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With innovation being a consistent force, the aim of any crypto project is not just to meet market demands but to propel the industry into the next phase of development. The quest for efficiency, scalability, and real-world use cases drives the industry forward. Ripple (XRP) has been at the forefront of efficient transactions, and with its advancements, its poised to challenge industry leaders like Bitcoin and Ethereum in terms of efficiency. But amidst these top crypto coins, another entity is surging ahead with unparalleled promise: InQubeta.

InQubeta, with its native token QUBE, stands as a testament to the limitless possibilities AI technology holds. The world is on the brink of an AI revolution, and InQubeta is playing a significant role by offering a platform that enables fractional investments in AI startups. By doing so, InQubeta is democratizing access to the AI investment landscape.

The unique selling point of InQubeta is the seamless and efficient investment process it offers through its NFT marketplace. The platform employs QUBE tokens for these fractional investments, merging the worlds of AI startups and crypto enthusiasts. With a deflationary model in place for QUBE, its an enticing proposition for investors. Not only do they get a stake in high-potential AI startups, but they also benefit from the intrinsic value appreciation of QUBE.

But the allure doesnt end there. The InQubeta platform is underpinned by rigorous security and trust protocols. Its smart contract has been audited successfully by Hacken, reinforcing its commitment to safeguarding user interests. With a promising roadmap, featuring the launch of the InQubeta swap, DAO, and intentions to go multichain by Q1 2024, its clear that InQubeta is here for the long haul. Experts believe in its potential as one of the best altcoins to buy for 100x returns.

Returning to the spotlight, Ripples efficiency is gaining prominence. As the crypto space has evolved, Bitcoin and Ethereum have often been criticized for their scalability issues and energy consumption. Ripple, with its unique consensus protocol and more energy-efficient infrastructure, offers a transaction speed and cost-effectiveness that is poised to rival, if not surpass, Bitcoin and Ethereum.

With the push towards greener technologies and sustainability, Ripples efficiency could position it as a preferred choice for many institutions and individual users alike, who are increasingly conscious about the environmental impact of their crypto transactions.

Cardano, with its proof-of-stake mechanism, holds the promise of a more sustainable future for the blockchain world. Created with scientific research and peer-reviewed processes, Cardano provides a balance between security and sustainability. But beyond that, its commitment to global financial inclusion and the empowerment of unbanked populations positions it as more than just a cryptocurrency; its a movement for positive change.

With its impressive scalability, security, and sustainability features, theres little wonder why crypto enthusiasts see Cardano (ADA) as one of the best altcoins to invest in. As the project continues to roll out its phases and attain its milestones, the crypto space keenly observes, with many predicting it to be a mainstay in the top ranks of blockchain platforms.

InQubeta, with its visionary approach to AI investments, and Cardanos sustainable blueprint, indicate a shift in market dynamics. Its an exciting time to be part of the crypto universe, with potential wonders waiting just around the corner. Those willing to dive deep, research, and align with these groundbreaking projects may very well find themselves at the forefront of the next crypto revolution.

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Ripple Could Rise Above Bitcoin and Ethereum in Efficiency. The ... - Analytics Insight

August 19, 2023 10:00 PM | 2 min read

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The cryptocurrency world never sleeps, and this weekend was no exception. From SpaceX making a significant move with its Bitcoin (CRYPTO: BTC) holdings to revelations about Donald Trumps Ethereum (CRYPTO: ETH) stash, the crypto space was buzzing with activity. Lets dive into the top stories that shaped the weekend.

SpaceXs Bitcoin MoveAerospace giant SpaceX, under the leadership of Elon Musk, has reportedly offloaded its entire Bitcoin holdings, resulting in a write-down of a whopping $373 million. This decision comes after Musks previous endorsements of various cryptocurrencies, including Dogecoin (CRYPTO: DOGE). Read the full article here.

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Trumps Ethereum HoldingsFormer President Donald Trump has been revealed to hold a significant amount of Ethereum, valued between $250,000 and $500,000. This revelation comes after Trumps previous skepticism towards cryptocurrencies. Read the full article here.

Pomplianos Bullish Bitcoin PredictionProminent crypto investor Anthony Pompliano remains bullish on Bitcoin, despite its current price being more than 50% below its all-time high. He believes that the crypto industry is resilient and foresees a bright future for Bitcoin. Read the full article here.

Flokis Admiration for Fellow Meme CoinsCryptocurrency FLOKI (CRYPTO: FLOKI) has expressed its admiration for fellow meme coins, Dogecoin and Shiba Inu (CRYPTO: SHIB). The coin, inspired by a tweet from Elon Musk, has grown significantly since its inception and has collaborated with Musks brother, Kimbal Musk, on the Million Gardens Movement. Read the full article here.

Mysterious Shiba Inu Whale ActivityA mysterious whale has transferred a massive amount of Shiba Inu tokens, equivalent to approximately $40.7 million. This move comes amidst the launch of Shiba Inus new Layer 2 scaling solution, Shibarium. Read the full article here.

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SpaceX's Bitcoin Exit, Trump's Ethereum Stash And Floki's Meme Coin Love: Top Crypto Stories This Week - Benzinga

Bitcoin (BTC) price is down, but not out, only that the recent slump happened to close to the weekend, denying the market a chance for a rebuttal. As retail transitions to the weekend mode, the volume of trade is expected to reduce, with chances of few isolated large orders as whales step in. If they don't, BTC could step into the next week within the current low range. With it, Ethereum (ETH) price could follow suit, and for Ripple (XRP), unless something significant happens in the case against the US SEC, the remittance token may continue to mark time pendingMonday August 21updates.

Also Read: Bitcoin Weekly Forecast: More BTC liquidations than during FTX fallout, what's next?

Bitcoin (BTC) price is yet to recover from the 14% slump recorded during the evening hours of the US session. Currently auctioning at $26,036, BTC is below a crucial support level, the ascending trendline, which provided support for months, as indicated in the chart below.

With the Relative Strength Index (RSI) position at 18 and the histograms of the AO flashing red in growing volume, bears remain in the driver's seat. This means that Bitcoin price may still have a long ways to go before securing an uptrend.

One possible fundamental that could have steered Bitcoin price in the right direction is a favorable decision from the US Securities and Exchange Commission (SEC) concerning Grayscale's application for its Bitcoin Trust (GBTC) to be converted into an Exchange Traded Fund (ETF). However, considering the commission has delayed for the second time, the weekend may not record any significant action unless whales step in to take advantage of the weekend tranquility.

BTC/USDT 1-day chart

If sidelined investors and investors come in, Bitcoin price could find a footing to push north. While flipping the $$26,300 and $27,300 levels from resistance back to support would be a good sign, only a decisive candlestick close above the ascending trendline at $28,738 would invalidate the current gloom, with a possible foray to the $30,400 presenting next.

Also Read Bitcoin price dips to the $25,100 range with $820 million long positions liquidated across the market.

Ethereum (ETH) price reflects an almost similar outlook as BTC, indicating a long candlestick for the August 17 trading session and a short one for August 18 as the largest altcoin continues pulling north. This points to a tight correlation between BTC and ETH, with capital overflows from Bitcoin likely to drive Ethereum if the capital does come.

As in the case of BTC, the RSI is at 19, pointing to a weak price strength. The AO histogram bars do not inspire optimism either, pointing to the bears' position in the front row seats. Without a significant catalyst to drive Bitcoin price, ETH holders may remain within the $1,714 to $1,627 range for a while, possibly across the weekend.

ETH/USDT 1-day chart

On the other hand, should Bitcoin price start moving, ETH would easily follow suit, drawing north to breach the $1,813 resistance level. Higher, it could traverse the $1,891 and $1,941 resistance levels, respectively, before an attempt to reclaim the May 6 and mid-July highs above the $2,000 psychological level. A decisive daily candlestick close above this level invalidates the current bearish outlook. It would constitute a 20% flight from the current level.

Also Read: Ethereum Price Forecast: Indication of a 45% crash of bear trap?

Ripple price has been stuck around the $0.5010 level for the better part of the day after pulling back 20% from the August 17 low of $0.4226. While the token also looks to Bitcoin for influence, a lot depends on the ongoing lawsuit between Ripple and the US SEC after the court approved the regulators' request for an interlocutory appeal.

As reported, the SEC wants the Howey Test revisited, with a potential overturning of the Ripple victory on July 13. Just as the partial victory sent XRP north by unprecedented margins, the possibility of an overturn inspires fears. With this, Ripple price could hover around the current level for a while or draw toward the $0.4191 support floor.

The RSI at 23, coupled with the bars of the AO histograms in the negative zone, bolsters the bears' case, indicating a possible slump.

XRP/USDT 1-day chart

Conversely, a resurgence by XRP bulls could send Ripple price north, possibly foraying above the $0.5752 resistance level or higher past the $0.6840 level. In a highly bullish case, XRP could reclaim the $0.8193 resistance level, levels last seen around July.

Also Read:SEC vs Ripple, the legal battle intensifies as XRP holders expect new changes from SEC appeal

It depends on the transaction, according to a court ruling released on July 14:

For institutional investors or over-the-counter sales, XRP is a security.For retail investors who bought the token via programmatic sales on exchanges, on-demand liquidity services and other platforms, XRP is not a security.

The United States Securities & Exchange Commission (SEC) accused Ripple and its executives of raising more than $1.3 billion through an unregistered asset offering of the XRP token.

While the judge ruled that programmatic sales arent considered securities, sales of XRP tokens to institutional investors are indeed investment contracts. In this last case, Ripple did breach the US securities law and will need to keep litigating over the around $729 million it received under written contracts.

The ruling offers a partial win for both Ripple and the SEC, depending on what one looks at.

Ripple gets a big win over the fact that programmatic sales arent considered securities, and this could bode well for the broader crypto sector as most of the assets eyed by the SECs crackdown are handled by decentralized entities that sold their tokens mostly to retail investors via exchange platforms, experts say.

