Ripple (XRP) & Cardano (ADA) Price Forecast: InsanityBets (IBET) Set to Outperform with Unprecedented 15X Gains

The post Ripple (XRP) & Cardano (ADA) Price Forecast: InsanityBets (IBET) Set to Outperform with Unprecedented 15X Gains appeared first on Coinpedia Fintech News

There are thousands of blockchain-based projects as well as cryptocurrencies for investors to traders to pick from, and as such, when the time comes to diversify, things can get confusing and tricky quickly. 

However, as of recently, Ripple has gotten no updates on their case with the SEC, and as such, XRP has suffered. 

Cardano received a Valentine’s day upgrade and went in the red for a bit. However, in its weekly status, it went up in value. Newcomers such as InsanityBets (IBET) also pushed ahead and are showing bullish signals for 2023.

Ripple (XRP) Price Analysis and ADA Price Forecast

Cardano received a “Valentine” upgrade which aimed to improve its security and interoperability features.

It was pushed live on March 13, 2024, and the upgrade made enhancements to cross-chain functionality for decentralized finance (DeFi) applications building on the network.

The upgrade was initially proposed in early February and was voted favorably by the validators within the network.

Within the last 24 hours, ADA decreased in value by 1.72%. However, within the last seven days, it has managed to increase in value by 11%.

Ripple (XRP), on the other hand, has seen a similar price movement, where it decreased by 1.28% within the last 24 hours. However, in the case of XRP, it may experience a dead cat bounce as the SEC case is behind it now. 

How InsanityBets (IBET) Pushes Ahead of The Competition

InsanityBets (IBET) is a gambling and gaming platform that operates off-chain and introduces a new concept within the gambling industry that surrounds non-fungible tokens (NFTs). 

In other words, alongside just the cryptocurrencies users already have, players can also utilize their NFTs as collateral when making bets against the house or other bettors.

Moreover, the platform is constantly evolving, and the ecosystem already features three games that are in the prototyping phase, including Coin Flip, Rapid Chess, and Dice.

• Each game features the most innovative fair randomness technology, using Chainlink VRF RNG, to ensure complete transparency for all players.
• The native cryptocurrency used to power the InsanityBets ecosystem is IBET, and will include multiple derivatives in a super innovation to tokenomics. 
• With IBET, users can hold the token and vote on upcoming game releases, as well as get early access to the ILP pool that will generate HUGE yield. 
• By staking IBET, users can get access to 85-90% of the profits generated within the NFT marketplace.

It is clear that IBET has a lot of utility surrounding it, and this is why many investors think it has a bullish future ahead of it.

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