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These are uncertain times for the crypto market as Bitcoin recently stumbled to hit its two-month low, leaving behind a trail of liquidated investments. Crypto traders have been taken aback by the staggering $1 billion worth of losses in just 24 hours. However, amidst this turmoil, seasoned investors always look for best altcoins to invest in, and one such promising option has emerged – InQubeta (QUBE).
In the vast ocean of crypto projects, InQubeta stands out as a glimmer of hope. This crowdfunding platform is revolutionizing the AI investment landscape by allowing investors to infuse capital into AI start-ups through QUBE tokens. By doing so, it's fostering a democratized investment ecosystem that aligns with the principle of decentralization.
Being deflationary in nature, the QUBE token is not just another ERC20 coin; it offers a dual utility. A 2% buy and sell tax is directed to a burn wallet, while an additional 5% buy and sell tax funds a dedicated reward pool. Thus, while the crypto market is swimming in uncertainty, QUBE token holders have the prospect of earning rewards merely by staking their tokens. This inherent mechanism might just make QUBE the safe haven for investors during turbulent times.
Furthermore, the potential to invest in AI start-ups using QUBE tokens on the NFT marketplace means the token is more than just a speculative asset; it's an investment into the future of AI. This combination of promising tech start-ups and a powerful token utility puts InQubeta in a sweet spot, especially when the broader crypto market is looking bleak.
Bitcoin's dramatic decline sent shockwaves throughout the entire crypto sphere. Initially trading within the narrow bounds of $28K and $29K, hopes were high for a bullish breakthrough to the $30K territory. But the best cryptocurrency did not only fail to meet these expectations but plummeted to an alarming low of $25,880 on August 19.
The sudden drop triggered a cascade of liquidations. Coinglass data shows a staggering $821 million of long positions were swept away. Bitcoin liquidations witnessed a figure not seen since the massive decline to $17,000 in June 2022. Ethereum (ETH) wasn't spared either, with traders witnessing $302 million of their positions evaporate.
While the digital gold faces an uncertain future, some of the best altcoins, especially those with a clear utility, are being seen in a new light. InQubeta's $QUBE is one such token that promises more than just digital value. Acting as a governance token, it entrusts its holders with the power to dictate the platform's growth through voting and decision-making processes. The recent successful audit by Hacken and the ongoing presale, which has already raised over $2.2 million, are testament to its emerging significance in the crypto space.
Moreover, with plans to launch an NFT marketplace, InQubeta swap, and a decentralized autonomous organization (DAO), coupled with an expansion to multichain by 2024 Q1, InQubeta seems poised to be more than just a fleeting phase.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
