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The post Will Ripple (XRP) Reclaim Lost Support? Investors Opt for InQubeta (QUBE) and Sui (SUI) appeared first on Coinpedia Fintech News
The SEC decision on Bitcoin ETFs in January was followed by a downturn for many cryptos, such as Ripple, as investor sentiment post-BTC ETF turned bearish. This, along with Ripple’s (XRP) ongoing legal battle with the US SEC, saw the token nosedive, losing its $0.53 support in the process. This post will cover whether or not XRP will reclaim this level soon.
Meanwhile, hoping to ride the market’s rising wave, investors have been doubling down on Sui (SUI) and InQubeta (QUBE). These top altcoins are experiencing growing momentum and are expected to skyrocket, making them the best cryptos to buy now.
InQubeta (QUBE): Preparing to Skyrocket After Launch
InQubeta (QUBE) is the talk of the crypto community, especially among ICO enthusiasts. It stands out for several reasons, checking most, if not all, boxes. For starters, as one of the new ICOs, it has immense growth potential. Additionally, its innovative concept as a blend of AI and crypto makes it even more appealing to investors.
As an AI altcoin, InQubeta has been hailed as one of the most bullish narratives. With AI among the narratives to lead the next bull run, QUBE is arguably the best new crypto to invest in. It seeks to address key issues such as fundraising and market accessibility within the fast-rising AI sector.
Its upcoming crypto-based crowdfunding platform for tech startups and the custom-built NFT marketplace will be game-changers. To raise capital, startups will mint investment opportunities, represented as equity-based NFTs. Further, it will employ a fractional investment model through the dividing of tokenized real-world AI investments into bits. This will allow investors to become early backers of emerging AI startups, regardless of their income.
The ICO is currently in stage 7, and a token costs only $0.0224, with a staggering $8.6 million raised in early funding. According to expert forecasts, it will see a 7,000% jump, making it a worthwhile wave to surf.
Ripple (XRP): Aiming for the $0.53 Support
Ripple (XRP) is perhaps the most underwhelming of the top crypto coins. Its unimpressive run didn’t begin this year but in the third and final quarters of 2023. Initially, its partial victory against the US SEC in July pushed its price up, surpassing $0.7. However, it has been downhill from here.
Its bearish woes continued in February 2024, with token holders seemingly not catching a break. Following a significant price decline, XRP lost its $0.53 support, with some analysts predicting a free fall to $0.45 if the bulls fail to muster enough strength.
To reclaim this key support, there has to be a rise in the overall crypto market. As it stands, investor sentiment in XRP alone is low, but a surge in the wider market will see liquidity flow into Ripple. Till then, we wait.
Sui (SUI): An Investors’ Favorite
Sui (SUI) is a layer-one (layer 1) smart contract and blockchain platform. It supports a wide range of applications (dApps) with unrivalled speed and low cost, which are some of its competitive advantages. This enables developers to build cutting-edge and user-friendly projects.
Given its critical role within the crypto scene, it isn’t only a top altcoin but is among the best cryptos to invest in. It boasts staggering upside potential, which explains why investors are opting for Sui over other options.
If you wish to position yourself for significant gains, Sui is a good place to begin your search. According to expert predictions, the bulls will pump its price past $5 in the coming weeks, making it one of the altcoins to watch. To avoid FOMO (fear of missing out), you can grab a bag of SUI and HODL.
Conclusion
An overall market rise will see XRP mirror its price movement, pushing its price up enough to regain lost support. Meanwhile, InQubeta and Sui have become investor favourites. Aiming to skyrocket, you can become an early QUBE adopter through the link below.
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