Cryptocurrency

This Shiba Inu’s On-Chain Metric Exploded by 540%; Heightened Interest in The Graph’s Challenger

IndustryTrends

The recent news-making wave in the market has grabbed the attention of investors seeking the next big crypto project. Shiba Inu (SHIB), a prominent meme coin, has seen a substantial 540% surge in key on-chain whale statistics. In other news, The Graph (GRT) has gained significant traction recently. Despite GRT recording increased network activity, which has continued since Q4 2023, InQubeta (QUBE) has emerged as a formidable challenger.

InQubeta has gained heightened interest among investors seeking the best altcoins to buy with its deflationary token mechanism. InQubeta aims to create a seamless and efficient investment process, benefiting both investors and startups, by utilizing the QUBE token and the NFT marketplace. With the ongoing presale, analysts predict the QUBE token will double investors' portfolios by year-end.

This article explores the features driving investors' heightened interest in InQubeta as Shiba Inu's on-chain metrics surged by 540%.

InQubeta (QUBE): The Governance Token Structure Appeals To Investors 

InQubeta, the crypto crowdfunding platform, is experiencing heightened investor interest due to its facilitating fractional investment in AI startups using QUBE tokens. QUBE is a deflationary ERC20 token functioning on the Ethereum blockchain. As a solid rival to The Graph, this new DeFi crypto platform seeks to transform the fundraising landscape for AI startups and enhance their interaction with the community.

The QUBE token serves as a governance token, heightening the interest of investors. This new DeFi crypto feature allows holders to engage actively in the platform's decision-making processes. With QUBE as a governance token, holders can propose ideas, deliberate, and vote on the platform's growth, function, and plans. As the InQubeta platform attracts increasing numbers of investors and startups, the demand for QUBE is anticipated to grow, gradually expanding the token's worth. 

The QUBE deflationary mechanism makes the platform more appealing to investors. Value is maintained thanks to a 2% buy and sell tax directed to a burning wallet. The feature presents a distinct investment chance for cryptocurrency enthusiasts seeking the best DeFi crypto for portfolio diversification. 

QUBE holders can also reap rewards by staking their tokens funded by a 5% sell tax allocated to a specific reward pool. This makes QUBE one of the best altcoins for those who believe in the potential growth of AI technology startups.

Shiba Inu (SHIB): IntoTheBlock Data Reveals Substantial Transactions Volume

The Shiba Inu token has been attracting considerable interest in the cryptocurrency community. It recently underwent an extraordinary surge, skyrocketing by 540% in a pivotal on-chain whale metric. According to data from IntoTheBlock, the volume of substantial transactions involving SHIB has surged dramatically, jumping from 1.24 trillion tokens to an astonishing 6.68 trillion.

This extraordinary expansion substantially increased dollar value, soaring from $11.93 million to $70.45 million. The surge in SHIB's large transaction volume, encompassing transactions of at least $100,000, highlights a significant rise in investor activity. Shiba Inu has risen 50% for the past week as the crypto market leans bullishly. Analysts predict SHIB will peak at $0.0001 in March.

The Graph (GRT): Analysts Project A Growing Adoption Across DeFi Platforms

The Graph is open-sourced software designed to gather, process, and store data from diverse blockchain applications, streamlining information retrieval. GRT aims to help developers utilize relevant data to improve the effectiveness of their decentralized applications (dApps).

The Graph experienced a significant price surge, with the monthly chart showing a 77% increase. The price of GRT has risen by a substantial 26.01% over the past week, climbing from $0.24 to $0.30. Analysts anticipate that The Graph's growing adoption across different DeFi platforms might soon propel GRT beyond the $0.50 mark.

Conclusion

As the Shiba Inu token keeps surpassing multi-month records in both on-chain activity and price changes, it's stirring up a lot of speculation and interest in the cryptocurrency market. InQubeta is a strong competitor to The Graph with its deflationary mechanism and governance token structure. For investors looking for the best DeFi crypto, InQubeta is one of the most appealing platforms. You can be part of this innovative project by buying the QUBE token via the website.

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