Crypto analyst Dark Defender recently raised the possibility of Ripple (XRP) enjoying a 3,500% gain as he outlined price targets for the crypto token. His price prediction has undoubtedly raised the expectations of XRP holders waiting for a significant rally from Ripple (XRP). However, some crypto experts have warned that they might be better off investing in a crypto token like ETFSwap (ETFS) instead of playing the long game.
Ripple (XRP) To Rise To $18 In This Bull Run; Crypto Analyst
Dark Defender mentioned in an X (formerly Twitter) post that the Wave 3 targets for Ripple (XRP) are $1.88, $5.85, and $18.22. He suggested that these price targets will be attained in this bull run, as he labeled them the “supercycle targets.” Interestingly, he further hinted that Ripple (XRP) will rise above these price levels, as he alluded to a “Grandcycle, which flies high, where eagles dare.”
For a while now, the crypto analyst has been referencing the Elliot Wave theory to predict Ripple’s (XRP) future trajectory. In his recent post, he noted that Wave 1 started on January 23, 2023, when Ripple (XRP) was trading at $0.3 and ended on July 23, 2023, when the crypto token was trading at $0.9327.
Furthermore, the analyst revealed that Wave 2 began on August 23, 2023, when Ripple (XRP) was trading at $0.8534 and ended on April 24, this year, when it was trading at $0.4294. This would suggest that Wave 3 should have already kickstarted, with XRP seeing a bullish recovery to the upside.
However, the XRP price could still move further to the downside before that happens. Dark Defender claimed that XRP’s drop to as low as $0.39 will depend on whether Ripple (XRP) closes above $0.4975 this week. The crypto analyst added that a close below that level could lead to a “double tap” at $0.46.
Given how uncertain it is about when exactly Ripple (XRP) will make this parabolic rally, it is understandable that XRP holders are already growing impatient and weighing their options on whether or not to move to a more stable ecosystem.
Amid this uncertainty, crypto experts advise that rotating their capital is the right move and have singled out ETFSwap (ETFS) as the crypto token that can help them recover their losses.
ETFSwap (ETFS) Is Already Delivering Massive Returns To Investors
Investors in the ETFSwap (ETFS) ecosystem haven’t had to play the patience game, considering how they are already seeing instant returns on their investments. The crypto token has continued to make its mark in the crypto market and is currently ranked as one of the best-performing crypto assets this year despite just launching.
ETFS is the native token of ETFSwap, and most of the crypto’s success has been attributed to the decentralized finance (DeFi) platform’s unique technology. The main offering is that ETFSwap (ETFS) tokenizes and enables the on-chain trading of exchange-traded funds (ETFs). This offering has caught the attention of both crypto and non-crypto natives.
For crypto natives, this is an opportunity to diversify their portfolio beyond crypto assets while enjoying the security and privacy of the blockchain. Meanwhile, non-crypto natives have been drawn by the allure of trading traditional assets 24/7 and enjoying instant settlements on their trades.
Investors are also excited about ETFSwap’s leverage feature, which allows them to enjoy up to 10x leverage on their trades, especially since this isn’t attainable when using centralized entities like brokers.
Ahead of ETFSwap’s launch, these crypto and non-crypto natives have aggressively accumulated the ETFS token, as the platform has already made it clear to users that they will need a certain amount of the crypto token to access the platform’s offerings. This has led to significant buying pressure, which has caused ETFSwap’s (ETFS) value to skyrocket.
Investors who have purchased the crypto token are amazed at how the value of their portfolio has significantly increased since their purchase. Interstingly, these investors are looking to add more ETFSwap (ETFS) tokens to their holdings as they believe they could make a massive rally when the DeFi platform finally launches.
This undoubtedly means that investors who have yet to invest must act quickly. Tokens available in stage 1 of the ETFSwap’s (ETFS) presale are quickly selling out, and investors won’t be able to get the token at its current price of $0.00854 when stage 2 commences.
