XRP Retests $0.4 After 21% Fall, AI Altcoin Makes Strides Among Retail Investors
The post XRP Retests $0.4 After 21% Fall, AI Altcoin Makes Strides Among Retail Investors appeared first on Coinpedia Fintech News
Ripple (XRP) investors have seen the value of their portfolios decline by over 21% in the past week, bringing it down to the $0.40 support level where it hovered around before a U.S. judge ruled it wasn’t a security in mid-2023.
While prices initially surged following the ruling, XRP has struggled to grow consistently in the past six months despite other top altcoins enjoying considerable growth.
XRP trading barely above the $0.40 support level makes tokens extremely cheap right now, and prices could grow by up to 70% in the next couple of months based on its price movements in the past year,
InQubeta (QUBE) has weathered the current crypto hailstorm well, as its presale ended with over $13.6 million in token sales. It’s already gaining a reputation as one of the best DeFi coins ever launched, thanks to its plan to bring artificial intelligence (AI) startups and investors on its crowdfunding blockchain.
Popular NFT crypto InQubeta (QUBE) highlights the vital role non-fungible tokens will play in decentralized finance
InQubeta looks to open up investments in the AI space to regular investors by allowing startups to use NFTs to digitize investment opportunities on its blockchain. A non-fungible token is a distinctive identifier on a blockchain that can’t be altered, erased, or duplicated.
NFTs were first developed on the Ethereum (ETH) network, but other crypto projects have since launched their non-fungible tokens. InQubeta’s blockchain runs on the Ethereum network, giving users on its ecosystem the programmability to create these tokens to represent opportunities they have to offer investors.
QUBE is the project’s governance coin and native currency. Investors use it to invest in companies they believe in by buying up fractions of the NFTs created by these companies on the blockchain.
QUBE is an ERC20 coin with a 1.5 billion cap on its circulating supply and burn taxes to cut down the supply even more. Its last price during the presale was $0.028, but its price is expected to reach as high as $3 in the next several months now that tokens are available on exchanges like Uniswap and MEXC.
InQubeta’s status as the first crypto crowdfunding project focused on giving more investors access to AI investments positions it for massive growth as investor interest in AI-focused firms grows exponentially. The total capital invested in AI was $12 billion in 2015, but it has now jumped to $120 billion. The AI craze will intensify in the next several years as more than $1.5 trillion enters the sector.
Platforms like InQubeta are positioned for substantial growth, much like how companies like Nvidia enjoyed a massive increase in stock prices after news broke that the demand for its AI-focused computer chips had increased.
What’s next for XRP?
Most of XRP’s price issues in the past year have been blamed on its ongoing case with the U.S. Securities and Exchange Commission (SEC). While Ripple Labs scored a minor victory when a judge ruled XRP wasn’t a security, leading to parts of the SEC’s case against the company falling apart, it still has some pending charges.
Ripple’s legal team will meet with the SEC on April 16 to examine the possibility of a settlement, and a favorable outcome could send prices skyrocketing.
If both parties can’t reach an agreement, the case will move forward with a grand trial set for April 23. Ripple’s legal troubles started in 2020 when the SEC accused the company of illegally raising over $1.3 billion.
Summary
QUBE is the best new cryptocurrency to invest in today, given the massive growth that’s currently projected. XRP could also be a good investment based on how cheap tokens are and the possibility of Ripple Labs soon putting its legal issues behind it.
