Monero (XMR) Bearish Pressure Increases as Binance Delisting Date Nears; Cardano (ADA) and InQubeta (QUBE) Capture Investor Interest

Just a few weeks into February, excitement has been on the rise in light of several developments. Wormhole, a cross-chain protocol, took a snapshot of its upcoming airdrop—a massive 1.7 billion $W—sending ripples of enthusiasm across the crypto landscape. 

At the same time, Binance’s announcement of its delisting of Monero (XMR), a privacy-focused altcoin, sent shockwaves across the crypto scene. As the date nears—February 20—bearish pressure increases, with holders dumping their XMR tokens amidst fear and uncertainty.

Meanwhile, Cardano (ADA) and InQubeta (QUBE) have captured investor interest. Hailed as the best cryptos to buy now, these are the cryptocurrencies to watch for explosive growth this year.

InQubeta (QUBE): An Emerging and Bullish AI Altcoin

InQubeta (QUBE) is an investor favorite thanks to being an emerging crypto with massive growth potential. In the seventh stage of the presale, a whopping $9.6 million has been raised, and a token costs only $0.0224.

Analysts predict it is the best new crypto to invest in, forecasting a 50x rally—a recommended presale. If you wish to position yourself for staggering gains, InQubeta is one of the most compelling options.

Undoubtedly, its anticipated surge post-launch has caught the attention of investors, but its innovative concept has further piqued their interest. As an AI altcoin—a bullish narrative—it seeks to address critical issues within the fast-rising AI sector. It will build the first crypto-based crowdfunding platform for AI startups to solve challenges around fundraising.

Further, its NFT marketplace will provide democratized access to the lucrative AI market. First, to raise capital, tech startups will mint investment opportunities, which will be represented as equity-based NFTs and divided into bits. This fractional investment model will allow investors to own stakes in AI ventures regardless of their income.

Monero (XMR): Growing Bearish Pressure

Earlier this month, Binance, the world’s largest exchange, announced the delisting of Monero (XMR), scheduled for February 20. Expectedly, this sent FUDs across the community, with XMR’s immediate reaction being a significant price drop. While the bulls have been able to gather momentum, the tussle with the bears heats up as the date nears.

With investor sentiment low, analysts anticipate a further decline in the price of Monero. According to forecasts, it will likely retest $100—a support that could potentially turn into a resistance.

The coming days are expected to be exciting, although probably not for current holders. For those who don’t wish to wade into these uncertain waters, traders are advised to overlook Monero, at least until it stabilizes.

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Cardano (ADA): Aiming for $1

Cardano (ADA) is a popular blockchain and smart contract platform. Following its remarkable recent performance, it is one of the best-performing altcoins, capturing investor interest. Aiming to create a new all-time high (ATH), it is among the best cryptos to buy now.

Its remarkable performance has seen it listed as one of 2024’s best altcoins. With further upside anticipated in the coming months, Cardano is a bullish wave not to miss out on. This explains the massive surge in interest among investors, who seek to position themselves for significant gains.

According to analysts, Cardano will reach $1 before the end of the year. Its current price represents a good entry point, positioning it as a good crypto to buy.

Conclusion

Monero shows bearish indicators as Binance prepares to delist it from the platform in the coming days. Meanwhile, Cardano and InQubeta have shown incredible market performance, capturing investors’ interest. On the verge of skyrocketing, you can participate in the QUBE presale via the link below.

Visit InQubeta Presale  | Join The InQubeta Communities

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Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

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