Ripple Transfers 800 Million XRP Tokens, BNB Targets $400, InQubeta Gains Momentum after Surpassing the $4 Million Fundraising Milestone

In a move that has caught the attention of many, Ripple Labs transferred 800 million XRP from the one billion unlocked tokens back to escrow. This is a customary monthly unlocking by Ripple, a practice that started in December 2017 to maintain XRP’s price stability. In other news, Binance Coin (BNB) is gearing up to reach the $400 mark. Meanwhile, InQubeta (QUBE) gains traction after surpassing the $4.3 million fundraising milestone.

In this article, we will explore the potential impact of Ripple’s transfer of millions of XRP. In addition to this, we will cover why BNB and InQubeta are altcoins to watch.

InQubeta (QUBE): Passing the $4 Million Fundraising Milestone

InQubeta (QUBE) might not have the status of XRP and BNB yet, but it is fast becoming an investor favorite. It recently surpassed the $4 million fundraising milestone in its ongoing presale and currently stands at $4.3 million. It has been gaining significant momentum after crossing this mark and is well on its way to becoming the best ICO (initial coin offering). 

The InQubeta platform is a blend of AI and blockchain, which happen to be the world’s most transformative technologies. Its vision involves transforming the AI industry by introducing a new fundraising approach. This model allows AI startups to raise funds through cryptocurrency. This means that if you are an AI startup, you will be able to raise funds through crypto on this new crowdfunding platform.

This project is in the fifth stage of its ICO and is priced at $0.0161 per token. You can become an early adopter and earn substantial returns by following the link below. According to analysts, it will rise by 25x after its launch, making it the best new crypto to invest in.

Ripple Transfers 800 Million XRP: Bullish or Not?

Since 2017, Ripple Labs has been releasing 1 billion XRP tokens, a strategy implemented to maintain price stability. In all, it plans to release 55 billion XRP gradually—one billion per month over 55 months—to avoid a significant price impact. So, as November kicked off, one billion tokens were released. Interestingly, 800 million tokens were sent back to escrow, worth almost $500 million, leaving only 200 million XRP to be released into the market later.

Immediately after the token release, XRP declined by over 3% but gained ground after 80% were sent back to escrow. So, will we be seeing an XRP surge in the coming days or weeks? Likely. If you wish to position well for November, we suggest considering this token, as it is a good crypto to buy.

Binance Coin (BNB): Road to $400

Binance Coin (BNB) is the native utility token of the Binance ecosystem, which launched in 2017. If you wish to invest in one of the market’s top altcoins, BNB is a great choice, as it ranks as a top ten cryptocurrency. In recent developments, it has been on an uptrend. But how high can it go?

With the year fast coming to an end, BNB is aiming for the $400 mark. It has been gaining momentum and could reach this milestone based on its market dominance. In addition to this, BNB has an active community, which will be integral to achieving this goal. So, we suggest fastening your seat belt and enjoying the ride.

Conclusion

The transfer of 800 million XRP back to escrow is expected to have a positive price impact. In addition to this, the current momentum of BNB will likely see it reach $400, according to experts' forecasts at least. Additionally, we believe InQubeta is a token to watch in the coming months following its impressive presale activity.

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