Recently, the crypto market has been booming, with Bitcoin (BTC) briefly soaring above $71,000. However, some altcoins, like Ripple’s XRP, have not caught the green wave as XRP price showed a weekly 4% decline. This poor XRP price performance could be linked to the renewed sense of uncertainty triggered by the prolonged lawsuit between Ripple and the SEC. In this light, investors have begun jumping ships to a better altcoin called ETFSwap (ETFS), which promises a profit of up to 1000x.
Ripple’s Legal Struggles Impact XRP Price Growth
XRP is projected to outperform ETH and BTC soon, with predictions suggesting it could soar to around $120, representing a staggering 20,589% increase. This optimism remains strong even amid Ripple’s ongoing legal struggles since 2020. Recent legal victories for Ripple are believed to potentially drive significant growth in XRP’s value. On October 29, XRP price reached a new weekly high of $0.53, gaining 7.4% over a dramatic four-day rally.
This week, increased Ripple network usage following the launch of the RLUSD stablecoin has prompted traders to adopt more bullish positions. If this positive trend in Ripple’s network activity continues, the 7.44% price recovery observed on October 29 could escalate into double digits in the coming days, moving XRP price towards the $0.57 level.
Technical indicators on the Ripple’s XRP/USD daily chart show that Bollinger Bands suggest a tightening trading range, with XRP price currently testing the middle band at $0.5323. This $0.53 resistance aligns with the 20-day moving average, and if breached, it could pave the way for a significant XRP price breakout towards the next psychological level of $0.57.
ETFSwap (ETFS): A 1000x Profit Potential Altcoin Revolutionising ETF Trading
As Ripple’s ongoing battle keeps XRP’s price stagnant, ETFSwap (ETFS) has emerged to help investors counter potential losses with its 1000x profit potential. ETFSwap (ETFS) is a groundbreaking DeFi altcoin project that goes beyond typical altcoin trading, blending traditional finance with decentralised technology.
ETFSwap (ETFS) allows users to buy and sell ETFs from sectors like technology, healthcare, and commodities and trade them with cryptocurrencies and real-world assets like Gold. Since the ETFSwap (ETFS) prioritises users interest, the trading platform has made its entry process easy and its user interface very operable. To be precise, the platform has employed a non-KYC verification strategy, eliminating traditional banking interference.
This feature grants both small and medium traders privacy and autonomy over their funds. Not only will users be able to trade ETFs easily, they can also trade them using perpetual trading with up to 50x long and short options. This provides traders with risk coverage, enhancing their potential gains through the flexibility and innovation of DeFi features. Traders can also open and close trades anytime and customise their trading strategies how they see fit.
Leveraging blockchain technology, the ETFSwap (ETFS) altcoin provides transparent, secure, and decentralised trading. The altcoin has undergone stringent KYC verification by the renowned SolidProof and its entire ecosystem, as well as an audit from CyberScope. Recently, the altcoin ETFSwap (ETFS) deployed its beta platform on Tesnet.
With so much to offer, its perpetual trading system and AI-powered ETF tools are the main features that have captured users’ interest. With backend development already complete after a series of UI testing, phase 2 of the ETFSwap (ETFS) beta platform will introduce AI-powered trading tools like ETF screeners and trackers to help users with market analysis and smart trading decisions.
Conclusion
As XRP price grapples with stagnation amidst Ripple’s legal hurdles, ETFSwap (ETFS) emerges as a promising altcoin for investors seeking significant returns. With its native utility token scheduled to launch on major exchanges, analysts expect a bullish run. When that happens, investors who buy the ETFS token now while it’s still selling for $0.05769 at the bonus and final stage are set to make up to 1000x gains.
For more information about the ETFS Presale:
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