Moody’s Analytics chief economist Mark Zandi recently warned crypto investors about what would likely happen when the US Fed announced its interest rate decision. Meanwhile, Ripple (XRP) looks poised for a parabolic rise based on this crypto analyst’s prediction, and ETFSwap (ETFS) is set to launch its platform soon enough.
Crypto Enthusiasts Anticipate ETFSwap’s (ETFS) Imminent Launch
The crypto world is anticipating ETFSwap’s (ETFS) launch, given the opportunity it would present for them. ETFSwap (ETFS) is a decentralized investment platform that tokenizes exchange-traded funds (ETFs) and brings them on-chain, allowing crypto enthusiasts to diversify their portfolios beyond crypto assets.
Crypto investors can easily invest in these traditional assets by converting their crypto holdings to the ETFSwap (ETFS) token and then to their preferred ETF. With ETFSwap (ETFS) being built on the blockchain, crypto investors will still experience the transparent, secure, and efficient trading services they have become accustomed to on-chain.
Investing on ETFSwap (ETFS) is also very easy and straightforward. The investment platform has made Know-Your-Customer (KYC) requirements non-mandatory, meaning investors can start investing in record time. By combining these ETFs with the ethos of decentralized finance (DeFi), ETFSwap (ETFS) is also filling a vacuum in the market and providing an alternative for traditional investors who have so far been looking for a simplified and safe way to perform their ETF transactions.
ETFSwap (ETFS) is expected to be the go-to platform for these traditional investors since no other platform boasts its offerings. These investors will also look to come on chain now, especially with the Spot Ethereum ETFs going live soon enough. A platform like ETFSwap (ETFS) will allow these investors to trade these Ethereum ETFs while also staking their Ethereum (ETH) on the platform to enjoy mouth-watering yields.
Users on the platform can also stake their ETFSwap (ETFS) tokens and earn up to 80% annual percentage yield (APY) on their investments. ETFSwap (ETFS) token holders will also make passive income from the investment platform as they will be eligible for a share of the revenue earned on ETFSwap (ETFS).
Unlike centralized trading platforms, ETFSwap offers perpetual and leverage trading services for these ETFs. Investors can open their ETF trades with up to 50x leverage and leave them open for as long as they like without expiration. The investment platform also offers market-making services, meaning that investors can rest assured that these Real World Assets (RWA) are liquid enough and that they can perform their transactions with minimal slippage.
Interest Rates And Ripple’s (XRP) Price Explosion
Mark Zandi suggested during an interview with Bloomberg that the US Federal Reserve will likely not cut interest rates at its next FOMC meeting, which will take place between June 12 and 13. The US Fed’s decision could undoubtedly affect the sentiment in the crypto market since lower interest rates make investors more confident about investing in these risk assets.
Meanwhile, crypto analyst Egrag Crypto recently predicted that Ripple (XRP) would enjoy a price explosion soon enough. He stated that $7.5 is the first target for Ripple (XRP) and suggested that the crypto token will make the run to that price level once it can break above $1.5. Egrag is convinced that Ripple (XRP) will make this move as he highlighted a white triangle (on the chart he shared) from which the crypto token will break out and rise to $1.5.
Egrag also raised the possibility of Ripple (XRP) rising higher than $7.5. He claimed that a weekly close above Fib 1.618 for Ripple (XRP) will put the next targets for the crypto token in mid-double digits near Fib 2.414 and 2.618. A pump for Ripple (XRP) is undoubtedly long overdue, as it is one of the few crypto tokens in the top 50 coins by market cap that has yet to record price gains since the start of the year.
Conclusion On ETFSwap’s (ETFS) Bullish Outlook
Despite the US Fed unlikely to cut interest rates this month, ETFSwap’s (ETFS) outlook is still bullish, especially considering other developments that are set to take place soon enough. Therefore, there is no better time to position ETFSwap’s massive pump than accumulating in its ongoing presale while it is still selling at a discounted price of $0.01831.
For more information about the ETFS Crypto Presale:
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