As the meme coin frenzy shows possible signs of dying, with Dogecoin (DOGE) showing falling prices, InQubeta (QUBE) records its successful ongoing presale, hitting the $3.5 million mark.
Dip Before Big Jump or Final Slide?
Dogecoin, the meme coin and open-source peer-to-peer digital currency introduced in December 2013 as a joke in mockery of other cryptocurrency projects might be heralding the end of meme coins, judging by its current price charts.
Experts opine that despite the acceptance of risky investments by crypto investors, they prefer assets with utility over those that are merely dependent on market hype, which was the usual case for meme coins.
Despite maintaining its identity as a “fun and friendly internet currency” and not having any real-world utility aside from being a simple blockchain-based payment system, DOGE has a huge number of investors, dedicated fans, and users who have developed use cases for it. Some of these use cases include online tipping, using DOGE to trade physical and tangible items, and being used in Reddit and other crowdfunding causes.
In 2021, thanks to Elon Musk’s support rally, Dogecoin beat its previous all-time high and hit $0.74. However, as of the time of this writing, DOGE is going for $0.0587, with a 3.6% decline on the 7-day chart.
While this could be taken as the analyst-predicted “dip before the big jump”, this price fall might be a reflection of the entire cryptocurrency scene and season. Not just the extended winter, but the dwindling interest in meme coins.
Another point to note is that Dogecoin has rivals like SHIB, PEPE, FLOKI, and TOADS. These tokens come with new offers, a case in point being Shiba Inu’s innovative scaling solution, Shibarium.
As meme coins struggle for relevance in the crypto environment, the relatively new InQubeta (QUBE) seems to be winning in the battle for recognition among investors. This is evident in its ongoing presale numbers.
QUBE Backing AI Tech Startups
Artificial intelligence technology (AI) is making a burgeoning industry out of many industries. This has made the AI startup space one of the fastest-growing opportunities.
As AI technology emerges and innovative ideas are discovered, these ideas will lead to the creation of businesses, and this creation translates to the need for funding. Easy and safe access to funding for AI startups is what InQubeta is about.
Moreover, the intersection of AI and crypto is a unique innovation waiting to be fully explored. However, as these innovative developments emerge, the traditional investment methods continually prove to be ill-equipped when it comes to serving these new technologies and evolutions.
This disconnect is understandable, as it is a risk to invest in opportunities you do not fully understand.
Also, some of these AI startup founders lack connections with traditional financiers like those in Silicon Valley. InQubeta’s QUBE aims to provide a seamless and efficient process that benefits both AI startups and interested investors.
Built on the Ethereum blockchain, InQubeta leverages the power of blockchain and smart contracts, helping foster AI startups’ growth and success. The QUBE token is a deflationary ERC-20 token that enables fractional investment in AI startups on the InQubeta crowdfunding platform.
InQubeta enables qualified AI startups to stay in close contact and engage with their communities.
These startups mint their investment opportunity into an NFT, which is then fractionalized so that willing investors get to invest, and it suits their budget and pockets. This way, holders of QUBE get the opportunity to be early backers of these startups and earn the associated rewards.
In InQubeta’s NFT marketplace, AI startups can offer rewards and equity-based NFTs to enable them to raise funds, while QUBE token holders get to invest in projects they believe in. So, both the startups and the investors win in the ecosystem.
QUBE is now in Stage 4 of its presale journey and selling for $0.0133. Having raised $3.5 million so far and sold over 82% of the currently allocated tokens.
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Source: https://beincrypto.com/dogecoin-dips-inqubeta-raises-3-5-million/