Leading cryptocurrency exchange Coinbase’s recent partnerships in countries like Singapore, where it received the Major Payment Institution recently, seem to have done little in boosting its growth in the third quarter of 2023. According to recent reports, Coinbase’s spot trading volume nosedived to $76 billion in Q3.
The lone silver lining in the crypto market currently seems to be the recent rise in interest in two top altcoins – InQubeta (QUBE) and Kava (KAVA). Analysts monitoring their movements feel that the two tokens have the potential to rise further in the coming months.
While Kava has built a strong ecosystem, InQubeta is a recently launched decentralized platform that helps startups working with artificial intelligence to score funding opportunities. The Ethereum-based platform helps connect these budding companies with genuine investors and lets them explore mutually beneficial opportunities. InQubeta is also being referred to as one of the best new ICOs of 2023 after its presale funding recently crossed $3.6 million.
InQubeta: Bridging the gap between AI startups and blockchain
InQubeta is a blockchain-powered platform that allows AI startups and investors to find genuine opportunities for growth. The platform has rolled out a native cryptocurrency called the QUBE token to ensure that all transactions are processed seamlessly. The QUBE token is modeled on the ERC-20 standard of the Ethereum network and can be purchased on presale. Priced at $0.0133 currently, it could potentially provide millionaire gains in the long term.
The QUBE token has a deflationary model that shields token holders’ returns when the markets get volatile or inflation is high. Under a deflationary model, the supply is kept lower than the demand, so that price changes are minimal. If the supply rises above the demand at any time, the excess tokens are destroyed by sending them to the burn wallet. By intentionally keeping the supply limited, the model curbs price fluctuations while keeping the asset value stable.
Every time a QUBE token is sold or bought, a tax is levied on the transaction which is paid in terms of the QUBE token. The payment of tax might increase the supply and lead to price fluctuations, so the team burns a small share of the tokens collected as tax proceeds. The remaining part of tax proceeds are used for funding marketing activities and maintaining liquidity and rewards pools.
InQubeta has a decentralized governance structure where all community members can move proposals for submitting any suggestions that could improve the scope of the protocol. The proposals are discussed by community members and are later put to a vote. QUBE token holders can use their special voting privileges to express their thoughts about the proposed changes.
Visit the QUBE presale to participate in this exciting new project and register potentially huge gains. Long-term holders can also gain from staking opportunities provided by the platform. Analysts have provided favorable and positive reviews for the QUBE token as it is backed by multiple use cases.
Kava to now support Wagmi
Kava has emerged as one of the best cryptos available in today’s market due to its versatile use case. Powered by the Cosmos EVM technology, Kava is a blockchain that sports the developer experience of Ethereum along with the interoperability of the Cosmos ecosystem. Leveraging the Layer 1 blockchain platform, developers can look forward to building high-performance and scalable dApps, NFTs, and other kinds of decentralized tools. Many developers seem to prefer Kava as it can provide an enhanced level of developer support, speed, and security. Its native cryptocurrency is KAVA and it’s used for all transactional purposes on the network.
The platform was recently in the news after Kava announced that it would now be supporting Wagmi, which is a platform for trading, swapping, liquidity provision, and generating yield strategies. The all-in-one platform has been rolled out by Popsicle Finance. Investor interest in KAVA has peaked due to its strong partnerships and support for its developer community.
Conclusion
InQubeta has outperformed several altcoins like Kava to emerge as a top crypto to invest in. The cryptocurrency packs a punch when it comes to features and has a utility-centric model – two features that make it ideal for diversifying portfolios. Plus, it has a robust security framework that ensures that token holders’ assets are well-guarded. With InQubeta, even an average cryptocurrency user can become a startup investor and secure their financial future.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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