While the crypto market experienced a downswing initially after the SEC decision on Bitcoin ETFs, there has been a rise in investor sentiment post BTC ETF—a market rally. Dymension (DYM), a new altcoin that soared following a $390 million airdrop, and InQubeta (QUBE), an emerging AI crypto, have emerged as the week’s biggest winners.
Meanwhile, Ripple’s long-awaited XRP Ledger (XRPL) Clawback Amendment launch on the mainnet has also been stirring up quite a buzz. It went live after it was enabled on February 8, intended to further bolster XRPL’s security and token asset management tools.
InQubeta (QUBE): Over $9 Million Raised in Presale
InQubeta (QUBE) recently soared past $9.2 million in presale earlier this week, making it one of the best performers—a top ICO. This massive participation is on the back of an overall market rally and rising confidence in QUBE’s potential as an AI altcoin. Further, its staggering upside potential can be linked to the huge show of interest in the ongoing presale.
As an AI altcoin, it aims to address critical issues within the fast-rising AI market. With fundraising and market accessibility identified as two of the most pressing issues within the sector, InQubeta’s crypto-based crowdfunding platform and NFT marketplace will address these challenges.
To raise funds, AI tech startups will mint investment opportunities on the marketplace as equity-based NFTs. Further, the fractionalization of these unique non-fungible tokens will allow investors to become early backers of promising AI ventures.
In stage 7 of the presale, a token costs only $0.0224. According to analysts, it is the best new crypto to invest in and is tipped for a 65x surge after launch. To position yourself for significant gains, participate in the ICO via the link below.
Ripple (XRP): Launch of XRPL Clawback Amendment
The long-awaited XRP Ledger (XRPL) Clawback Amendment is finally here. It is now live on the protocol’s mainnet after being enabled on February 8. According to data from XRPScan, version 1.12.0 of the Clawback Amendment went live after receiving 94.5% of votes, a staggering 33 favorable votes out of 35.
The massive show of support for this proposal—the percentage of votes in favor—suggests validators’ confidence in the upgrade the amendment will bring to the Ripple (XRP) ecosystem. If you are unsure about what Clawback is all about, it is a crucial enhancement to the XRPL’s token asset management tools.
This feature allows developers to exercise their authority to reverse token transactions in some scenarios, e.g., fraud. It can also be used to assist in account recovery in the case of lost access to credentials.
The XRP ecosystem is currently buzzing with excitement, but the market—not as much. It continues its underwhelming price movement as investor confidence continues to decline.
Dymension (DYM): The Week’s Biggest Winner
Dymenision (DYM) launched following a successful $390 million airdrop to users on February 7—the second-largest airdrop in 2024. With the mainnet live, DYM is among the trending altcoins, riding the wave of excitement and soaring. The community is also growing at a rapid pace, with investors joining the bandwagon, positioning it as one of the best coins to invest in.
It is a Layer-one (L1) blockchain built using Cosmos technology and the Inter-Blockchain Communication Protocol (IBC) to connect with other chains. In essence, Dymension is built to enable developers to deploy app chains—RollApps.
With Dymension at the heart of the market buzz, investors have been adding to their bags, hoping to ride its growing wave. Despite being the week’s biggest winner, DYM boasts significant room for growth as it continues its price discovery—it is one of the best cryptos to buy now.
Conclusion
The mainnet launch of XRPL’s Clawback Amendment was met with excitement, although XRP continues its underwhelming market movement. Meanwhile, Dymension and InQubeta have emerged as altcoins to watch following their impressive performances this week. With more to come, you can participate in the QUBE presale via the link below.
