By Kseniia Klichova
Updated
4 min read
Renowned analyst, Dark defender predicts 6,000% surge for XRP. However, ETFSwap (ETFS) is poised to outperform with a 50,000% gain.
A recent prediction by a prominent analyst suggests Ripple (XRP) could experience a dramatic 6,000% price surge, reaching $36.76. While this bullish outlook has generated significant excitement, a new contender, ETFSwap (ETFS), is emerging as a potential market leader. With anticipated gains of 50,000%, analysts believe ETFSwap (ETFS) could rival XRP’s projected performance.
Dark Defender’s projection for Ripple’s XRP is underpinned by Elliott Wave Theory, a technical analysis method that identifies recurring price patterns. The analyst, Dark Defender, has positioned Ripple’s XRP within the third wave of a five-wave sequence, typically characterized by strong upward momentum. Supporting this bullish outlook are several technical indicators like the Dragonfly Doji pattern which suggests a potential trend reversal and the establishment of a support level around $0.40.
Additionally, a bullish crossover in the MACD indicates growing upward momentum. XRP’s path to higher prices will likely be influenced by its ability to overcome specific resistance levels. XRP’s first notable resistance lies at $0.66 and should the token manage to break through this level, the analyst believes it could quickly advance to $1.03.
Ripple’s XRP is currently trading at $0.5946, up 2.75% over the past 24 hours, the levels it reached before the final ruling in the Ripple (XRP) lawsuit, disappointing many investors. However, Dark Defender pointed out that XRP’s price has been driven primarily by its technical patterns rather than external factors, such as the lawsuit’s developments. This technical-driven momentum suggests that XRP’s future price action will be closely tied to these identified levels and patterns.
ETFSwap (ETFS) presents a unique decentralized solution that brings the global ETF market to the blockchain. This innovative approach aims to revolutionize trading and expand the possibilities for transactions in both decentralized and centralized markets. Unlike traditional ETF brokers, ETFSwap (ETFS) will feature tokenized ETFs backed by actual real-world assets acquired from traditional markets. Additionally, these ETF assets will encompass securities and crypto from various industries, including engineering, energy, commodities, and technology which will be dealt by MiCa complaint banks and investments.
By tokenizing ETFs on the blockchain, ETFSwap (ETFS) is poised to attract significant liquidity to its platform and its underlying ERC-20 token ETFS, making early investment an appealing opportunity ahead of its anticipated growth. Experts predict that ETFSwap (ETFS) could experience up to 50,000% price growth, particularly with the bullish sentiment surrounding crypto spot ETFs.
As such, the platform’s project has rapidly garnered substantial support ahead of its launch, building a strong community that could rival Ripple’s XRP. In just two months into the presale, over $5 million has been raised in revenue and over 400 million tokens sold, solidifying investors’ confidence in ETFSwap (ETFS) as a utility coin, distinguishing it from other crypto and ETF investment platforms.
The absence of a platform that offers a broader range of on-chain anonymity, ETF accessibility, and flexible investment options positions ETFSwap (ETFS) as a first-mover in the market, providing compelling reasons for investors to participate in the presale. Moreover, ETFSwap (ETFS) has recently completed KYC verification with the reputable blockchain security firm Solidproof. This audit confirmed the identities of the team members, fostering a sense of security and trust for investors.
While Ripple’s XRP has garnered significant attention with its potential for substantial gains, the ongoing legal challenges cast a shadow over its future price trajectory. In contrast, ETFSwap (ETFS) has emerged as a promising alternative, captivating investors with its innovative platform and robust presale performance.
Moreover, analysts project a surge by 50,000% when the platform launches on major exchanges in two months. Thus, now is the opportune time to invest in the ETFSwap (ETFS) token at $0.01831 before it spikes to $0.03846 in the next stage or reaches $1 upon launch.
For more information about the ETFS Presale join the ETFSwap community.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Kseniia is the Chief Content Officer of Coinspeaker, holding this position since 2018. Now she is very passionate about cryptocurrencies and everything connected with it, so she tries to ensure that all the content presented on Coinspeaker reaches the reader in an understandable and attractive way. Kseniia is always open to suggestions and comments, so feel free to contact her for any questions regarding her duties.
