Ripple CTO Addresses Stagnant XRP Price Despite Bitcoin Price Hitting ATH

In an X post, Ripple CTO David Schwartz addressed criticisms about the stagnant XRP price action despite Bitcoin price hitting a new all-time high (ATH).

Ripple CTO Addresses Stagnant XRP Price Despite Bitcoin Price Hitting ATH

In an X post, Ripple CTO David Schwartz addressed criticisms about the stagnant XRP price action despite Bitcoin price hitting a new all-time high (ATH). The Ripple CTO suggested that there was nothing he could do to influence the XRP price even as the Bitcoin price rallied. He remarked that his XRP invstments have decreased and increased in value just the same way it has for every XRP investor amid the unimpressive XRP price action.

The Ripple CTO’s statement had come following an accusation by a crypto community member that the Ripple CTO was primarily responsible for the stagnant XRP price despite the Bitcoin price reaching new highs. Although the Ripple CTO is unlikely responsible for the stagnant XRP price action, it is understandable that some community members will expect the XRP price to rally as the Bitcoin price does.

A Look At ETFSwap’s (ETFS) Amazing Utility

Amid the Ripple CTO’s statement in relation to the XRP price not rising with the Bitcoin price, it is worth looking at ETFSwap’s (ETFS) amazing utility. ETFS is the native token of the ETFSwap platform, which will offer tokenized exchange-traded funds (ETFs) and crypto assets in one place.

Investors will be able to access these assets using the ETFSwap (ETFS) token, which they will swap for their desired asset. The token bridges the traditional finance (TradFi) and decentralized finance (DeFi) worlds since investors will be able to swap their ETFs for crypto assets and vice versa using ETFS.

This makes portfolio diversification much easier since investors can gain exposure to these assets all in one place. The ease and convenience that ETFSwap (ETFS) provides will likely make it the go-to platform for investing in and trading these assets. The DeFi platform’s Know-Your-Customer (KYC) requirements are non-mandatory, meaning investors can start investing quickly.

Moreover, the platform is more cost-effective for investing and trading as there are no hidden charges on the blockchain. ETFSwap (ETFS) token holders also enjoy reduced costs when trading on the DeFi platform. This is one of the several benefits token holders enjoy on the DeFi platform.

Conclusion

Fresh out of the oven, we have a new DeFi project that is set to revolutionize the way investors access and trade traditional finance assets. This project has created a native token that will be used to swap for tokenized exchange-traded funds (ETFs) and crypto assets. Aimed at bridging the gap between TradFi and DeFi, this token will enable investors to swap their ETFs for crypto assets and vice versa.

With this token, investors will be able to access a wide range of assets in one place, making portfolio diversification a breeze. This DeFi platform will likely become the go-to for investing in and trading these assets, thanks to its ease of use and non-mandatory Know-Your-Customer (KYC) requirements.

Investors can start investing quickly without having to go through lengthy KYC procedures. Furthermore, the platform is more cost-effective for investing and trading, with no hidden blockchain charges. Additionally, ETFSwap (ETFS) token holders will enjoy reduced costs when trading on the DeFi platform.

This new DeFi project is set to launch its beta platform on the Ethereum testnet, with the mainnet launch expected to follow later this year. Those looking to get ahead of the curve can purchase the ETFSwap (ETFS) token in the ongoing bonus round of its presale. The token is currently available at a price of $0.05769.

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