XRP price has shelved a few levels following the SEC’s filing its Form C in the ongoing case against Ripple. The development has sunk the XRP price by over 10% from its most recent peak at $0.6419. Consequently, XRP investors have commenced an exodus into ETFSwap (ETFS), a presale altcoin priced at $0.03856. Analysts believe the altcoin will soon deliver 130x returns for these investors.
SEC Form C Filing Sinks XRP Price Further, Frustrating Investors
If anyone hoped that the SEC would drop its case against Ripple, their hopes were dashed on October 16. The SEC moved forward with its appeal motion against the July 2023 court ruling in which Judge Analisa Torres ruled that the programmatic sales of the XRP altcoin were not classified as securities.
Meanwhile, the SEC's Form C, which detailed the details of its appeal, notably omitted any mention of the XRP altcoin’s Securities classification. Nevertheless, Ripple CLO Stuart Alderoty projects the timeline for the appeal process to extend till July 2025.
These developments have negatively impacted XRP price. At the time of writing, the XRP price was $0.5452, a 1.25% drop from yesterday, and a 4.20% drop from last month. This has been the trend for XRP price since the SEC vs. Ripple case commenced in December 2020. The XRP price has been stuck at $0.5 since then, with brief breakouts to $0.6. XRP investors have begun investing massively in the ETFSwap (ETFS) altcoin, which is expected to surge 130x soon.
ETFSwap (ETFS) Revolutionizing DeFi With ETF Trading Platform
ETFSwap (ETFS) is a decentralized marketplace for tokenized exchange-traded funds (ETFs). The platform provides a playground for institutional investors and crypto traders to dip into each other’s asset classes and diversify their portfolios. The platform was built on the Ethereum blockchain, so it also allows all users to enjoy such decentralization perks as transparency, robust security, and unrestricted market access.
ETFSwap (ETFS) builds on the secure traits it inherits from its nativity to the Ethereum blockchain and applies several other layers of security to better fortify its infrastructure. This claim was verified when Cyberscope, a leading cybersecurity auditing firm, conducted a thorough audit of the platform to identify major potential vulnerability risks. The auditors found none.
ETFSwap (ETFS) caters to its users with a suite of tools powered by artificial intelligence, positioning itself as a leader in the crypto-AI revolution. The AI-driven ETF Tracker, for example, uses artificial intelligence algorithms to analyze huge amounts of market and price data. The tool looks out for trends and patterns and uses these to form valuable insights that inform users’ investment decisions.
ETFSwap (ETFS) also uses an advanced market-making algorithm to take care of the trading operations behind the scenes. The algorithm tightens spreads and minimizes slippage to the barest so all buy and sell orders will be taken at the best possible prices. This helps traders keep optimal liquidity at all tiems.
ETFSwap (ETFS) will also launch with other attractive features such as access to advanced perpetuals so users can profit by longing and shorting crypto futures and options with up to 50x profit multiplying power. Users will also be able to swap their crypto for ETFs, stake ETFs, and trade their crypto in the Fully DeFi Mode.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
ETFSwap (ETFS) Token To Deliver 130x Returns For Investors
ETFSwap’s (ETFS) native altcoin is set to become a top 10 cryptocurrency with its predicted 130x returns. Investors who are interested in positioning themselves to enjoy the surge when it happens must buy the altcoin soon before its presale concludes in a few days. The presale allows them to buy ETFSwap (ETFS) tokens at the discounted price of $0.03846 and use the 50% bonus promo to accumulate more tokens for maximum gains.
For more information about the ETFS Presale:
