The crypto world has been monitoring the ongoing legal battles between the U.S. Securities and Exchange Commission (SEC) and Ripple (XRP). Amid this
As the legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple (XRP) continues to unfold, a crypto millionaire investor has joined the conversation, predicting that a newcomer in the crypto space, ETFSwap (ETFS), will surpass XRP and reach the $3 mark sooner than expected.
With the SEC’s lawsuit against Ripple alleging that XRP is an unregistered security, ETFSwap has prioritized the security of its users by completing its KYC verification process with SolidProof, a leading cybersecurity and blockchain audit firm.
However, to ensure user anonymity and save time, ETFSwap also offers a zero-knowledge (ZK) approach, allowing users to join the platform without the hassle of KYC verifications.
Moreover, ETFSwap is integrated with Mica-compliant institutions that trade in both securities and crypto markets, maintaining its decentralized nature and eliminating the involvement of bank intermediaries or regulatory bodies.
According to the SEC’s press release, the complaint alleges that, beginning in 2013, Ripple raised funds through the sale of a digital asset, XRP, in an unregistered security offering to investors worldwide. Additionally, Ripple allegedly distributed XRP tokens in exchange for services like labor and market-making.
According to CoinGecko, XRP has a market cap of $33 billion and is trading within the range of $0.5754 to $0.6134. Over the past two weeks, XRP has seen a 20% increase in price, with bullish sentiments from its investors for the altcoin to reach the $3 mark.
Meanwhile, ETFSwap is currently in its ICO stage, with ETFS tokens priced as low as $0.01831 each. Having entered the third stage of its presale, ETFSwap has managed to raise $3.2 million, with over 112 million tokens sold so far.
Smart investors who believe in the long-term growth potential of ETFSwap are now buying ETFS tokens with early gains in sight as the token price is set to increase by 200% in the next stage of the presale.
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