A development that recently took the crypto world by storm is the integration of the EVM side chain by XRPL. EVM, which stands for Ethereum virtual machine, allows the execution of smart contracts on the Ethereum blockchain. This move will see XRPL adopt a new phase of blockchain technology. Unsurprisingly, this development has been met with huge enthusiasm in the XRP community. Many have tagged it as a potential catalyst for a price surge in Ripple (XRP).
Another project stealing the spotlight, albeit in the ICO (initial coin offering) space, is InQubeta. After raising over $5.2 million in its ongoing presale, the project has set its sights on $6 million as its next goal, intending to become the best ICO of 2023.
This post will cover the benefits of XRPL’s EVM side chain and its potential impact on the price of XRP. Additionally, it will explore why InQubeta is one of the new DeFi projects to watch out for.
InQubeta (QUBE): Aiming For $6 Million Fundraising Milestone
InQubeta (QUBE) has been at the center of the frenzy in the crypto landscape. Currently in its presale phase, it has raised a staggering $5.2 million, aiming for the $6 million fundraising milestone next. The massive participation in its presale is due to the problem it aims to address and its enormous growth potential. Therefore, it is not only a top ICO but also the best new crypto to invest in.
The issue it aims to solve involves the fundraising challenge in the AI sector. Also, it seeks to make the AI market accessible to investors by employing a fractional investment model. It will address these issues by becoming the world’s first crowdfunding platform for AI startups through cryptocurrency. Therefore, instead of the currently unsustainable fundraising model in the sector, startups can raise capital by minting investment opportunities and offering them as fractionalized NFTs to investors.
Furthermore, its low entry point is another aspect of its appeal and a contributing factor to the surge in its demand. It is in the fifth stage of its presale, and a token costs only $0.0161. InQubeta’s growth potential from its current price is significant. After all, it will be transforming the future of the world’s most disruptive innovation: AI. You can participate in the presale by following the link below.
Ripple (XRP): Launch of EVM Side Chain
The Ripple (XRP) community is currently abuzz following the integration of the EVM side chain by XRPL. This move has been tagged as a potential catalyst for a price jump. Does this mean we might be seeing a significant XRP pump? Highly likely. This makes it one of the best coins to invest in at the moment. So, what does the EVM side chain mean for XRPL?
This advancement in XRPL will make it compatible with Ethereum. It will be an easy way to become familiar with the XRPL ecosystem while benefiting from familiar languages and tools. So, Ethereum-based developers and new developers can launch new products and build utility around its liquidity.
It is also worth mentioning that there will be various benefits to enjoy by using the EVM sidechain. These include lower fees, faster block times, and various characteristics of the Ethereum network. Ultimately, developers will find it seamless to launch projects on the XRPL side chain, which will further bolster the XRP ecosystem and likely push up its price.
Conclusion
XRPL integration of the EVM side chain is expected to improve the XRP ecosystem as well as push up its value. In addition, the excitement around InQubeta, an up-and-coming project, is due to the problem it aims to solve and its immense growth potential. Therefore, it is positioned, along with XRP, as one of the best cryptos to invest in.
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Source: https://coinpedia.org/press-release/xrpl-integrates-evm-side-chain-inqubeta-targets-six-million-fundraising/