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The recent movement of Arbitrum (ARB) tokens by whales has grabbed considerable attention in the crypto community. These Arbitrum whales have transferred 34 million ARB tokens, valued at approximately $58 million, to multiple crypto exchanges, sparking worries of a potential sell-off. This activity follows the network's release of a significant portion of vested tokens earlier this month, prompting investor concerns.
In other news, the Graph (GRT) shows an upward trend in the past weeks. Despite its positive momentum, GRT faces a primary competitor, InQubeta (QUBE), making waves in the market with its innovative offerings. Many crypto analysts are forecasting an optimistic market outlook for InQubeta, thanks to its aim of bridging the gap between AI startups and investors. This has caused investors to flock to the QUBE platform for significant gain.
This article explores InQubeta, the Graph's primary competitor, amid Arbitrum whales moving $58 million worth of tokens to exchanges.
InQubeta has emerged as the cryptocurrency community's latest trending project, presenting itself as the first crypto crowdfunding platform. With its innovative approach of allowing fractional investment in AI startups using its native token, QUBE, analysts are projecting an optimistic market outlook this year. As a formidable contender to the Graph, this new DeFi crypto platform's objective is to revolutionize the traditional fundraising landscape for AI startups and enhance engagement with their community.
The QUBE token, built on Ethereum's blockchain, is deflationary, making it an attractive investment option for crypto enthusiasts seeking top crypto to buy for portfolio diversification. This strategy allocates a 2% buy-and-sell tax to a burn wallet while a 5% tax goes to a dedicated reward pool. This mechanism enables QUBE token holders to earn rewards through staking their tokens. With this setup, QUBE is one of the best altcoins for those who believe in the growth potential of AI technology startups.
Among the key features driving InQubeta's bullish rise to become one of the top crypto to buy is its integration of non-fungible tokens (NFTs) into its ecosystem. With this feature, every investment opportunity is minted to an NFT and divided into fractions. This approach allows investors to participate in projects at levels that suit their financial capabilities while reaping the rewards of being early backers. This new DeFi crypto NFT marketplace boosts its appeal by allowing AI startups to secure funding while offering enticing reward and equity-based NFTs.
Following Arbitrum's recent token unlock of 1.1 billion ARB tokens, with an estimated value exceeding $2 billion, ARB whale holders have initiated significant transfers to various cryptocurrency exchanges. Blockchain analytics revealed heightened activity among 11 whale accounts, which deposited approximately 34 million ARB tokens shortly after the unlocking event.
The price trajectory before and after the token unlock exhibited a significant downturn, with ARB's value decreasing by roughly 23.42% post-unlock. As Arbitrum prepares for another token release scheduled for next month involving an additional 92.65 million tokens, market dynamics, and investor sentiment are set to undergo further scrutiny. This forthcoming unlock could impact Arbitrum's market stance and price stability.
The Graph has experienced a sustained upward trajectory over recent weeks, resulting in a notable 142% increase in its market value, according to the monthly chart. Consequently, GRT's profitability has seen a significant surge. Data from IntoTheBlock indicates that over 66% of GRT investors are currently in a profitable state.
These substantial gains have bolstered positive sentiment within the community surrounding the Graph. Also, large holders, commonly called whales, have increased their positions in The Graph. Data indicates that these significant investors control over 84% of GRT circulation.
The recent Arbitrum token unlocks, and those scheduled in the future, signify pivotal moments for the project and its stakeholders. InQubeta's innovative approach to AI startup fundraising has garnered significant attention from the market. As the platform continues to gain traction as one of the best altcoins, investors are increasingly optimistic about its potential to disrupt the market. You can be part of this fantastic project by visiting the website and buying the QUBE token now!
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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.
