Ethereum’s Dencun Upgrade Brings Almost No Fees; Emerging AI Altcoin Aims to Challenge Decentraland’s Dominance
In Brief
Ethereum, InQubeta, and Decentraland are among the top cryptos to invest in today’s market and these coins are recommended by analysts too. These coins have been pushing the crypto sector to new heights by clocking regular returns
It’s been three months since 2024 began and the crypto sector has yet to come down from the highs it reached after the launch of spot ETFs. In January, several crypto ETFs were introduced in the US market and they received a phenomenal response.
Apart from ensuring regulated access to leading cryptocurrencies, these financial products helped in widening the scope of the DeFi sector.
Apart from investor sentiment post-BTC ETF, there has been a lot happening in the altcoin sector, which has positively influenced the market. Ethereum (ETH) has been making waves with its upcoming Dencun upgrade. According to experts, the upgrade will make building Layer 2 solutions easier and bring the transaction fees to almost zero.
Meanwhile, InQubeta (QUBE) took everyone by surprise after its presale gains touched $11.5 million. Known as one of the best new ICOs, InQubeta is a DeFi-based crowdfunding platform for AI projects. Its gains are currently matching those of established tokens like Decentraland (MANA).
InQubeta: A leap in DeFi for AI startups
InQubeta bridges the gap between DeFi and business growth for AI startups. The portal provides a DeFi-based investment model where users invest in AI projects using cryptocurrencies and acquire a share in a startup’s equity.
InQubeta’s native cryptocurrency, the QUBE token, determines all transactions and is the sole means of payment on the platform.
The QUBE token has joined the league of best cryptos of 2024 with a versatile model that can promote both blockchain growth and crypto users’ income.
Its supply has an upper cap of 1.5 billion but the majority of it is meant to be sold. The team has allocated only 35% to meet expenses for keeping the platform running.
The QUBE token is taking over the crypto market with its deflationary mechanism. The feature protects a token’s price from the potential impact of market volatility and economic factors like inflation.
A deflationary model restricts the availability of the asset to avoid such a situation. As the QUBE token’s supply dips, its value rises, prompting more users to buy it. If there is a rise in supply, the unwanted coins are removed from circulation by token burning.
Coinbase team meets US regulators over Grayscale’s Ethereum ETF
Ethereum is a blockchain technology that supports a gamut of decentralized applications, including blockchains, crypto assets, and dApps. Transactions made with its native token ETH are secured using the proof-of-stake consensus.
The ETH token has been riding high due to the anticipation of its Dencun upgrade. The upgrade is expected to make deploying Layer 2 networks easier and more cost-effective.
Its diverse utilities make Ethereum an ideal candidate for the next round of crypto ETFs. In a related development, a popular crypto exchange recently called on the US Securities Exchange and Commission (SEC) over the pending approval for an Ethereum ETF proposed by Grayscale Investments.
According to reports, a team from the publicly-listed exchange gave a presentation to the US regulatory body and apprised the latter about the fund.
Armenian artist Narine Arakelian showcases her exhibition on Decentraland
Decentraland is a crypto project where fantasy meets virtual reality. The GameFi platform enables its users to create new virtual experiences and monetize them by renting or selling them.
These experiences are sold on virtual properties called ‘LAND’, which can also be rented. Developers can obtain their native token, MANA, and start creating experiences, wearables, and NFTs for selling.
The platform also allows other artists to showcase digital art exhibitions and make a name for themselves. Recently, Decentraland had Armenian artist Narine Arakelian showcasing her exhibition on the platform.
The exhibition went live on Decentraland and was titled ‘Metamorphosis of Aphrodite’s Stones’. The art was inspired by the contemporary artists’ Metaverse experiences.
Conclusion
Ethereum, InQubeta, and Decentraland are among the top cryptos to invest in today’s market and these coins are recommended by analysts too. These coins have been pushing the crypto sector to new heights by clocking regular returns.
While Ethereum had been riding high due to the excitement over its Dencun upgrade, Decentraland has been making rapid strides in the GameFi space.
In the case of InQubeta, its recent presale gains have helped it outperform multiple altcoins. If you ask analysts, the chance of these tokens maintaining their momentum is quite high which is why they are frequently featured in the list of top altcoins.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
