Solana (SOL) has been one of the best altcoins to invest in for the past 12 months, thanks to its 758% growth. However, it ran into some struggles in the past week, leading to a 5% loss in value. Some crypto analysts, like Andre Cronje, the co-founder of Fantom (FTM), have blamed the congestion issues plaguing Solana’s blockchain for its recent price struggles.

Cronje believes Solana’s blockchain is a victim of its success, as the user base has grown exponentially in the past year. He blames the project’s failure to optimize bottlenecks for its blockchain’s congestion problems. 

Anatoly Yakovenko, Solana’s co-founder, agrees with his assessment but doesn’t see any easy fix to the problem. 

While Solana’s developers try to figure out how to make its blockchain more efficient, InQubeta (QUBE) has been one of the top ICOs since it started, pulling in over $13.4 million in token sales. Its presale is set to conclude soon, and tokens will launch on Uniswap (UNI) on April 15.

The new DeFi project InQubeta (QUBE) is expected to surge 100x once launched

InQubeta is the first cryptocurrency decentralized finance project focused on opening up access to investments in the artificial intelligence (AI) industry. Its ecosystem utilizes a crowdfunding protocol that allows anyone with a cryptocurrency wallet to acquire equity in AI startups. 

InQubeta is capitalizing on the massive surge in investor interest in AI-focused firms. Investments in such companies have grown by 1,000% in the past several years, and more than $120 billion is invested in AI today. The AI industry is thriving, and analysts anticipate about $1.5 trillion will flow into the sector by 2030.

InQubeta is ideally placed to enjoy considerable growth as it connects funding sources with AI startups in its ecosystem. 

Here’s how InQubeta’s ecosystem will work:

AI startups approved to use the investment space can tokenize any investment opportunities into non-fungible tokens (NFT). The terms of these investments are displayed on the tokens and they can’t be changed or duplicated

Investors can buy fractions of these investment prospects with QUBE, the project’s currency. These investors get equity and other rewards, plus the option to resell their tokens to other users

Some of the startups emerging today will earn investors generational wealth. Anyone who owns QUBE can stake their bags to earn more and participate in the investment space’s governance. Holding onto QUBE can also lead to substantial gains, given how cheap tokens are at $0.028. Some analysts expect QUBE to be valued at least $2 by the end of 2024. 

How much will Solana’s (SOL) blockchain congestion impact its growth?

Solana’s blockchain congestion seems partly responsible for its growth issues, and Anatoly Yakovenko thinks there’s no fast solution. He recently wrote about how challenging addressing it was on X. He wrote he would rather deal with total liveness failures than congestion bugs because the latter needs to go through the test and release pipeline. 

SOL has tested the $168 support level twice and bounced right back, so prices should go much lower before its next bull run. 

Quant’s (QNT) prices remain stable

QNT’s price has been very volatile in the past year, but it has remained relatively stable in the past week. Its ecosystem is essential in the decentralized application space, connecting blockchains with its Overledger. QNT’s price could grow threefold if it gets a push from BTC’s bull cycle. 

Summary

QUBE and SOL are two of the best DeFi projects to invest in to earn considerable profits before 2024 ends. Solana’s congestion issues won’t stop its price from growing exponentially, while QUBE could surge 100x once released on exchanges. 

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The post Andre Cronje’s Take on Solana’s Issues, Profitable Horizons for Quant Competitor appeared first on CoinChapter.

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Filed under: Bitcoin - @ April 14, 2024 5:00 pm