The post $4 Billion At Risk If The Dogecoin Price Slips Below This Level appeared first on Coinpedia Fintech News
Dogecoin (DOGE) stands at a pivotal point where breaching key support levels could risk nearly $4 billion, driven by sell-offs initiated by Dogecoin (DOGE) whales. Amidst this negative trend, investors can find solace by investing their funds in tokenized ETFs, a safer and potentially more profitable investment alternative offered by innovative trading platforms like ETFSwap (ETFS).
Dogecoin (DOGE) Cause Nearly $4 Billion Loss
The Dogecoin community may be reeling from the current market turmoil after Dogecoin whales offloaded over 400 million DOGE tokens, almost triggering a massive $4 billion market loss.
Earlier this year, Dogecoin was among the few cryptocurrencies that witnessed massive gains as demand for meme coins surged in the market. However, as bearish sentiment rose, Dogecoin experienced significant declines, with its price plummeting by 11.06% in the past month.
According to the Global In/Out of the Money (GIOM) indicator, around 35.27 billion Dogecoin valued at approximately $4 billion were purchased at an average price between $0.105 and $0.114. This substantial supply risks losing profitability if Dogecoin falls below the $0.105 support level.
The cryptocurrency is trading at $1.226, showing signs of strength amidst broader market volatility and ongoing sell-offs. Dogecoin has also risen by 7.55% in the last 24 hours and increased by another 13.48% over the past week.
ETFSwap (ETFS) Offers Investors Safe Trading And Investment Opportunity With Tokenized Crypto ETFs
Amidst the ongoing downtrend in the market and the uncertainty surrounding Dogecoin, many investors are opting for safer investment alternatives with high-profit potential. ETFSwap (ETFS) has emerged as a secure opportunity for investors to dive into the tokenized crypto ETF market and enjoy the opportunities within this landscape.
As a decentralized trading platform, ETFSwap (ETFS) offers access to numerous institutional ETFs backed by real-world commodities and resources. These ETFs include both crypto ETFs and various other highly lucrative investment assets.
When trading ETFs on its platform, ETFSwap (ETFS) also empowers users with cutting-edge trading solutions and customizable trading strategies to help them streamline their trades and potentially maximize their profits. This platform employs sophisticated Artificial Intelligence (AI) algorithms to analyze market trends and historical data to provide the best ETF suggestions for users.
Moreover, ETFSwap (ETFS) is a step ahead of traditional ETF platforms, incorporating blockchain technology to facilitate decentralized transactions, providing anonymity and transparency for users.
This platform’s smart contracts have been thoroughly audited by CyberScope and its team has successfully passed the Know Your Service (KYC) verification process conducted by Solidproof, a smart contracts security audit firm.
At the core of ETFSwap’s innovative platform is its native token, ETFS. The ETFS token is based on the Ethereum blockchain and helps facilitate transactions and tokenized ETF trading.
By investing in the ETFS token, investors will have access to optimal liquidity and staking rewards when they stake the ETFS token. To acquire more incredible investment and trading perks, investors are urged to purchase ETFS tokens in its ongoing presale.
The presale has already sold a substantial amount of ETFS tokens and is expected to end soon. Hence, early investors are encouraged to act quickly to buy tokens at their current discounted price. The price of each ETFS token is presently $0.01831 but is expected to surge dramatically to $0.03846 in the next presale stage.
Invest Safely With ETFSwap (ETFS) Presale
With ETFSwap (ETFS), investors can rest assured that their assets are secure, and protected by ETFSwap’s advanced security measures and protocols. ETFSwap (ETFS) offers a safe and reliable trading space for investors to buy and trade tokenized ETFs from diverse global regions. Its ongoing presale presents an opportunity for investors to potentially amplify their investment profits through tokenized crypto ETF trading.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
