The Shiba Inu team has made efforts to increase its burn rate over the years to increase the price of the meme coin. However, considering the trillions of Shiba Inu tokens in circulation, an expert tells investors that burning won’t bring its price to that of ETFSwap (ETFS). Hence, investing in ETFSwap (ETFS), with only 400 million tokens in circulation, promises more returns than Shiba Inu for investors.
ETFSwap (ETFS) Set To Rise Higher From Its Current Price
As Shiba Inu aims to meet the current price of ETFSwap (ETFS), ETFSwap (ETFS) is gearing up for an astronomic rise in a few months when it launches on significant crypto exchanges. Currently selling at $0.01831, ETFSwap (ETFS) is set to launch between $5 to $10, making it impossible for Shiba Inu to reach its price level. ETFSwap (ETFS) is the token of the ETFSwap trading platform, a DeFi platform for trading exchange-traded funds on the blockchain. This trading platform, which garnered nearly 15,000 registered users, gives its native token a bullish momentum. This is because the platform bridges traditional finance and cryptocurrency by tokenizing real-world ETFs such as agriculture, finance, transportation, and technology.
In addition to the bullish impact of the ETFSwap (ETFS) platform on its native token, the amount of token circulation is another edge over Shiba Inu. While Shiba Inu, despite burning, still has over 500 trillion tokens in circulation, ETFSwap (ETFS) has only 400 million. This limited number of tokens is set to further boost the value of the ETFS token over time. ETFSwap (ETFS) is currently in its second presale stage and has sold nearly 300 million tokens out of the total 400 million allocation. This shows a large accumulation by retail and institutional investors positioning for huge returns upon launch.
The utility of the ETFSwap (ETFS) token, also known as ETFS, is another factor driving its worth when it launches. Experts say the utilities of the ETFS token are so numerous and important. For instance, the token gives both traders and investors exclusive access. Traders can only use the AI trading tools on the ETFSwap (ETFS) platform and get a discount on trading fees when they buy and hold the ETFS token. Investors can only enjoy huge returns, airdrop rewards, voting rights, staking pool & APR rewards when they buy and hold the ETFSwap (ETFS) token.
Shiba Inu: Can Burning Drive Its Price To $0.01?
589.26 trillion Shiba Inu are currently in circulation. According to an expert, Shibburn, a platform dedicated to tracking SHIB token burns, tracked 7.6 million tokens burned in June 2024. More Shiba Inu token burns, totaling millions, have been recorded from June to August.
However, this continuous removal of Shiba Inu in circulation is not bringing the desired scarcity needed to drive the price high because the burned amount is too low. According to Charu Bey, a blockchain engineer, Shiba Inu has a long way to reach $0.01.
The supply needs to drop from 589 trillion to 126 trillion before Shiba Inu reaches $0.01 while currently trading at $0.00001312. With the level at which Shiba Inu is being burnt, it will take many years to burn just 100 trillion. And with 466 trillion tokens to be burnt before the 126 trillion number can be achieved, Shiba Inu’s price can’t level with that of ETFSwap (ETFS).
Conclusion
The Shiba Inu in circulation makes it unrealistic for it to meet the current presale price of ETFSwap (ETFS) at $0.01831, making it impossible for it to get anywhere near $5 to $10, the projected launch price of ETFSwap (ETFS).
Although ETFSwap (ETFS) is a new cryptocurrency, it has been audited by CyberScope, an industry-recognized security company, and the ETFSwap team has been KYC verified by SolidProof, a smart contract auditing company. So, before the token is exhausted, waste no time buying ETFSwap (ETFS) today.
For more information about the ETFS Presale:
Also Read: Chainlink (LINK), Ethereum (ETH), And ETFSwap (ETFS) Set To Dominate The Crypto Bull Run
