Home  >  Article  >  XRP Price Likely To Underperform Because Of Ripple’s Lack Of Real Utility

XRP Price Likely To Underperform Because Of Ripple’s Lack Of Real Utility

Susan Sarandon
Susan SarandonOriginal
2024-10-24 09:42:15967browse

A crypto founder has predicted that the XRP price will likely underperform because Ripple lacks real utility. The XRP price performance has hinged on the

XRP Price Likely To Underperform Because Of Ripple’s Lack Of Real Utility

Several XRP price predictions have been made ahead of the Bitcoin bull run, with analysts predicting that the XRP price is poised to at least surpass its current ATH. However, a crypto founder has said that the XRP price may not perform as many expect because Ripple lacks any real utility. Therefore, investors are better off buying ETFSwap (ETFS), which promises them a 250x gain.

Many XRP price predictions have been made ahead of the Bitcoin bull run, with analysts predicting that the XRP price is poised to at least surpass its current all-time high (ATH). However, one crypto founder has predicted that the XRP price will likely underperform because the cryptocurrency lacks any real utility.

The XRP price performance has hinged on the crypto firm Ripple because it is known to use the XRP coin for its payment service. However, with the crypto founder claiming that Ripple lacks any real utility, the coin’s use case is in jeopardy, ultimately affecting the XRP price.

Craig Wright shared a similar sentiment with the crypto founder, stating that Ripple has only created “a system that is slower than Swift, less secure, and devoid of true utility.” With Ripple’s utility in question, the XRP price is at risk and could underperform, with investors opting for coins with a more bullish outlook. The crypto founder also noted that Ripple owns most of the XRP coins in circulation, which also provides a bearish outlook for the XRP price.

The crypto founder noted that this shows how centralized the coin is, with Ripple controlling the supply. Therefore, he doesn’t expect much from the XRP price in this bull run.

Unlike the situation with Ripple and the XRP price, ETFSwap’s (ETFS) utility isn’t in doubt. Crypto founders are heavily investing in the ETFSwap ecosystem because they are confident that ETFSwap is the next big thing, and people are set to realize that with the imminent launch of the ETFSwap beta platform.

ETFSwa (ETFS)p is set to disrupt global finance with its revolutionary offering. The decentralized finance (DeFi) platform will offer tokenized exchange-traded funds (ETFs), making it easier to access these traditional assets. Investors will be able to buy, sell, and trade these ETFs anytime, as the platform offers 24/7 market coverage.

The platform’s native token ETFS is the key to accessing this offering, as investors will swap it for their desired asset. Furthermore, investors will be able to use the token to access the crypto assets and other commodities on the trading platform. The ETFSwap team has collaborated with MiCA-regulated investment banks to offer securities and crypto trading.

This makes portfolio diversification much easier since investors will be able to gain exposure to different asset classes in one place. Thanks to ETFSwap’s (ETFS) user-friendly interface, Investors can easily swap their ETFs for crypto assets and vice versa using the platform’s native ETFS token.

Investors can also maximize their profits by using the exciting trading features on the platform. For instance, the platform offers ETF perpetuals. Therefore, users can hold derivative contracts that allow them to bet on the future prices of these ETFs without expiration. There is also the ETF staking feature, which will enable investors to stake their ETFs and earn impressive yields.

The ETFSwap (ETFS) token also provides access to exclusive investment opportunities, like the platform’s ETF, which will launch next year. Token holders also enjoy governance rights and can participate in the platform’s decision-making, allowing them to influence decisions that positively impact their investment goals.

With the ETFSwap (ETFS) ecosystem boasting such unique utilities, analysts say the ETFS token can enjoy up to a 25,000% price gain. Therefore, investors are better off buying the ETFSwap (ETFS) token in its ongoing presale at an affordable price of $0.03846 rather than focusing on the XRP price, which has a bearish outlook with Ripple’s lack of real utility.

The above is the detailed content of XRP Price Likely To Underperform Because Of Ripple’s Lack Of Real Utility. For more information, please follow other related articles on the PHP Chinese website!

Statement:
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn