The launch of the new Ethereum-based ERC-404 standard was welcomed by massive investor interest sending gas fees on the network upward. The ERC-404 frenzy has since cooled down, while interest in Bitcoin (BTC) Ordinals has grown.
The Bitcoin network has seen transaction fees hit a new high in March, while a new all-time high (ATH) was set at $73,00 on March 13.
ERC-404 is the new direction Ethereum’s developer wants to take tokens created on its blockchain. It merges the features of existing standards for ERC721 and ERC20 coins already used in the ecosystem. The new standard allows different types of tokens to interact with each other, putting pressure on the Ethereum blockchain as gas fees rise. ETH’s price surging 58% in the past month has also helped to push prices up.
While Ethereum developers test out new token standards, InQubeta’s (QUBE) presale has flown past its initial funding goal of $10 million, selling over 890 million tokens valued at over $11.6 million. The emerging crypto intends to be a major player in the decentralized investment space by providing easier access to artificial intelligence (AI) investments.
InQubeta has outperformed fellow AI crypto Chainlink (LINK) in the past 12 months, giving investors 250% returns on their capital, compared to LINK’s 223% growth during the same period.
InQubeta’s 100x growth potential makes it the top crypto to invest in today
Many cryptocurrency projects are expected to enjoy considerable growth in 2024 and InQubeta is poised to become one of the top DeFi projects in the space. It provides a highly needed solution with its plans to give its users easy access to AI investment opportunities.
Investing in AI startups through traditional means is more challenging than it might seem at first glance. Many of these entities require investors to satisfy high income or net worth requirements that prevent many people from using their services. There’s also the issue of over 1.4 billion people being unbanked. Such people can’t invest in AI through traditional means.
InQubeta plans to use a crowdfunding approach to create a decentralized investment platform where anyone can buy equity in AI startups using its native currency. This positions the project for tremendous growth as over $1.5 trillion is expected to enter the artificial intelligence space by 2030.
Here’s how InQubeta gets investors and startups what they’re looking for in its ecosystem:
- AI startups create non-fungible tokens (NFTs) that replace stocks in InQubeta’s ecosystem. These tokens serve as digital proof of investment opportunities being offered by these companies
- Investors can research the different companies fundraising in the ecosystem on the NFT marketplace and acquire tokens with QUBE. Fractionalization lets investors invest as little as they want in each investment opportunity
- Investors can watch the value of their NFTs grow in their InQubeta accounts and they can resell their tokens whenever they choose
Ethereum’s ERC-404 tokens gaining popularity with users
ERC-404 tokens introduce pathing to the Ethereum network, which allows the different token standards on the ecosystem to coexist. The frenzy created by the launch of these new tokens has cooled off a bit, but not before taking gas fees to new highs.
Chainlink (LINK) might be close to getting exchange-traded funds approved
Chainlink’s utility is already being capitalized on by asset managers like 21Shares who use its Oracle protocol to verify its cryptocurrency holdings. It’s expected to play a major role in the financial sector in the coming years thanks to its many uses. Prices could reach as high as $48 this year if previous all-time highs (ATHs) are reclaimed.
Summary
QUBE, LINK, and ETH are the top crypto coins to purchase today. All three are poised for exponential price gains in the coming months, but QUBE will likely outperform the others by a large margin as investors and startups flock to its ecosystem to push the AI revolution forward.
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