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Beginner cryptocurrency investors often find themselves at a crossroad, wondering which is the best cryptocurrency to buy now that holds the most promise. The inherent volatility of the crypto market keeps us on all our toes. It’s only natural to seek clarity, especially as we dive into the abyss of predictions and speculations.
In this article, we explore the recent journey of $XRP, the fifth-biggest cryptocurrency by market capitalization, and examine the question on everybody’s mind: is XRP the real deal? Plus, we look more closely at InQubeta ($QUBE), an emerging player in the crypto landscape, as one of the better alternatives in this dynamic space.
Summary
Is XRP the Real Deal?
The crypto market has witnessed its fair share of turbulence, and October 16 brought about substantial price fluctuations across major top crypto coins. Amidst that chaos, Ripple ($XRP) attempted to reclaim the psychologically-important $0.05 mark. Unfortunately, it faced notable supply pressure from above, highlighting the challenges this digital asset faces.
$XRP’s price experienced a sharp decline of 11.2% this month, plummeting from its high of $0.548 to its October 18 level of $0.4917 according to CoinMarketCap. This decline pierced through the support trendline of an ascending triangle pattern, which is considered a bullish signal. On top of that, this behavior indicates that bears are dominating the market, and the downward trend might persist.
If sellers manage to break below the retest candle’s low at $0.485, it could pave the way for a further 6.5% decline, potentially reaching the combined support level at $0.458 and a longer-term trendline.
Bitcoin ($BTC) and Ripple ($XRP), two of the top 5 cryptocurrencies, have both been on the uptrend since the beginning of 2023. Nonetheless, $XRP’s higher volatility and its proximity to its previous swing low of $0.45 hint at a weakening buyer convention, making it a potentially less appealing investment option in the current market landscape.
So, the big question is, is $XRP the real deal, or should investors be considering alternatives in this ever-evolving crypto market landscape? One such alternative that has been gaining attention is InQubeta ($QUBE).
InQubeta As a Better Choice
InQubeta ($QUBE) represents a gem in the crypto landscape thanks to its solid fundamentals, novelty, and value proposition. As a token in its presale stage, it has massive growth potential. The presale is currently at Stage 4 and priced at $0.0133, with experts predicting a surge of 2,700% in the future months.
Numerous factors contribute to its promising outlook. For example, InQubeta ($QUBE) is positioned at two of the world’s most disruptive innovations: blockchain technology and AI. Its unique offerings revolve around reshaping the fundraising landscape of the AI sector and offering democratized access to it. Hence, adoption will convert into an explosive increase in the token’s value, positioning $QUBE as the best crypto to invest in.
Another thing that adds to its appeal is its vibrant ecosystem that’s mutually advantageous to investors and startups. Within its non-fungible token (NFT) marketplace, AI-based startups can raise funds via $QUBE through minting investment opportunities. Investors can hold stakes in profitable AI investments by buying fractionalized NFTs that represent them.
InQubeta’s distinct concept focuses on revolutionizing the AI fundraising landscape. To that effect, it plans to become the first crowdfunding platform for AI startups through its ERC20 coins.
The platform also seeks to democratize access to the AI market by introducing a fractional investment model and NFT technology. There’s no doubt that InQubeta ($QUBE) is one of the best new DeFi projects to watch now in the crypto landscape. It has been gaining significant traction as evidenced by its growing Twitter following.
In Summary
The cryptocurrency market is ever-evolving. While $XRP has demonstrated some signs of weakness in recent times, it remains a good crypto to buy. Nonetheless, there are alternatives investors can consider, such as InQubeta ($QUBE). With its advanced approach to combining blockchain technology and AI, significant growth potential, and solid presence in the crypto community, it’s a promising option for those seeking to diversify their crypto investments.
*This article was paid for Cryptonomist did not write the article or test the platform.
