Altcoins
The Investor Who Called Injective’s 10x Now Eyes This Emerging AI Altcoin Competing With Polkadot
The cryptocurrency market is a dynamic place where fortunes are made and collapsed in a matter of hours. It is also difficult to see which cryptocurrency could be headed for the next rally.
A seasoned investor who previously predicted 10x growth for Injective (INJ) has now set his sights on InQubeta (QUBE). The Ethereum-based crowdfunding platform was designed for AI startups facing a fund crunch.
Many analysts agree with the shift in investor loyalty. They suggest that InQubeta has the potential to outperform coins like Polkadot (DOT), as it is one of the best new ICOs. So far, InQubeta has raised over $12 million in pre-sale funding.
InQubeta: a wealth of business resources for AI startups
In Qubeta is a startup-centric platform that facilitates fundraising for AI projects. For all transactional purposes, rewards and tax payments, InQubeta’s native cryptocurrency, the QUBE token, is used.
The QUBE token has a deflationary model that allows it to show stable returns even when market flow is not optimal. When inflation or volatility is high, the model reduces the availability of the best altcoin and makes it harder for buyers to obtain the asset. This action increases the value of the QUBE token and maintains investor confidence in its potential.
The token burning mechanism also proves useful when dealing with internal inflation. If too many QUBE tokens are sold or purchased, there may be some inflation due to higher tax revenue. To avoid such situations, 1% of the taxes collected on each transaction are burned.
InQubeta uses a decentralized autonomous organization (DAO) model for governance in which token holders make the decisions. If a proposal for a new feature or protocol upgrade is presented, community members first review it and then put it to a vote.
Token holders vote based on what they think of the proposal. By consulting all stakeholders, InQubeta ensures that the protocol does not undergo unnecessary changes.
Over the coming months, InQubeta fans will see several new features added to its ecosystem. One of the most talked about initiatives is InQubeta’s staking dApp. Scheduled to launch in the coming months, the dApp will allow more people to explore InQubeta’s staking service.
Startup owners can also benefit from the marketing services provided by the InQubeta team.
There are also reports that the InQubeta team is looking to list the QUBE token on centralized exchanges.
Injective inVM to integrate into Pyth price feeds
Injective is a decentralized platform that empowers businesses and financial institutions by enabling them to use blockchain for growth.
It also provides key integrations for deploying dApps. The platform’s native INJ token is the official medium of exchange within the Injective ecosystem.
Considered one of the best cryptos of 2024, Injective was recently in the news after announcing that it would integrate its inEVM with Pyth Price Feeds.
The move will allow developers to access 450 real-time data feeds. inEVM, which was recently deployed on mainnet, is a type of rollup that improves concurrent development of virtual machines.
Polkadot unveils new game engine SDK
Polkadot is a cutting-edge platform that enables seamless transfer of data and crypto assets through a sovereign blockchain network. These blockchains are called parachains and they are interoperable. Thanks to its growth potential, Polkadot’s native token DOT was able to outperform several new altcoins.
In a recent development, Polkadot launched a software development kit (SDK) for its gaming engine. The kit would allow developers to use the Unity tool and create new solutions with the Polygon blockchain. The SDK was released on March 14, 2024 and would make it easier to create games and improve the user experience.
Conclusion
While investor sentiment after the BTC ETF remains high, tokens like InQubeta, Polkadot, and Injective have been among the biggest gainers. The three crypto projects ushered in a new era for the DeFi sector by opening it up to different user groups.
While Polkadot is a developer-friendly platform, InQubeta and Injective help startups and enterprises explore blockchain’s ability to drive growth.
The three cryptocurrencies have one thing in common: their robust security mechanism. Their security structures instill more trust in people and encourage them to keep them for the long term.