Following XRP’s decline to $0.5, it appears XRP whales are moving capital into a new Dogecoin rival, ETFSwap (ETFS). The price trend on Ripple remains unclear amid the prolonged Ripple and SEC case. Besides, XRP whales are looking to exit that limbo.
Market experts have drawn a pattern of investment diversification from Ripple (XRP) holders over the past few months. However, the recent ETFSwap trend further highlights the new coin’s prospects. It also reveals why ETFS could be a rival to Dogecoin (DOGE).
XRP Whales Consider Alternative Investment Amid Prolonged Court Case
XRP whales appear to be jumping ship to new Dogecoin rival amid recent developments with the Ripple and SEC case. Although the SEC case now seems closer to a conclusion, it has stunted the growth of Ripple since December 2022. As such, the progression of the court case has determined Ripple prices over the past few years.
Recent news reports that the court has ordered Ripple to pay a $125 million fine to the SEC. Crypto enthusiasts believe the ruling to be a win for Ripple compared to the $2 billion the SEC initially requested. However, there’s no confirmation of a settlement yet, and the price of XRP remains on a steady trend.
Experts had previously predicted that a win for Ripple could send XRP prices higher. There has been no exciting price move for Ripple (XRP) amid recent developments on the case. As of this writing, Ripple (XRP) is trading at $0.5636, with stable price action over the past month.
Amid recent market turbulence, XRP whales are pivoting funds to more promising investment opportunities. Recent activity on the new ETFSwap presale suggests that XRP whales may favor the token as an investment option.
ETFSwap (ETFS) Presale Set For Massive Amid Massive Whale Activity
The new ETFSwap platform emerges with a unique DeFi product that has caught the attention of retail and institutional investors. Experts place the new presale token above existing coins like DOGE. That’s a measure of its impressive prospects ahead of the bull run.
ETFSwap presents a new take on ETF investments, both for existing investors and newly interested investors. Leveraging the Ethereum network, ETFSwap will be able to offer crypto-compatible features that are unavailable on centralized platforms. Therefore, the new ETF trading platform combines the best of both worlds and breaks the limits of centralized markets.
With ETFSwap, users will have access to faster ETF settlement outside traditional market trading hours. They can also access swaps between ETFs and crypto, staking and lending, lower trading costs, smart-contract enable features, and more. ETFSwap presents a completely new experience with the ETF market. Moreover, users will be able to diversify their assets across various commodities.
Furthermore, ETFSwap (ETFS) will provide comprehensive trading services for cryptocurrencies and ETF assets. Users will take advantage of the market-making opportunities and futures trading with up to 50x leverage for higher profit margins. More so, users will be able to trade without needing to provide KYC information.
However, the team ETFSwap (ETFS) has completed KYC verification by SolidProof, a reputable blockchain security firm. It assures early investors that they are betting on a verifiable, legit team as they jump on the hype train of this Dogecoin rival.Â
Conclusion
ETFSwap (ETFS) is set to jump past Dogecoin (DOGE) and has caught the attention of XRP whales amid recent market conditions. Experts believe that ETFSwap (ETFS) could be set for a 50,000% price move, and early investors are looking to capitalize on its massive prospects. The new ETF trading platform emerges as a revolutionizing platform for the crypto market and could lead early adopters to success.
Join the presale now at $0.03846 per token before the price increases to $0.03846.
