Messari’s Updated Tron Analysis; Traders Forecast Ripple and InQubeta to Hit Remarkable Prices
The post Messari’s Updated Tron Analysis; Traders Forecast Ripple and InQubeta to Hit Remarkable Prices appeared first on Coinpedia Fintech News
TRON (TRX) has been a good crypto investment in the past 12 months, generating 77% returns for investors. Messari, a cryptocurrency analytics firm, recently published its report on TRON’s performance in the last quarter of 2023. According to the report, the project’s market capitalization grew from $5 billion to $9.4 billion. Prices are poised for more growth in 2023, especially if Bitcoin’s (BTC) price surges exponentially as expected.
DeFi crypto coin InQubeta (QUBE) outperformed TRON in 2023, delivering 220% returns to its investors. The Ethereum-launched decentralized investment space intends to give investors easier access to artificial intelligence (AI) investments.
Ripple (XRP) is also expected to enjoy considerable price growth despite uncertainty about its legal status. BlackRock recently scrapped its plans to pursue an XRP spot exchange-traded fund for this very reason. Ripple prices surged as high as $0.83 shortly after a judge ruled it wasn’t a security, but they’re now back to $0.52, making them quite cheap.
Top ICO InQubeta (QUBE) flies past $8.6 million mark
InQubeta’s presale has generated over $8.6 million in token sales thanks to various factors like the solution it offers to investors who don’t have access to mainstream investing options, typically because they don’t meet their income requirements.
InQubeta aims to create an ecosystem that empowers AI startups beyond simply helping them raise capital while giving investors easier access to opportunities.
Investments in the artificial intelligence space have grown exponentially in the last several years and more than $120 billion is currently invested in companies that push innovations in the sector. Investments in AI are projected to top $1.5 trillion by 2030.
The massive flow of capital flowing into AI combined with InQubeta’s unique investment ecosystem sets the project up for exponential growth in the next several years. QUBE now sells for $0.0224, but tokens could be worth as much as $5 in the next few years.
A decentralized crowdfunding space
Startups obtain the funding they seek on the InQubeta network by selling ERC20 coins that serve as digital proof of investment opportunities. These coins cannot be duplicated and smart contracts guarantee investors get the rewards promised on them.
Some of the ERC20 coins sold on the NFT marketplace are equity-based, while others are reward-based. Equity-based tokens perform similar roles to stocks.
Investors can invest in any AI firm in the ecosystem by buying their ERC20 coins with QUBE. They can hold on to these coins for as long as they choose or resell them on the marketplace.
Breaking down Messari’s TRON (TRX) report
The TRON network almost doubled its market share during the fourth quarter of 2023, but that didn’t stop prices from dropping considerably during the first few weeks of 2024. The project ended the year with over $424 million in generated fees, making it the third largest cryptocurrency as far as fee generation is concerned, trailing behind Ethereum’s (ETH) $2.5 billion in fees collected, and Bitcoin’s (BTC) $797.9 million.
The total of TRX staked increased by 4% in Q4, and the circulating supply of tokens decreased by a million thanks to burn protocols.
Ripple (XRP) poised for surge
XRP is extremely cheap at its current $0.53 price given how high prices have gone in the past year. The project also recently reached a record high in new wallets, which shows a growing number of investors and users are buying up tokens.
The amount of XRP wallets with non-zero balances has increased to 5.08 million, a 170% increase from 2020. The possibility of XRP exchange-traded funds being approved should also help price growth, now that the US Securities and Exchange Commission (SEC) has approved BTC exchange-traded funds that meet its ETF acceptance criteria.
Summary
TRX, XRP, and QUBE are the top crypto coins to buy now. QUBE could deliver 10,000% returns to investors thanks to its investment ecosystem and the massive flow of capital into firms that help to advance artificial intelligence.
Filed under: Bitcoin - @ February 2, 2024 10:24 am