Bitcoin Fees Reach Record Highs Post-Halving, 75% Rally Looms for Cardano AI Competitor

Transaction fees on the Bitcoin (BTC) network are again getting out of hand after its fourth halving event on April 19. The halving event has been blamed for the sharp rise in transaction fees, with some users reporting fees as high as $100. 

Supply and demand dictate the price of transactions on the Bitcoin blockchain because of a fixed 10-minute block creation time and a limited block size. Users compete for space on the Bitcoin blockchain, with higher demand raising transaction fees as users bid against each other to have their transactions prioritized by miners. 

The recent rise in Bitcoin transaction fees has generated concerns about a potential sell-off by users, as the cost of moving tokens from wallets to exchanges, and vice versa, has become prohibitive. 

Meanwhile, InQubeta (QUBE) has launched on exchanges after raising over $13.6 million during its presale. The new DeFi project is expected to enjoy more growth in 2024 than competitors like Cardano (ADA), thanks to its plan to make artificial intelligence (AI) investments more accessible than ever. 

InQubeta (QUBE) emerges as the best coin to invest in as bears dominate cryptocurrency markets

InQubeta is one of the most promising emerging cryptos because of the much-needed solution it plans to introduce into the decentralized finance space. Its ecosystem will use blockchain technology to make investments in AI more accessible than ever. 

InQubeta stands out from other DeFi crypto coins for several reasons, like the critical role it will play in the artificial intelligence investment space and the deflationary tokenomics on which its governance coin and native currency, QUBE, is built. 

The investment ecosystem InQubeta will deliver to its users will be the first cryptocurrency-based crowdfunding project for AI startups. These companies will get easier access to capital because of it. At the same time, investors will no longer have to jump through the hoops that come with traditional investing channels to gain access to AI investments. 

AI startups in InQubeta’s ecosystem will get to digitize investment opportunities into non-fungible tokens (NFTs). At the same time, fractionalization will allow investors to buy fractions of these investment opportunities to suit their budgets. Anyone with a cryptocurrency wallet can now back trailblazing AI startups that go on to become major industry players as the artificial intelligence revolution unfolds.

InQubeta’s presale has ended, and tokens are available on exchanges like Uniswap and MEXC. Some analysts have dubbed it one of the best cryptocurrencies to invest in, as prices are expected to surge as much as 75% in the coming weeks as QUBE’s market price is established. 

Some analysts expect QUBE’s price to surge as much as 100x before the end of 2024, thanks to factors like its 1.5 billion token supply and deflationary practices like burn taxes to further reduce the circulating supply.

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Bitcoin (BTC) users report fees as high as $100

Unreasonable transaction fees have been one of the most significant issues that have plagued the Bitcoin network ever since it started enjoying substantial price growth. One of the main problems this causes is it prevents BTC from being an effective medium of exchange, one of the primary roles of currencies. Imagine paying a $100 transaction fee after buying some overpriced latte for $5. 

Bitcoin can’t serve as a medium of exchange when the average transaction fee is four times the average global daily income. 

Cardano (ADA) continues to underperform

Most of Cardano’s gains in the past six months have been wiped out as it trades around the $0.50 support level. Investors are now swapping their bags for more profitable altcoins like InQubeta. 

Summary

QUBE is the best altcoin to buy now because of the exponential growth its investment space is expected to cause. BTC could still enjoy substantial growth in the next several months, but its transaction fees getting out of hand will change how investors interact with it as holding Bitcoin becomes too costly. 

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