Exchange-traded funds (ETFs) are the new rage in the crypto market space. They are an investment instrument that mirrors the movement of another index or cryptocurrency, like Bitcoin (BTC) or Ethereum (ETH).
Multiple companies have filed applications with the US Securities and Exchange Commission to launch Bitcoin or Ethereum spot ETFs. Experts see the rising interest in crypto-backed ETFs as a new DeFi opportunity and suggest it can unleash new gains for the two tokens.
They also believe that InQubeta (QUBE) is another cryptocurrency that can potentially drive impact in the crypto space soon. The decentralized platform was rolled out in 2023 and has featured on top analysts’ best cryptocurrency ICO lists.
Since its launch, it has helped several startups find investors across the globe for their artificial intelligence-based projects. Its presale gains are currently more than $6.9 million.
InQubeta: Building a dependable fundraising platform
InQubeta helps startups who are holding back on innovation due to a paucity of funds. The platform has evolved as a resourceful tool to help these companies scale for growth.
For investors, it solves two problems. First, it ends their search for what cryptos to buy now. Second, it helps them secure their future with opportunities that leverage a pioneering technology like AI. It has a native token that powers all on-chain payments and rewards.
The cryptocurrency can be bought on presale and 65% of its 1.5 billion supply is meant to be sold through the public sale. The rest is used for maintaining the liquidity pool and other expenses needed to operate the platform.
As the QUBE token can be staked, its holders can earn passive income conveniently. InQubeta’s staking service offers several benefits including the chance to earn crypto rewards.
These staked tokens are used for securing the network and ramping up its performance. The higher the number of staked tokens, the less will be circulation, which will improve their value.
The rewards also increase with the quantity of the staked tokens. These rewards are given from a separate reward pool that’s financed by tax proceeds.
InQubeta has a decentralized governance structure where the key decisions are made by token holders. Suggestions for protocol changes, launching products, or generating tokens are made through community proposals which are analyzed to gauge their impact.
In the next step, token holders use their voting power to approve these proposals. The system helps in screening unwanted suggestions and keeping those that are in the best interests of the platform.
Ethereum supply dips below Buterin-recommended hard cap
Ethereum is a smart contract-powered network that you will find on every analyst’s list of altcoins to watch out for. It is a multi-faceted cryptocurrency which powers a range of decentralized infrastructure. Its native token is ETH and it’s used for all transactions.
Ethereum has of late maintained a strong growth momentum due to several milestones. Recently, the ETH supply has dipped below the hard cap suggested by Ethereum co-founder Vitalik Buterin in 2018. Buterin had proposed the hard cap as part of his EIP960 proposal but the community had rejected it.
According to Buterin, a hard cap of 120,204,432 ETH would ensure sustained growth for the token under most circumstances. However, the community had opted for a flexible supply that could be accommodated according to the market conditions.
Blockstream CEO Adam Back bullish on Bitcoin
Bitcoin is the first cryptocurrency to debut in the market and has a wide array of applications.
The native token of the Bitcoin network is known as BTC and its transactions are confirmed through the proof-of-work (PoW) protocol. Over the years, BTC has become a prominent cryptocurrency widely used by businesses around the world.
Recently, Blockstream CEO Adam Back was in the news after he reiterated his earlier claim that Bitcoin could potentially cross $100,000 in the future. Back further claimed that the surge in Bitcoin ETF applications will be among the key reasons to drive its value.
Conclusion
InQubeta, Ethereum, and Bitcoin are acknowledged as the best cryptocurrencies to buy in today’s market by several analysts. These tokens have been hailed for their user-friendly features and platforms that are both flexible and functional.
These networks are backing innovation and creating a more accessible DeFi ecosystem. Crypto users can easily leverage them to uplift their portfolios and create a steady source of passive income.
