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Despite the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), many investors are optimistic about the XRP price. The popular belief among investors and crypto analysts is that this regulatory hurdle will not hinder the XRP price from touching $10 by November. Yet, an Ethereum-based token, ETFSwap (ETFS) is also turning heads with its innovative approach to ETF trading.
SEC Legal Challenges May Not Stop The XRP Price From Rallying
Ripple Labs, the developer and promoter of Ripple (XRP), has faced legal battles with the U.S. SEC for years. In a recent lawsuit, the SEC appealed the court's earlier partial victory for Ripple Labs, seeking to overturn some aspects of the ruling that favored the company. This legal tussle has significantly affected the XRP price, with very steep swings and strong uncertainty in price delivery per CoinGecko data.
Amid all of these, the XRP price is predicted to rise dramatically to the incredible $10 mark. With increasing interest from institutional investors in using Ripple (XRP) for cross-border transactions, the value of the XRP price is bound to rally. One institutional investor in Delaware filed for an XRP ETF trust on September 30. Although this may be delayed by the ongoing lawsuit, it is a key indicator that the XRP price has the potential to soar.
Furthermore, the overall market dynamics could give a boost to the XRP price performance. If the broader market conditions improves, the XRP price will also be impacted.
Another token that is poised to rally is ETFSwap (ETFS). Now in the third and final presale stage, more than 52.6 million units have been sold with $5.74 million raised.
ETFSwap’s (ETFS) Next Level Distinctive Features
ETFSwap (ETFS) is redefining the cryptocurrency landscape through its future-proof platform, which is designed to offer unique and distinctive features that set it apart from traditional exchanges. At its core, ETFSwap (ETFS) combines the advantages of decentralized finance (DeFi) with the opportunities present in traditional finance (TradFi). By tokenizing high-value commodities like gold, oil, corn, rubber, and many other valuable assets, ETFSwap (ETFS) facilitates the exposure of their price value without the other concerns associated with owning the actual assets.
Additionally, ETFSwap (ETFS) aids investors’ profit potential by offering access to trading with a margin of up to 50x. This means that traders can hold positions that are exponentially higher than their initial capital, enabling them to achieve returns that are several times higher than they would otherwise be able to. Many investors appreciate this feature by investing more in the platform's native token and referring it to other investors.
Moreover, ETFSwap (ETFS) is highly accessible with a 24/7 uptime. Its accessibility is further emphasized by its cross platform utility. This means that investors can open a trade on a desktop and monitor them on a mobile device while on the go. With such flexibility, ETFSwap (ETFS) continues to capture the hearts of savvy investors.
The launch of ETFSwap's (ETFS) beta phase 1 platform on the testnet is another milestone that gave strength to investor participation in its journey. The beta platform has an efficient backend framework and an intuitive user interface, giving investors an excellent user experience.
Furthermore, ETFSwap (ETFS) made security a major focal point in its structure. Although it uses ERC-20 protocols to complete transactions, the team went further to complete a KYC verification by SolidProof, a smart contract auditing firm. Also, a security audit was conducted by CyberScope, a cybersecurity auditing firm, to identify and eliminate security threats.
Conclusion
Although Ripple Labs continues to navigate its legal challenge with the SEC, the outlook for the XRP price remains bullish. With a potential legal victory and several other factors working together, the XRP price could be propelled toward the $10 mark by November. While some investors wait for this hope, many other savvy investors buy ETFSwap (ETFS) at $0.03846. A 50% discount is redeemable using the "ETFS50" promo code.
For more information about the ETFS Presale:
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
