Crypto Analyst Shares “Good News” For Solana And Dogecoin As Major SOL Metrics Turn Bullish

Crypto analyst CrediBULL Crypto recently provided some “good news” for and , suggesting that they could soon enjoy a bullish reversal. Meanwhile, the ecosystem is brimming with a bullish outlook, especially with the imminent launch of the decentralized investment platform. 

The moment traditional and crypto investors have been waiting for is almost here, as will soon launch its decentralized application (dApp). The decentralized investment platform will allow these investors to invest in both traditional and crypto assets in one place. ETFSwap (ETFS) will tokenize exchange-traded funds (ETFs) and make them available for on-chain trading.

This will provide crypto investors access to the world of ETFs without them leaving the decentralized world. That way, they can easily diversify their portfolio between crypto and traditional assets. These investors will simply convert their crypto assets to the ETFSwap (ETFS) token, which they will then convert to their preferred ETFs.

Traditional investors can easily gain exposure to crypto assets while performing their ETF transactions in a safer and more secure environment. These investors will enjoy the unparalleled security that blockchain technology provides, meaning they can invest as much funds as they like without fearing their funds being stolen. 

Those investing in ETFs on the ETFSwap (ETFS) will also enjoy unique offerings they can’t find on centralized trading platforms. ETFSwap (ETFS) offers leverage and perpetual trading services, allowing investors to use up to 50x leverage on all their ETF trades while leaving these trades open for as long as they like. 

The investment platform offers 24/7 liquidity for these Real World Assets (RWAs). Therefore, users can buy, sell, and trade their ETFs anytime. ETFSwap (ETFS) is built on the , which boasts unrivalled liquidity in the crypto space. Therefore, users can rest assured that their buy and sell orders will be filled in record time and with minimal slippage. ETFSwap (ETFS), on its own, also offers market-making services, which is further evidence of the ample liquidity on the platform. 

The platform’s know-your-customer (KYC) requirements are also non-mandatory. This eradicates the unnecessary verification processes that investors are accustomed to under centralised trading platforms. It also means that investors can quickly start achieving their investment goals.

CrediBULL Crypto mentioned in an X (formerly Twitter) post that the good news for both Solana (SOL) and Dogecoin (DOGE)  is that they have both hit their respective “make it or break it” levels. He claimed that Solana (SOL) and Dogecoin (DOGE)  hit these levels at the same time when Bitcoin (BTC) hit its range lows. He added that this is “nice to see” as Solana (SOL) and Dogecoin (DOGE) could reverse if reverses from this range low.

Besides Dogecoin (DOGE), certain metrics paint a bullish picture of Solana. One is the funding rates, which have remained steady. from CoinGlass shows that they have been around the 0.01% range for a while now. This is significant as a spike in the funding rate usually suggests that Solana bulls are using excessive leverage to maintain their positions. 

Furthermore, on-chain data shows that investors are still bullish on Solana, which could trigger price surges for the crypto token. from DappRadar shows a spike in the number of new addresses interacting with decentralized applications (dApps) on the Solana network and an uptick in the transaction volume on these dApps in the last 24 hours. This puts it ahead of Dogecoin (DOGE) in terms of bullishness.

Besides ETFSwap’s offerings, there is also an opportunity to benefit massively from the platform by holding its native token, ETFS. Token holders will partake in revenue earned on the platform and can also stake their tokens to earn up to 70% annual percentage yield (APY) on their staked tokens. 

Considering this, there is no reason not to while it sells this cheaply at .