Cardano Community Address Drop and The Promise of ETFSwap

Cardano Community Address Drop and The Promise of ETFSwap

Recent on-chain data shows that the Cardano network is experiencing a three-month drop in active addresses, which concerns Cardano investors and stakeholders. Meanwhile, the XRP community thinks a settlement in the XRP versus SEC matter is only around the corner. Shifting their attention to assets offering better security, including ETFSwap (ETFS), helps investors defend themselves.

Using ETFSwap, Leverage the Real-World Assets Tokenising Revolution

Distributed platform ETFSwap offers special trading and investment possibilities in crypto and exchange-traded funds. Users of ETFSwap may swap cryptocurrencies using listed ETFs. The platform offers better-investing security by giving a way to invest in several institutional tokenised ETFs, including crypto spot and futures ETFs.

Using blockchain technology, ETFSwap (ETFS) allows trading and investing in tokenised assets supported by actual securities bought from conventional financial markets. ETFs deal in securities and crypto trading by working with MiCa-compliant licensed investment banks, allowing this.

Blockchain technology forms the foundation of ETSwap’s infrastructure since it lets users enjoy strong security, distributed ETF trading, anonymity, and transparency. ETFSwap’s market-making knowledge helps users enjoy optimal liquidity, up to 10x leverage on all trades, and 50-60x leverage on perpetual futures and options trading.

The ETFSwap system’s simplicity is the cherry on top. It’s just the best available. The several screens, tools, and windows let users easily move across them. Whether one is reviewing their portfolio, staking ETFs, trading perps, etc., all platform actions might be done carelessly.

Investing in ETFS, the native token of ETFSwap, would help users and investors gain possible benefits and profits. Currently, leveraging the 40% bonus incentive to buy additional tokens to maximize returns, investors and traders are trying to fund some of their profits into tokenised ETFs. Right now, the tokens sell for $0.01831, reduced.

Cardano (ADA) Has The Lowest Active Address Fall Over Three Months

According to most recent on-chain statistics, Cardano (ADA) faces a 3-month low in active addresses. It does not look good for Cardano, but the statistic gauges the quantity of distinct on-chain interactions occurring on the network. Right now, the figure is 20,400, the lowest in ninety days.

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ADA’s price performance will surely suffer from this decrease in network activity since recent figures reveal a matching drop in price. Over the past month, the Cardano price dropped 14.25%; over the past 24 hours, it dropped a further 0.51%. CoinMarketCap figures show that the price right now is $0.41.

The present market mood is another arrow in Cardano’s armour. The weighted market sentiment gauges the general market attitude toward a cryptocurrency asset. The general negative attitude of the present market toward Cardano (ADA) suggests that its bearish problems could continue.

XRP Approaches The End Of Battle With SEC

In response to XRP’s further authority letter in their continuous lawsuit, recent SEC filings have spurred rumours that a settlement would come shortly. XRP’s further authorisation letter includes their refutations of the SEC’s earlier $2B remedy demand.

XRP notes in the letter a comparable lawsuit that resulted in a settlement and laments the seeming great difference in settlement terms between both cases. They said that just 1.27% of TerraForm Labs’ $33B gross sales—the $420M civil penalty levied on them—were paid.

XRP notes that, unlike TerraForm Labs, there is no evidence of fraud in its case and complains that this price is far lower than what the SEC is requesting in its case. Stuart Alderoty, the Chief Legal Officer of XRP, had previously noted that investors were not harmed by the claimed unregistered securities trade.

Last Thought

The future seems dark for Cardano investors and traders since the combined effects of an all-time active address drop and negative technical indicators affect ADA price movement. In other developments, some XRP investors might be cashing out shortly since the community thinks a resolution for their continuous lawsuit on the XRP sales is imminent.