|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
XRP ETF May Spark Price Surge for XRP and ETFSwap (ETFS)
Oct 15, 2024 at 08:00 pm
Analysts predict that the XRP ETF will spark a surge in the XRP price. These analysts also stated that the Ethereum token ETFSwap (ETFS) will benefit
The approval of an XRP exchange-traded fund (ETF) in the United States could lead to a surge in the price of XRP and also benefit the price of the Ethereum token ETFSwap (ETFS), according to analysts.
The XRP ETF, which has been applied for by Bitwise and Canary Capital, will attract institutional capital into the XRP ecosystem and could drive up the price of XRP.
According to the analysts, the Spot Bitcoin ETFs, which were approved earlier this year, helped Bitcoin (BTC) reach a new all-time high (ATH) earlier in March.
With this in mind, the analysts predicted that an XRP ETF would lead to a new ATH for the XRP price. An XRP ETF would be a welcome development for the XRP price, which has lagged behind other major cryptos in the current market cycle.
XRP ETF could also spark a price rally for ETFSwap (ETFS)
The XRP ETF will also trigger a price rally for the Ethereum token ETFSwap (ETFS), which is currently trading at $0.03846, the analysts added.
However, the price surge for the Ethereum token will be greater than that for XRP, with the analysts predicting that ETFS could enjoy an increase of up to 5,000%.
The bullish prediction for ETFSwap (ETFS) is due to the fact that the XRP ETF will be tokenized on ETFSwap (ETFS) upon launch.
This means that the millions of dollars invested in the fund will flow through ETFS, as investors will need the Ethereum token to access the XRP ETF on the decentralized finance (DeFi) platform.
Investors will simply swap the ETFSwap (ETFS) token for the XRP ETF on the ETFSwap platform.
The analysts are confident that the majority of the inflows into the XRP ETF will pass through ETFS, which is set to become the go-to platform for trading ETFs once its beta platform goes live.
There are no Know-Your-Customer (KYC) requirements on ETFSwap, which means investors can begin investing quickly. It also offers 24/7 market coverage, allowing users to buy, sell, and trade their ETFs at any time.
This means investors can also benefit from the price gains that these ETFs may record after traditional trading hours.
Furthermore, the platform will allow users to trade anonymously, as it will integrate zero-knowledge (ZK) proof technology. This means that users can trade without revealing their identity or any of their sensitive information.
Meanwhile, investors will also be able to stake their ETFs, including the XRP ETF if it is eventually approved.
The staking feature also extends to crypto assets on the ETFSwap (ETFS) platform, including the platform’s native ETFS token.
Those who stake the Ethereum token can earn up to 87% annual percentage yield (APY) on their staked tokens.
It is also worth noting that investors will need the Ethereum token to access and invest in cryptocurrencies on the trading platform.
The ETFSwap (ETFS) team has announced that the wait for the ETFSwap beta platform is almost over. The platform has already gone live on the Ethereum testnet, and the team is working to implement the necessary changes so users can get the best user experience.
Once the platform goes live, investors will be able to buy their favorite ETFs using the Ethereum token. They will also have access to the liquidity pools for token swaps and can provide liquidity, earning up to 30% of fees made from token swaps.
Conclusion
With analysts predicting that ETFSwap (ETFS) could rally by 5,000% following the approval of an XRP ETF, investors may be able to earn more by investing in the Ethereum token than betting on the XRP price.
Therefore, now is the best time to prepare for this imminent price surge by acquiring as many ETFSwap (ETFS) tokens as possible in its ongoing presale.
The post XRP Price to Benefit From XRP ETF, Trigger Price Rally for ETFSwap (ETFS) – Analysis appeared first on Coin News.
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.
-
- Which Altcoin Is Set for Big Gains This October? Kaspa (KAS), Solana (SOL), or JetBolt (JBOLT)?
- Oct 16, 2024 at 12:20 am
- As we progress through October, many crypto enthusiasts are eagerly watching to see which altcoin is set for big gains. Could Kaspa (KAS) recover from its 23.3% drop last month? Will Solana (SOL) be able to sustain a steady pace amid criticisms? Or is JetBolt (JBOLT) set to be the next big thing with its stellar performance, having sold over 40 million tokens after only being in presale since August 2024?
-
- Ethereum (ETH) Welcomes Uniswap Chain To Improve Decentralization, Polygon (POL) Rebrand Disappoints As Holders Buy The Dip, Rollblock (RBLK) Bringing Transparency To The Gaming Masses With Blockchain Guarantees
- Oct 16, 2024 at 12:20 am
- Ethereum has outperformed Bitcoin during the last day of trading, as it is up 1.7% to reach $2.4k. Ethereum held up remarkably well during the recent Bitcoin dip
-
- Crypto Whales Target New Altcoin JetBolt (JBOLT) as Solana (SOL), Ethereum (ETH), and Dogecoin (DOGE) Experience Price Swings
- Oct 16, 2024 at 12:20 am
- Billionaires have earned massive gains from buying Solana, Ethereum, and Dogecoin at the height of their early days. As these once-crypto giants experience price swings and mixed market sentiments today, a new player rises as the next big coin and target of whales: JetBolt (JBOLT).
-
- Bonk (BONK) Whales Are Betting Big on Mpeppe (MPEPE) Ahead of Bitmart Listing
- Oct 16, 2024 at 12:20 am
- Mpeppe (MPEPE) combines sports fandom, AI technology, and decentralized gambling into a single platform. This innovative approach has attracted a loyal community and raised over $3.19 million in its presale.
-
- DTX Exchange (DTX): The Next Big Thing?
- Oct 16, 2024 at 12:20 am
- DTX Exchange (DTX), listed among the most promising altcoins on the investment block, is an exchange-based cryptocurrency. That isn't all: it is set to make its mark in the crypto scene and the wider financial market, given its blend of TradFi and DeFi.