Cryptocurrency advocate Quincy Jones has made a bullish bet on Ripple's XRP token, predicting it will surpass $100,000 and eclipse top meme coin Dogecoin (DOGE). He has also expressed optimism about the ETFSwap (ETFS) ETF token, not ruling out a rise to $5 during its current presale. What's behind his bullish sentiment on ETFSwap (ETFS) and Ripple (XRP)?
ETFSwap (ETFS) Set to Rise to $5 in Pre-Sale Quincy Jones has noted that ETFS’s native token is set to rise to $5, while it is currently trading at a discounted price of $0.03846. ETFSwap (ETFS) is a crypto ETF trading platform that aims to disrupt ETF trading by tokenizing assets. Tokenized ETFs on ETFSwap will directly represent their traditional counterparts on the blockchain, allowing users to invest in a variety of assets across different sectors.
ETFSwap partners exclusively with MiCa-regulated investment banks to issue securities and cryptocurrencies to users, thereby shielding them from regulatory complexities. Additionally, the ETFSwap team recently announced the launch of Phase 1 of its beta platform, and after extensive UI testing, it will be released to users for testing. Features that users will be able to take advantage of include ETF pricing, exchange functionality, liquidity, and staking pools.
In addition, the platform’s native token ETFS will play an important role in the functioning of the network. However, its important tasks are to provide all users with access to trading tokenized ETFs and benefit from all the features on the network. Users who own the token will have access to additional privileges such as exclusive investment opportunities and early access to all new ETF listings on the trading platform. Users will also be able to place ETFS in the platform’s staking pool, earning passive income through staking rewards of 87% per annum.
Ripple (XRP) Is Set to Eclipse Dogecoin (DOGE) According to former R3 Corda developer and crypto enthusiast Quincy Jones, XRP could soon reach or even surpass the $100,000 mark, which would allow it to potentially overtake Dogecoin (DOGE). Jones made this ambitious prediction in a 2021 podcast on the media platform YouTube and justified his assumption by the fact that XRP is a financial liquidity instrument.
This will make XRP a point of contact for issuers looking to issue equities, debt, cryptocurrency, and other assets. Jones also mentioned XRPL, saying that debt could be included on the ledger. Additionally, XRP will act as a bridge between the US dollar and the blockchain, adding to the token’s bullish momentum. Ripple is rumored to have partnered with the UAE and India to use XRP to buy oil. If confirmed, this could allow XRP to tap into the $500 trillion oil market.
At the same time, Dogecoin (DOGE) is at risk of a price correction, as the Dogecoin price chart shows a 52% increase in its 24-hour trading volume. According to analysts, whales holding the meme token often resort to liquidations whenever DOGE rises. According to CoinGecko, XRP is currently trading around the $0.58 mark, ranking 7th in the overall cryptocurrency rankings, while DOGE is exchanging for $0.10, ranking 9th in the cryptocurrency market.
Conclusion Quincy Jones' bullish predictions for ETFSwap (ETFS) and Ripple (XRP) have a better chance of coming true in the first case due to new users joining the ongoing presale every day. When this happens, ETFS will grow more than 200 times, which will bring all early investors a huge return on their investment. Usually, experienced investors do not miss such an opportunity.#ЛюбимыйТокен