SEC Appeal Against Ripple Decision Sends XRP Price Crashing, Investors Move To This Safe Haven Altcoin

On October 2, the United States Securities and Exchange Commission (SEC) filed an appeal against the court’s ruling that Ripple (XRP) was not considered a security. Following the SEC appeal, the price of Ripple (XRP) crashed significantly, leading many cryptocurrency holders to seek refuge in a promising safe-haven altcoin like ETFS, the native token of the ETFSwap ecosystem. 

ETFSwap (ETFS): Investors Safe Bet Altcoin Investment For Risk-Averse Investors 

Due to its high-profit altcoin and innovative plans to transform the ETF market, ETFSwap (ETFS) is attracting considerable attention as a safe-haven investment. Taking advantage of blockchain technology, ETFSwap (ETFS) has emerged as a fully decentralized platform where users can buy and trade tokenized Exchange Traded Funds (ETFs). 

As Ripple (XRP) faces a new SEC appeal, Investors are seeking refuge in ETFSwap’s safe haven altcoin, ETFS. Purchasing this lucrative altcoin not only provides 24/7 access to the innovative ETFSwap (ETFS) platform, but it also offers trading benefits such as lower transaction fees, up to 50X trading power on all listed ETFs, access to futures ETFs, and more. 

ETFSwap (ETFS) will also deliver monthly token airdrops to token holders and provide special access to explore newly-listed ETF assets. This feature, combined with its personalized ETF trading strategies and diverse range of ETF assets has made ETFSwap’s safe haven altcoin a top choice for investors. Additionally, after the upcoming launch of its platform, ETFSwap (ETFS) will also allow users to earn a high APR yield of up to 87% and enable them to stake their ETFS for passive income and rewards.  

Surpassing the standards of traditional ETF platforms, ETFSwap (ETFS) incorporates cutting-edge security features using AI technology and other advanced cybersecurity solutions. Its smart contracts have been audited by CyberScope, a top blockchain audit firm. In addition, the ETFSwap (ETFS) development team has undergone a thorough KYC verification process with SolidProof, creating a safe trading network for users.

Presently, the backend development for the Phase 1 beta of the ETFSwap (ETFS) platform is complete, signaling readiness for public launch. The beta platform has also undergone extensive UI testing to enhance the user experience on ETFSwap (ETFS). With the beta platform set to launch soon, investors will be able to explore its liquidity pools, swapping features, and competitive ETF prices. Moreover, in phase 2, users will have access to powerful AI-powered trading tools like ETF screeners, filters, and trackers.

Following a successful sale of more than 500 million tokens, the ETFS altcoin is now in its third and final presale stage. Many investors are quickly joining this presale to invest in this safe haven altcoin to secure potential gains and recoup losses from bad investments. As a safe haven altcoin, ETFSWap (ETFS) is set to offer investors or its altcoin massive profits as its price jumps from $0.03846 to new levels in the fast-approaching bull run. 

Ripple (XRP) Price Crashes With SEC Appeal 

The US SEC recently filed an appeal against Judge Analisa Torres’ ruling in July 2023, which stated that the programmatic sales of Ripple (XRP) are not considered security. While the SEC appeal shocked many in the Ripple (XRP) community, the price of Ripple (XRP) took a much bigger blow.

Following the SEC appeal, Ripple (XRP) price experienced a drop that raised its weekly loss above 11.78%, according to CoinMarketCap. Currently, the Ripple (XRP) altcoin is trading at $0.52, declining just moments after the SEC appeal. 

With only a few days left to cross-appeal the SEC’s decision, Ripple (XRP) could fall even further. The SEC appeal not only puts a burden on the already stagnant Ripple (XRP) price but also muddles the legal clarity obtained by the company. With this new SEC appeal, Ripple (XRP) could face another two years in a legal battle with the regulator. 

Wrapping Up

ETFSwap (ETFS) is a DeFi trading platform where investors can buy and trade tokenized  ETFs. With its native altcoin predicted to surpass top tokens like Ripple (XRP), the ETFS token could see its price surge over 1,000%. Market experts are warning investors to hurry and purchase this safe-haven altcoin before its final presale ends.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community