The Dogecoin price is enjoying a good run at the moment, with the foremost meme coin among the top performers. From a technical analysis perspective, the Dogecoin price could be set for a further increase as DOGE’s chart has flashed a major golden cross. The DeFi token ETFSwap (ETFS) is also set to rally 4,333% in eight days.
Dogecoin Price To Rally As DOGE Flashes Major Golden Cross
Crypto analyst TheJW revealed in a TradingView post that the Dogecoin price is on the verge, with DOGE flashing a major golden cross on the charts. This is set to be the Dogecoin price’s first weekly golden cross in nearly four years. The analyst also revealed a golden cross on the daily chart was brewing for DOGE, providing a bullish outlook for the Dogecoin price.
TheJW mentioned that the Dogecoin price needs to hold above the 200-day moving average (MA) until the 50-day MA catches up. If this happens, it will set DOGE up for a massive rally. The accompanying DOGE chart showed that the Dogecoin price could rise to $0.3 in the short term as this golden cross forms. Meanwhile, the analyst suggested that $1 remains a possible target for the Dogecoin price in the long term as the DOGE chart looks bullish.
Analysts Predict That ETFSwap (ETFS) Will Rally 4,333% In Eight Days
Analysts have predicted that ETFSwap (ETFS) will rally 4,333% in eight days from its current price of $0.03846. These analysts assert that this price gain will happen when the ETFSwap beta platform launches on the Ethereum mainnet. The beta platform has launched on the testnet, meaning the mainnet launch will happen soon.
These analysts explained that the ETFSwap (ETFS) token will enjoy massive demand once the beta platform launches, sending its price to $1.7. This demand for the DeFi token will come from investors looking to access the tokenized exchange-traded funds (ETFs) on the ETFSwap platform.
Investors will simply need the DeFi token to access these tokenized ETFs on the ETFSwap (ETFS) platform, which provides a much easier way to invest in traditional markets. The platform also offers crypto assets like DOGE and other commodities like gold and silver, making portfolio diversification more convenient.
Using the DeFi token to invest in these assets on the ETFSwap (ETFS) platform is straightforward, as there are no Know-Your-Customer (KYC) requirements. This means investors can start investing quickly without worrying about the overwhelming customer verification processes that apply to centralized trading platforms.
Investors will also have the opportunity to trade these tokenized ETFs anonymously. ETFSwap (ETFS) will integrate zero-knowledge (ZK) proof technology into the decentralized trading platform, enabling users to trade without revealing their identity or any sensitive information.
The platform also boasts other exciting features and benefits that users can access using the ETFSwap (ETFS). For instance, the DeFi token provides access to exclusive investment opportunities on the platform, including its ETF, which is launching next year. This will enable investors to maximize their profits in this market cycle.
The DeFi token will provide access to artificial intelligence (AI) powered trading tools on the ETFSwap (ETFS) platform, which will also help them maximize their gains during this bull run. These tools analyze several market data, including historical data, trading volume, and market sentiment, and recommend the best ETFs for investors to invest in.
Ahead of the beta platform launch, investors are rushing to buy the ETFSwap (ETFS) DeFi token in its ongoing presale before it sells out. Over 60 million ETFS tokens have been sold and less than 10% of the presale allocation is remaining.
Conclusion
Analysts noted that with ETFSwap (ETFS) set to rally by 4,333% in eight days, the DeFi token offers better returns than the Dogecoin price. As such, investors should hurry and buy some of the remaining tokens before the ETFSwap (ETFS) presale sells out.