12 Aug 2024 Simon Briggs
Veteran Bitcoin Trader Says BTC Price Crash Is Not Over, Buy This Shiba Inu Rival For 2,300% Gains
Bitcoin (BTC) has rebounded well since its drop below $50,000 on August 5. However, this veteran has suggested this BTC’s reversal might just be a relief bounce with the flagship crypto set to experience a price crash. Considering this, Shiba Inu’s rival ETFSwap (ETFS) has emerged as a better investment for those looking to make massive gains.
Why Bitcoin (BTC) Price Crash Is Not Over
The Bitcoin trader explained that the BTC price crash is not over as the flagship crypto has yet to find a bottom, although it has rebounded well above $50,000. The trader further mentioned that the $40,000 range is a likely bottom for Bitcoin, meaning that BTC’s price could drop below $50,000 anytime soon.
Regarding factors that could lead to Bitcoin's (BTC) price crash, the trader mentioned the US Federal Reserve’s failure to react to calls for an emergency rate cut as recession fears grow. Fed Chair Jerome Powell also did little to suggest that they plan to cut rates at the next FOMC meeting in September, with BTC’s price likely to crash if that doesn’t happen.
Meanwhile, Bitcoin’s (BTC) price crash could also happen as Democratic presidential candidate Kamala Harris continues to gain ground against Republican candidate Donald Trump. Trump is considered more Bitcoin-friendly, and BTC traders could dump their holdings if they sense that Harris is more likely to win the US presidential elections.
ETFSwap (ETFS) Is A Better Investment For Massive Gains
With Bitcoin (BTC) at risk of another price crash, Shiba Inu’s rival ETFSwap (ETFS) has emerged as a better investment for traders seeking massive gains. The token has been praised for its utility, which gives it an edge over the likes of Shiba Inu (SHIB). Analysts have also predicted that ETFS could record a price gain of over 2,000% as demand for the token continues to skyrocket.
Investors are accumulating ETFS in its ongoing presale as they prepare for the launch of the ETFSwap beta platform. ETFSwap’s native token, ETFS, will grant these investors access to the decentralized finance (DeFi) platform, which tokenizes exchange-traded funds (ETFs) and provides a much easier way to invest in these traditional assets.
In addition to providing a more accessible way to invest in these ETFs, ETFSwap (ETFS) has implemented measures to ensure that users are more secure while using the decentralized trading platform. This includes integrating security tools, which projects like Shiba Inu aim to replicate on their decentralized exchange (DEX).
Furthermore, investors on the trading platform can trade anonymously as ETFSwap (ETFS) has integrated zero-knowledge (ZK) proof technology into the platform. This ensures that traders can invest without revealing their identity or any sensitive information. The platform has no Know-Your-Customer (KYC) requirements, so investors do not have to worry about overwhelming customer verification processes.
On ETFSwap (ETFS), traders are equipped with artificial intelligence (AI) powered tools that provide them with the best ETF recommendations. These tools, ETF Screener and ETF Tracker, perform predictive analysis, offering traders insights into the future outcome of their potential trades.
Meanwhile, it is worth mentioning that, unlike projects like Shiba Inu, which have anonymous founders and developers, the ETFSwap (ETFS) team is fully doxxed, having been verified and certified by Solidproof. This has further boosted investors’ confidence in ETFS’ long-term success.
ETFSwap’s (ETFS) tokenomics is more impressive than tokens like Shiba Inu (SHIB). ETFS has a total supply of 1 billion, with most of these allocated to the community. Investors also do not have to worry about the ETFSwap team dumping on them as their tokens are vested for five years.
Conclusion
Investors looking for massive returns are undoubtedly better off buying ETFSwap (ETFS) than Bitcoin (BTC) and Shiba Inu (SHIB). The token has more room to run with a 2,000% price rally on the horizon and is still selling at a discount at its current price of $0.01831.
Bitcoin btc Shiba Inu ETF
