Ripple (XRP) In Panic After SEC Appeal, Investors Turn To Promising Competitor

Ripple (XRP) rose to as high as $0.6 following Judge Analisa Torres’ ruling on August 7, which was believed to have put the case between the US Securities and Exchange Commission (SEC) and Ripple to bed. However, that isn’t exactly the case, as the SEC could potentially appeal, which is why investors are turning from Ripple (XRP) to ETFSwap (ETFS).

Ripple’s (XRP) Price Action Reacts To Potential SEC Appeal

Ripple (XRP) continues to struggle and has so far failed to break the resistance at $0.6 as XRP investors panic about the potential appeal from the SEC. The SEC can appeal within 60 days of the ruling’s publication, and this is looking more likely to happen. Legal experts are convinced that the SEC will want to appeal Judge Torres’ ruling that Ripple (XRP) isn’t a security since that sets a bad precedent for the Commission.

A potential appeal from the SEC will significantly affect Ripple’s (XRP) price which is why investors have so far held back on gaining exposure to the crypto token. The SEC’s lawsuit against Ripple had before now been highlighted as the major reason why Ripple (XRP) didn’t experience any major growth in the 2021 bull run.

Investors Are Turning To ETFSwap (ETFS) As A More Promising And Safer Option

Investors are turning to ETFSwap (ETFS) as a more promising and safer option than Ripple (XRP) as the SEC appeal looms. The crypto token is free from any regulatory uncertainty, seeing as the team has put everything in place to ensure that it complies with all regulations before launching the beta version of the ETFSwap investment platform.

ETFS is ETFSwap’s native token, and investors will be able to convert the utility token to tokenized exchange-traded funds (ETFs) on the decentralized finance (DeFi) platform. These tokenized assets are backed by real-world securities purchased from the traditional markets. ETFSwap is also collaborating with Markets in Crypto-Assets Regulation (MiCa) compliant investment banks to offer both ETF and crypto trading.

Considering the measures that the ETFSwap (ETFS) team has put in place to ensure full compliance, analysts are predicting that the ETFS token could easily reach the heights that Ripple (XRP) was projected to reach when it first launched. In line with this, ETFSwap (ETFS) is projected to enjoy up to a 50,000% price gain.

It is worth mentioning that the ETFSwap team has won the full confidence of investors, especially following their certification by SolidProof after an extensive verification process. The audit firm CyberScope has also audited ETFS’ smart contract and found no underlying vulnerabilities.

In addition to these bullish fundamentals, investors have also been going all in on ETFSwap’s (ETFS) ongoing presale because of its extra benefits. Besides being able to use the crypto token to invest in ETFs and several commodities on the ETFSwap platform, investors can also stake their ETFS and earn mouth-watering yields.

Furthermore, ETFSwap (ETFS) holders can provide liquidity for token swaps and earn up to 30% of fees from these swaps. Those invested in ETFS will also enjoy monthly airdrops from the token’s reward pool. The trading platform already announced plans to launch its ETF in 2025 and ETFS holders will get first dibs on this investment opportunity.

Meanwhile, unlike a token like Ripple (XRP), whose supply is heavily concentrated, most of ETFSwap’s (ETFS) supply is allocated to the community. As such, investors can rest assured that no one has the power to manipulate the token’s price and hold it back from enjoying the projected 50,000% gain. The ETFSwap’s team supply of just 6% is also vested for five years.

Conclusion

ETFSwap (ETFS) is undoubtedly a better investment option than Ripple (XRP) considering a SEC appeal is likely to hold the latter back in this bull run. Moreover, ETFSwap’s (ETFS) projected price gain of 50,000% from its current price of $0.01831 means that investors will enjoy 500x returns on their investment, something which Ripple (XRP) can’t provide investors even in the absence of an SEC appeal.

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