MicroStrategy added $593 million in BTC in November, poised for investors to rally. XRP stagnates at $0.6 while InQubeta soars.
Earlier this week, MicroStrategy announced that it had purchased an additional 16,130 BTC worth approximately $593 million. The company’s total Bitcoin holdings currently stand at 174,530 BTC. This move further boosts confidence in Bitcoin as investors remain optimistic. Meanwhile, Ripple (XRP) hovers around $0.6 and shows no directional bias. At the same time, InQubeta received tremendous attention in the ICO space, raising a whopping $6 million.
In this post, we will cover MicroStrategy’s further BTC acquisitions and XRP’s disappointing performance. We also find out why InQubeta is one of the best coins to invest in.
InQubeta (QUBE): Why you should include it in your portfolio
Positioning for long-term profits is one of the best ways to succeed in the cryptocurrency industry. Positioned to reap these huge profits is InQubeta (QUBE), a leading ICO. It recently reached an impressive fundraising milestone of $6 million. Considering its imminent adoption and growth potential, this is a token you don’t want to miss.
In a sea of cryptocurrency projects with little to no utility, InQubeta stands out for the important problem it is trying to solve. It will become the first crowdfunding platform for AI startups through cryptocurrency, solving the industry’s funding challenges. It will also democratize access to this lucrative market, allowing investors to participate regardless of their income level.
To raise funds on this new platform, developers only need to create investment opportunities represented by stock-based NFTs. Purchases from investors will raise funds in exchange for a stake in the AI project.
Moreover, its enormous growth potential is one reason why it should not be overlooked. According to a top analyst, the token price will rise 40 times after launch, making it the best new cryptocurrency to invest in. The pre-sale is currently in Phase 5 and the token cost is only $0.0161, providing a low entry point.
MicroStrategy: Enhanced Bitcoin Holdings
MicroStrategy is a software analytics company. Last week, it announced the purchase of an additional 16,310 BTC. At the time of purchase, it was worth approximately $593 million, with an average price per token of $36,785.
This strategic move brought the company’s total Bitcoin holdings to 174,530 BTC, worth $6.6 billion. This large-scale purchase is expected to increase investor confidence and lead to higher prices. According to popular predictions, Bitcoin will see a significant price increase after finding the key support level at $39,000. It is currently the best cryptocurrency to invest in.
Ripple (XRP): Stuck around $0.6
Ripple (XRP) has been in the spotlight for most of this year, from its explosive growth to its string of wins against the SEC in ongoing litigation. XRP is one of the most popular cryptocurrencies on the market and the best cryptocurrency to invest in. XRP is also more prominent in cross-border transactions, an important role it plays in the cryptocurrency space.
However, it has been sluggish recently. It plateaued at the $0.6 level, showing no directional bias. This has led investors to ask the question, “When will there be a rally?” Although XRP was a prominent token in previous quarters, it has not been very attractive so far.
Nonetheless, analysts are optimistic that there will be a price rise soon. Ambitious predictions suggest that XRP will hit $1 before the end of 2023. Although it is difficult to say whether this level will be reached, these predictions highlight XRP’s growth potential and that it is a good cryptocurrency to buy.
conclusion
The cryptocurrency community is optimistic after MicroStrategy purchased $593 million worth of BTC last November. However, confidence in XRP appears to have fallen after a slump as investors look for a rebound. Meanwhile, InQubeta continues to attract investor attention as it prepares to target a 40x increase.
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