Activity on Shibarium, Shiba Inu’s (SHIB) layer 2 network, has slipped in the past few weeks and trapped Shiba Inu price in a tight range. The network’s slumber and the resulting Shiba Inu price underperformance alarmed Shiba Inu investors who have begun flocking to alternative investment opportunities. ETFSwap (ETFS) has been receiving the biggest chunk of these Shiba Inu deserters with its record-breaking token presale concluding soon.
ETFSwap (ETFS) Set To Provide Shiba Inu Investors Access To ETF Trading
ETFSwap (ETFS) is a tokenization platform for ETFs that also provides investors and traders access to trade and invest in the institutionally provided ETFs. The platform provides a decentralized infrastructure for crypto traders like Shiba Inu investors to invest in the highly liquid integration of the crypto and ETF markets. Therefore, institutional investors can overcome the barriers hindering their involvement with crypto-related asset, such as opening and managing a crypto wallet or cumbersome onboarding processes.
ETFSwap (ETFS) is set to become the world’s premier destination for trading and investing in tokenized ETFs, if the overwhelming interest and attention the platform has garnered recently is any indication. The ETFSwap (ETFS) team recently announced that it had completed over 15 weeks of hard work on the platform’s back end and installed it on its testnet for extensive optimization before it is finally rolled out publicly.
ETFSwap (ETFS) has teased its platform’s innovative trading solutions and features to help traders and investors get the most out of their trading experience on ETFSwap (ETFS). These features especially endear ETFSwap (ETFS) to Shiba Inu investors who have been expecting these game-changing assistive tools since they were first announced.
ETFSwap (ETFS) will allow Shiba Inu investors to access advanced AI-powered analytical tools to help them make better-informed decisions. The ETF Screener and ETF Tracker analyze market history and monitor the prices of ETFs in real time, extrapolating useful insights for traders to weigh their investment choices.
ETFSwap (ETFS) offers access to various liquidity pools so Shiba Inu investors can earn in several ways on the platform. They can swap their tokens for ETFs and vice versa. They have a variety of high-yield staking options to earn passive income. They also have access to advanced trade perpetuals and futures contracts. Additionally, users can apply up to 10x and 50x multiplying power on their normal trades, and futures and options positions, respectively.
ETFSwap (ETFS) also offers a fully DeFi mode, enabling users to trade their cryptocurrencies without needing centralized exchanges. This allows them to trade without external intervention or manipulation, further boosting their experience on ETFSwap (ETFS).
Shiba Inu Price Woes Drive Shiba Inu Investors’ Mass Exodus To ETFSwap (ETFS)
The reduced number of transactions on the Shiba Inu (SHIB) layer 2 network, Shibarium, has negatively impacted the Shiba Inu price. ShibariumScan data revealed that active Shiba Inu (SHIB) accounts have dropped below 500, and only 33 new accounts were opened on October 8.
The correlation between the Shiba Inu price and Shibarium’s low transaction count is in the resulting minting and burning of Shiba Inu (SHIB) coins. Bone (BONE) is the native token of the Shibarium network and is used to finance transactions on the platform. Bone (BONE) is also converted to Shiba Inu (SHIB) and burned. The scarcity of transactions and fees on Shibarium has thus slowed down the Shiba Inu price. The Shiba Inu price, at the time of writing, was $0.0000171, a 2.53% drop from the previous day.
Conclusion
The recent Shiba Inu price woes have pushed Shiba Inu investors to seek refuge in ETFSwap (ETFS) and its promise of huge ROI in a few days. Leading analysts predict the Ethereum token will surge 40,000 soon. Interested investors must hurry to buy the token at its current discounted price before the token presale ends in a few days.
For more information about the ETFS Presale: