Ethereum (ETH) has emerged as one of the best altcoins to buy as its prices have risen by over 59% in the past month as rumors of spot exchange-traded funds being approved intensify. The US Securities and Exchange Commission (SEC) is scheduled to meet with major asset managers with pending applications and possibly rule on the asset class in March.
Meanwhile, the Ethereum network just burned over 14,696 Ether valued at over $50,000,000. This means tokens have been sent to unusable wallets to be permanently discarded from the circulating supply.
The Ethereum network issues 4% of the circulating supply in new ETH each year, but this rate is set to go as low as 0.5% as the Ethereum 2.0 upgrade is rolled out. Once that occurs, Ether will become a deflationary currency, helping to push prices upward.
InQubeta (QUBE), a deflationary currency developed on the Ethereum network, has recently reached its $10 million funding goal. Its presale has now sold over 858 million QUBE tokens, valued at over $11 million. The new DeFi project aims to provide easier access to investment opportunities in the AI industry, using the functionality its parent network gives it.
InQubeta (QUBE) tops ICO list with over $11 million raised
InQubeta’s crowdfunding approach to making AI investments more accessible for regular investors gives it the potential to become one of the best DeFi projects ever launched. The timing of the project’s launch couldn’t be any better, as over $1.5 trillion is expected to enter the artificial intelligence space in the next several years.
InQubeta only securing a small portion of this investment capital would send QUBE prices flying upward because of its small supply, capped at 1.5 billion. Burn taxes on marketplace transactions cut into the circulating supply some more.
Dog coins like Shiba Inu currently have a market capitalization of over $19 billion, and QUBE would be worth about $12 when that occurs. That’s a long way from its current $0.0245 price.
Artificial intelligence has become more viable in the past decade and it has the potential to be the most disruptive technology development in history given how many tasks the technology allows us to automate. AI-powered products like self-driving taxis and humanoid robots are now our reality and the technological revolution is just getting started.
Investing in AI today is a lot like buying up Bitcoin (BTC) a decade ago as the cryptocurrency revolution began. Many early crypto investors have built generational wealth from their investments. Some of the AI startups emerging today offer investment opportunities that could be even more profitable.
Here’s how InQubeta brings investors and AI startups together in its ecosystem:
- Startups mint reward and equity-based investment opportunities into non-fungible tokens (NFTs). These tokens serve as undeniable proof of the investment opportunities being offered by these real-world companies
- Investors buy these NFTs with QUBE to secure equity in the companies that created them and any other rewards promised
- Tokens can be resold on the NFT marketplace at any time, giving investors lots of liquidity
Ethereum (ETH) breaks $3,800 resistance level
ETH prices broke the $3,800 resistance level for the first time in over two years, before pulling back to support levels. ETH prices have benefited from several factors including BTC setting new highs, its upcoming Dencun upgrade, and the possibility of spot ETFs being approved soon.
Ethereum’s blockchain remains more capable than the Bitcoin network and the influx of institutional funds could someday make it the top cryptocurrency around.
Summary
ETH and QUBE are two of the top altcoins to buy now given the considerable growth both are poised to enjoy in the coming months. ETH prices could grow as much as 3x, while QUBE might enjoy 100x gains.
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.
