Competition is a major feature that drives development and fosters the growth of projects on the blockchain. The stablecoin space rarely sees newcomers, but crypto startup Ripple Labs, a highly controversial platform that continues to battle with the SEC over regulatory standards, has announced its venture into the scene. Ripple (XRP) is set to launch a stablecoin that will be 1:1 equivalent to the US dollar.
As exciting as the news is, short-term investors set their sights on other projects with the potential to skyrocket this April. Special attention is on the Quant (QNT) rival, InQubeta (QUBE), and Render (RNDR), a leading distributed GPU rendering network. InQubeta’s prominence is unsurprising as the project concludes its public sale and prepares to launch, offering access to exciting features with a low entry. This article delves into Ripple’s new USD stablecoin and the potential growth of the best altcoins, Render, and the Quant rival, InQubeta.
InQubeta (QUBE): The Leading AI Competitor
InQubeta is the trending AI token on the DeFi crypto list, with exciting and innovative features attracting institutional and retail investors. The project merges the artificial intelligence and blockchain industries on one platform, offering crowdfunding capabilities for users to support AI tech startups. Through this new ICO, users can hold equity in these companies minted into non-fungible tokens (NFTs).
The NFTs on InQubeta are fractionated to allow users to support multiple projects and earn from this diversity. This revolutionary model also allows users to spread their portfolios. These NFTs can be traded on a peer-to-peer marketplace, offering even more benefits to holders. A buy-and-sell tax imposed on all QUBE transactions is accumulated in a rewards pool, which holders can enjoy if they stake their tokens.
The presale for this new ICO is in its last legs, having raised upwards of $13.3 million. Over 961 million tokens have been sold, a testament that investors are intrigued by InQubeta’s offerings. From an initial price of $0.007, QUBE has soared by 300% and is now selling for $0.028. The project is preparing to launch at $0.0308 per token.
Ripple (XRP): Foraying Into New Markets
Ripple is extending its reach across the blockchain and into the DeFi and institutional spaces in response to a growing demand for trust, stability, and utility. The project is set to diversify user options while challenging established corporations like Tether (USDT) and Circle (USDC). These coins will not dominate for much longer, as Ripple has announced its foray into the market with a proposed token launch on the XRP ledger.
To achieve the 1:1 equivalence, Ripple’s stablecoin will be 100% backed by US dollar deposits, U.S. government bonds, and cash equivalents. The platform pledges transparency with monthly third-party attestations, ensuring trust and reliability. Despite the foray into the $150 billion stablecoin market, the network’s native token, XRP, did not soar as many would have expected following this announcement.
Render (RNDR): Long-Term Investment Options
Several tokens will soon be projected for a breakout, and Render falls into this list. The innovative blockchain technology has been slated for a massive rise, predicted to cross the $15 mark. A lot of the investor attention on RNDR is due to the recent AI boom, which has also favored other top AI-centric tokens like QUBE. The native token has surged by over 600% year-to-end, signifying its potential for growth and adoption.
Render offers a novel approach to digital content creation, enhancing the production, sharing, and monetization of digital renderings. By providing a decentralized market for Graphics Processing Units (GPUs), the project delivers the necessary computational power for machine learning training in AI. RNDR hit a new all-time high (ATH) in March when it traded for $13.60.
Quant (QNT): Innovative Overledger Technology
Quant has recorded a decline of nearly 5% in the past month. Even so, the token, which is popular for interoperability on the blockchain, has maintained its hold on the market, a benefit of being a pioneering network in this space. Despite this dip, analysts are gearing up for a surge following the recent announcement of new Overledger pricing plans and functionality on the platform that will favor IT users and developers. As the bulls regain their momentum, QNT is predicted to hit $130 soon.
Conclusion
The crypto market is set to feature exciting developments this year as Ripple announces its intention to launch a stablecoin that will be 1:1 pegged to the US dollar. The quest for the best altcoins to deliver significant gains in April has illuminated Render and the Quant rival, InQubeta. The AI token continues to deliver impressive results ahead of its launch. The features available on the platform showcase InQubeta’s potential for adoption and growth on the DeFi crypto list.