Ethereum, Dogecoin Lose Gains, But Analyst Says Bitcoin Is Not Done Until $300,000

Ethereum (ETH), Dogecoin (DOGE), and even Bitcoin (BTC) are experiencing significant price declines, mirroring a broader market correction. While some analysts remain optimistic about Bitcoin's long-term potential, predicting a rise to $300,000, the current market climate has many re-evaluating their investment strategies. This has led some analysts to explore safer alternatives, with ETFSwap (ETFS) emerging as the safest bet. 

ETFSwap (ETFS) Emerges As A Potential Alternative During Market Downturn

The emergence of ETFSwap (ETFS) during this state of a broader market decline has ignited hope in investors. This novel DeFi and ETF trading platform aims to mitigate the loss on Ethereum, Dogecoin and Bitcoin (BTC) holders by providing them with access to a broader range of investment opportunities. 

The platform achieves this by facilitating the trading of tokenized Exchange-Traded Funds (ETFs) alongside traditional cryptocurrencies. ETFSwap (ETFS), unlike any trading platform, provides its traders with complete historical information to facilitate their ETF trading and other unique features, including a 50x leverage on the listed ETFs.

ETFSwap (ETFS) also offers features like seamless token swapping, liquidity provision, No KYC, and advanced utility tools like ETF Filter, ETF Tracker, and ETF Search, which enable users to filter, track, and research profitable ETFs of interest before making an investment decision. These features come with a transparent and robust security framework second to none. 

It is no wonder Cyberscope, a leading cryptocurrency security firm, found no vulnerabilities upon audit, boosting investors' confidence and trust. All of these innovative elements make the DeFi platform stand out from other tokens in the crypto space, such as Ethereum, Dogecoin, and Bitcoin (BTC). 

Ethereum (ETH) And Dogecoin (DOGE) See Significant Decline

Ethereum's price has steadily declined since the start of June as it failed to close above its $4,000 mark. Currently, Ethereum is finding support around a 50% retracement level at $3,424, calculated from the swing low of $2,864 on May 13 to a swing high of $3,984 on May 27. 

Moreover, with the recent US CPI news, Ethereum will be triggered to sweep out buy-side liquidity before rallying upside. In such a case, Ethereum could first crash 5% from its current price level of $3,474 to find support at $3,279, the 61.8% Fibonacci retracement level.

On the other hand, the Dogecoin daily time frame chart suggests that Dogecoin's decline began before the broader market downturn. The chart indicates a drop exceeding 7% starting around June 7, pushing the price down from around $0.16 to $0.148. Significantly, this initial 7% drop on June 7 pushed Dogecoin's price below its short moving average and into bearish territory, according to the RSI.

Over the past seven days, Dogecoin (DOGE) and Ethereum have experienced even sharper losses. DOGE is down more than 11% to trade at $0.1425 at the time of writing, while Ethereum is down 7%, trading at $3,497.

Analyst Predicts Bitcoin (BTC) To Rise To As High As $300,000

Although Bitcoin (BTC) has been experiencing volatility, impacting the overall market sentiment, analysts like Dave the Wave have projected that Bitcoin (BTC) will rise to unprecedented heights soon enough. The analyst in an X (formerly Twitter) post said that Bitcoin (BTC) could increase to as high as $300,000 based on his logarithmic growth channel (LGC) indicator. Based on the analyst's chart, Bitcoin's rally to this unprecedented price level is expected to happen sometime in 2025. 

Meanwhile, in the short term, the analyst Dave expects Bitcoin (BTC) to rise above $100,000 later this year. He highlighted an ascending diagonal line, which Bitcoin (BTC) has continued to hold as support even following its recent decline below $67,000. As such, the analyst predicts that Bitcoin (BTC) will continue to rise in a multi-month upward trend as long as it maintains a position above the key support level. 

Conclusion: ETFSwap (ETFS) Gains Will Surpass Ethereum And Dogecoin

With Ethereum, Dogecoin, and Bitcoin (BTC) showing significant declines, ETFSwap (ETFS) has spurred investors' hope with its promise of 40000x ROI. The platform has opened a public presale to ensure traders have easier access to these potential gains. 

Each ETFS token is selling for $0.01831, with an even lower price available when using the promo code ETFS20. However, it is advisable to hurry as the tokens are selling out incredibly fast.

For more information about the ETFS Presale:

Visit ETFSwap Presale

 

Join The ETFSwap Community

 

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.