Ethereum ($ETH) has been a top cryptocurrency for beginners for some time. However, recent developments in the Ethereum ecosystem have raised doubts about the effectiveness of coin burns in increasing demand. Meanwhile, an emerging beginner cryptocurrency player in the crypto space, InQubeta ($QUBE), is gaining attention for its innovative approach to supporting AI start-ups and investors. Let’s explore these developments.
Ethereum’s Coin Burns: A Double-Edged Sword
On Tuesday, Ethereum conducted a substantial coin burn, sending 3,725.34 Ether (approximately $6,081,252) to an unusable wallet. This effectively reduced the coin’s supply and potentially increased its value. The burn occurred when Ethereum was trading at around $1,632.40 per unit.
On August 5th, 2021, Ethereum introduced EIP-1159, a significant upgrade that changed its fee model. Instead of the traditional gas fee model, EIP-1159 implemented a variable base fee that’s burned with each transaction. This altered Ethereum’s potential to become a deflationary currency.
So, why does this matter? It matters because it has the potential to transform Ethereum into a deflationary currency. Ethereum currently issues new Ether at a 4% annual rate. However, with the upcoming Ethereum 2.0 upgrade, this rate is expected to drop significantly, possibly below 1%. If Ether’s burn rate surpasses its issuance, it could reduce its supply and increase its long-term value.
Per recent data, Ether’s net annualized issuance rate stands at -2.57%, indicating Ethereum is burning more Ether than it’s creating, significantly impacting the cryptocurrency market.
InQubeta ($QUBE): Bridging the Gap Between AI Start-ups and Investors
Ethereum’s coin burns are getting a lot of attention lately, but a new player in the world of beginner cryptocurrency is also causing a stir – InQubeta ($QUBE). Poised to become a major player in the AI investment arena, InQubeta is the world’s first AI crypto crowdfunding platform and one of the best DeFi projects right now. It enables AI start-ups to secure needed capital from a broad base of investors by minting non-fungible tokens (NFTs) that can be purchased with the $QUBE ERC20 coins on its NFT marketplace.
One of the cool things about InQubeta ($QUBE) is its fractional investment system. It lets you invest in some of the most promising AI ventures worldwide by breaking down the investments into smaller pieces, which are represented by NFTs. This means you can get involved at a level that fits your budget while still enjoying the benefits of being an early supporter.
InQubeta ($QUBE) is all about transparency, fairness, and community involvement. The project believes in giving everyone access to crucial information for making smart investment choices. Their user-friendly marketplace will make it easy for AI start-ups to apply for funding, allowing you to check out and evaluate each project before committing your $QUBE tokens.
But here’s where it gets even more interesting: InQubeta ($QUBE) has a unique system of reward- and equity-based NFTs. This means that as a token holder of this crypto, you invest in start-ups and share in their success. You get perks like early access to new projects and exclusive discounts, among other benefits.
Recently, $QUBE holders have been celebrating impressive profits, with the altcoin price surging by a remarkable 150%. This surge highlights the exciting potential and growth opportunities that InQubeta brings with its innovative approach to AI investment. It’s worth noting that even before its official launch, InQubeta had already gained a strong following on platforms like Twitter as the top crypto to invest in. So, if you’re new to crypto, InQubeta ($QUBE) might be the exciting opportunity you’ve been waiting for.
Final Thoughts
The world of crypto is always changing. Ethereum’s coin burns and the launch of new DeFi projects like InQubeta ($QUBE) show that blockchain and crypto have endless possibilities. In particular, InQubeta’s popular NFT marketplace concept for AI investment is changing the game for start-ups and investors. AI start-ups get a chance to thrive and grow, while investors – especially those with limited capital – get opportunities to participate in the booming AI industry. Keep a close eye on these developments, as they will shape the future of digital finance and technology.
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Source: https://www.analyticsinsight.net/ethereum-eth-coin-burns-fail-to-ignite-demand-qube-holders-in-profits-after-150-surge/