Is this the end of the line for meme coins Dogecoin Shiba Inu and PEPE face significant losses
The cryptocurrency market recently saw a decline in asset values, with Bitcoin (BTC) dropping to $67,000 and Ethereum (ETH) falling below $3,600. Meme coins like Pepe (PEPE), Dogecoin (DOGE), and Shiba Inu (SHIB) also faced significant losses as bears fought against bulls for dominance.
In the midst of this turmoil, experts took notice of ETFswap (ETFS), a platform that remained resilient amidst the market downturn and continued to attract investors. Let’s explore the reasons behind its success and how the meme coins were impacted by the market decline.
ETFswap Emerges as Investors’ Preferred Choice for Trading ETFs
ETFswap (ETFS) is a decentralized crypto platform that seeks to tokenize exchange-traded funds (ETFs), providing accessibility on the blockchain for trading. By tokenizing ETFs, ETFswap (ETFS) combines elements of traditional and decentralized finance to offer a unique financial landscape for investors to diversify their portfolios with assets like precious metals and commodities.
Users investing in tokenized ETFs on the platform can access them on a web3 marketplace with 24/7 liquidity and no additional trading fees compared to traditional ETFs, which can charge up to 2% in fees.
Moreover, the platform underwent an audit by Cyberscope, a reputable blockchain security firm based in Greece. Following the audit, Cyberscope confirmed that ETFswap (ETFS) is free from critical vulnerabilities that could expose it to cyber attacks in the future.
At the heart of the network lies its native token, ETFS, which is essential for unlocking all features of the ETFswap ecosystem. Holding this token not only grants users access to trade tokenized ETFs but also provides them with voting rights to participate in network governance and influence decisions regarding the platform’s growth.
Are Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) Over the Meme Coin Rally?
Meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), once the stars of the crypto market, saw a decline on June 11, 2024, with a 7.5% drop in their market capitalization, according to Coingecko data.
Coingecko data indicates that Dogecoin (DOGE) lost 6.7% of its market capitalization, while Pepe (PEPE) decreased by 6.0%. Shiba Inu (SHIB) suffered the most significant loss with a 7.3% drop in market cap value within 24 hours.
During this period, traders of meme coins faced substantial losses, leading to questions about whether the bull run for meme coins has ended or if this is just a temporary setback.
Despite the challenges, crypto content creator Jake Gagain remains hopeful that meme coins will bounce back. Currently, Dogecoin (DOGE) is trading at $0.149, Shiba Inu (SHIB) at $0.00002309, and Pepe (PEPE) at $0.00001371, as per Coinmarketcap data.
ETFswap Presale and the Future of Meme Coins
Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have shown signs of recovery as the market slowly recovers from its bearish phase. However, traders remain cautious about the future trajectory of meme coins.
In contrast, ETFswap (ETFS) has garnered significant attention by offering its native token, ETFS, in a presale event at a low price of $0.01831, expected to increase to $0.03846 soon, providing automatic yield for early investors.
Experts speculate that the token could surge to $3, representing a 20,000% increase in value, offering early investors a chance to earn a 200x yield on their investment. Don’t miss out on this opportunity – buy ETFS today and secure your chance to potentially earn a significant return on your investment.
For more information about the ETFS Presale, visit the ETFSwap Presale and join the ETFSwap community.
