Dogecoin Price Prediction: Analyst Says There’s ‘Limited Potential’ Here, Buy This DOGE Killer For 33,000% Return In 4 Months
Some investors have questioned whether the Dogecoin price can replicate its run in the previous two cycles. However, an analyst said it is impossible and that the Dogecoin price has limited potential. Instead, he advised investors to buy the DOGE killer ETFSwap (ETFS), which will give them a 33,000% return in four months.
Why The Dogecoin Price Has Limited Potential
The analyst explained that the Dogecoin price has limited potential because it exhausted most of its bullish momentum in the previous two bull runs. The analyst further stated that because of its current market cap, the Dogecoin price could not experience the gains of over 20,000% that it enjoyed in 2017 and 2021.
The analyst noted that a repeat of this gain of over 20,000% for the Dogecoin price will ultimately give it a market cap that is higher than the broader crypto market, which is almost impossible. CoinMarketCap data shows that DOGE has a circulating supply of 146.46 billion coins.
This means a Dogecoin price gain of 20,000% will give the meme coin a market cap of $4 trillion. As such, this explains why there is limited potential for the Dogecoin price in this market cycle, with the price target of $1 in this bull run more realistic.
The DOGE Killer ETFSwap (ETFS) Has More Potential
The DOGE killer ETFSwap (ETFS) has more potential in this market cycle as analysts say the token will enjoy a 33,000% price gain from its current price of $0.03846. Interestingly, these analysts say that this price rally will happen within four months, providing investors with a 330x return on their investment.
This bullish outlook for ETFSwap (ETFS) stems from its impressive utilities, which is why it is referred to as the DOGE killer. Investors are now opting for utility tokens instead of meme coins. The DOGE killer provides access to the tokenized exchange-traded funds (ETFs) on the ETFSwap platform.
The decentralized finance (DeFi) token also provides access to the crypto assets and other commodities on the trading platform. Thanks to the DOGE killer, investors now have an easier way to gain exposure to all asset classes since they can invest in all these assets on the ETFSwap platform.
Investing in the platform is also straightforward, as there are no Know-Your-Customer (KYC) requirements. Additionally, investors will be able to trade anonymously with zero-knowledge (ZK) proof technology that is set to be integrated into the DeFi platform.
The ETFSwap (ETFS) token also provides access to the other exciting features on the DeFi platform, including the staking feature. Investors will be able to stake their ETFs and crypto assets and earn up to 87% annual percentage yield (APY) on their staked assets. Token holders can also provide liquidity to the liquidity pools and earn some of the fees from token swaps.
Analysts are also confident about ETFSwap’s (ETFS) potential because of its tokenomics. Unlike Dogecoin, the DOGE killer isn’t inflationary, as its total supply is capped at 1 billion ETFS coins. The ETFSwap platform will also implement a buyback and burn mechanism to ensure the DeFi token is deflationary.
Ahead of the ETFSwap (ETFS) beta platform mainnet launch, investors are actively accumulating the DOGE killer. Having seen the impressive demand the token is enjoying, these analysts do not doubt that the 33,0005 price gain in four months is possible. For context, over 41 million ETFS tokens have been sold in the token’s ongoing presale.
Conclusion
The ETFSwap (ETFS) presale is fast selling out, with only about 10% of the tokens allocated to the presale remaining. As such, investors who want to enjoy the 33,000% return like other early investors must hurry and buy some of the tokens rather than focusing on the Dogecoin price, which has limited potential.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
