Ripple faces resistance barrier at $0.70
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A green light from US regulators for spot exchange-traded funds (ETFs) set in motion a ripple effect across the crypto sector, which has only left users richer.
After debuting in January, these ETFs have drawn record investor inflows and have stoked conversations about which other cryptocurrencies could meet the ETF acceptance criteria.
Their success also gave a much-needed push to the altcoin sector, which has been rallying steadily. Top altcoins like Ripple (XRP) have seen growth. However, experts claim that it faces a resistance barrier at $0.70.
Another altcoin that has experienced phenomenal growth recently is InQubeta (QUBE). Powered by the Ethereum blockchain, the platform has introduced a crypto-first model to facilitate crowdfunding for AI projects.
InQubeta: Building next-generation AI startups
InQubeta is a platform that enables crypto users to participate in startup investments and become stakeholders in enterprise growth. By democratizing the space for regular crypto users, InQubeta allows them to become financially independent while promoting innovation in AI.
Its unique model has helped it make rapid strides and garner investor interest globally. Its presale growth is another reason why it has been in the news. With ICO gains that are over $11.5 million, it currently features among the recommended presales by leading analysts.
Whether investing, distributing rewards, or tax proceeds, all transactional purposes are conducted in terms of InQubeta’s native cryptocurrency, the QUBE token.
Regarded as one of the best crypto investments of the year, the token is built on the ERC-20 standard and has a multi-faceted model.
InQubeta onboards startups after careful screening, where they have to submit investment proposals featuring details of their projects. These projects are tokenized into NFTs and then sold at the platform’s online marketplace.
QUBE token owners can compare these proposals and buy NFTs in exchange for a share of a startup’s equity. The model facilitates a transparent exchange of funds and equity, which helps both sides grow.
While crypto users can sit and watch their investments grow, for startups, there’s more to explore on InQubeta besides fundraising. They can tap into InQubeta’s network of professionals and fund mentors to guide them along their business journey.
These professionals have years of experience and can share key insights about navigating through the challenges of the AI sector.
Connecting with InQubeta’s network can also help market a startup project. Innovators can connect with professionals to find the right marketing strategy and figure out the product-market fit for their solutions. They can also leverage the platform’s social media channels to expand their online presence.
InQubeta’s accessibility is one of its biggest strengths. There’s no restriction on budget or experience, and people from diverse backgrounds can earn from it.
For those interested in a fuss-free opportunity, its staking service is an ideal option. By agreeing to let their tokens be locked to secure the network, people can earn passive income without losing ownership of the asset.
Ripple tokens worth $187 million were transferred from Binance to unknown wallet
Ripple is a leading decentralized platform created for businesses interested in leveraging blockchain for growth. Its native token XRP is the official medium of exchange on the Ripple network and regularly features among the top crypto coins.
The cryptocurrency was in the news recently after about 300 million XRP tokens were deposited from crypto exchange Binance to an unknown wallet.
The movement was noticed by blockchain data tracking website Whale Alert, which pegged the tokens to be worth around $187 million at the time of the transfer on March 8, 2024. Long-term holders usually transfer huge amounts from centralized exchanges to personal wallets.
The development sparked speculations among crypto observers about XRP being a good crypto to buy right now. However, there is also a section of market experts who believe that Ripple may face a resistance barrier at $0.70.
Conclusion
Ripple and InQubeta have been growing steadily, and their daily price trends reflect their potential. For analysts, these tokens are among the best altcoins to buy now and can be good options to consider for long-term investment targets.
As the crypto market soaks up investor attention due to spot ETFs’ success, Ripple and InQubeta have witnessed an uptick in whale activity. While Ripple has been popular because of its steady rise and partnerships, InQubeta’s presale gains have helped it attract more retail users.
The two coins are also trusted by crypto users as they sport cutting-edge security frameworks. This focus on users’ safety goes a long way in assuring people that their assets are safe.
*This article was paid for. Cryptonomist did not write the article or test the platform.
