Crypto Price Prediction
The crypto market had a rough transition into October 2024, and though it briefly cooled off with top assets like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) recording gains, the tides have again turned bearish. As we approach the third week of October, crypto analysts have forecasted what to expect from Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Shiba Inu (SHIB) Dogecoin (DOGE), and an ETF token ETFSwap (ETFS). Let's see analysts' price predictions on the crypto tokens.
ETFSwap (ETFS) is a blockchain-based ETF trading platform that introduces the unique option of trading tokenized ETFs. The Tokenized ETFs democratize access to exchange-traded funds, enabling everyone to invest in them at a pocket-friendly price. Unlike traditional ETFs, the tokenized ETFs on ETFSwap (ETFS) will be fully convertible to other cryptocurrencies. Also, with the help of smart contracts, users can carry out permissionless transactions. In addition, ETFSwap (ETFS) has employed a DeFi tool, zero-knowledge proofs, which will protect users' identity by allowing them to remain anonymous when carrying out transactions.
ETFSwap (ETFS) has also taken stringent measures to tighten the platform's security through a state-of-the-art security system and regular audits of its smart contract. One of the security firms that audited the platform's smart contract is the world-renowned blockchain security firm Cyberscope. After a thorough examination, the firm saw no cracks hackers could exploit to harm the platform and its users. Recently, ETFSwap (ETFS) announced the completion of phase 1 of its beta platform after rigorous UI testing. However, before launch, the beta platform is in its testnet phase, which will be tested for anomalies.
Since the phase 1 beta platform will allow users to trade tokenized ETFs and test out all the other sleek features, many are rushing to join the ETFSwap (ETFS) ecosystem by buying its native token ETFS. Currently, the only way to buy ETFS is to participate in the platform's ongoing presale, which is offered at $0.03846 per coin. Meanwhile, users who purchase the token will benefit from 87% APR as staking rewards if they stake their tokens in the platform pool and gain access to exclusive investment opportunities.
According to analysts, Bitcoin (BTC) was on a bullish stride on October 6, recording a 1.55% gain in 24 hours. However, the analyst speculated that Bitcoin (BTC) may not see a further move upward due to weakened buying pressure. Ethereum (ETH), like Bitcoin (BTC), experienced a 1.81% growth at the beginning of the week, breaking past the $2,499 level.
However, analysts are optimistic that Ethereum (ETH) only saw a false breakout, and they expect Ethereum (ETH) to decline back to the $2,450 range or lower. Ripple (XRP), on the other hand, has failed to garner enough momentum to push the XRP price upwards. Like BTC and ETH, Ripple (XRP) also saw close to a 1% increase at the start of the new week. However, a careful analysis of Ripple's (XRP) chart indicates that XRP failed to gather enough momentum to shoot past the $0.544 resistance level.
In the meme coin sector, experts are leaning towards a bullish move for Dogecoin (DOGE); however, before moving upwards, Dogecoin (DOGE) will first face a 3% dip. Dogecoin (DOGE) competitor Shiba Inu (SHIB) is showing signs of a bullish breakthrough as its trading volume spiked 81%, suggesting increased interest in Shiba Inu (SHIB) among investors. Therefore, if investors' interest in Shiba Inu (SHIB) continues to grow, experts are optimistic that Shiba Inu (SHIB) could surge by 50%. According to CoinGecko, Bitcoin (BTC) trades around the $62,000 level, Ethereum (ETH) hovers above the $2,400 mark, Ripple (XRP) trades at $0.53, and Dogecoin (DOGE) is worth $0.109.
While the situation looks bleak for Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), experts speculate that ETFSwap (ETFS) will soon surge to the $3 mark. When that happens, all early investors will secure their chance of making over 200x yield on their investments. Even Dogecoin (DOGE) and Shiba Inu (SHIB) investors are taking hold of this opportunity to bag ETFS. So don't delay: Buy ETFS today!
For more information about the ETFS Presale:
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