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Ripple Labs, the company behind the Ripple payment protocol and XRP, the native utility token, announced the acquisition of Standard Custody. This is much-needed relief and excitement, considering the bearish pressure and FUDs within the ecosystem. While the deal awaits regulatory approval, it is a significant stride towards Ripple establishing its stance in the financial landscape.
In light of the above, holders can’t help but be optimistic, anticipating a bounce in the price of XRP. However, the price has yet to positively react to this development as it trails a bearish line.
In contrast, Chainlink (LINK) continues its bullish charge, reaching a new peak earlier this week. In addition, InQubeta (QUBE), an emerging crypto, is tipped to skyrocket by analysts after its launch, making it a recommended presale.
InQubeta (QUBE): Preparing for an 85x Upswing Post-Launch
Among the many eagerly awaited coins in the crypto market, InQubeta (QUBE) stands out as one of the most highly anticipated. The token is nearing its launch and is currently in the seventh stage of the ICO. To date, a whopping $9.6 million has been raised, highlighting investor confidence, and a token costs just $0.0224 at the current stage.
With analysts bullish, it is expected to skyrocket, tipping it for an 85x upswing after launch. This positions it as the best new crypto to buy and a bullish wave not to miss out on.
In addition to its astounding upside potential—obviously one of its biggest appeals—it further stands out thanks to its fascinating blend of AI and blockchain. As an AI altcoin, it aims to reshape the AI industry, particularly the fundraising landscape and accessibility to the market. It will build the first Web3 crowdfunding platform for AI tech startups through crypto and an NFT marketplace for AI fundraising and investment events.
Ripple (XRP): Acquisition of Standard Custody Announced
Ripple Labs has finalized the deal to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets. Although the deal is still awaiting regulatory approval, it has been stirring up quite a buzz. Industry leaders hailed it as a smart move, considering its ongoing lawsuit with the SEC regarding its regulatory status.
This acquisition highlights Ripple’s expansionary drive and the desire to solidify its stance in the financial landscape. It further represents another means for the fintech company to explore new opportunities and enhance its existing products. Upon approval, Ripple will become the custodian of all the firm’s existing licenses and registrations and boost its regulatory license portfolio, among other perks.
Although the deal is yet to be finalized—awaiting regulatory approval—XRP is yet to show a bullish inclination. There might probably be a price jump in the coming days. Till then, we wait.
Chainlink (LINK): On the Road to $50
Chainlink (LINK) hit the ground running, rising from $14 at the start of the year to breaking the $20 barrier. Despite several big events in the crypto scene, like the recently concluded DYM airdrop and the anticipated Wormhole airdrop—a snapshot of eligible wallets already taken—LINK has managed to stay in the spotlight.
Its critical role as a blockchain abstraction layer that enables universally connected smart contracts and its rising adoption are factors driving its growth. With further upside anticipated in the future, Chainlink is among the best cryptos to buy now.
According to analysts’ predictions, we might see Chainlink at $50—near its all-time high—before the end of 2024. This makes it one of the best altcoins on the market at the moment.
Conclusion
Ripple Labs recently announced the acquisition of Standard Custody, a move that has been generating quite a buzz. Nevertheless, XRP has yet to move upward—at least not significantly. Meanwhile, Chainlink continues its upward charge, aiming for $50 before the end of the year. Additionally, InQubeta is tipped to skyrocket after its launch, a wave you can ride by participating in the presale via the link below.
Visit InQubeta Presale
Join The InQubeta Communities
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