Crypto Analyst Turn Bearish On XRP Price, Predict 50,000x Rally For ETFSwap (ETFS) At $0.03846
The crypto market recently experienced a brief relief, with several top assets trading in the green. However, the reverse was the case for the XRP price, as its ongoing court battle hindered the XRP price from gaining any significant momentum, prompting crypto analysts to be bearish on the token. While the crypto analysts were bearish on XRP price, they were bullish on an ETF token ETFSwap (ETFS), predicting a 50,000x surge for it in its ongoing presale. This article discusses these latest developments in detail.
ETFSwap (ETFS) Prepares For 50,000x Rally Amidst Presale
ETFSwap (ETFS) is a crypto ETF trading platform that emerges into the crypto scene as crypto-related ETFs gain solid footing in the market. Unlike other crypto ETF trading platforms, ETFSwap (ETFS) introduces a unique style by blending traditional and decentralized finance with tokenization of assets.
Thus, ETFSwap (ETFS) offers a tokenized version of ETFs on the blockchain, allowing everyone in the crypto community to access this type of investment. Since they combine both worlds, the tokenized ETFs will feature traditional assets like stocks, bonds, and precious metals. Its DeFi part, however, will make it possible to track each asset with real-time blockchain data, enabling users to make well-informed decisions when trading.
ETFSwap (ETFS) also provides users with a Web3 marketplace with unlimited liquidity and advanced AI-powered tools capable of predictive analysis. In a recent announcement, the ETFSwap team unveiled phase 1 of its beta platform, allowing all users to test its sleek features. After thorough UI testing, the ETFSwap team has deployed the beta platform on a test net, where it is undergoing rigorous testing. Once fully launched, users can stake tokens for rewards, access liquidity pools, and buy and sell ETFs.
The beta platform will also feature a live ETF price tracker, which will help keep buyers and sellers updated before making investment decisions. No doubt, whats in store is quite exciting. However, to gain access to all these features, users need to purchase the platforms native token, ETFS. The only way to acquire the token is through the platforms ongoing presale event. In this presale, everyone can purchase ETFS at a low price of $0.03846 per coin. Once the presale ends, the window to buy at this low price will close; therefore, investors from all regions are rushing to buy ETFS now.
Ripple (XRP) Investors In Turmoil As XRP Price Shows Weakness
According to crypto analysts, Ripples (XRP) price has consolidated around the $0.53 range for four days in a row after breaking below its ascending trend line last week. Ripples (XRP) price also failed to cross its daily resistance on October 7, 2024. Moreover, on-chain data shows a spike in Ripple (XRP) NPL metric and a decrease in its daily trading volume, suggesting a strong bearish sentiment and an imminent decline in XRP price. In technical analysis, NPL, known as network realized profit and loss, measures market pain. Therefore, a spike in the NPL metric suggests a bearish takeover as holders sell their coins for profit.
Further, analysts analysis of Ripples (XRP) daily chart on October 2 shows that its MACD is signaling a bearish crossover, indicating the bears are in control. Also, Ripple (XRP) closed below its 200-day EMA at $0.554; according to analysts, if that price level acts as resistance for XRP price, then Ripple (XRP) could see an 18% dip to a low of $0.431. However, if Ripples (XRP) price can break above the $0.554 level, the bearish thesis would be invalidated. According to CoinGecko, Ripples (XRP) price currently hovers around the $0.52 mark and ranks 7th in the crypto market.
Conclusion
As many more people rush to bag ETFSwap (ETFS), crypto experts speculate that the token will soon see a 50,000x surge, giving all early investors massive yield on their investments. As uncertainty looms over the XRP price due to bearish predictions from analysts, XRP investors are not left out in bagging ETFS. So what are you waiting for? Dont miss out: Buy ETFS today.
For more information about the ETFS Presale:
Text source: TronWeekly
