Dogecoin (Doge) Forms Bullish Inverse Head and Shoulders Pattern, Where Will Shiba Inu (Shib) Be With a $92 Billion Market Cap?

Dogecoin (DOGE) and Shiba Inu (SHIB), the meme coin kings, are flashing bullish signals. Dogecoin’s chart hints at a potential upswing with an inverse head and shoulders pattern. Meanwhile, analysts predict that Shiba Inu could reach new highs if it hits a $92 billion market cap.

Despite these bullish hints, investors are more eager to invest in ETFSwap (ETFS). This new coin is steadily rising and shows greater feasibility of an ascent to the $4 price mark post-launch.

ETFSwap (ETFS): The New Coin Investors Are Choosing Over Dogecoin (DOGE) and Shiba Inu (SHIB)

ETFSwap (ETFS) is a groundbreaking DeFi platform that aims to revolutionize the trading landscape by tokenizing exchange-traded funds (ETFs) and enabling users to trade these assets using cryptocurrencies. The platform’s unique features, such as seamless token swaps and liquidity provision, make it a versatile and high-potential investment opportunity.

ETFSwap (ETFS) offers a diverse range of ETF options, including futures, spots, and commodity ETFs, allowing investors to gain exposure to various asset classes through the flexibility and security of the Ethereum blockchain. One key advantage of the ETFSwap (ETFS) platform is its low transaction fees when compared to traditional exchanges.

As a DeFi platform, ETFSwap (ETFS) leverages blockchain technology to facilitate transparency and security. It achieves this by eliminating the need for KYC verifications, which, in turn, allows users easy accessibility to the benefits the platform is offering.

To further ensure the safety of its investors’ funds and assets, ETFSwap (ETFS) has undergone a rigorous audit by CyberScope, a leading crypto security provider, which found no bugs or vulnerabilities in its smart contracts.

Dogecoin (DOGE) Inverse Head And Shoulders Pattern: Potential Bullish Signal

Despite recent price fluctuations, Dogecoin’s chart displays a promising inverse head and shoulders formation, identified by crypto analyst Benji Hyam on TradingView. This pattern is traditionally considered bullish, suggesting a potential rise in Dogecoin’s value to new annual highs.

The price initiated a breakout around June 5, following the formation of this bullish pattern, but faced resistance and subsequently declined toward $0.16. Maintaining support at the $0.158 level is crucial for Dogecoin to sustain its upward trajectory, as emphasized by the analyst.

Market participants are closely monitoring Dogecoin’s performance surrounding this pattern, with many expecting a continuation of the upward trend if the coin stays above the crucial support level.

Where Will Shiba Inu (SHIB) Be With A $92 Billion Market Cap?

Shiba Inu is poised to reach a new all-time high price of $0.000159 if it achieves a market capitalization of $92 billion, matching the peak valuation secured by Dogecoin. This ambitious target was recently highlighted by media personality and Bitcoin investor Moataz “Eljaboom” Elsayed, who discussed the rate of appreciation required for prominent meme coins to replicate Dogecoin’s historical market capitalization.

Eljaboom’s analysis suggests that Shiba Inu would need to increase its market cap by approximately 600% to reach the $92 billion valuation. Assuming a stable circulating supply of 589 trillion tokens, a $92 billion market cap would translate to an individual SHIB token price of $0.0001561.

This market cap would represent a potential 124% increase from Shiba Inu’s peak valuation of $41 billion, attained in October 2021.

Why You Should Consider ETFSwap (ETFS) Before DOGE And Shiba Inu (SHIB)?

While both Dogecoin and Shiba Inu show potential for growth based on technical indicators and market capitalization targets, ETFSwap (ETFS) is a more attractive investment.

Early investors of the platform have already seen a 200% ROI. Currently in stage 2 of its presale, with each ETFS token priced at $0.01831, analysts project the token to surge by over 40000x to reach the $4 price mark post-launch.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community


Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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