As such, altcoin prices have become a focal point for analysts. Shiba Inu (SHIB), ETFSwap (ETFS), and Pepe Coin (PEPE) is being highlighted in altcoin price forecasts, with some projections anticipating a potential 100x increase.

ETFSwap (ETFS) Set To Surge After Market Launch

ETFSwap (ETFS) has captured attention in the crypto space throughout its presale stage, drawing praise for its technological promise and attracting ongoing interest from investors. ETFSwap (ETFS) is designed to bring exchange-traded funds (ETFs) to the blockchain through tokenization. The new DeFi platform will cooperate with MiCa-regulated banks to ensure that its assets are backed by real-world assets from financial markets.

Through its blockchain basis, ETFSwap (ETFS) will augment speed, security, and autonomy in ETF transactions while allowing for DeFi interactions like staking and token swaps. This will also allow the platform to feature a range of ETFs, including Commodity ETFs, Currency ETFs, Factor ETFs, Sustainable ETFs, and more.

Additionally, the ETFSwap (ETFS) platform will include several tools and features to help users maximize their returns. For example, it will offer market-making and perpetual trading services with 24×7 market coverage and margin trading options of up to 10x. The platform will also include AI tools like the ETF Screener and ETF Tracker, which will perform various analyses from large market data sets to provide investment recommendations suited to users’ particular needs.

Notably, stage 3 of the ETFSwap (ETFS) presale is more than 62% done, with around 48,760,000 ETFS tokens sold and close to $5,610,000 raised. The ETFS price has increased by around 350.47%, from $0.00854 to currently selling at $0.03846. Moreover, the ETFSwap beta platform was successfully launched on the testnet on October 9, with its core functionalities and user interface thoroughly tested. The platform’s smart contracts were also audited by CyberScope, and its team KYC was verified by SolidProof.

ETFSwap (ETFS) is considered well-positioned for a potential 100x price increase after its official market debut, driven by its innovative technology and significant investments.

Shiba Inu (SHIB) Shows Bullish Signs

Despite a price decline of 2.91% in the past 24 hours, analysts suggest that some developments point to a rally for Shiba Inu (SHIB). Data from Shibariumscan shows that transactions on Shibarium, Shiba Inu’s layer-2 scaling solution, went from 3,690 on October 17 to 324,590 on October 19. Other metrics, such as active and new accounts, also surged, indicating rising user engagement and adoption.

Another bullish signal is SHIB’s burn rate, which has skyrocketed by nearly 6750% in the past 24 hours. This burn mechanism is critical in reducing token supply, which will potentially drive up SHIB’s value. Additionally, the meme coin sector has been at the forefront of altcoin price gains recently, attracting more investors.

However, despite the bullish signs, SHIB’s exchange netflow has been predominantly positive. This suggests that more investors are moving assets to centralized platforms, which could increase short-term selling pressure.

Pepe Coin (PEPE) Breakout Imminent?

The Pepe Coin (PEPE) price has declined by around 3.80% in the past 24 hours to reach $0.059866. However, the Pepe Coin 30-period moving average is on the verge of falling below the 200-period, and its relative strength index (RSI) is close to hitting a bottom. These indicators often point toward a possible rapid recovery for Pepe Coin (PEPE) in the near future.

Additionally, despite the recent price slide, PEPE’s trading volume remains strong, hovering around $507.60 million at the time of writing. Whales have also been increasing their Pepe Coin (PEPE) holdings recently, leading popular crypto watchers like Whale Insider to suggest that PEPE is close to a breakout, targeting a market cap of $25B.

Conclusion

Despite the fluctuations in altcoin prices, the potential for significant gains remains high. That said, analysts ranking Shiba Inu (SHIB), ETFSwap (ETFS), and Pepe Coin (PEPE) among altcoin prices that can run 100x suggest they require keen monitoring from investors.

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This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.