The crypto scene is no stranger to events that send ripples through the entire ecosystem. Recently, a noteworthy $5 million worth of Ethereum ($ETH) was burned, raising the level of excitement within the crypto community. While Ethereum continues its deflationary journey, there has also been growing enthusiasm for promising tokens like Litecoin ($LTC), Toncoin ($TON), and InQubeta ($QUBE).
This article will explore the recent $ETH burn and the factors behind the growing momentum in $LTC, $TON, and $QUBE in anticipation of the impending bull run. Further, what makes them the best coins to invest in will be delved into.
InQubeta ($QUBE): Disruptive Concept Drives Huge Demand
InQubeta ($QUBE) is gaining traction for several reasons, and its fundraising milestone of $3 million is proof of its growing popularity. Although it is a presale token, investors have been positioning themselves because of its innovative concept and disruptive nature.
As a blend of blockchain technology and AI, InQubeta aims to democratize access to the AI market and reshape its fundraising landscape. To improve accessibility to the AI market, it intends to leverage NFTs and a fractional investment model. Further, to reshape the fundraising model in the AI industry, it aims to become the first crowdfunding platform for AI startups via crypto (the $QUBE token).
To raise funds, AI startups simply have to mint investment opportunities, which will be tokenized as NFTs. These will in turn be fractionalized into bits, thereby giving everyone equal access to participate in the lucrative and fast-growing AI market.
This unique token is currently in stage 4 at $0.0133 per token. Thanks to its novel concept and imminent adoption, it is the best new crypto to invest in. To become an early adopter of this trailblazing concept poised for adoption, follow the link below.
Ethereum ($ETH): $5 Million Token Burn
Ethereum ($ETH) is the second-most popular cryptocurrency in the world and the face of DeFi (decentralized finance). Ethereum’s upgrade on August 5th, 2021, implemented EIP-1159, an upgrade that drastically changed its fee model by introducing a burn mechanism. Now the supply of Ethereum has become deflationary, making it an even more viable investment opportunity and arguably the best coin to invest in.
In the previous week, a total of 3,293 Ethereum, worth over $5 million based on the current valuation of $ETH, was burned from circulation. This move further impacted supply, making the token more suitable for long-term investment.
Litecoin: Historical Data and Solid Fundamentals Drive Momentum
Litecoin ($LTC) has been tipped to be one of the tokens at the forefront of the upcoming bull market. This is thanks to its performance so far and the momentum it has gained. $LTC has been gaining traction for several reasons, some of which will be explored below.
Historically, Litecoin has a track record of soaring during bull runs. As a result, traders and investors have been positioning themselves in anticipation of the upcoming bull run, contributing to the increase in momentum. Additionally, Litecoin’s fundamentals, which revolve around fast and low-cost transactions, make it suitable for everyday transactions. Hence, the combination of Litecoin’s fundamentals and historical performances during bull runs has contributed to the surge in momentum. This makes $LTC a top crypto to invest in.
Toncoin ($TON): A Top Crypto in the Landscape
Toncoin ($TON) is a decentralized layer-1 blockchain. The developer’s mission is to build an instant payment platform that offers affordable and fast transaction processing, among other things. After Toncoin was taken over by the TON Foundation in 2020, the token soared to become a top ten cryptocurrency.
It has been making waves for its exceptional fundamentals, which have contributed to its immense adoption. Further, the Toncoin ecosystem is continually expanding, and strategic partnerships are being made. Consequently, Toncoin is one of the altcoins to watch in the upcoming bull run.
Conclusion
Amidst the $5 million Ethereum burn event, which highlights its deflationary nature, Litecoin, Toncoin, and InQubeta have been gaining momentum. Their exceptional fundamentals and solid performances make them strong contenders for top gainers in the next bull cycle. Hence, they are altcoins to put on the radar.
