The markets are always buzzing with predictions, and the latest one is turning heads. Dogecoin price, a fan favourite, is expected to rally to $1 before December. Shiba Inu (SHIB), however, could shoot up to $0.0005. But perhaps the most shocking of them all is ETFSwap (ETFS), an Ethereum token, which could rise from $0.03846 To $35. 

ETFSwap (ETFS) Shows Promising Signs Of Long-term Prospects And Sustainability

The core feature of ETFSwap (ETFS) lies in its ability to tokenize Spot ETFs. By tokenizing real-world assets, including gold, oil, and corn, ETFSwap (ETFS) taps into the massive ETF market and serves as a bridge linking both traditional ETFs and cryptocurrency-focused ETFs. This, in turn, removes the need of intermediaries while promoting flexibility and accessibility of Spot ETFs. 

ETFSwap (ETFS) provides its users with low transaction costs. In contrast to traditional platforms, the platform allows large-scale investors, including Shiba Inu investors and institutional investors, to contribute to its liquidity pools. By tapping into the liquidity pools, the platform provides users access to high liquidity for trading tokenized ETFs, thereby allowing trades during periods of high volatility. 

ETFSwap (ETFS) allows marginal capital trading for ETFs, enabling users to have access and exposure to an underlying asset without having to directly purchase the asset. This potentially offers traders the ability to maximise both potential returns and risks by borrowing against their existing holdings, which can be highly attractive for investors looking to capitalise in short-term volatility in the marketplace. 

A significant step in ETFSwap’s (ETFS) journey is its beta platform. After complete development on the backend of the ETF trading platform, the beta platform has been launched on the testnet, presenting an opportunity for early adopters to test the functionalities and features of the platform before a full ETF launch in 2025. 

Furthermore, ETFSwap (ETFS) improves trust and safety for users. To do this, thorough audits were conducted on the platform by Cyberscope, a cybersecurity auditing firm, allowing developers to identify and address weaknesses before they are exploited. In addition, the platform’s team has completed KYC verification by SolidProof, a smart contract security auditing firm. 

Dogecoin Price Moves From Meme Coin To Market Powerhouse

Initially, the Dogecoin price gained traction in small online communities, but with significant investors’ attention in 2020 and 2021, Dogecoin ranks among the leading cryptocurrencies with a market capitalization of $16.5 billion. After experiencing massive growth in 2021 at around $0.75, the Dogecoin price has since declined to a current value of $0.11. 

Despite the correction in the Dogecoin price, its historical support around $0.05 represents a psychological and institutional floor for more buying activity. As such, if the Dogecoin price breaks the resistance zone of $0.10 to $0.15, it could lead to a bullish wave with the Dogecoin price peaking at $1. 

Shiba Inu’s (SHIB) Rise Could Capture The Crypto World

Like the Dogecoin price, Shiba Inu (SHIB) is often driven by social media buzz and whale activity. Shiba Inu’s (SHIB) price is typically volatile, and corrections usually follow upward surges. According to CoinGecko, the price of Shiba Inu (SHIB) is currently at $0.00001803. Hence, the common resistance zone for Shiba Inu (SHIB) is around $0.000015. 

In the first quarter of 2024, Shiba Inu (SHIB) broke past the resistance level and if the bullish momentum continues, the price could reach a peak target of $0.0005. 

ETFSwap (ETFS) Will Shock The Financial Market

After selling millions of units per presale stage and employing the crypto industry’s market capitalization of about $2.36 trillion and the ETF market’s of $11.5 trillion, ETFSwap’s (ETFS) token will become one of the first tokens to make an unprecedented rally in the financial sector. 

The token’s value lies in the decentralisation of its platform and the extensive utility it offers. Currently, the token sells at a discounted rate of $0.03846 but is expected to reach the target of $35. Thus, investors can still participate in the final presale stage before its conclusion. 

For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community

Ripple’s CEO Brad Garlinghouse recently commented on developments in the crypto space, including the imminent RLUSD launch, the XRP ETFs, and whether the US SEC will likely block these applications. The Ripple CEO also discussed crypto regulations in the US and what could change depending on who gets elected in the upcoming US elections.

Brad Garinghouse Comments On RLUSD Stablecoin

Garlinghouse stated during an interview on the Thinking Crypto podcast that the RLUSD stablecoin forms a puzzle piece of what his firm is trying to achieve with its payments service. He revealed how stablecoin transactions formed a major part of their business model, which led to them being among the primary users of the USDT and USDC stablecoins.

Therefore, Ripple saw an opportunity to enter the stablecoin market, considering the amount of activity they witnessed with their stablecoin use. Brad Garlinghouse added that their entrance into the market isn’t about competing but simply growing it. The Ripple CEO remarked that the RLUSD launch will bring more liquidity to the XRP ledger (XRPL), benefiting everyone in the XRP ecosystem.

Regarding how they will use RLUSD on their On-Demand Liquidity (ODL) rails, Garlinghouse mentioned that nothing will change, as it will be similar to how they use USDT and USDC for their payment solution. He noted that they are more focused on how the stablecoin launch could benefit the XRP ecosystem, especially in decentralized finance (DeFi).

Ripple recently revealed major updates concerning the RLUSD launch, including the announcement that Uphold, Bitso, and Bitstamp will be exchange partners. Although the firm has yet to give a particular launch date, it will likely roll out the stablecoin anytime soon.

The Timing Of The XRP ETF Applications

Brad Garlinghouse stated that he was surprised by the timing of the XRP ETF applications but not the outcome. He referred to his previous comments in which he mentioned that other crypto ETFs, including an XRP ETF, were inevitable following the launch of the Spot Bitcoin ETFs. He affirmed that the applications by Bitwise and Canary Island are positive for the XRP ecosystem and that Ripple will show support in any way they can.

When asked if he believes the US SEC will block these XRP ETF applications amid the appeal, Garlinghouse suggested the Commission was already trying to ensure that these funds do not see the light of day. He noted that the Commission filed an appeal just around when Bitwise and Canary Capital began the ETF process.

The Ripple CEO also alluded to Bitnomial’s case against the US SEC, stating that the Commission was acting outside the law and calling XRP security despite Judge Analisa Torres’ ruling that the coin isn’t one. The Commission claimed that Bitnomial’s XRP futures are “Security Futures.” Pro-XRP lawyer Bill Morgan recently provided insights into why the SEC is challenging XRP futures in the Bitnomial case, claiming it might be part of a strategy to stifle Ripple’s growth.

Interstingly, Brad Garlinghouse stated during the interview that he believes that Gary Gensler’s days as the SEC Chair are numbered. He remarked that Gensler would unlikely remain as the SEC Chair beyond this administration, irrespective of who becomes the next US President.

Ripple CEO Discusses IPO

Brad Garlinghouse mentioned that Ripple going public isn’t a high priority for them, partly because of the strained relationship with the US SEC. He added that they are in no rush to go public because they are in a strong financial position thanks to their investments in several crypto and XRP projects.

The Ripple CEO added that an IPO could take over 12 months even if they decide to go public. Therefore, this is not something that will happen anytime soon. Garlinghouse also suggested that they would only consider going public when Gary Gensler is no longer the SEC Chair. In the meantime, Ripple wants to ensure they get the right valuation for the firm.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.