Ripple Unloads 120M XRP Over 5 Days; Eos and Cardano Challenger Records Impressive Gains
The post Ripple Unloads 120M XRP Over 5 Days; Eos and Cardano Challenger Records Impressive Gains appeared first on Coinpedia Fintech News
The optimistic mood of the crypto market due to the crypto ETF mania seemed short-lived. The spot ETFs debuted in the US markets on January 10 and since then have been clocking high investor inflows.
While analysts were busy discussing regulatory challenges for ETFs, Ripple (XRP) had other things planned. The business-centric cryptocurrency recently unloaded 120 million tokens within five days. Market experts are still in the wait-and-watch mode to give a clearer picture of the cryptocurrency’s prospects.
One ray of hope was the rise of InQubeta (QUBE). The Ethereum-based platform was launched last year and it helps startups leverage blockchain-based tools for growth.
It is now challenging the gains made by popular altcoins like Cardano (ADA) and Eos (EOS). Since last year, InQubeta has had a pride of place in leading analysts’ best cryptocurrency ICO lists for 2024. Currently, its presale funding has reached $9.7 million.
InQubeta: Leading AI startups to successInQubeta helps startups find various solutions for business growth on one platform. For example, using InQubeta’s NFT portal, they can find investors. The offers they submit for potential investors are tokenized into NFTs and sold. Crypto users can buy these NFTs to invest in projects. They can only use InQubeta’s native cryptocurrency, the QUBE token, to purchase these assets.
The QUBE token comes with a range of features that can drive financial empowerment and will end your concerns about what cryptos to buy now.
Analysts have dubbed InQubeta as the best cryptocurrency to buy for AI enthusiasts given how it creates an entire ecosystem for ensuring startups’ growth.
Not only does it help startups find backers for their projects, it also assists them connect with mentors and learn from their experiences. These mentors are veterans of the AI sector and can offer valuable insights.
If a startup finds it difficult to decode finances or accounting, InQubeta puts it in touch with its team of advisors. These professionals can pull startups out of finance and accounting-related challenges.
There are also resources available for brand outreach. On InQubeta, startups can connect with professionals from different backgrounds and grow their network.
To ensure that more startups and crypto users can benefit from InQubeta’s potential, its team plans to undertake several new initiatives shortly.
There’s a staking dApp on the cards which will make it easier to stake the QUBE token. The team is also in the process of getting the token listed on a centralized exchange
Eos unlocks new milestone in Q4Eos is a decentralized platform where developers can find tools for building scalable and flexible dApps. It gives developers the leeway they need with custom smart contracts and programmable architecture.
The native token is known as EOS and it is used for settling all transactions on the platform. Given the impressive gains it netted in the past few months, it is counted among the altcoins to watch out for this year.
The cryptocurrency was in the news recently after it unveiled its achievements in the EOS Network Q4 report.
According to the report, EOS unlocked major milestones in areas like developer relations efforts, technical developments, and notable growth metrics.
Cardano sees over 6,000 smart contracts in FebruaryCardano is a platform built on an Oracle-based protocol. Developers prefer the platform as it helps them create power-packed dApps.
Its native token is ADA and it’s the official medium of exchange within the InQubeta ecosystem. The network is secured and transactions are confirmed with the proof-of-stake consensus protocol.
Its strong growth in the market has shifted the crypto community’s attention from the legal aspects of BTC ETFs to where the cryptocurrency is headed.
One of the reasons behind its success is its rising user activity. In February alone, Cardano has recorded over 6,000 Plutus smart contracts.
ConclusionThe DeFi market continues its impressive run in 2024 after witnessing the launch of many emerging cryptos. However, the availability of new options hasn’t meddled with the dominance of top names like Eos, InQubeta, and Cardano.
The three tokens are powered by growth-oriented models that simplify cryptocurrencies and make them easier to access.
The user-friendly interface of these ecosystems is supported by cutting-edge code architecture and highly secure platforms. These checks and balances assure crypto users that their assets are guarded by globally recognized security features.