MicroStrategy Adds $593 Million BTC in November, Investors Brace For Rally; XRP Stagnates at $0.6, While InQubeta Skyrockets
The post MicroStrategy Adds $593 Million BTC in November, Investors Brace For Rally; XRP Stagnates at $0.6, While InQubeta Skyrockets appeared first on Coinpedia Fintech News
Earlier this week, MicroStrategy announced the purchase of an additional 16,130 BTCs, worth approximately $593 million. At the moment, the firm’s total Bitcoin holdings stand at 174,530 BTCs. This move further improves confidence in Bitcoin, with investors maintaining bullish optimism. Meanwhile, Ripple (XRP) hovers around $0.6, showing no directional bias. At the same time, InQubeta has been gaining massive traction in the ICO space, raising a whopping $6 million.
This post will cover MicroStrategy’s acquisition of additional BTCs and XRP’s underwhelming performance. Further, it will explore why InQubeta is one of the best coins to invest in.
InQubeta (QUBE): Why You Should Have It in Your Portfolio
Positioning for long-term gains is one of the best ways to make it in the crypto space. Positioned for such massive gains is top ICO, InQubeta (QUBE). It recently reached an impressive fundraising milestone: $6 million. Given its imminent adoption and growth potential, it is a token you don’t want to miss out on.
Amidst the sea of crypto projects with little to no utility, InQubeta stands out for the critical problem it aims to solve. It will become the first crowdfunding platform for AI startups through crypto, solving the fundraising issue in the industry. In addition, it will democratize access to this lucrative market, allowing investors to participate irrespective of their income level.
To source funds on this novel platform, developers only have to mint investment opportunities, which will be represented as equity-based NFTs. Their purchase by investors will result in the raising of funds in exchange for stakes in AI projects.
Furthermore, its immense growth potential is another reason why it shouldn’t be overlooked. According to top analysts, the token’s price will increase by 40x after launch, which makes it the best new crypto to invest in. Currently, the presale is in the fifth stage, and a token costs only $0.0161, which is a low entry point.
MicroStrategy: Improved Bitcoin Holdings
MicroStrategy is a software analytics company. Last week, it announced the purchase of an additional 16,310 BTCs. At the time of purchase, it was worth approximately $593 million, with an average price of $36,785 per token.
This strategic move increased the firm’s total Bitcoin holdings to 174,530 BTC, valued at $6.6 billion. This large purchase has improved investor confidence, hence the anticipation of a price rally. According to popular forecasts, Bitcoin will see a significant jump in price after finding key support at $39,000. At the moment, it is the best crypto to invest in.
Ripple (XRP): Stagnation Around $0.6
Ripple (XRP) has been in the spotlight for the majority of the year, from its explosive growth to successive victories against the SEC in ongoing lawsuits. It is one of the most popular cryptocurrencies on the market and a top crypto to invest in. XRP further stands out for the important role it plays in the crypto space: cross-border transactions.
However, it has been underwhelming of late. It has stagnated around the $0.6 level, showing no directional bias. This has prompted investors to ask, “When will it rally?†While it was the standout token in the previous quarter, XRP has been unappealing so far.
Nevertheless, analysts are optimistic about a price jump soon. An ambitious forecast sees XRP at $1 before the end of 2023. While it is difficult to say if it will reach this mark, such predictions highlight XRP’s growth potential and how it is a good crypto to buy.
Conclusion
The crypto community is bullish following the purchase of $593 million worth of BTC by MicroStrategy in November. However, confidence in XRP appears to have taken a dip after its stagnation, with investors hoping for a rally. Meanwhile, InQubeta continues to capture investor interest as it gears up for its 40x increase.
