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XRP price has taken a hit as the SEC files an appeal against the court decision on the ongoing lawsuit. While investors expected an end to the four-year-long court battle, the recent development pose a continuation of the lawsuit and further unpredictable XRP price movements.
In the midst of the chaos, ETFSwap (ETFS) has emerged as the new Ripple (XRP) killer to lead investors to predicted 100x gains over the next month. The new presale token presents some interesting prospects as Ripple (XRP) investors exit their positions in pursuit of bullish movement.
ETFSwap (ETFS) is a new Ethereum-based platform for the decentralized trading of ETF assets. The new underlying token for this platform is expected to beat XRP price predictions amid the uncertainty around the SEC case. Delivering tokenized ETFs on-chain, this new platform opens up new opportunities in the asset class and will drive massive liquidity into the crypto market. These tokenized ETFs will be fully backed by ETF securities trading on the ETF market.
Just as the launch of spot Bitcoin ETFs drove massive bullish movement on BTC, the tokenized ETF assets will drive massive funds into the crypto market, leading to massive value growth on the native token, ETFS. The ETFS token will power fee payments, governance participation, crypto-to-ETF conversions, staking rewards, and access to premium platform features on ETFSwap (ETFS).
Furthermore, the new platform will facilitate faster ETF settlements, lending for liquidity, lower trading costs, passive income from staking, 24/7 market coverage, and no-KYC permissionless trading. Unlike centralized markets, ETFSwap (ETFS) will not require users to provide KYC information before they can trade assets on the new platform.
However, the ETFSwap (ETFS) has passed the KYC audit by SolidProof, a blockchain security firm, which verified project ownership and the identities of the team members. The impressive features set ETFSwap (ETFS) up for success ahead of the incoming listing on top decentralized and centralized exchanges. Experts believe the new presale token is poised for a 100x surge, considering the massive hype on ETF assets and tokenized real-world assets.
ETFSwap (ETFS) is poised to drive the future of trading and surpass XRP price over the coming months. The platform is set for the phase 1 beta launch in the coming days, allowing early adopters to test the platform’s interface and impressive features thoroughly.
The SEC has filed a notice of appeal against Judge Torres’ ruling from July 2023, favoring Ripple by stating that XRP did not meet the requirements to be classified as a security. The SEC had until October 7 to challenge the ruling, and further silence on the matter would have led to the end of a four-year court battle, as several XRP investors had hoped.
However, the filed appeal could mean that the case against Ripple (XRP) could drag on for more years. In reaction to the notice of appeal, the XRP price plunged from $0.65 to $0.51, barely holding support in that price range.
Also, the court had previously recommended a $125 million settlement fine for Ripple (XRP) to be paid to the SEC. Interestingly, the notice of appeal does not rule out the possibility of a settlement, as crypto expert Brett pointed out on X. He states that the SEC has only filed a notice of appeal and not an official appeal, leaving room for settlement before the formal appeal is filed.
As stated, both parties can agree to a settlement during the 14-day period following the notice of appeal, which would cancel the appeal. Investors believe a settlement is a positive outcome for Ripple, which would result in positive XRP price movements for investors.
ETFSwap (ETFS) has emerged as the Ripple (XRP) killer, the coin for investors exiting their positions amid XRP price volatility. The new presale token presents a 100x prospect over the next month and looks even more promising for long-term gains. The ETFSwap (ETFS) presale is still selling at $0.03846 per tok; seize the final opportunity on the last presale stage to buy up the token before
For more information about the ETFS Presale:
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