The post Ripple’s XRP Explodes to $0.71, While Solana (SOL) and InQubeta (QUBE) Show Bullish Indicators appeared first on Coinpedia Fintech News
Ripple’s (XRP) price exploded to $0.71 recently, coinciding with the increased transactional activity coming from its whales. In addition, the metrics of Ripple’s social media dominance have increased impressively. These developments suggest a sustained bullish trend is on the horizon for the XRP token. On a similar note, two decentralized finance (DeFi) cryptos, Solana (SOL) and InQubeta (QUBE), are also showing bullish indicators.
Solana has been on an impressive rally in the past month, and its price has exceeded its previous $40 support level. InQubeta’s blockchain ICO, which provides an opportunity to benefit from the fusion of artificial intelligence (AI) technology and blockchain investment, has also seen broader participation.
The following sections explore the reasons behind the price explosion of XRP, as well as Solana and InQubeta’s recent bullish signals.
InQubeta ($QUBE): Introducing New Investment Perspectives
As seen by a rise in the transactional activities of its native QUBE tokens, InQubeta is experiencing a bull run. As AI adoption grows, more participants are diversifying their portfolios with this blockchain ICO to harness the potential of AI-driven initiatives. In its 5th out of 10 presale stages, InQubeta has sold over 474 million tokens and amassed over $4.5 million in funding.
InQubeta is one of the best DeFi projects that differs from traditional blockchain investments with innovative financing models. It adopts a fractional investment approach that lets investors with varying budgets participate in the project. Equity and inclusivity also extend to ownership of portions of trending NFTs (non-fungible tokens), with an NFT representing a portion of an AI-based project.
The InQubeta ecosystem also incorporates a deflationary investment model. The 2% buy and sell tax put on all transactions direct the proceeds to a burn wallet, reducing the total tokens in circulation with time. This strategy creates scarcity and potentially increases the token’s demand and price appreciation. Also, the implemented 5% sell tax contributes to a dedicated reward pool, incentivizing investors to stake their tokens and earn rewards.
These investment approaches have set InQubeta apart as the best DeFi initiative that ensures fairness, value retention, and appreciation for its token while encouraging long-term holdings.
Ripple (XRP): Recent Developments Buttress Positive Price Action
Two significant Ripple developments have fueled optimism across the crypto community, leading to its recent positive price movements. According to crypto analytics platform Santiment, wallets with 100,000 to 1 billion XRP now hold about 46% of the total token supply, reaching their highest level this year. XRP has passed the $0.60 level for the first time since mid-August, spiking to a 3-month high of $0.71.
Beyond the whales’ accumulations, XRP‘s price surge is underpinned by its recent dominance in social media discussions and headlines. This dominance has been the case following the recent Dubai Financial Services Authority (DFSA) approval for licensed firms in Dubai International Financial Centre (DIFC) to incorporate and offer XRP to their clients. Additionally, Ripple’s collaboration with the National Bank of Georgia (NBG) on a pilot project using Ripple’s CBDC (Central Bank Digital Currency) platform has also sparked discussions.
Solana (SOL): Witnessing Significant Price Rally
Solana’s price has skyrocketed from its yearly lows to a new high. This bullish momentum has made some investors capitulate to the price action to gain some profit. SOL now trades around $42, with the monthly chart seeing a 77% increase. Since this rally began, Coinbase users have purchased millions of SOL tokens, which has proven to be a significant source of bullish pressure for the cryptocurrency, according to data tracked by Kaiko.
In the past two weeks, SOL’s Cumulative Volume Delta (CVD) has increased by nearly $1 million on Coinbase, indicating net capital inflows. The CVD metric tracks the net difference between buying and selling volumes over time. Solana’s positive values show a running total of net bullish pressures, indicating an excess of purchase volume.
Conclusion
As Ripple’s price explodes to $0.71 amid impressive developments, the community focuses on Solana and InQubeta as they display bullish signals. The InQubeta platform presents a decentralized investment opportunity that allows the acquisition of trending NFTs and harmonizes innovation in AI-driven startups. With its appealing financing models and the anticipation of each QUBE token price going from $0.0161 to $0.01925 in the upcoming presale stage, investors are getting bullish on the project.
#PressRelease [Source: Coinpedia]