There was a recent plunge in the price of Solana (SOL), marking a 15% decrease. The decline coincided with the broader market downturn fueled by growing uncertainties over the much-anticipated Bitcoin (BTC) exchange-traded fund (ETF) approval. Amid these struggles, two other decentralized cryptocurrencies, Shiba Inu (SHIB) and InQubeta (QUBE), are on the verge of massive gains, as noted by their bullish indicators.
InQubeta’s AI-backed initiative has contributed to the rush to its blockchain ICO, as informed investors want to harness the growing adoption of artificial intelligence (AI) technology. This innovative DeFi project, yet to be launched, has already raised over $8.2 million in its ongoing funding round. Shiba Inu has witnessed large whale transactions lately, which could increase its price if the momentum continues.
This article covers what makes SHIB and QUBE ready for significant gains amid SOL’s decline.
InQubeta (QUBE): Fueling Blockchain And DeFi Innovation
As one of the top DeFi coins to watch, InQubeta presents a pioneering cryptocurrency crowdfunding platform for investors. InQubeta facilitates fractional investment in AI startups by enabling QUBE holders to own stakes in AI projects represented as non-fungible tokens (NFTs). Additionally, blockchain technology supports the platform, ensuring secure and transparent investments for QUBE holders.
InQubeta’s blockchain ICO recently entered its seventh stage and has already sold about 84% of the tokens allocated for the stage. This high demand for QUBE emphasizes investors’ trust in InQubeta’s proposition for AI innovation. QUBE tokens are available for grabs at $0.0224 each and will increase to $0.0255 by the eighth stage.
So far, the InQubeta presale has sold over 718 million tokens and raised over $8.2 million in seven stages. There is high anticipation for the launch of this project at the proposed price of at least $0.0308, an impressive 340% increase from its initial DeFi coin price of $0.007. Investors ready to multiply their gains this first quarter of 2024 can visit the InQubeta website to join the presale and buy QUBE tokens.
Solana (SOL): Faces Slight Downturn
Even as the crypto community grew confident that the Bitcoin spot ETF was coming, doubts emerged. Amidst this uncertainty, Solana was among the top DeFi coins that saw a steep decline, with its price hitting a 7-day low of $87.74, per CoinGecko data. Solana’s price volatility reflects the cryptocurrency market’s sensitivity to regulatory news, affecting investor confidence.
There is now good news, however, as the U.S. Securities and Exchange Commission (SEC) officially approved listing and trading the first-ever spot BTC ETFs on January 10. This move can influence a hike in capital inflow into the general crypto market. With this development, investors anticipate that SOL will surge in price and continue as a leading performer in 2024.
Shiba Inu (SHIB) Whale Alert: Massive Transaction Sparks 1,300% Surge
The Shiba Inu token has significantly surged in on-chain dynamics. Data from IntoTheBlock, a blockchain analytics platform, reveals a spike of over 1,300% in large whale transactions on SHIB in 24 hours. The cumulative volume of these whale transactions skyrocketed to an astounding 9.38 trillion SHIB, equivalent to a staggering $89.88 million.
This sudden spike in large transactions is the most substantial since mid-December, indicating a dramatic increase in whale activity on the Shiba Inu token. Recognizing the potential impact of such whale activity on the market, SHIB enthusiasts forecast that the DeFi coin price of the token will go to a new high soon.
Conclusion
Since the decline of Solana‘s value was closely tied to the market’s reaction to the U.S. SEC’s anticipated decision on spot Bitcoin ETFs, now that it has been approved, SOL is likely making a good comeback. This new development can also favor other well-positioned DeFi cryptos like Shiba Inu and InQubeta, which are already on the verge of major gains this season. As the InQubeta presale advances, the project will unveil more enticing offers before it goes live. Embrace this AI-driven initiative and purchase QUBE today via the project’s website.
