According to Shiba Inu lead developers, the tokens layer-2 scaling solution, Shibarium, is on the verge of a major milestone that will drive SHIB ecosystem to new highs. Despite this development, Shiba Inu’s technical indicators suggest a challenging outlook for the meme coin in the near future.
In light of these developments, major investors are turning their attention to ETFSwap (ETFS). This new DeFi token has already rewarded early backers with up to 200% profit and offers significant growth potential.
Shibarium Major Milestone
According to data from Shibariumscam, the layer-2 protocol is approaching two million registered addresses, currently totaling 1,814,475 within just 13 months of its launch. In addition to this significant adoption milestone, total transactions are on the verge of surpassing 420 million, with the current count at 418,168,377.
However, if negative trends persist, reaching this transaction milestone may prove challenging. Explorer data indicates that daily transactions on Shibarium have dropped sharply from a monthly high of 28,680 on August 20 to as low as 1,890 at present.
The pattern of Shibarium’s adoption tends to be seasonal, as evidenced by the millions of daily transactions recorded in Q4 of last year, which has since become unsustainable. While daily transactions are declining, other metrics, such as contract creation and gas usage, are showing remarkable growth.
ETFSwap (ETFS): A Promising Investment Opportunity
While it remains to be seen whether the Shibarium network’s growth will translate into a sustained increase in SHIB’s price, ETFSwap (ETFS) is emerging as a profitable option for investors to hedge against the current losses. Relatively new to the DeFi space, ETFSwap (ETFS) effectively bridges the gap between traditional finance (TradFi) and decentralized finance (DeFi) to facilitate seamless transfers between tokenized real-world assets (RWAs) and cryptocurrencies.
Notably, these assets are backed by real-world securities, as ETFSwap collaborates with MiCa-compliant regulated investment banks to ensure compliance and security. With ETFSwap (ETFS), investors can earn passive income quickly and easily by staking their assets in available pools. As the volume in these pools increases, so do the rewards for investors. Additionally, staking provides the necessary liquidity for secure asset swaps across multiple markets.
ETFSwap (ETFS) embodies the elements of decentralization, empowering investors with ultimate control. Its top-notch market-making prowess ensures optimal liquidity, allowing traders the freedom to open and close positions at any time and manage risks effectively. The ETFSwap (ETFS) trading platform is built on advanced Artificial Intelligence technology and boasts sophisticated algorithms that analyze extensive data sets and market trends to identify and recommend optimal investment opportunities for users.
This enables investors to make informed decisions and enhance their potential returns. To reiterate its commitment to security and transparency, ETFSwap (ETFS) ordered a thorough audit of its platform and KYC verification for its team and leadership from Cyberscope and SolidProof, respectively. These efforts further reassure Shiba Inu (SHIB) investors and traders that their investments are safe.
Impact of Shibarium Network on Shiba Inu’s Price
Positive sentiments surrounding Shibarium often translate into increased demand for Shiba Inu (SHIB) and its price. As transaction volumes rise, more users engaging with the platform—evidenced by an increase in wallet addresses—could lead to heightened demand for Shiba Inu (SHIB).
This growing demand may help Shiba Inu build on its momentum. Currently, the token has risen by 2.77% over the past 24 hours, trading at $0.00001347. Despite still being down over 87% from it’s all-time high of $0.00008845, the anticipated milestones for Shibarium could help bridge this gap in the future.
Conclusion
While Shibarium’s growth may or may not translate into a sustained increase in SHIB’s price, ETFSwap (ETFS) offers a promising investment opportunity with significant potential. ETFSwap (ETFS) is currently available at an affordable price of $0.03846 per ETFS token, and its price is projected to surge over 3,000% when it launches on major exchanges and 5,000% when it launches its own ETF. Don’t miss out on this opportunity to be part of the crypto ETF revolution and take advantage of the real-world asset tokenization.
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Also Read: SUI, FET, and RCOF Enter Critical Buy Zones that Can Produce ‘Generational Wealth,’ Here’s Why
Disclaimer and Risk Warning
This article is a sponsored press release meant solely for informational purposes. OvenAdd neither endorses nor takes responsibility for the content, quality, products, advertising, or accuracy of any materials within this article. The views expressed do not represent those of OvenAdd and should not be considered legal, tax, investment, or financial advice. Readers are advised to conduct their own research before making any significant decisions.
