Will Solana’s Price Boost Counter the Surrounding FUD? Crypto Whales Have High Hopes for This AI Coin Presale
The post Will Solana’s Price Boost Counter the Surrounding FUD? Crypto Whales Have High Hopes for This AI Coin Presale appeared first on Coinpedia Fintech News
A growing number of cryptocurrency whales are betting big on InQubeta ($QUBE) as one of the top DeFi projects that have the potential to be major players in the cryptocurrency space. Decentralized finance has been one of the most useful solutions blockchain technology has brought so far and InQubeta takes things further by using its Ethereum-based blockchain to open up access to artificial intelligence (AI) investment opportunities.
Early $QUBE investors have already earned 100% profits and those who join the action today are in line to earn 3x returns by the time the event ends.
The Solana ($SOL) project has also been in the news a lot in the past month as its prices surged 23%, but shorts have been using every tool at their disposal, including spreading FUD (fear, uncertainty, and doubt) after $370 million worth of $SOL was unstaked to bring prices down. That led to rumors that some whales and institutional investors planned to dump their $SOL exchanges before defunct crypto exchange FTX liquidates its $SOL holdings as part of its bankruptcy proceedings.
Top Defi project InQubeta ($QUBE) gaining traction with cryptocurrency whales
InQubeta is the first crowdfunding platform that allows investors to easily invest in AI startups as the technology reshapes the globe. It aims to provide a fractional investment protocol that allows investors to own a piece of some of the most promising AI startups emerging all over the world.
Artificial intelligence has come a long way from the days when it was nothing more than a futuristic science concept. The technology’s role in our lives is growing exponentially as cities approve driverless taxis while investors use the technology to automate their trades.
Over $120 billion is currently invested in AI today and more than $1.5 trillion is projected to be guided into the industry by 2030. InQubeta’s NFT investment marketplace positions it to help direct a fraction of these funds to AI startups.
A secure, transparent, and accessible way to invest in AI
Technological revolutions always bring forth opportunities for investors to earn substantial returns and the AI revolution isn’t expected to be any different. InQubeta opens up global access to such investment opportunities without the geographic and income requirements many traditional avenues have.
Startups fundraise by creating and selling non-fungible tokens (NFTs), or ERC20 coins, that represent investment opportunities. These are InQubeta’s alternatives to stocks and they also signify equity. Each token created on the InQubeta platform is fractionalized so investors can invest as little as they want in these startups. Purchases are made with $QUBE on the marketplace and the value of tokens bought can be tracked through their InQubeta accounts.
InQubeta investors can also earn more $QUBE by staking their holdings. A 5% NFT marketplace tax is used to fund a dedicated pool that rewards stakers. $QUBE holders also get to be part of the ecosystem’s governance, with each investor getting to vote and suggest ideas.
FUD slows down Solana’s ($SOL) surge
$SOL FUD started spreading when $370 million worth of staked tokens were unstaked during epoch 512. One of the addresses linked to the transaction belongs to a major U.S. venture capital firm that unlocked about $115 million worth of tokens.
The massive unstaking event led to concerns that these tokens would be dumped on exchanges soon, driving prices downward. So far, the FUD has been enough to slow down $SOL’s growth as prices have shrunk by over 4% in the past seven days.
Summary
$QUBE is one of the top DeFi projects to be launched this year and $SOL will likely enjoy more growth as the FUD around it dies down. $QUBE is likely to lead the pair in growth over the next few years thanks to its link to AI and the $1.5 trillion in investment funds expected to be funneled into the industry in the next several years. It’s one of the best altcoins to invest in right now.
Filed under: Bitcoin - @ October 14, 2023 4:00 pm