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Cryptocurrency News Articles

As the crypto market races towards another bull cycle, market experts have made bullish speculations on Ripple (XRP) and a DeFi token, ETFSwap (ETFS)

Nov 07, 2024 at 11:00 am

This article focuses on analyst XRP price prediction and why ETFSwap (ETFS) is primed to surpass Ripple (XRP).

As the crypto market races towards another bull cycle, market experts have made bullish speculations on Ripple (XRP) and a DeFi token, ETFSwap (ETFS)

As the crypto market booms with another bull cycle, market experts have made bullish speculations on Ripple (XRP) and a DeFi token, ETFSwap (ETFS). However, crypto analysts are confident that ETFS will outperform XRP as the XRP price struggles once again to reach its all-time high. This article focuses on analyst XRP price prediction and why ETFS is primed to surpass Ripple (XRP).

Will XRP Price Breakout Soon?

Ripple (XRP) has yet to catch the bullish wave in the crypto market as XRP price continues to trade in the red zone with about a 4% weekly dip. Many in the crypto market are pinning the lack of momentum on the ongoing legal battle between Ripple (XRP) and the United States Security and Exchange Commission (SEC).

However, some crypto analysts have maintained their bullish stance on XRP price, speculating a bullish surge for Ripple (XRP). One such analyst, identified as EGRAG CRYPTO in an X (formerly Twitter) post, speculates a surge to $7.50 for XRP price before the year runs out.

However, the analyst added that Ripple (XRP) could only see such a high if the XRP price soon crosses the $0.59 resistance level. Another analyst, Dark Defender, revealed that XRP price always skyrockets in value whenever Bitcoin (BTC) drops.

Ripple’s (XRP) price performance between 2017 and 2021. According to CoinGecko, the XRP price has slipped below $0.52 and ranks 7th in the crypto market.

ETFS Prepares To Outpace XRP With Massive Presale

Despite analysts’ bullish speculation on XRP price, Ripple (XRP) remains unstable, making XRP investors shift investments into ETFS presale. In this presale, ETFS offers its DeFi token at a low price of $0.05769 per coin. Everyone who buys it now increases their chances of making up to 200x yield on their investments, as experts speculate that the DeFi token will soon surge to the $3 mark.

No doubt assurance of profit is enough to motivate investors to pitch their tents with ETFS. However, there is more as ETFS allows users to invest in tokenized ETFs

Since Exchange-traded funds allow individuals to invest in various assets, tokenized ETFS simplify the process by bringing it on-chain. Being on-chain also makes it possible for users to track the progress and performance of their assets with real-time blockchain data, helping them stay informed as they make their investments.

ETFS also features a Web3 marketplace designed to simplify trading tokenized ETFS for experts and newbies with little or no knowledge about trading.

Traders would also benefit from the opportunity to extend their profit position by over 50x on the platform derivative trading arm. Users can also amplify their portfolio through the fractional ownership feature on the network.

In addition, as a decentralized platform, ETFS does not require new users to fill out Know Your Customer (KYC) forms, allowing them to sign up and start trading in a few minutes. Also, the elimination of KYC verification protects each user from disseminating sensitive information that hackers can exploit online.

At the core of ETFS is its DeFi token ETFS, which powers the network and serves the purpose of governance and utility. Therefore, only users who hold the DeFi token can access all the features on the network, including trading tokenized ETFS. In addition, users who hold the DeFi token will gain access to perks like staking rewards and bonuses and exclusive access to all new ETF listings on the platform.

Conclusion

As Ripple (XRP) gears for another bull run that will take XRP price to new highs, crypto analysts have pointed to a DeFi token as the asset to make the next crypto millionaires. Thus, investors from several regions, including XRP investors, rush to buy it in presale. Also, recently, ETFS announced the launch of phase 1 of its beta platform, enabling users to get a peek at its features. No doubt, the only way from here for this DeFi token is up. So buy ETFS today without delay!

For more information about the ETFS Presale:

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Other articles published on Nov 07, 2024