Investing during times of crisis can yield huge gains, and that’s a mantra that finance expert and Real Vision CEO Raoul Pal swears by. In a recent interview, Pal disclosed that he had bought Ripple (XRP) while the cryptocurrency was embroiled in a legal tangle with the US SEC.
He admitted to buying the token at a discounted price and expects it to skyrocket over time. He also said that a bull rally involving top tokens was unlikely to impact Ripple.
Ripple’s rise after the interview could rival only that of InQubeta (QUBE). The Ethereum-based crypto project was announced in 2023, and it helps startups find investment for artificial intelligence-led projects.
InQubeta has created quite a storm in the market with its presale funding – currently $7.2 million. Hailed as one of the best new ICOs, InQuebta is also attracting many retail investors and is gaining popularity on Reddit.
InQubeta: DeFi boost for AI startups
InQubeta has impressed many with its seamless mechanism that serves the interests of both startups and their investors. Its native cryptocurrency is the QUBE token which is powered by the ERC-20 Ethereum network.
Startups looking to raise funds connect with investors through InQubeta’s NFT marketplace. Rewards-based offers submitted by startups are tokenized and sold at the portal. If an investor likes a startup’s project they can purchase the NFT or a fraction of it with their QUBE tokens.
The top altcoin packs a punch when it comes to features like a deflationary model. The specific feature makes it a portfolio-friendly asset that can easily weather market storms.
One might have seen regular assets lose value when inflation is high or in volatile markets. The deflationary model averts such situations by manipulating the supply.
The supply is regulated in a way that the demand for QUBE tokens is always more than the supply. The demand-supply imbalance prevents price fluctuations and keeps the cryptocurrency’s value stable. If there is an unprecedented uptick in supply, it’s corrected by burning the spare tokens.
A similar mechanism is used to prevent tax proceeds from impacting the token supply. When there are too many QUBE tokens sold or bought, the tax collected on such transactions may push their supply.
To avoid that, a small chunk of the tax proceeds are destroyed. The rest is used for maintaining the liquidity and rewards pools, among other uses.
The platform is run through a decentralized governance structure where all crucial decisions are collectively taken by the InQubeta community. Proposals for protocol changes are presented before the community and are discussed to analyze their impact. These proposals can also be moved by the community members as well.
As token holders have special voting privileges, they exercise the right to decide if a proposal should be implemented. The mechanism ensures that unwanted proposals are weeded out, and the token holders are encouraged to make the right decisions.
Palau goes ahead with the second phase of the stablecoin programme
Ripple is a crypto exchange and crypto payment solution rolled into one. The decentralized platform makes blockchain solutions convenient for businesses. It’s built using the XRP Ledger technology which is linked with enhanced scalability, efficiency, and security.
Ripple’s native token is known as XRP, and it’s used for all transactional purposes on the network. It has been unfazed by the launch of new altcoins because of its robust code architecture.
Using Ripple’s flagship solutions, enterprises can transform the way they manage their business to boost growth, lower expenses, create new revenue streams, and connect with new audiences.
Enterprises can leverage their payment solution to speed up transactions that are settled in real-time. They can source cryptocurrencies for their treasury operations and payments.
Ripple is not only catering to businesses but is also helping countries across the world jump on the crypto bandwagon by issuing Central Bank Digital Currency (CBDCs). These CBDCs are created on a private ledger that is based on the XRPL technology.
Palau is among the countries that have partnered with Ripple to issue an official cryptocurrency. Its government recently announced that it has started the second phase of the Palau Stablecoin Programme. The digital currency is pegged to the US Dollar.
Conclusion
Ripple and InQubeta currently occupy the top positions in every analyst’s list of best cryptos. They leverage blockchain technology to make DeFi solutions more approachable for businesses, irrespective of their size.
Ripple is helping central banks to roll out digital currencies and InQubeta is promoting AI startups. Together, these two coins can be accumulated to yield a diverse and high-growth portfolio. These two tokens show how DeFi can drive global impact and business growth.
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Source: https://coinpedia.org/press-release/ai-altcoin-gains-popularity-on-reddit/