With less than 15 days left in Uptober, the uncertainty over the XRP price trajectory has led Ripple investors to look for alternative opportunities in the crypto market. Shiba Inu (SHIB) and ETFSwap (ETFS) have emerged as leading contenders, getting the attention of Ripple investors with their potential for 50,000% returns.
ETFSwap (ETFS) Gears Up for Major Price Growth
ETFSwap has made crypto news headlines for its technological innovation and continually growing investments. This new DeFi platform seeks to bring exchange-traded funds to the blockchain. It will use tokenization and MiCa-regulated banks to make sure that legitimate securities back all assets.
ETFSwap will cover a range of ETFs, including Crypto ETFs, Currency ETFs, Index ETFs, its proprietary ETFs, and more.
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By integrating blockchain technology, ETFSwap increases transparency, security, and autonomy in transactions. Thus, it allows ETF investors to easily convert cryptocurrencies into ETFs and vice versa at lower costs. Additionally, due to ETFSwap’s ERC20 standard, the platform will facilitate token swaps, liquidity provision, and staking rewards.
ETFSwap’s unique perpetual trading and market-making features will allow users to trade without worrying about expiration dates. Thus, it will add a new dimension to ETF trading.
ETFSwap will also offer AI-powered tools like the ETF Screener and ETF Tracker to further empower its users. These tools will conduct advanced analyses across large datasets to provide investment recommendations tailored to users’ specific needs.
The Successful Launch of the Beta Platform
Notably, the ETFSwap beta platform was successfully launched on the testnet on October 9. The platform’s core functionalities and user interface have been rigorously tested to ensure a smooth and intuitive user experience.
Moreover, a CyberScope audit confirmed that ETFSwap had no vulnerabilities in its smart contracts and infrastructure. The ETFSwap team also did a KYC audit with SolidProof, indicating a dedication to transparency and security.
The final stage of the ETFS presale has sold more than 28,104,829 tokens. With more than $4,810,000 invested, this platform also drew investments from Ripple investors. ETFS tokens are currently selling at $0.03846, up 350.35% from their initial $0.00854. With the last presale stage close to 40% complete and a CoinMarketCap listing, many industry observers suggest that the strong momentum and impressive technology could see ETFSwap (ETFS) experience significant price growth post-launch.
XRP Price Future Remains Unclear for Ripple Investors
The XRP price slightly picked up after a troubled start to October. According to data from CoinMarketCap, the XRP price was up 1.50% in the last 24 hours. It was trading at $0.5446 at the time of writing.
The long-term weekly XRP price chart shows that the crypto has been trading inside a symmetrical triangle since 2021. Ripple Investors are hoping for a decisive movement soon.
In the shorter-term 12-hour chart, the XRP price outlook appears bearish. The XRP price has slipped below the $0.55 resistance and the middle of an ascending parallel channel. That indicates a potential downside for the rest of October. With additional uncertainty from the SEC’s appeal and Ripple Labs’ cross-appeal, experts suggest Ripple investors may face prolonged price uncertainty. It might extend to 2025.
Shiba Inu (SHIB) to $0.000029?
The Shiba Inu price has seen an increase of 5.15% over the past week and 2.14% in the past 24 hours, according to data from CoinMarketCap. The recent price surge can be attributed to growing speculation about a potential Shiba Inu ETF, which, if launched, could significantly increase the token’s liquidity and market exposure. Additionally, the SHIB token burn rate has seen a significant increase, with over 6.54 million SHIB permanently removed from circulation.
The SHIB 1-day chart shows that the meme coin has breached its 100-day Moving Average, signaling that the bulls have regained control. So, if bullish momentum continues, SHIB could break out above its descending channel. It might aim for a key target of $0.000029.
Conclusion
Given the uncertainty surrounding the XRP price, it’s no surprise that Ripple investors are exploring other cryptocurrencies. SHIB and ETFS both hold the potential for 50,000% returns in a favorable market. It makes them worthy of investors’ attention.
For more information on ETFSwap (ETFS):
