The demand for deflationary cryptocurrencies doesn’t fluctuate with market forces. These assets offer considerable immunity to a portfolio against volatility and inflation by restricting the supply.
They create an artificial scarcity in the market to avoid price fluctuations. The mechanism results in optimal demand and a steady price.
In the current market, there’s always a debate if Ethereum (ETH) is a better deflationary asset than Bitcoin (BTC). Both are among the best crypto investments available today and are among the earliest tokenized assets that were introduced to the world.
Meanwhile, the impressive growth of AI-centric altcoin InQubeta (QUBE) continues to gain attention. It’s an Ethereum-friendly crypto project that aids AI startups with crowdfunding and business development.
InQubeta: A game changer for AI startups
InQubeta’s launch has been a game-changer for the AI startup ecosystem. Built on Ethereum, the platform uses blockchain technology to make crowdfunding and business development less challenging for innovators.
While catering to the requirements of crypto users, it gives them an easy-to-use interface for investing in startup projects. By simply obtaining InQubeta’s native cryptocurrency, the QUBE token, people can explore multiple ways to earn passive income.
It features among the recommended presales due to its ICO gains. Its presale funding currently stands at $10.6 million.
It’s a good crypto to buy as it clears the way for startup investment through a straightforward online marketplace. The investment proposals are minted into NFTs and then sold at the portal.
Depending on their budget, crypto users can choose to spread their corpus with fractional investment. All purchases have to be made using the QUBE token.
For those who are yet to make up their mind about backing AI projects, they can still earn by staking the token. Under staking, token holders agree for their assets to be used for confirming transactions on a blockchain.
The longer the asset is pledged for staking, the higher the rewards. Over time, token holders can create a nest egg with these rewards without taking risks. On InQubeta, these rewards are given out from a pool that’s funded by tax proceeds.
What’s commendable about InQubeta is the way it has maintained its momentum in a challenging economic environment. The props for that go to its deflationary model. If a market is impacted by volatility or inflation, asset prices tend to fluctuate, and their demand plummets.
A deflationary model instead reduces the market supply of the asset to crack down on price changes. As the price stays stable, both the demand and asset value go up. Any increase in the supply during such times is handled by burning the unnecessary tokens.
New Bitcoin L2 solution to leverage merge mining
Bitcoin is a distinguished cryptocurrency that supports fast and economical digital transactions. Its native token BTC is currently enjoying dominance following the success of Bitcoin ETFs. The financial products made a global splash after they were introduced in the US markets. After long discussions on ETF acceptance criteria, the funds finally saw the light of the day on January 11.
Bitcoin’s fast-approaching halving event and success as a crypto fund have propelled innovators to explore new use cases with the cryptocurrency. In a related development, crypto mining company Marathon Digital rolled out a Bitcoin Layer 2 solution.
Known as ‘Anduro’, the solution leverages merge mining where miners mine tokens while pocketing revenue from sidechain transactions.
Ethereum restaking token raises $23 million
Ethereum is an adaptable blockchain technology and one of the best altcoins to buy now. It can be customized for deploying crypto assets, blockchains, and NFTs.
Transactions made with its native token ETH are confirmed with a proof-of-stake algorithm. It has a deflationary asset that rivals that of Bitcoin.
Adding yet another achievement to Ethereum’s name, the platform’s liquid restaking token Ether.fi announced that it had bagged $23 million in series A funding.
OKX Ventures, Consensys, Bullish Capital, Foresight Ventures, and CoinFund participated in the funding round.
Conclusion
If the recent gains are any indication, Ethereum, Bitcoin, and InQubeta are primed for a bullish spree. Analysts see the development as an extension of the steady growth that these top crypto coins have shown over the past months.
As deflationary assets, these coins haven’t had to bear the brunt of a volatile market. Using market resilience as a lever, these coins have soared past expectations in terms of growth.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.