Calcium Token Explodes 7,400% After Shiba Inu Rejection. Qube Shatters $3.25m Mark
The relatively unknown Calcium token (CAL) is up 7,400% days after Shiba Inu developers said CAL would play a role in minting Shibarium’s governance token, BONE. Shibarium is the recently launched Polygon fork that’s compatible with Ethereum.
Amid this development, InQubeta (QUBE), a crypto project aiming to merge the capabilities of artificial intelligence (AI) in blockchain to enhance crowdfunding, continues to garner investor attention. The project has raised over $3.25 million in the ongoing presale. However, the question on everyone’s mind is whether QUBE, the native token of the InQubeta platform, will aid the ambitious project in raising even more in the coming sessions, considering the impact of the crypto winter.
Calcium Token (CAL) in Focus
The enthusiasm around CAL will likely catalyze demand for low-cap but high-quality crypto projects like InQubeta.
The Calcium token was initially developed as a test token and was not meant to be traded. All the same, aggressive investors, ready to experiment—and even, in some instances, lose money—began providing liquidity. Subsequently, CAL prices started rising, and with expanding demand, more investors participated in FOMO.
Since CAL is native to the Shiba Inu ecosystem, the token was initially available on ShibaSwap DEX, the decentralized exchange.
With skyrocketing demand, CAL is now available in other alternative DEXes and centralized exchanges, including Uniswap—a popular DEX on Ethereum, and Lbank, a centralized exchange. CoinMarketCap data on September 27 shows that CAL has a market cap of $12.13 million and daily average trading volumes of over $8.5 million.
Looking at the CAL markets, the token is popular not on ShibaSwap DEX but on Uniswap v3, where daily trading volume currently exceeds $7.4 million and its price is rising fast.
Whether the demand for CAL will continue in the sessions ahead is yet to be seen. Considering the rapid expansion of prices due to fear of missing out (FOMO), the historical performance of other similar projects, for example, PEPE, has shown that prices tend to cool off, reversing gains.
Etherscan data shows that the 4,275 CAL holders have generated over 56,000 transfers.
InQubeta Raises Over $3.25 million In presale
Amid the rising demand for CAL, investors are increasingly exploring the InQubeta ecosystem and examining the ongoing QUBE presale.
Data shows that over 367 million QUBE have so far been sold, helping the project raise over $3.25 million in less than two months. Presently, QUBE is changing hands at 0.0133 USDT in stage 4 of its presale.
The InQubeta project taps into the decentralization and capabilities of blockchain to roll out a platform where investors will secure opportunities to get exposure in vetted crypto startups leveraging artificial intelligence (AI).
Developers are tapping into smart contracts for automation and non-fungible tokens (NFTs) to lower the barrier to entry, ensuring every investor, regardless of geographical location, is not locked out from opportunities. By using fractionalization and NFTs, investors can gain exposure to vetted crypto AI projects.
Minted NFTs can also be listed on InQubeta’s internal marketplace. All NFTs are traded using QUBE, a token that can also be staked since the platform utilizes elements of decentralized finance (DeFi).
Beyond staking and facilitating exchange, QUBE holders participate in governance, deciding on the development trajectory of the project, thereby promoting decentralization.
Conclusion
The FOMO around the Calcium token has raised the profile of Shiba Inu, even popularizing ShibaSwap DEX. It comes when the broader crypto market is struggling from the wave of selling pressure. Meanwhile, the ongoing InQubeta presale has highlighted the platform’s value proposition to discerning investors searching for opportunities amid the biting crypto winter.
Disclaimer
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Filed under: Bitcoin - @ September 28, 2023 9:46 pm