Despite the high volatility of Shiba Inu (SHIB) right now, whales have recently made a lot of moves that could influence Shiba Inu price. The significant increase in transaction volume within a short period has led analysts to speculate that whales might be selling off, potentially causing a Shiba Inu price decline. As a result, Shiba Inu investors have begun to search for alternatives with ETFSwap (ETFS) emerging as the potential solution.
Shiba Inu’s Recent Price Surge: What’s Driving the Momentum?
IntoTheBlock data has shown a notable uptick in the Shiba Inu whales volume recently. Between October 6 and 7 on chain volume transactions by whales shot up more than double. According to the on-chain data tracking website, Shiba Inu whales volumes were only 1.39 trillion. However, By the next day, on October 7, there was a marked 66% increase in the number of Shiba Inu transactions.
As a result, there was also an uptick in the number of SHIB tokens transacted. It came out to 3.02 trillion SHIB tokens, showing a 117% increase from the prior day’s figures.The uptick in the whale transaction volumes coincided with the Shiba Inu price crash back down to the $0.000017 territory.
This suggests that these large Shiba Inu whales are actively taking part in the sell-offs and their activities could be putting further bearish strain on Shiba Inu price. If the Shiba Inu whale volumes continue to decline from here with no change in Shiba Inu price direction, then it could suggest that the whales are still selling. However, if these whales were to switch to buying, then the Shiba Inu price could see a notable recovery from here.
ETFSwap Aims To Improve The ETF Market With Blockchain Technology
Traditional ETFs have long been a popular investment vehicle. However, the limitations of traditional finance, including high fees and time-consuming processes, have left room for innovation. Capitalizing on these shortcomings, ETFSwap (ETFS) is setting out to reshape the ETF market by using the power of blockchain technology.
ETFSwap (ETFS) offers a decentralized ETF trading platform that enables buying and selling of ETFs and assets directly on the blockchain. This innovative approach allows users to trade tokenized ETFs and assets like bonds and commodities without intermediaries, giving them full control of their assets and trades in a more secure and transparent manner. Not only can investors trade tokenized ETFs, they can also swap these ETFs to cryptocurrencies in full DeFi mode.
Every assets swapped, are meticulously recorded on the immutable blockchain ledger that the ETFSwap (ETFS) platform uses. This ledger is tamper-proof, secure and transparent. In addition to this ledger, ETFSwap (ETFS) boasts other security features. For instance, every team member of the platform has undergone a successful KYC verification by Solidproof.
Furthermore, ETFSwap’s smart contracts have been audited by CyberScope, providing robust protection against cyber threats. The first phase of the ETFSwap (ETFS) beta platform is set to launch, featuring a robust backend designed to support advanced trading activities. Once the thorough UI testing of the platform is completed, the first phase of the beta platform will reveal an easy-to-use interface with various functionalities.
These functionalities will include staking for rewards, access to liquidity pools, a live ETF price tracker, an 87% APR yield, and early access to newly listed ETFs. The second phase of the beta platform launch will unveil more unique features like an AI-powered ETF Screener and Filter, which will help users make smarter investment choices through real-time data analytics.
Conclusion
Despite a rise in Shiba Inu whale activity, Shiba Inu price has continued to fall, causing significant losses to its investors. Meanwhile, ETFSwap (ETFS) is transforming ETF trading with its innovative blockchain technology. Analysts forecast a substantial 15,000x increase in token value as the platform grows and evolves. With ETFSwap (ETFS) currently in its presale phase, and selling at a low price of $0.03846, now is the best time to take advantage of this unique opportunity.
For more information about the ETFS Presale:Visit ETFSwap PresaleJoin The ETFSwap Community
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