XRP Drops Pre-SEC Ripple Suit Update; Popularity of This AI Altcoin Presale Rises
Ripple (XRP) is one of the few cryptocurrency projects that hasn’t benefited from the recent cryptocurrency boom. Bitcoin (BTC) set a new high at $72,377 on March 11. Prices have pulled back a bit as some investors take profits, but they are still holding above the $71,000 support level.
Ripple’s ongoing legal issues with the US Securities and Exchange Commission (SEC) is one of the primary reasons tokens haven’t experienced substantial price increases, while other projects approach new highs.
The SEC has continued to push forward with its ongoing cases against Ripple despite a judge ruling in 2023 that XRP wasn’t a security. Both parties now have until April 22 to file remedy-related briefs, but the possibility of a settlement being reached has faded as both organizations appear to be preparing for a lengthy legal battle.
Meanwhile, InQubeta (QUBE) now tops the ongoing ICO list as its presale raises $11.5 million in token sales while earning early backers 250% returns on their investments. The emerging crypto has gained the attention of cryptocurrency and institutional investors alike with its plan to make artificial intelligence (AI) investments more accessible than they’ve ever been.
Best coins to invest in: InQubeta (QUBE) offers investors as much as 100x returns
InQubeta seeks to solve one of the biggest issues investors looking to back emerging AI startups often face: being disqualified from accessing such opportunities due to not meeting arbitrary income or net worth requirements mainstream investing avenues typically have.
InQubeta takes on major investment institutions head-on by offering investors an alternative way to access the investment opportunities they seek.
More than $1.5 trillion is anticipated to enter the AI space by 2030, and the solution InQubeta provides by making investments more accessible positions the project for exponential growth in 2024 and beyond.
The InQubeta project is expected to enjoy lots of long-term success thanks to factors like QUBE’s supply being limited to 1.5 billion and deflationary procedures like burn taxes that reduce the token stock some more. QUBE, currently priced at $0.0245, could reach a couple of dollars in 2024 and a lot more in the coming years. It’s one of the few cryptocurrencies that offer investors an opportunity to build generational wealth.
Here’s how InQubeta’s investment ecosystem is expected to work:
- AI startups are evaluated by InQubeta’s operations team before getting access to the marketplace where they can tokenize reward and equity-based investment opportunities into non-fungible tokens (NFTs)
- NFTs are fractionalized once created so investors can buy fractions of the investment opportunities they represent. These tokens carry out similar roles to stocks in traditional markets
- Anyone can buy fractions of these tokens with QUBE in the marketplace, entitling them to all rewards promised on the tokens
- Investors can resell any tokens purchased on the NFT marketplace at any time, giving them lots of liquidity
Whales transfer millions worth of XRP off exchanges
XRP whales appear to be confident prices will eventually surge as over four withdrew tokens amounting to between 18.43 million and 19.2 million tokens from the Binance Exchange to external wallets, according to Whale Alert. That’s over $50 million worth of tokens recently moved off Binance.
Whales withdrawing large amounts of tokens is often viewed as a sign they intend to hold on to their bags for the long term. Ripple’s top brass has made it clear they are ready to fight anything the SEC throws at them and XRP prices will likely explode once Ripple’s legal issues are behind it.
Summary
QUBE is one of the best altcoins to invest in right now, thanks to the inventive way it plans to open up AI investments. XRP is an altcoin to watch, given how low its prices remain and the recent activity by whales on the Binance exchange transferring large volumes of tokens to unknown wallets.
Disclaimer and Risk Warning
This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.
Was this writing helpful?
No Yes
PR Manager
Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.
