In crypto, projects always compete for dominance, reflected in their dips and expansions. Avalanche (AVAX), a smart contracts platform, has been under pressure, putting its near-term and short-term viability under scrutiny.
On the other hand, QUBE, the native token of InQubeta, is quietly emerging as a contender in crypto.
This article explores AVAX’s challenges and the growing recognition of QUBE.
InQubeta growing steadily
As AVAX falls, QUBE is gaining recognition due to InQubeta’s features and fundamentals.
The project sits at the intersection of artificial intelligence (AI) and blockchain technology, a reason why it is being increasingly explored.
InQubeta aims to address challenges in AI. While AI is rapidly growing, it remains underfunded. Accordingly, the platform takes a forward-thinking approach by harnessing blockchain to resolve these issues.
Its goal is to be a crypto-based crowdfunding portal for AI startups, potentially opening up a new use case for crypto and solidifying the connection between AI and blockchain.
To raise funds, AI-based startups will tokenize investment opportunities on InQubeta’s non-fungible token (NFT) marketplace. These tokens are divisible, enabling fractional investments while democratizing AI investment opportunities.
QUBE is also a governance token for AI startup fundraising, empowering holders to participate in decision-making.
The InQubeta presale is currently in stage 4, where QUBE is available for $0.0133.
In the days ahead, analysts expect prices to expand as the project gains traction.
Avalanche: pressure mounts
Avalanche is a layer-1 platform designed for launching decentralized applications (dapps), prioritizing scalability and speed.
This focus has made it a notable choice within the blockchain ecosystem. It has gained recognition for its various consensus mechanisms, each suited to specific use cases. At the core of this ecosystem is AVAX, its native utility coin.
AVAX’s decline in recent months has been a source of concern. The coin peaked at around $90 before plunging by over 90% to spot rates. Even so, optimistic supporters consider the drop an opportunity to accumulate as they expect more gains in the future.
Conclusion
Amid the contraction in AVAX, QUBE is emerging as a strong contender, considering InQubeta’s ecosystem and the token’s utility. By sitting at the intersection between AI and blockchain technology and solving a crucial problem, the project may find adoption and success.
Visit InQubeta presale
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Source: https://crypto.news/avax-under-pressure-qube-emerges-as-formidable-competitor/