The crypto world is buzzing as the ETFSwap (ETFS) tokens embark on a remarkable 150x rally fueled by its robust technological foundation and forward
Cryptocurrency prices are rallying again on Monday morning as investors prepare for the launch of several new exchange-traded funds (ETFs) that will track the performance of various digital assets.
Two cryptocurrencies that stand to benefit significantly from the approval of their ETFs are Solana (SOL) and Ripple (XRP). Both tokens are expected to see a massive surge in demand as investors pile into the ETFs, driving their prices up sharply.
One cryptocurrency that is hoping to capitalize on the approval of its ETF is Solana (SOL). The SEC gave the go-ahead for a second Solana exchange-traded fund (ETF) in August, and now Solana (SOL) will cross fingers for approval of its ETF by the US. Earlier this year, the SEC received an application from the Solana Foundation for a blockchain ETF.
Currently trading at $152, the price of Solana (SOL) is set to skyrocket 1,000% as more people want Solana (SOL). However, the ETF tokenization platform, ETFSwap, and its native ETFS coin will benefit the most from the different crypto ETFs’ liquidity.
Another cryptocurrency that is expected to benefit from the approval of its ETF is Ripple (XRP). Despite being a top 5 cryptocurrency by market capitalization, the price of XRP has not reflected its status in the past four years due to the ongoing legal battle between Ripple and the SEC over XRP’s status as a security.
However, Ripple has recently been in the spotlight again as Grayscale launches an XRP Trust, putting XRP back in the headlines. Now, with the possibility of a full Ripple ETF on the horizon, XRP could finally regain its value and see its price surge 1,000% past its all-time high.
Currently trading at $0.58, crypto investors will be watching closely to see if XRP can break through 0.65 as a sign of a pump to $1.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.