The XRP price hasn’t recorded significant gains despite the recent Bitcoin price rally to as high as $90,000. As a result, a crypto community member recently called out Ripple CTO David Schwartz, who addressed the XRP price action in relation to the Bitcoin price. Meanwhile, ETFSwap’s (ETFS) impressive utility is also discussed in the article.

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.

Furthermore, the platform is more cost-effective for investing and trading as there are no hidden charges on the blockchain. ETTFSwap (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.

ETFSwap (ETFS) holders get first access to exclusive investment opportunities, including the platform’s ETF, which will launch next year. Token holders can also make passive income through several means on the DeFi platform. For instance, using the token, they can provide liquidity to liquidity pools on the platform. Liquidity providers earn up to 30% of the fees from token swaps.

Furthermore, ETFSwap (ETFS) holders are eligible for monthly airdrops distributed from the ETFS rewards pool. The platform’s staking feature also enables holders to stake their tokens and earn up to 87% annual percentage yield (APY) on their tokens. The staking feature also extends the platform’s tokenized ETFs, which investors can stake to earn impressive yields.

Investors will have access to all these exciting offerings as soon as the ETFSwap (ETFS) beta platform launches. The beta platform already went live on the Ethereum testnet, meaning a mainnet launch should happen anytime from now.

Conclusion

ETFSwap’s (ETFS) utility cannot be ignored, considering how this has the potential to revolutionize global finance and investments. The ETFS token could witness massive success as investors catch on to this use case. Those looking to position themselves for such an occurrence can buy the ETFSwap (ETFS) token in the ongoing bonus round of its presale at an affordable price of $0.05769.

For More Information On ETFSwap and its presale:

Visit ETFSwap Presale Join The ETFSwap Community

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article