The content and materials featured on this page are for educational purposes only. Ripple is challenging the SEC’s claims of a $2 billion penalty, emphasizing that institutional sales of XRP tokens are much smaller, not exceeding $10 million.
The company also accuses the agency of targeting players in the crypto market. Meanwhile, the interest in Shiba Inu and a new AI altcoin named InQubeta is growing, with the latter making significant strides in the crypto market.
InQubeta, a new AI altcoin, recently launched on Uniswap and MEXC after raising $13.6 million in a massive presale. Analysts are optimistic about its potential for substantial growth and foresee a 30x upswing in the coming months.
In addition to its profit potential, InQubeta aims to play a vital role in the AI sector, addressing fundraising challenges for AI tech startups through its crypto-based crowdfunding platform. Ripple’s legal battle with the SEC has seen some progress, with the partial victory in July 2023.
However, the company was found guilty of institutional sales of XRP tokens, leading to the SEC’s demand for a $2 billion penalty. Ripple has countered this, stating that the fine should not exceed $10 million and expressing confidence in an imminent end to the legal dispute.
As a result, XRP has been gaining momentum and is viewed as a promising investment option. Whales, a term in the crypto market referring to significant investors, have shown interest in Shiba Inu, which is seen as an altcoin to watch due to its low price and growing retail appeal.
With InQubeta also gaining traction, it is considered one of the leading cryptos to invest in at present. However, it’s essential for users to conduct their own research before taking any actions related to the companies mentioned.