One key development this week is that Dogecoin (DOGE) formed a death cross pattern on its daily charts, suggesting a bearish turn. Also, ETFSwap (ETFS), a crypto ETF trading platform, records a new high in its ongoing presale event. This article discusses how the technical indicator will affect Dogecoin (DOGE) and why ETFSwap (ETFS) is flourishing in presale.
Will Dogecoin Succumb To The Bears As Death Cross Appears?
Dogecoin (DOGE), the 8th largest cryptocurrency in the market, could be gearing towards a bearish momentum as technical analysis shows that the Death Cross pattern has emerged on its daily charts.
Death Cross, a technical indicator that appears when a short-term moving average (MA) crosses below a long-term moving average (MA), often signals a potential bearish trend. However, interestingly, Dogecoin (DOGE) hourly charts suggest the opposite for the coin as it forms a golden cross pattern, which signals an uptrend in price value as it is associated with a bullish momentum.
Nevertheless, the mixed signals Dogecoin (DOGE) technical indicators are showing have put investors in a tough spot as they reflect an optimistic and, at the same time, cautious market sentiment due to the Death Cross. However, according to asset tracking platform CoinGecko, Dogecoin (DOGE) is yet to show any signs of being affected by the Death Cross pattern as it currently trades at $0.137, which indicates an increase in value in the past 24 hours.
ETFSwap (ETFS) Shakes DeFi Sector With Massive Presale
ETFSwap (ETFS) is a blockchain platform that facilitates the trading and swapping of exchange-traded funds (ETFs) on-chain through the tokenization of assets. The platform combines blockchain technology and tokenization to create a tokenized version of ETFs, which, unlike its traditional counterparts, will not only be fully accessible but also affordable to investors of all portfolio sizes.
Further, investors need not worry about the safety of their assets as ETFSwap (ETFS) will only partner with MiCa-regulated investment banks to handle the trading of securities and cryptocurrencies. At the same time, ETFSwap (ETFS) employs a DeFi protocol with Zero-knowledge proofs to ensure the privacy of all users when carrying out transactions on the network. Since it will be on the blockchain, users can take advantage of on-chain tools to track the progress of the tokenized ETFs before making any investment decisions.
The ETFSwap (ETFS) team was also recently verified by SolidProof, a smart contract security auditing firm boosting its trustworthiness as a secured platform. As a decentralized platform, ETFSwap (ETFS) also allows new users to sign up without passing through a KYC requirement protocol, enabling them to start trading in a few minutes.
However, all users will need to purchase ETFS, the platform’s native token, as it will be the key to accessing every feature on the network, including trading tokenized ETFs and converting them to other crypto assets. Interestingly, ETFSwap (ETFS) is offering the token to everyone at a pocket-friendly price of $0.01831 in its ongoing presale event. Those who buy ETFS tokens now secure their chance of making an automatic profit on their investments when its price increases to $0.03846 in the next round.
Conclusion
Dogecoin (DOGE) investors may be in limbo due to its mixed market sentiment as the Death Cross appears, but ETFSwap (ETFS) investors are confident as experts speculate that ETFS will soon surge by over 70,000% in value. Therefore, many more investors are rushing into the presale as they do not want to miss out on the tremendous profit they stand to gain.
Further, the ongoing presale round is nearing its end, and ETFSwap (ETFS) is about to launch a beta version of its platform. So, the road ahead is exciting, and the best way to be a part of the journey is to buy ETFS today in presale without fail!
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
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