Why Cardano (ADA) Will Outpace XRP in Race to $1 as InQubeta Launches on Uniswap

Amidst the broader crypto market correction, a new AI-focused project, InQubeta (QUBE), has recently made its debut. The project...

The crypto market has been experiencing a correction phase, with most altcoins struggling to maintain their recent gains. In the top 10 altcoins globally, we have an interesting situation where two coins, XRP and ADA, are priced very similarly.

Looking at the technical indicators, the 200-day moving average for ADA stands at $0.45. This suggests that the coin is trading above its long-term trend line, indicating a bullish signal. Also, if any even more major correction happens, this level might act as a strong support level. Compared to XRP, which has been mostly flat for several months, Cardano appears to have a better chance of reaching the $1 mark. XRP’s price spike in July 2023 after a positive court ruling against the SEC was quickly rejected at the $0.92 level and has not been able to revisit that area since.

InQubeta is a platform that focuses on crowdfunding for AI startups. It offers users the opportunity to invest in AI projects through its innovative ecosystem powered by the QUBE token, which is an ERC-20 utility and governance token.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cardano ‘overtakes’ Ethereum – Here’s why it should matter to ADA holdersThere has been a significant rise in development endeavors within the Cardano ecosystem, leading it to outshine Ethereum.
Read more »

Cardano: Is $1 still on the cards for ADA’s price prediction?Cardano maintained a bullish long-term outlook but technical analysis suggested that investors need to be prepared for another ~20% drop.
Read more »

Cardano’s Hoskinson shares his 2030 forecast, but it excludes ADAHoskinson's AI passion reflected in insightful forecasts on performance-driven open-source models' emergence is longstanding.
Read more »

Cardano [ADA] holders’ panic sale – Was it the right thing to do?If you find someone humming 'Count your blessings, name them one by one,' he/she may be a Cardano [ADA] holder who decided
Read more »

Can Cardano find its footing after ADA’s 10% drop?According to IntoTheBlock, Cardano [ADA] has again thumped other Layer-1 blockchains to the top spot in development activity
Read more »

Cardano has a new stablecoin; here’s what it means for ADA’s priceCardano [ADA] recently witnessed a major development in its ecosystem as a new stablecoin was launched on the blockchain.
Read more »