Still, the ruling doesnt help much to answer the key question of what makes a digital asset a security, so it isnt clear yet if this lawsuit will set precedent for other open cases that affect dozens of digital assets. Topics such as which is the right degree of decentralization to avoid the security label or where to draw the line between institutional and programmatic sales are likely to persist.

The SEC has stepped up its enforcement actions toward the blockchain and digital assets industry, filing charges against platforms such as Coinbase or Binance for allegedly violating the US Securities law. The SEC claims that the majority of crypto assets are securities and thus subject to strict regulation.

While defendants can use parts of Ripples ruling in their favor, the SEC can also find reasons in it to keep its current strategy of regulation by enforcement.

The court decision is a partial summary judgment. The ruling can be appealed once a final judgment is issued or if the judge allows it before then. The case is in a pretrial phase, in which both Ripple and the SEC still have the chance to settle.

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bad timing for BTC slump as markets weekend tranquil sets in - FXStreet

According to data from Greeks Live, more than $500 million worth of Bitcoin [BTC] options contracts are nearing their expiration. A similar situation has been observed for Ethereum [ETH], where over $200 million worth of ETH options contracts are also set to expire.

Read Bitcoins [BTC] Price Prediction 2023-24

The data revealed that approximately 22,000 BTC options were about to expire, with a Put Call Ratio of 0.55. Also, the maximum pain point was $29,500 and a total notional value of $580 million.

Furthermore, around 144,000 ETH options are reaching their expiration, with a Put Call Ratio of 0.51. The maximum pain point was $1,800 and a combined notional value of $240 million.

Cryptocurrency options are financial derivatives that grant traders the choice, but not the obligation, to either buy (call option) or sell (put option) at a predetermined price (strike price) within a specific time frame (expiration date).

The put-call ratio is a metric to assess investor sentiment and predict potential market direction shifts.

Additionally, a high put-call ratio (above 1) indicates more open-put options than open-call options. This suggests a bearish sentiment among investors, indicative of an expected price decline. Conversely, a low put-call ratio (below 1) indicates a higher count of open-call options than open-put options.

This implies bullish sentiment among investors, anticipating a price increase. The state of Bitcoin and Ethereum showed a delicately balanced market, with a move to either side possible.

Amidst the recent price downturn experienced by Bitcoin and Ethereum over the past few days, their funding rates have also experienced a notable decrease. As per a report from Coinglass, Bitcoin OI-weighted funding rate had fallen below -0.01%, a phenomenon not observed since 12 March.

Similarly, examining the Ethereum OI-weighted funding rate revealed a drop below -0.02%. Interestingly, this occurrence represented the second instance since March where Ethereum had encountered such a decline.

As of this writing, both cryptocurrencies saw positive funding rates, although Ethereum appeared to have made a more substantial recovery.

Illustrating the current unfavorable price trajectory of Bitcoin was its Relative Strength Index (RSI) line, which had entered the oversold zone on the daily timeframe. A closer examination of the chart revealed that over the past four days, BTC had incurred a nearly 10% loss in value.

As of this writing, its value had dipped to $26,000. Also, it was trending below its long Moving Average (blue line) for the first time in more than seven months.

How much are 1,10,100 ETHs worth today?

Furthermore, the price movement of Ethereum mirrored that of BTC. At press time, its RSI had also descended into the oversold zone. This aligned with a downward trend spanning the previous four days.

As of this writing, Ethereum was valued at approximately $1,600, displaying a minor increase. Notably, it had descended below its long Moving Average for the first time in over seven months.

Read more from the original source:

Bitcoin and Ethereums price drop sparks options expiry and negative rates - AMBCrypto News

XRP shows strength, surpassing two of the worlds leading cryptocurrencies in daily transactions.

Over the past few weeks, XRP has gained significant traction, surpassing top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) in daily recorded transactions.

Data from BitInfoCharts, a prominent crypto analytical site, has placed XRP ahead of Bitcoin and Ethereum in daily transactions since August 1.

As of Tuesday, August 15, the data showed that the XRP Ledger had recorded nearly 1.2 million daily transactions. Ethereum registered 1.05 million, and Bitcoin just over 582,000 daily transactions, respectively.

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XRP started registering daily transactions above 1M around mid-May. Thus far, the highest recorded XRP day-to-day transactions happened between May 28 and June 4, when the token recorded more than 1.65 million transactions.

XRPs recent resurgence could be attributed to Ripples court ruling against the United States Securities and Exchange Commission (SEC).

As reported earlier, Judge Torres ruled Ripples programmatic sales of XRP on secondary markets as non-securities, while Ripples XRP constitutional sales were considered securities.

The implications of Judge Torres verdict birthed hope for XRP as the token spiked by more than 90% following the courts verdict.

Following the above ruling, the SEC has filed for an interlocutory appeal to review Judge Torres verdict. The outcome of this appeal could significantly impact the price of XRP and activity on the XRP Ledger.

At the time of writing, CoinGecko data ranks XRP as the fifth largest crypto asset by market cap with $31,539,338,347.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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XRP Spikes Above Ethereum In Daily Transactions - The Crypto Basic