Massive Ethereum Burn: 4,010 ETH Destroyed; Surge in Demand for Hedera and InQubeta

Ethereum (ETH) should be one of the options you consider if you’re searching for the best crypto for beginners to get into cryptocurrency investments. The project made huge moves toward becoming a deflationary currency with its EIP-1159 upgrade in 2021 and tokens have been getting burned since then. 

Burning in the crypto space refers to tokens being sent to unusable wallets to permanently remove them from circulation. The idea is for the rate at which tokens are being burned to eventually outpace the rate of new token issuance. 

Meanwhile, InQubeta (QUBE) looks like a good cryptocurrency investment to make right now as its presale enters the seventh stage with over $8.2 million raised. 

Hedera (HBAR) is another top altcoin to watch as its prices have risen by 89% in the last year. It is one of the best DeFi crypto coins and serves as a launch pad for decentralized applications. 

New DeFi project InQubeta (QUBE) expected to surge 100x after launch

InQubeta has been a profitable investment for those who acquired QUBE during its presale’s beta stage, delivering 220% returns. Those who get it now get to earn 37.5% profits before tokens are released on exchanges. 

InQubeta intends to deliver a decentralized investment space that’s built on the Ethereum (ETH) network. It aims to provide easier access to artificial intelligence (AI) investment opportunities and an alternative for those who don’t have access to traditional investing channels. 

InQubeta delivers a mutually beneficial environment for investors looking for opportunities and startups seeking funding. It democratizes the investment process, which has historically been gatekept by entry requirements most people can’t meet. 

Artificial intelligence has seen an exponential increase in the capital directed at it in the past several years as total investments go from $12 billion to $120 billion. An additional $1.5 trillion is expected to be directed at the technology by 2030 and AI’s viability increases. This sets InQubeta up for substantial growth in the next several years. 

Here’s how investors partner up with AI startups in InQubeta’s investment ecosystem: 

• AI startups that are cleared to fundraise on the ecosystem make ERC20 coins that represent investment opportunities. You can think of these as its version of stocks
• These tokens are fractionalized into lesser pieces that can be bought with QUBE to make them more affordable
• Tokens sold on InQubeta’s investment space can be resold just as easily as they’re bought, providing lots of liquidity

Hedera (HBAR) poised for substantial growth

HBAR prices have risen 18% in the past month, breaking the $0.10 resistance level earlier this year. Prices have pulled back, but bull patterns are starting to emerge. 

Hedera hosts an enterprise-grade network that’s used to launch powerful DApps. Its blockchain was designed specifically to address the limitations of older blockchains and that has helped to draw new users to its ecosystem. 

Technical indicators like HBAR’s ten-day momentum at −0.00134837 point toward more growth in the coming weeks. The project’s trading volume has risen by over 25% in the past week. 

Ethereum (ETH) on the right track with token burn

New tokens regularly being added into circulation was one of the main drawbacks of the original Ethereum code and the solution that was eventually implemented was to start burning some of the fees collected until the rate of tokens burned was greater than the circulating supply, making it a deflationary currency. 

4,010 ETH being removed is a step in the right direction as it lowers the rate of new tokens released in the last year to 2.5% of the current supply.

Summary

QUBE, ETH, and HBAR are three of the best altcoins to invest in right now as all three will likely enjoy substantial growth this year. QUBE could end up being the year’s biggest winner as it helps funnel some of the $1.5 trillion expected to stream into AI in the coming years. 

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