Wednesday, 17 April 2024

Crypto News

DeFi’s TVL reaches $100B with Bitcoin boost, high expectations for Cardano’s AI competitor

DeFi's TVL reaches $100B with Bitcoin boost, high expectations for Cardano's AI competitor

It’s just three months into 2024 and it’s still raining records in the crypto sector. The latest one came on March 9, 2024, after the global value of DeFi protocols crossed $100 billion as the rising demand for Bitcoin (BTC) fueled interest in top cryptos to invest in. 

Bitcoin has been growing impressively since the launch of BTC ETFs in the US after a landmark decision from the country’s regulators.

There’s reason to cheer in the altcoin space too. Altcoin holders are in good spirits after InQubeta (QUBE) recently made waves with its positive price action. 

The QUBE token has left analysts impressed with its presale gains. With its cryptocurrency ICO raising more than $11.9 million so far, some investors see it as a potential competitor for Cardano (ADA)

InQubeta: helping AI startups rise higher

InQubeta is a crypto-based crowdfunding platform for AI projects. The Ethereum-powered platform connects AI innovators with a community of investors, mentors, and financial experts, and helps them scale their business.  

People can participate in the process by purchasing its QUBE token and buying NFTs that represent the projects. Once the transaction is processed, the funds are transferred to the startup and the buyer gets to own a share in the former’s equity. 

Besides fundraising, InQubeta helps startups scale their projects through mentorship and marketing support. The platform connects innovators with an extensive network of professionals. Some of these professionals include veterans who come with years of experience and can guide startups through the challenges of the AI industry. 

The vibrant community can also help them with brand strategy and marketing their projects. To maintain a distinctive brand presence, startups can leverage InQubeta’s social media channels. 

Rated as one of the best altcoins for 2023, the QUBE token has to thank its deflationary model for its popularity. The model contracts the token supply when the markets are in red. 

The reduced supply allows the price to stay stable and demand to rise. The advantage helps the token retain its audience and even draw more crypto users. If there is any increase in token supply during such a time, it’s checked by burning the additional tokens. 

The InQubeta team has created an ambitious roadmap for the platform and its longevity. As per the plan,…

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