Will Shiba Inu Burns Help Push SHIB To New ATHs?

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Recently, the Shiba Inu (SHIB) burn rate has increased by a massive 5,975% in a bid to push the Shiba Inu (SHIB) token towards higher price points. Major crypto stakeholders are now speculating if Shiba Inu (SHIB) will reach new all-time highs with sustained and continued burning mechanisms.

However, major DeFi price action analysts have moved to back ETFSwap (ETFS) and Pepe (PEPE) instead of Shiba Inu (SHIB) as they advance next-gen DeFi workings. Investment experts especially favor ETFSwap (ETFS) for maximum returns on investment. 

ETFSwap (ETFS) Trumps Shiba Inu With Tokenized ETF Solution

DeFi price action analysts are tipping ETFSwap (ETFS) to hit an all-time high of $10 in a meteoric 15,000% move ahead of Shiba Inu (SHIB). Despite speculations that the 5,975% increase in SHIB burns could push Shiba Inu (SHIB) to new all-time highs, ETFSwap (ETFS) is preferred by major DeFi ecosystem analysts and market makers like Grayscale and VanEck. ETFSwap (ETFS) is integrating a $10 trillion market, the ETF market, into the cryptocurrency market to create hybrid high-liquid institutional assets tradable on-chain. ETFSwap (ETFS) is using the Ethereum blockchain technology to offer ERC20 ETF tokens for major institutional assets like coal, oil, gas, corn, and many more.  More so, trading crypto ETFs on the ETFSwap (ETFS) trading platform is more profitable than traditional ETF markets as traders get access to spot/futures crypto ETFs of major market makers. 

ETFSwap (ETFS) is at the forefront of this transformative Web3 era as it is expanding the options available to traders with its new asset classes while maintaining profitability through fixed asset ETFs. ETFSwap (ETFS) offers fixed-income ETFs in the form of fixed treasuries, bonds, and securities for reliable returns and reduced volatility. Little wonder that DeFi ecosystem experts also back its ecosystem to grow into one of the biggest in DeFi. With the backend of its phase 1 beta launch done, the ETFSwap (ETFS) beta platform is currently undergoing major UI testing to launch its ETF trading mechanism very soon. Major crypto whales and DeFi stakeholders are already adopting the ongoing presale of the ETFSwap (ETFS) platform as it nears $6 million in just presale funds — investment experts now nudge retail crypto investors to take advantage of a potentially life-changing opportunity. 

DeFi ecosystem analysts also back ETFSwap (ETFS) ahead of Shiba Inu (SHIB) because of its passive income model which prioritizes ecosystem users. With the trade-to-earn ETFS token, you can earn a whopping 87% APR yield for holding the token and using it to interact with the ecosystem. An additional 36% yield is also on grabs for contributing to the liquidity pools in a custom incentive model. With the presale coming to an end very soon, now is the time to take advantage of the $0.03846 offer to position for the incoming 15,000% move upon full DeFi launch. 

PEPE To Outperform Shiba Inu (SHIB) 

PEPE is set to outperform Shiba Inu (SHIB) despite the increased burning of SHIB tokens in recent market cycles. PEPE is now accumulating major buyers around the $0.00005 price area as the sentiment around the PEPE ecosystem is bullish.

More so, the PEPE token boasts one of the strongest meme communities in the space with increased daily trading volume drawing the attention of major investors. Little wonder experts see the PEPE token moving towards higher support levels to smash the $0.0006 price target. 

Shiba Inu (SHIB) Could Need More

After seeing the bullish tractions of ETFSwap (ETFS) and PEPE, analysts have concluded that Shiba Inu (SHIB) could need more than an increase in the burning rate to hit new all-time highs. Shiba Inu (SHIB) recently increased its burn rate by 5,975% to reduce its supply and increase demand, but it has not quite worked. 

This burn rate was expected to drive up the daily trading volume of Shiba Inu (SHIB) but it has not lived up to expectations as Shiba Inu (SHIB) is still ranging around the $0.00001 region. 

Conclusion

Shiba Inu (SHIB) could need more than an increase in burn rate to drive price highs as analysts back ETFSwap (ETFS) and Pepe (PEPE) to hit new all-time highs. The ETFS token especially presents the easiest opportunity to make millions from small bucks of investment at its $0.03846 entry price. Hurry now and take advantage. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

*This article was paid for. Cryptonomist did not write the article or test the platform.