Shiba Inu (SHIB) Price Drops While ETFSwap (ETFS) Altcoin Primed for 15,000% Growth In November 2024

The Shiba Inu price has faced steady declines over the past month, prompting a prominent crypto expert to warn that holding SHIB could be a “big mistake.”

The Shiba Inu price has faced a steady decline over the past month, prompting a prominent crypto expert to warn that holding SHIB could be a “big mistake.” This statement has raised doubts about Shiba Inu’s long-term growth potential. In contrast, the expert has shifted focus to ETFSwap (ETFS), an affordable altcoin he predicts could surge by 15,000% in November 2024. Currently, in the bonus phase of presale, the altcoin has already given early presale investors up to 400% in profit.

Shiba Inu Price Analysis: Signs of a Bearish Trend

Over the past week, Shiba Inu price has decreased by 2.16%, and dropped 7.56% over the past month. In a longer-term view, SHIB’s price has dropped by 29.60% over the last six months, indicating short-term gains but a significant decline overall. Currently, the Shiba Inu price fluctuates between $0.00001859 and $0.00001939.

The 20-day simple moving average is at $0.00001790, slightly below the 100-day average of $0.00001828, suggesting a potential bearish trend in the short term. The Relative Strength Index (RSI) stands at 46.32, indicating that the coin is neither overbought nor oversold, while the MACD level is near zero, reflecting neutral momentum.

According to one expert, for the Shiba Inu price to increase, it needs to break through the nearest resistance level at $0.00002096. If successful, Shiba Inu price could then target a second resistance at $0.00002447, representing an approximate 30% increase. Conversely, if the Shiba Inu price declines, the expert says SHIB may find support at $0.00001394 or further down at $0.00001043, which could mean a decrease of about 10% to 30%.

ETFSwap (ETFS): An Affordable Altcoin Primed for 15,000% Growth In November 2024

With the Shiba Inu price on a steady decline over the past month, experts are pointing investors toward ETFSwap (ETFS), a low-cost altcoin projected to surge by an astonishing 15,000% in November 2024. This confidence in ETFSwap stems from its innovative approach to blockchain trading, which empowers users to buy and sell cryptocurrencies and ETFs directly on a decentralised platform.

The altcoin achieves this by merging DeFi and tradFi features to tokenize these assets making them accessible to investors to trade on the blockchain. Existing on-chain, actual ETF securities like Gold, Silver etc will back the tokenized ETFs and will be fully verifiable by users. Aside from enabling ETF trading, the advanced altcoin features market-making and perpetual trading, allowing users to actively trade assets without time limits while enjoying high liquidity and flexibility.

Furthermore, users will have access to profit margins of up to 50x in all ETF trades, potentially amplifying gains by as much as 50,000%. To meet investors’ curiosity and showcase its offerings, ETFSwap (ETFS) has provided early access through a beta version, which is currently live on Testnet. In the current phase of the beta platform, users can expect to see features such as staking, liquidity pools, a live ETF price tracker, and more. The Phase 2 beta promises much more, including the advanced AI-powered ETF Screener and Finder.

The AI algorithms will offer ETF recommendations to users based on comprehensive market analysis. Additionally, ETFSwap (ETFS) has successfully completed KYC verification through SolidProof, confirming the legitimacy of the team behind this project. In this light, expert predictions are highly optimistic, with expectations that the altcoin could surge as high 15,000% in November 2024.

Conclusion

As the Shiba Inu price grapples with declines, attention is increasingly turning to ETFSwap (ETFS), an altcoin that offers a promising alternative for investors in search of substantial returns. With its innovative platform that enables direct trading of ETFs on a decentralised system, experts forecast an impressive growth of 15,000% for the altcoin in November 2024. Currently, the altcoin is in its bonus presale phase, this is the final opportunity for investors to acquire ETFS tokens at a favourable price before they potentially soar by 15,000%.

For more information about the ETFS presale:

Visit ETFSwap (ETFS) Presale

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