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Developers of the Ethereum (ETH) network have successfully launched the Dencun update on the Goerli Testnet. The update comes as part of the network's effort to introduce data storage solutions to its blockchain. The ever-increasing functionality of the Ethereum network is one of the main reasons the top crypto coin is the second most popular cryptocurrency in the world.
ETH is a good crypto to buy right now, especially since the US Securities and Exchanges Commission's (SEC) decision to approve BTC ETFs. Prices are expected to reach as high as $5,800 this year if Bitcoin enjoys the exponential growth many expect to see in 2024.
InQubeta (QUBE) is a new DeFi project that's hosted on the Ethereum network. It uses the functionality of its parent blockchain to create a unique investment ecosystem that opens up access to artificial intelligence (AI) investments. Its presale has emerged as one of the top ICOs around as it sells over $8.5 million worth of tokens.
While Bitcoin (BTC) is getting the most attention in the cryptocurrency space right now, InQubeta is expected to enjoy exponentially more growth in 2024. Some analysts have even gone as far as to compare QUBE's growth potential to where BTC was a decade ago. QUBE is presently priced at $0.0224, but tokens could be as high as a dollar by the end of the year and a lot more in the coming years.
Some of the reasons why a growing number of cryptocurrency analysts are calling InQubeta one of the best DeFi projects ever launched include:
InQubeta focuses on making it easier for regular investors to invest in AI startups; something many aren't able to do through mainstream investment avenues due to entry barriers like income requirements.
InQubeta democratizes AI investments, allowing anyone who wants to be part of what some are already calling the biggest tech revolution in human history to capitalize on the moment. This leads to more funds getting to AI startups, while investment opportunities become more reachable.
Investing in AI today positions investors to earn exponential profits as is always the case with technological revolutions.
AI-focused firms have enjoyed a large increase in investment funds since 2015. The total backing for the industry has risen from $12 billion back then to more than $120 billion today, and an excess of $1.5 trillion is projected to flow into the space by 2030.
A mere fraction of these funds pouring into InQubeta positions it for substantial growth, and it should get a lot more than that as the first cryptocurrency to focus on making AI investments easier to access.
QUBE is capped at 1.5 billion, giving it lots of room for price growth. There are also burn taxes in the marketplace that remove tokens from circulation, making it a deflationary cryptocurrency. InQubeta only has to match the market share of dog coins like Shiba Inu (SHIB) for tokens to be priced at about $3.
Adding the Dencun update to the Ethereum network promises benefits like reduced transaction costs and enhanced data capacity for layer-2 blockchains like Polygon (MATIC). Polygon gained lots of popularity in 2023 as an alternative more user-friendly way to process transactions on the main Ethereum network. However, many of these layer-2 blockchains have had to struggle with high data costs due to the limitations of the Ethereum blockchain as it currently is.
Dencun suffered a slight delay while being launched on the Testnet, but the issue was quickly resolved. The update will now be implemented on the Sepolia and Holesky Testnet before finally transitioning to the mainnet sometime in March.
QUBE and ETH are two of the best altcoins to buy now thanks to their projected growth. ETH could deliver 3x returns while QUBE prices will likely break the dollar mark once tokens are available on exchanges and markets set their real prices.
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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.
