The US Securities and Exchange Commission (SEC) has taken a special interest in the crypto industry, with Binance receiving the most scrutiny. This comes as little surprise, considering the key role it plays in the crypto landscape as the largest exchange. It is to be recalled that earlier this year, the SEC accused Binance of illegally trading unregistered securities. That isn’t all; Binance and its CEO, Changpeng ‘CZ’ Zhano, were alleged to have funneled billions of dollars of customers’ funds.
However, while Binance has maintained its stance that there is no evidence to back these claims, the broader crypto market has traded in downtrends in response to this development. Cronos ($CRO) in particular has come under intense selling pressure amid the SEC’s Binance crackdown. Meanwhile, InQubeta ($QUBE) is generating significant interest as its initial coin offering (ICO) gains momentum.
In this article, we will dive into the challenges facing Cronos. Further, the growing excitement surrounding this top ICO, InQubeta, will be explored.
InQubeta ($QUBE): Soaring Interest Explained
InQubeta ($QUBE) is one of the promising new DeFi projects to have recently emerged in the crypto landscape. While still in its ICO stage, there has been overwhelming participation in its presale. An astounding $3 million has been raised so far, highlighting the increasing confidence in its unique offerings, value propositions, and growth potential.
The unique offerings and value propositions of this innovative project stand at the intersection of AI and blockchain. By leveraging blockchain technology, it aims to democratize access to the AI market and transform the fundraising landscape of the AI industry. At the heart of its ecosystem will be an NFT marketplace, where AI startups can raise funds and investors can invest in profitable AI startups. This process is a two-way street in which AI developers give up a portion of their startup in exchange for investment from investors. On the other hand, investors will provide funding in exchange for partial ownership.
In other words, to raise funds, AI startups will have to mint investment opportunities, which will be represented as NFTs and fractionalized. Through fractionalization, a fractional investment model will be created, allowing investors to choose their commitment level and invest based on their income.
Its unique model and mutually exclusive ecosystem are poised to witness a surge in adoption, hence the growing interest in InQubeta. The $QUBE token is currently priced at $0.0133 at presale stage 4. Its growth potential, which experts predict will 30x in 2023, further adds to its appeal, making it the best new crypto to invest in. To participate in this promising presale, click on the link below.
Cronos ($CRO): Growing Bearish Sentiment
Cronos ($CRO) is the native utility token of the Cronos Chain and the Crypto.com ecosystem, a trading and financial services company. Cronos Chain is a decentralized, open-source blockchain developed by Crypto.com. Cronos is designed to accelerate the global adoption of cryptocurrencies and is one of the leading cryptocurrencies, ranking 35th by market capitalization.
However, it is one of the tokens impacted the most by the recent crackdown on Binance by the SEC. This scrutiny has affected other centralized and decentralized exchanges, with Crypto.com not being an exception. It has resulted in low sentiment and increasing uncertainty for exchange tokens like Cronos. Hence, it has been facing growing selling pressure amid bearish sentiment. With the lawsuit still dragging on, it remains to be seen how much of a price correction Cronos will experience. Nevertheless, Cronos is still one of the top crypto coins and is expected to rally in the future.
Conclusion
Cronos has been one of the most affected tokens by the SEC’s intense scrutiny of the crypto industry, particularly Binance. Meanwhile, InQubeta’s ($QUBE) ICO is drawing increasing attention. This is proof of its robust ecosystem and innovative concept, making it one of the best cryptos to buy now. With its presale ongoing, investors can participate and become early adopters via the link below.
