ETFSwap (ETFS) Presale Takes Off As Meme Coin Craze For Dogwifhat (WIF) And Dogecoin (DOGE) Dies

ETFSwap (ETFS) is the rave of the moment as the crypto token has been on a fantastic run while the frenzy around meme coins such as Dogwifhat (WIF) and Dogecoin (DOGE) has slowed. Crypto experts believe this isn’t coincidental, given that crypto investors are likely to have rotated their funds to the ETFSwap (ETFS) presale, which continues to record impressive numbers.

End Of The Road For Dogwifhat (WIF)?

Dogwifhat (WIF) looks to have run out of gas, having maintained a tepid price action for some time now. Currently trading at around $3, the foremost Solana (SOL) meme coin is down over 30% from its all-time high (ATH) of $4.85, which it achieved on March 31. That also happens to be the period when interest in the meme coin began to dwindle.

Solana traders are believed to have turned their attention to utility coins that have better long-term value, seeing that meme coins like Dogwifhat (WIF) look to have peaked. Besides, its run was expected to come to an end at some point, considering that it lacks any real-life utility to maintain such bullish momentum.

Meanwhile, those who made life-changing gains from the Dogwifhat (WIF) have also exited their positions in the meme coin and have invested their profits in more long-term plays like ETFSwap (ETFS).

Dogecoin (DOGE) Is On A Similar Path

Like Dogwifhat (WIF), Dogecoin’s (DOGE) price action has been rather unimpressive lately. Since the beginning of April, the foremost meme coin has continued to shed its year-to-date (YTD) gains, which was one as high as 85%. It is also worth mentioning that Dogecoin (DOGE) failed to even make upside moves on DOGE day, which took place on April 20.

Crypto analysts had predicted that the meme coin would see a trend reversal on that day, but nothing happened despite the attention it received on the day. Dogecoin (DOGE) was also expected to record significant price gains ahead of Coinbase’s listing of its regulated Doge futures for institutional clients on April 29. Still, nothing has happened so far, with the meme coin continuing to trade sideways.

Currently trading at around $0.16, Dogecoin (DOGE) has also experienced a decline in its training volume, down over 17% in the last 24 hours, according to data from CoinMarketCap.

Crypto Investors Shift Attention To ETFSwap’s (ETFS) Presale

Crypto investors have turned their attention to ETFSwap’s (ETFS) presale, a token packed with utility over meme coins like Dogwifhat (WIF) and Dogecoin (DOGE). These investors are accumulating as many ETFSwap (ETFS) tokens as possible before the crypto token makes its parabolic rise upon listing on exchanges. Over 40 million tokens have already been sold out in Stage 1 of the token presale.

This rise in demand has to do with the fact that ETFSwap (ETFS) is a high-conviction play, given that the crypto token’s value continued to skyrocket amidst the recent market downtrend. Furthermore, crypto experts have analyzed the ETFSwap (ETFS) ecosystem in-depth and noted that the crypto token could indeed see unprecedented gains.

One reason they hold this belief is because of ETFSwap’s (ETFS) tokenomics. The token’s allocation is designed to create a strong community that will be invested in the ecosystem’s success. Specifically, 40% of the token’s circulating supply was reserved for public sale.

There is also the belief that those who purchase the ETFSwap (ETFS) token from the get-go will end up being long-term holders, which can help provide stability to the crypto token as it continues to make its run to the upside. In the course of this, these holders are expected to become crypto millionaires once the coin begins its run.

Meanwhile, it is also worth mentioning that ETFSwap (ETFS) is a deflationary token, meaning that its circulating supply will reduce as time goes on. This will further drive up ETFSwap’s (ETFS) value, especially if the increased demand the crypto token is currently witnessing is sustained.

For those yet to invest, there is still an opportunity to do so. Stage 1 of the presale is still ongoing, and each token costs $0.00854. Everyone will agree that this is undoubtedly a steal for a crypto token that could well become the best-performing asset in this market cycle.

For more information about the ETFS Presale:

•  Visit ETFSwap Presale
• Join The ETFSwap Community

The post ETFSwap (ETFS) Presale Takes Off As Meme Coin Craze For Dogwifhat (WIF) And Dogecoin (DOGE) Dies appeared first on Blockonomi.