Top 10 Crypto Spot Of Binance Coin (BNB) And Ripple (XRP) Will Be Taken By ETFSwap
The post Top 10 Crypto Spot Of Binance Coin (BNB) And Ripple (XRP) Will Be Taken By ETFSwap appeared first on Coinpedia Fintech News
The emergence of ETFswap (ETFS) into the crypto market has created quite a buzz among crypto community members because of its unique approach to Exchange-traded funds (ETFs). Further, the success of its ongoing presale has convinced experts that the token is on its way to beating out Binance coin (BNB) and Ripple (XRP) for the top 10 spot in the crypto market.
ETFSwap (ETFS) Headed For Top 10 Crypto
ETFswap (ETFS) is a blockchain platform that reshapes the way crypto community members interact with exchange-traded funds (ETFs) through the tokenization of assets. The tokenized ETFs will create avenues for investors of all portfolio sizes to invest in all types of ETFs, which include various assets, including real estate, Stocks, and precious metals.
The asset will be available for trading on a comprehensive web3 marketplace to accommodate crypto experts and newbies. However, to gain access to tokenized ETFs, users must hold a portion of the platform’s native token ETFS, which will drive the ETFswap (ETFS) ecosystem.
Users who hold the token will also gain voting rights to participate in making decisions that affect the way the platform operates, which includes modifications and updates. ETFswap (ETFS) intends to partner with giants in the decentralized finance sector to advance the growth of DeFi, which will also boost its adoption and use case in the crypto industry, propelling it to one of the top 10 assets in the crypto industry.
Binance Coin (BNB)
Binance coin (BNB) is the native token of Binance smart chain (BSC), a blockchain network launched by Binance exchange in September 2020, which powers decentralized applications and supports smart contracts. The coin recently is flirting with new highs as it prepares to cross its all-time high of $690, which it achieved in the 2021 bull run.
The Binance Coin (BNB) surge beyond $600 was attributed to the bullish trend on Bitcoin (BTC), which nearly tested its all-time high of $73,000 on May 21, 2024. Bitcoin (BTC) carries about half of the crypto market capitalization; therefore, its price performance often affects almost all the assets in the industry.
Currently, Binance Coin (BNB) trades slightly below $600, a 14% decrease from its all-time high, and ranks 4th in the crypto market according to data from Coinmarketcap.
Ripple (XRP)
Ripple (XRP) was developed as a blockchain-based payment network tailored to the needs of global financial institutions by Chris Larsen and Jed McCaleb in 2012. It features XRP, a pre-mined coin that powers the network and serves the purpose of utility as its native token. For nearly four years, the Ripple (XRP) network has been in a tough legal battle with the United States Security and Exchange Commission (SEC), which branded the asset as a security.
As the legal battle draws to an end, Ripple (XRP) whales are beginning to spring into action, as reported by on-chain tracker Whale Alert. According to the on-chain tracker, an anonymous whale offloaded over 50 million XRP coins into two crypto exchanges, Bitso and Bitstamp. However, at the same time, another whale increased their stash by purchasing over 240 million XRP from the Coincheck exchange.
The actions of these whales who took different paths indicate the mixed feelings among Ripple (XRP) investors as everyone keenly anticipates where the chips will fall for the network. Ripple (XRP) currently trades at $0.51 and ranks 7th in the crypto market, according to data from Coinmarketcap.
ETFSwap (ETFS) Presale And Conclusion
ETFswap’s (ETFS) unique proposition has helped it to gain traction in the crypto industry, but there is more. Currently, ETFswap offers its native token, ETFS, in its stage 1 presale at $0.00854. By stage 2, it will increase to $0.01831, hinting at an automatic profit for all stage 1 participants.
This assurance of profit on investment has brought in both large and small investors, who hurry to buy this rare gem at stage 1. Also, it is another compelling reason why experts are optimistic that ETFswap (ETFS) will steal the spot of Binance coin (BNB) and Ripple (XRP), marching to one of the top 10 crypto assets in the market.
For more information about the ETFS Presale:
Related Posts
