The crypto world has been monitoring the ongoing legal battles between the U.S. Securities and Exchange Commission (SEC) and Ripple (XRP). Amid this intense legal battle that has lasted for quite some time, a renowned crypto millionaire investor has predicted that a newcomer, ETFSwap (ETFS), could surpass Ripple (XRP) and reach the $3 mark sooner than expected.
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ETFSwap (ETFS) To Outpace Ripple (XRP) And Hit $3 Mark
In the midst of this legal tug-of-war between the SEC and Ripple (XRP), the rise of ETFSwap (ETFS) has caught the attention of a crypto millionaire investor who strongly believes that the native token of ETFSwap (ETFS) will reach the $3 mark before Ripple (XRP).
As investors seek out innovative projects that offer substantial returns, ETFSwap (ETFS) tops the list with its DeFi platform, hosting tokenized exchange-traded funds (ETF) that allow investors diversify their portfolios across different asset classes including agriculture, healthcare, transportation, real estate, and more.
As the SEC and Ripple appeal continue to unfold, ETFSwap (ETFS) has attracted both retail and institutional investors as it gives them access to leveraged ETFs, cryptocurrency ETFs, fixed-income ETFs, commodity ETFs, etc.
Interestingly, these ETFs carry a 10x leverage feature that allows investors to make gains of up to 1,000%. Also, with ETFSwap’s 50x leverage feature, investors can multiply their gains by a significant 5,000%.
One outstanding feature of the ETFSwap (ETFS) platform is its integration of advanced AI-powered tools that enable its users to mitigate risks in the volatile crypto market. The ETF Tracker, ETF Screener, and ETF Finder are responsible for highlighting the most profitable ETF investments based on past performances and present market conditions. Also, with up to 87% annual percentage yields (APY), ETFSwap (ETFS) ensures rewards for investors that stake their tokens.
In reference to the SEC’s lawsuit against Ripple, which alleges that XRP is an unregistered security, the ETFSwap (ETFS) platform prioritizes the security of its users and has completed its KYC verification process with SolidProof, a renowned cybersecurity and blockchain audit firm known for protecting financial institutions against malicious activities.
However, with ETFSwap’s zero-knowledge (ZK) approach, users can join the platform without the stress of KYC verifications while protecting their anonymity and saving time.
Additionally, ETFSwap (ETFS) integrates with Mica-compliant institutions that trade securities and crypto markets, while maintaining its decentralized nature and eliminating the interference of bank intermediaries or regulated bodies.
The SEC VS Ripple Appeal
In 2020, the U.S. SEC filed a legal action against Ripple Labs Inc. and two of its executives, who are also significant security holders. The SEC alleges that Ripple raised over $1.3 billion through an unregistered digital asset securities offering.
Based on the press release from the SEC, the complaint alleges that in 2013, Ripple raised funds through the sale of a particular digital asset known as XRP through an unregistered security offering to worldwide investors. Also, Ripple allegedly distributed XRP tokens in exchange for labor and market-making services.
With no updates from the SEC or Ripple regarding any plans to appeal against rulings delivered by Judge Torres in the SEC vs. Ripple case, there remains speculation about the SEC’s next move. However, the Chief Legal Officer of Ripple, Stuart Aldetory, asserted that the SEC cannot overturn the programmatic sales and XRP’s status as a non-security.
According to data from CoinGecko, Ripple’s XRP has a market cap of $33 billion and is trading within the range of $0.5754 to $0.6134. Over the past two weeks, XRP has seen a 20% increase in price, with bullish sentiments from its investors for the altcoin to reach the $3 mark.
Join The ETFSwap Presale
ETFSwap (ETFS) is currently carrying out its ICO, with ETFS tokens going for as low as $0.01831 each. Only a few weeks into its ongoing presale, ETFSwap (ETFS) has raised $3.2 million, with over 112 million tokens sold. Smart investors who believe in the long-term growth potential of ETFSwap are buying ETFS tokens now with early gains in sight as the token price is set to increase by 200% in the next stage of the presale.
For more information about the ETFS Presale
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