While the majority of the market is debating the benefits of Bitcoin ETFs, we’ll be highlighting a few projects today that may have fallen out of the conversational zeitgeist, but that are still very solid picks in their own right. One of these big projects, (it’s not one of those dog coins don’t worry) is the AI-based InQubeta, which big whales are flocking to in anticipation for a big move in 2024.
Polygon On The Rise, Solana NFTs Plummet
Recent CryptoSlam data is showing that Polygon recorded a daily sales volume worth $9,986,754, a figure more than double that of Solana which comes in at $4,116,667. While the Polygon NFT sales volume has jumped by 43%, that of Solana has slumped by more than 17%, giving rise to this new flippening narrative.
The number of total NFT traders that paved the way for Polygon’s remarkable success was 12,440. Despite the total number of traders on Solana being 12,740, the significant difference did not go unnoticed. This gap suggests that NFTs traded on Polygon may be considered more valuable compared to those on the SOL network.
Still, the number of Polygon NFT investors has surpassed the 6,898 buyers on the Bitcoin network as of the time of writing, and is just behind the 10,642 on Ethereum. The emerging data related to these NFTs sees Polygon as the best non-layer-1 network in the top 5.
Polkadot Gains Market Attention
Polkadot’s roots trace back to Gavin Wood, one of Ethereum’s original founders. This emphasizes Polkadot’s core principles of decentralization, interoperability, flexibility, security, and cost-effectiveness.
A major focus of their ecosystem is Polkadot’s parachain auctions. These auctions serve as competitive events where projects bid to secure slots on Polkadot’s primary relay chain. This system is on the brink of a significant transformation with the imminent arrival of the new Polkadot 2.0.
Polkadot 2.0, scheduled to launch in early 2024, promises groundbreaking enhancements to the platform. Notable improvements include asynchronous backing, which enhances scalability and execution speed while maintaining network security. Additionally, the introduction of elastic cores and core time will make the network more adaptable to changing computational demands. This makes this project one of the best cryptos to buy now before an eventual price pump comes this year.
InQubeta: A New Era of Investment In AI
InQubeta is a pioneer in the market. It stands out as a conventional investment platform and a user-friendly crowdfunding solution too, offering the chance to invest in AI startups through QUBE. These tokens are built on the Ethereum blockchain as ERC-20 tokens, a widely recognized standard in the crypto world.
InQubeta’s innovative approach is not only appealing for the cryptocurrency beginner but also experienced crypto enthusiasts. The platform features a unique tax structure that involves a 2% tax on both the purchase and sale of $QUBE tokens. This tax contributes to a burn wallet, systematically reducing the total token supply over time. This mechanism creates a deflationary effect that might resonate well with investors seeking stability and potential growth making InQubeta the best crypto to invest in.
However, InQubeta’s creativity goes beyond its tokenomics. It introduces an original NFT marketplace that establishes a fresh standard for interaction between AI startups and their community. These Non-Fungible Tokens (NFTs) issued by startups offer rewards and equity-based incentives. This provides an additional layer of engagement for investors, allowing them to actively participate in projects they believe in while enjoying fractional ownership benefits.
Conclusion
The Polygon vs Solana debate is continuing to heat up as Polygon has made some significant progress in recent weeks. Polkadot is also keeping its name alive in the market with their community still engaging and investing on a daily basis. Lastly, one of the best projects at the moment, InQubeta, has created an ecosystem where other AI projects can grow and flourish – injecting some real utility into the AI niche as a whole.
