The Role of an XRP ETF in Unlocking XRP’s Power; Litecoin and Emerging AI Altcoin Benefit from New Capital Inflows
The post The Role of an XRP ETF in Unlocking XRP’s Power; Litecoin and Emerging AI Altcoin Benefit from New Capital Inflows appeared first on Coinpedia Fintech News
Ripple has played an important role in the cryptocurrency sector for some time now, defined by a sizable market capitalization and strong partnerships. Despite this, its value has stayed relatively stagnant, prompting questions about what could unleash its full potential. Introducing an Exchange Traded Fund (ETF) may offer a potential answer.
Meanwhile, Litecoin (LTC) and InQubeta (QUBE) have garnered significant attention in the market, demonstrating promising upward momentum. As a result, these two crypto projects have seen new capital inflows from prominent figures in the crypto industry. Analysts said that InQubeta and Litecoin are among the best altcoins this year for those seeking to double their portfolios.
Let’s explore why InQubeta and Litecoin benefit from new capital inflow and the role of an XRP ETF in unlocking Ripple’s full potential.
InQubeta (QUBE): Unique Proposition Attracts Investors To Its Platform
InQubeta, the pioneering cryptocurrency crowdfunding platform, has seen a significant influx of new capital thanks to it enabling fractional investment in AI startups through QUBE tokens. The QUBE token is built on the Ethereum blockchain and leverages the benefits of this powerful technology. This new DeFi crypto platform establishes a seamless and secure investment ecosystem for AI startups and investors.
One of the allures of QUBE lies in its deflationary nature as an ERC20 token. This mechanism offers a distinctive investment avenue for crypto enthusiasts seeking the best crypto to buy for portfolio diversification. With a 2% buy and sell tax directed towards a burning wallet and a 5% buy and sell tax allocated to a dedicated reward pool, QUBE holders stand to garner rewards by staking their tokens. This appeals to those bullish on the growth prospects of AI technology startups and ensures token value.
The integration of NFTs into this new DeFi crypto ecosystem adds to why it’s getting so much attention from investors. Every investment opportunity is minted into an NFT and fractionalized, allowing investors to participate according to their budgetary constraints while reaping the benefits of early backing. InQubeta’s NFT marketplace is a pivotal platform for AI startups to raise capital by offering reward and equity-based NFTs. Also, QUBE token holders can seamlessly invest in projects aligned with their convictions, fostering a symbiotic ecosystem that mutually benefits both parties.
The presale has witnessed a remarkable capital inflow, raising over $9.9 million. Stage seven of the presale is in progress, with over 800 million tokens sold at the designated presale price of $0.0224. With only 17 million coins still available at this price, investors searching for the best crypto to buy can take advantage and participate in the ongoing QUBE presale.
Litecoin (LTC): Achieving Important Milestones and Reaching All-Time High
Based on recent data, the year 2024 has proven highly productive for Litecoin thanks to increased network activity. In a social media post from February 9th, Santiment drew attention to LTC’s stable surge, leading to a value of $71.2. This suggests an anticipated bull market and a probable shift in broader market trends.
The Relative Strength Index (RSI) for Litecoin has reached a two-month high, indicating a surge in buying momentum as cash inflows from investors continue. In its tweet, Santiment also explained the dormant and low trade volume on LTC, signaling a surge.
Ripple (XRP): Ben Armstrong Proposed The Date For the XRP ETF Submission
In a video uploaded to YouTube on January 6th, the cryptocurrency influencer known as Ben Armstrong or Crypto BitBoy proposed that an XRP ETF application may be submitted in April 2024, aligning with the planned resolution of the ongoing lawsuit between the SEC and Ripple. If achieved, Ripple’s price could see significant growth, propelled by two pivotal mechanisms: utility and investment.
The XRP ETF could catalyze increased XRP use. Gathering XRP and channeling it into an institutional liquidity hub through the ETF could promote more active usage of the coin, boosting its usefulness and value in people’s eyes. Also, having the ETF available could attract new investors, driving up demand for Ripple.
Conclusion
An XRP ETF could unlock Ripple’s potential as a gateway to wider usage and attract new investors. InQubeta and Litecoin continue to benefit from capital inflow, making these projects the best altcoins to buy for a significant profit. With InQubeta, you can triple your investment this year by engaging in the ongoing presale. Participating is straightforward: visit the website and follow the clear instructions on acquiring the token.