XRP Price Is In Danger As Traders Abandon Ripple To Buy ETFSwap (ETFS) At $0.03846
Ripple appears to be in a fresh legal battle following a surprise appeal by the US SEC. With the SEC targeting new perspectives in an upcoming legal battle against Ripple, traders abandon Ripple as uncertainty looms. They are now buying the ETFSwap (ETFS) token, which sells at $0.05769, as its listing on major crypto exchanges is just a few weeks away.
ETFSwap (ETFS) Sees Increase Buying As Presale Enters Tail End
With Ripple looking shaky once again, traders have joined the ETFSwap (ETFS) token presale as it gets closer to its listing on the crypto market. Every recent event and metric points to the ETFSwap (ETFS) token listing soon and a subsequent massive rise. For instance, the ETFSwap (ETFS) token was recently listed on Coinmarketcap. Also, its presale is about to end, and according to the schedule, the token is set to list on Binance immediately after the last stage of the presale. As traders anticipate this listing, the majority of the crypto community looks forward to a much bigger launch — the launch of the ETFSwap (ETFS) DeFi trading platform. According to analysts, the official launch of this ETFSwap (ETFS) DeFi trading platform will send the list price of its native token to $4 from its current price of $0.05769.
One of the main reasons for the huge anticipation for the ETFSwap (ETFS) DeFi platform is that many users have been testing its features on Testnet. The ETFSwap (ETFS) DeFi trading platform is one of the biggest crypto financial innovations in 2024, and its official launch will bridge the gap between traditional finance and cryptocurrency. The DeFi platform tokenizes real-world ETFs in sectors like transportation, technology, oil & gas, oil & gas, etc, so they can be traded on the blockchain smoothly without going through traditional banks or brokers. One of its key features is the perpetual trading system with up to 50x long and short options to allow traders to get the highest profits when trading these tokenized ETFs. Its AI trading tools also stand out as they allow traders to make informed decisions by providing ETF market analysis and other forms of accurate predictive analysis.
By holding the native token of this DeFi platform, traders enjoy discounts on transaction fees. Not only that, they can stake the ETFS token to get up to 36% returns. The ETFSwap (ETFS) token gives up to 87% returns on APR yield and airdrop rewards. Additionally, the token allows holders to enjoy free use of the ETFSwap (ETFS) AI trading tools, voting rights, and more. With ETFSwap (ETFS) cryptocurrency already audited by CyberScope, an industry-recognized security company, its platform launch and listing are set to be the highlight of the crypto market in 2024.
Ripple Fresh Litigation Scares Traders And Investors
The XRP price was just starting to find stability when the US SEC hit Ripple with fresh filings. This appeal against Ripple tackles several decisions made during the last legal action. XRP price has since declined following this turn of events. Traders fear that XRP price may struggle in the coming months and are now targeting other investments, such as ETFSwap (ETFS), which launches soon.
As XRP price registers a decline, it has failed to join the recent upswing in the crypto market championed by Bitcoin (BTC). A shift in the funding rate is another reason for the decline in XRP prices. Traders are adjusting their position as the XRP price changes direction, leading to a reduced funding rate, which might affect the Ripple performance in the coming days.
Conclusion
As Ripple sentiments turn bearish following the latest legal developments, traders are buying ETFSwap (ETFS) to position for its rise to $4 from $0.05769. Before the presale ends in a few days, buy the ETFS token now!
For more information about the ETFS Presale:
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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.
