Shiba Inu Price Analysis: Will SHIB Reach $0.1 Or Will This Competitor Deliver Higher ROI?
Shiba Inu (SHIB) experienced multiple price declines in the third quarter of 2024. Despite these setbacks, the outlook for SHIB remains bullish, with many analysts predicting a potential price surge to $0.1. While some analysts are optimistic, the same cannot be said for investors. As a result, these investors are turning to ETFSwap (ETFS), a [...]
Shiba Inu (SHIB) experienced multiple price declines in the third quarter of 2024. Despite these setbacks, the outlook for SHIB remains bullish, with many analysts predicting a potential price surge to $0.1. While some analysts are optimistic, the same cannot be said for investors. As a result, these investors are turning to ETFSwap (ETFS), a promising alternative in the market that plans to deliver a higher ROI than Shiba Inu, potentially flipping it.
ETFSwap (ETFS): A Promising Alternative with Higher ROI Than Shiba Inu
ETFSwap (ETFS) is a state-of-the-art platform that merges the best elements of DeFi and TradFi, offering users round-the-clock access to trade tokenized real-world assets and institutional ETFs. In addition to unrestricted access to tokenized ETFs, the platform empowers users to leverage spot and futures trading margins up to 10x, and an impressive 50x on all listed ETFs.
At the core of the ETFSwap platform is its ETFS token. This token offers an impressive APR of up to 87% when staked, making it one of the highest-yielding options in the crypto space. Holders of the ETFS token also enjoy additional benefits like reduced trading fees, lower transaction costs, and governance rights. Investors can also tailor customizable strategies to meet individual needs, making ETFSwap a versatile option for various trading preferences.
As a DeFi platform poised to revolutionize the crypto space, ETFSwap (ETFS) is deeply committed to safeguarding user data and assets. This commitment is demonstrated by successful audits conducted by CyberScope and thorough KYC verification of team members through SolidProof. ETFSwap also has ambitious plans for the future, including the launch of its proprietary ETF by 2025. In the immediate term, the platform is preparing to unveil its Phase 1 beta version by the end of this month.
This beta will provide users with access to liquidity pools, staking mechanisms, ETF price tracking, and swapping features, ensuring a seamless user experience following rigorous backend development and UI testing. Following the beta platform’s release, Experts predict that ETFSwap’s could achieve extraordinary growth, with projections estimating a potential 10,000% increase, possibly reaching the $1 mark.
Shiba Inu (SHIB) Market Cap Challenge: Why $0.1 Is Unrealistic
The machine learning algorithm at CoinCodex, which utilizes a range of technical indicators to forecast cryptocurrency price movements, has predicted a bullish trend for Shiba Inu (SHIB) in the short term. Over the next five days, the algorithm suggests that Shiba Inu will experience further recovery, with a projected price increase to $0.00003084 by the weekend.
However, this forecast remains far from the much-discussed $0.1 target. Realistically, reaching a price of $0.1 or even $1 for Shiba Inu is highly improbable due to its massive circulating supply of 589 trillion tokens. To achieve a price of $0.1, Shiba Inu’s market capitalization would need to exceed $58.9 trillion, which is roughly three times the combined market cap of all cryptocurrencies.
To put this into perspective, Shiba Inu’s current price is approximately $0.00001438. For it to reach $0.1, the token would need to experience an astronomical surge of over 700,000%. While Shiba Inu (SHIB) may continue to see short-term gains, the extreme targets of $0.1 or $1 remain unrealistic without significant changes to its supply or broader market dynamics.
Conclusion
While Shiba Inu has achieved significant milestones in the past, reaching a price of $0.1 or $1 is highly improbable, as it would require a substantial increase of approximately 700,000%. In contrast, ETFSwap (ETFS) presents a compelling investment opportunity due to its impressive presale performance, an innovative platform with connections to the burgeoning ETF market and the upcoming launch of its Beta platform.
Currently selling at an affordable $0.03846 in its ongoing presale, experts are confident that ETFSwap (ETFS) will not only surpass the $0.1 mark, which Shiba Inu is unlikely to achieve, but also surpass it, potentially giving investors up to 10,000% in profit.
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