A group of cryptocurrency Ethereum (ETH) whales recently earned $1.77 million by investing in one of the new dog coins, Dogwifhat (WIF). These whales only spent $3,694 buying 24 million WIF tokens, and later sold 15.32 million of their tokens, earning them $1.77 million.
These whales are thought to be the beneficiaries of an insider trick by creating their wallets and buying 24 million WIF on the same blockchain that was used to open trading on the Ethereum network. WIF prices have now dropped in value by 49%. Other users were able to start buying up tokens about 12 minutes later.
InQubeta (QUBE) is another altcoin to watch that was assembled on the Ethereum network. The crowdfunding crypto aims to connect artificial intelligence (AI) startups and investors. It seeks to provide an alternative to traditional investing channels and their arbitrary requirements.
Factors like InQubeta's plan to make AI investments more accessible, the project's solid tokenomics, and the exponential increase of capital flowing into the AI space are responsible for the success of InQubeta's presale. It's also been one of the more lucrative investment opportunities in the cryptocurrency space, netting investors 220% returns on their capital.
Traditional investment firms often have arbitrary requirements that prevent a large percentage of global investors from using their services. For instance, investors must prove they've earned more than $200,000 for a minimum of two years or be worth more than a million dollars to be eligible for angel investment opportunities. InQubeta allows all those who can't meet such requirements to invest in AI startups in its ecosystem.
The well-planned tokenomics of the InQubeta project positions it for considerable growth in the coming years. QUBE's circulation is capped at 1.5 billion, so tokens could be worth a few dollars in the coming year if its market cap matches meme coins like Shiba Inu (SHIB).
InQubeta's focus on AI also sets it up for considerable growth, given how bullish investors are toward the industry. The capital invested in the sector has gone from $12 billion to $120 billion in the last several years, and $1.5 trillion is expected to pour into AI by 2030. InQubeta is expected to enjoy exponential growth as it links investors with AI startups.
AI startups acquire the funding they seek by selling ERC20 coins that symbolize equity or other rewards. Investors can think of these non-fungible tokens as the crypto version of stocks.
AI startups make these tokens and sell them on InQubeta's NFT marketplace. Investors invest in AI by buying these tokens with QUBE. They can keep their tokens for as long as they wish or resell them on the marketplace at any time.
WIF might be the best meme coin to invest in right now, thanks to the profits some early investors have made. The 12 whales who recently cashed out $1.77 million by selling their WIF still have about 8.65 million WIF left in their wallets, valued at over a million dollars.
The developers of the Ethereum version of WIF generated some heat on social media mostly due to allocating 10% of tokens to themselves. WIF prices have now dropped 49%, and some analysts are saying now's the time to get in on the action.
QUBE is arguably the best cryptocurrency to invest in right now thanks to its 10,000% growth projections. The project is expected to enjoy exponential growth as it links AI startups with investors and helps direct over $1.5 trillion to companies looking to advance the technology.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.