Dencun upgrades on Ethereum have almost no fees. An emerging AI Altcoin aims to challenge Decentraland’s dominance.

By Crypto Gloom On Mar 14, 2024

by Gregory Pudowski

Posted: March 13, 2024 1:00 PM Updated: March 13, 2024 9:01 AM

briefly

Ethereum, InQubeta, and Decentraland are some of the best cryptocurrencies to invest in in the market today and analysts also recommend these coins. These coins have taken the cryptocurrency sector to new heights by recording regular profits.

Three months into 2024, the cryptocurrency sector has yet to fall from the highs it reached following the launch of spot ETFs. Last January, several cryptocurrency ETFs were launched in the US market and received a surprising response.

In addition to ensuring regulated access to major cryptocurrencies, these financial products have helped broaden the reach of the DeFi sector.

In addition to investor sentiment following the BTC ETF, there is a lot happening in the altcoin sector that has had a positive impact on the market. Ethereum (ETH) is making waves with its upcoming Dencun upgrade. According to experts, the upgrade will make it easier to build layer 2 solutions and bring transaction fees to almost zero.

meantime, QUBE It surprised everyone after pre-sale profits reached $11.5 million. Known as one of the best new ICOs, InQubeta is a DeFi-based crowdfunding platform for AI projects. Its profits currently match those of existing tokens such as Decentraland (MANA).

InQubeta: A leap forward in DeFi for AI startups

InQubeta bridges the gap between DeFi and business growth for AI startups. The portal offers a DeFi-based investment model where users use cryptocurrencies to invest in AI projects and acquire stakes in startups.

QUBE tokens, InQubeta’s native cryptocurrency, determine all transactions and are the sole means of payment on the platform.

QUBE token joins the league of top cryptocurrencies in 2024 with a versatile model that can drive both blockchain growth and income for cryptocurrency users.

The supply limit is 1.5 billion, but most of them will be sold. The team only allocated 35% to cover the costs of keeping the platform running.

QUBE tokens dominate the cryptocurrency market with a deflation mechanism. This feature protects the token price from the potential impact of economic factors such as market volatility and inflation.

Deflation models limit the availability of assets to avoid this situation. As the supply of QUBE tokens decreases, their value increases, causing more users to purchase them. As supply increases, token burning removes unwanted coins from circulation.

Coinbase team meets US regulators about Grayscale’s Ethereum ETF.

Ethereum is a blockchain technology that supports a variety of decentralized applications, including blockchain, cryptocurrency assets, and dApps. Transactions made with the native token, ETH, are secured using Proof-of-Stake consensus.

ETH tokens are seeing strong gains due to expectations of a Dencun upgrade. This upgrade is expected to make layer 2 network deployment easier and more cost-effective.

Its diverse utility makes Ethereum an ideal candidate for the next phase of cryptocurrency ETFs. In a related development, the popular cryptocurrency exchange recently asked the U.S. Securities and Exchange Commission (SEC) to withhold approval for Grayscale Investments’ proposed Ethereum ETF.

A team from the listing exchange reportedly made a presentation to U.S. regulators and informed regulators about the fund.

Armenian artist Narine Arakelian presents her exhibition at Decentraland.

Decentraland is a cryptocurrency project where fantasy meets virtual reality. The GameFi platform allows users to create new virtual experiences and make money by renting or selling them.

These experiences are sold as a virtual asset called ‘LAND’, which can also be rented. Developers can earn MANA, the native token, and start creating experiences, wearables, and NFTs for sale.

The platform also allows other artists to showcase their digital art exhibitions and make a name for themselves. Recently, Decentraland had Armenian artist Narine Arakelian present her exhibition on its platform.

The exhibition went live on Decentraland and was titled ‘The Transformation of the Aphrodite Stone’. This art is inspired by the metaverse experiences of contemporary artists.

conclusion

While Ethereum is riding high on expectations of the Dencun upgrade, Decentraland is making rapid progress in the GameFi space.

For InQubeta, recent pre-sale gains have helped it outperform several altcoins. If you ask analysts, these tokens are often included in top altcoin lists because they have a pretty good chance of maintaining momentum.

Visit InQubeta Presale

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About the author

Gregory, a digital nomad from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With his extensive experience in the financial industry, his insights and expertise have been recognized by numerous publications. Making effective use of his spare time, Gregory is currently devoted to writing books on cryptocurrency and blockchain.