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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
The regulatory scrutiny by the US SEC in the first half of the year, specifically in June, did not just affect the tokens under scrutiny but had a ripple effect felt across the crypto landscape as the market plummeted. The upsides of XRP, MATIC, and Axie Infinity were capped, with InQubeta becoming the top performer in June.
While this article will discuss the performance of XRP, MATIC, and AXS in the face of regulatory scrutiny, we will delve more into QUBE, its ecosystem, and why it is a compelling investment.
InQubeta has been hailed as the future of AI technology, with its utility token, QUBE, being used to invest in and back AI tech startups. InQubeta has experienced immense presale success, with over $900,000 raised so far, which resulted in it being a top performer in June. With more growth to be registered, InQubeta is poised to register more success in the coming months, making it one of the best tokens to hold.
As the world's first cryptocurrency platform that allows AI tech startups to raise funds through cryptocurrency, InQubeta has carved a niche for itself. Further, by unveiling a new investment opportunity that allows members to invest in captivating and promising AI startups through QUBE and fractionalized NFTs, InQubeta will experience more adoption and growth.
InQubeta is a high-growth token and a potential top token to invest in early. Aside from its growth potential, holders can stake the token and NFTs to earn residual income from the staking pool. In addition, holders will also enjoy voting rights.
The presale is currently in stage 1, with a token worth $0.00875 at the time of writing. With InQubeta expected to skyrocket after launch, you can purchase the token now to position yourself for its imminent rally.
XRP is the utility token of the Ripple ecosystem, which is a payment protocol. XRP has been facing a long legal tussle with the SEC prior to 2023, which restricted its upward movement for a long time.
The ripple effect of the SEC identifying some tokens as securities in June resulted in the broader market plummeting, which in turn capped the upward trajectory of XRP. Since then, XRP's bullish momentum has been curtailed.
Polygon was one of the tokens specifically mentioned by the Securities and Exchange Commission (SEC) as a security after it filed a lawsuit against Binance and Coinbase in June. This resulted in a downside in the price of Polygon and increased the uncertainty around it, besides the broader market downturn.
Polygon is still reeling from the effects of the SEC's claim, as uncertainty still shrouds it and buying pressure has reduced. Consequently, Polygon might experience more downturns in the coming weeks before mustering strong bullish momentum for a rally.
Axie Infinity was also one of the top losers during the SEC's moment in June. Just as the broader market experienced a downturn, Axie Infinity's potential growth and price movement were limited.
Axie Infinity plummeted in momentum, and it has yet to recover from the loss registered in June, caused by regulatory concerns. With the general market experiencing an upturn, Axie Infinity has been able to muster bullish momentum recently.
The SEC's regulatory concerns around the broader crypto market and XRP, MATIC, and AXS resulted in downtrends. With the market just recovering from the effect, XRP, MATIC, and AXS have been mustering some uptrends. Amidst this, InQubeta became a top performer in June thanks to its innovative fundamentals and is poised to soar even higher in the coming months.
