InQubeta ($QUBE) is one of the altcoins to watch right now as its presale raises over $3.4 million and major players in the cryptocurrency space take notice.
The ambitious new DeFi project takes on mainstream financial institutions and their elitist investor requirements that often bar a large portion of the world’s population from using their services. It focuses on opening opportunities to invest in artificial intelligence (AI) – one of the fastest-growing industries worldwide.
$QUBE prices have doubled since the start of its presale, while data from Glassnode shows the demand for Lido-staked Ethereum (stETH) has risen by 142% since May. Liquid staking Ethereum protocols allow investors to stake their $ETH holdings while receiving liquid staking derivatives that allow them to participate in other decentralized finance activities.
Top altcoins to watch: InQubeta ($QUBE) offers impressive growth potential
Some analysts are already comparing $QUBE’s growth potential to Bitcoin’s ($BTC) thanks to its tokenomics. Token supply is capped at 1.5 billion and buy and sell burn taxes cut down the token supply further. This leaves $QUBE massively undervalued at its current price of $0.0133. Tokens would be worth about $2.50 if the project ever matches the market cap of meme coins like Shiba Inu ($SHIB) that don’t provide much utility. A $100 investment in $QUBE today could be worth over $18,000 in a couple of years.
InQubeta’s link to artificial intelligence is another factor driving its presale success. Companies that push AI like Nvidia have been a favorite among investors since 2015. Investments in AI have gone from $12 billion to $120 billion since then and over $1.5 trillion is expected to be directed into these companies by 2030. The solution InQubeta provides positions it to help guide some of these funds to AI startups in need of funding. Its crowdfunding protocol will allow many investors who lack access to traditional investment channels to securely invest in artificial intelligence.
Getting around mainstream investment avenues
Buying equity in AI startups only involves purchasing non-fungible tokens (NFTs) on its marketplace. Also called ERC20 coins, the NFTs are minted by startups looking to fundraise and represent part ownership of their business. These tokens are fractionalized, which allows investors to purchase as little or as much as they want.
$QUBE is used for all transactions on the NFT marketplace and to run the Ethereum-deployed blockchain. Investors can acquire $QUBE with fiat or top crypto coins. They can sell their NFTs anytime they want on the marketplace and monitor their growth.
stETH demand up 142%
Liquid staking projects have become increasingly popular since the Ethereum blockchain was upgraded to a proof-of-stake protocol. These projects allow investors to stake their $ETH holdings while getting liquid staking derivatives that can traded for other tokens. This allows investors to earn staking rewards while still having mobility over their tokens.
Liquid staking solutions make staking more attractive for investors since they get to earn staking rewards while they can still trade and earn profits from their holdings.
Lido is the largest liquid staking solution and provides users with stETH which represents the ETH they have staked on the network.
Data from Glassnode shows that over 23% of $ETH circulating is locked up in a staking contract. 32% of these tokens are staked through Lido, representing about 7% of the total $ETH supply. This means stETH has essentially replaced 7% of the $ETH supply and that fact it’s a yield-bearing token could one day make it Ethereum’s reserve currency.
Summary
$QUBE is one of the top altcoins to watch right now as its presale offers 3x return to those who join now and tokens are projected to grow 100x once launched. Its inventive way of opening access to AI investment makes it one of the best new DeFi projects to emerge this year.
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The post Glassnode: stETH Demand Skyrockets 142% Post-LUNA’s Fall; New AI Altcoin Readies for Spotlight appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/glassnode-steth-demand-skyrockets-142-post-lunas-fall-new-ai-altcoin-readies-for-spotlight/