Leading crypto asset management firm Grayscale Investments rang in the New Year on an explosive note. It was in the spotlight after its spot Bitcoin ETF was approved by the US Securities and Exchange Commission.
The development comes after a long wait that witnessed the company battling regulatory challenges for ETFs. It was also in the news for dumping Polygon (MATIC) from its crypto funds. The move triggered a price fall for Polyon leaving its holders wary.
Meanwhile, InQubeta (QUBE) and Injective (INJ) continued their upward journey and posted strong growth. Injective is paving the way for the deployment of cutting-edge dApps, while InQubeta is helping startups find investors for their artificial intelligence-driven projects.
Analysts have predicted a rise in InQubeta’s price as an extension of its success in 2023. Last year, it dominated analysts’ best cryptocurrency ICO lists with its presale success and global fame. Presently, its presale funding stands at $8.2 million.
InQubeta: An AI-Centric Crypto Project
InQubeta has been designed to create a conducive investment environment for AI projects and connect promising startups with investors. The platform facilitates steady growth opportunities for startups and a DeFi-based strategy for wealth creation.
Using an NFT marketplace, InQubeta allows interactions between startups and investors. The NFTs traded on the platform are created from the offers for investors that startups submit.
Each NFT will have details about how investing in a startup’s project can benefit the investor. These NFTs can be purchased with the QUBE token, which is the official mode of payment on InQubeta.
The QUBE token lays the foundation of the growth trajectory of the platform. Apart from taking care of all transactional purposes, it facilitates on-chain governance. Under the decentralized autonomous organizations model, token holders select the protocol changes that should be implemented.
Any proposed change goes through a voting process where token holders participate to make a final decision. The model creates a community-driven platform where all stakeholders are encouraged to think in the best interests of the platform.
InQubeta’s native token is powered by a deflationary model which acts as a shield between your portfolio and inflation. The anti-inflationary mechanism lowers the impact of market forces on the asset by controlling its supply. When the market hits a rough patch, the token supply is made lower than its demand. The difference promotes the token value and keeps prices stable.
When the supply increases, it’s reduced again by burning the extra tokens in circulation. Users will not need to worry about what cryptos to buy now after accumulating InQubeta for the long term.
Injective Announces Mainnet Upgrade Volan
Injective is a blockchain that provides developers with a range of Web 3.0 tools for building dApps. Its native cryptocurrency INJ is used for all kinds of payments on the platform.
Given its recent success, Injective has emerged as one of the altcoins to watch out for. The fact that it has continued to rise despite all odds makes it a great investment opportunity.
The Layer-1 blockchain recently released Volan, a mainnet upgrade that sports a module focusing on real-world assets (RWAs). The upgrade is expected to encourage more crypto users to leverage structured products.
Fox Corp Unveils AI tool to Fight Deepfakes With Polygon
Polygon is a scaling tool for Ethereum that can power multiple kinds of decentralized solutions. By combining Ethereum’s capabilities with the zero-knowledge technology, Polygon can help developers create blockchains, sidechains, and decentralized identities, among others. Its native token is known as MATIC.
Polygon hit a small speed bump after Grayscale removed the MATIC token from its crypto funds. The move triggered negative price action for the token. Analysts who’ve been tracking the market feel Polygon users should be cautious about their holdings for now.
It recently partnered with Fox Corp to roll out an open-source tool called ‘Verify’ which can combat deepfakes. Powered by Polygon, Verify can trace the origin and authenticate any media.
Polygon, Injective, and InQubeta are among the best cryptocurrencies to buy today as they are among the top recommendations of analysts for this year. These three tokens leverage their user-friendly models to drive last-mile impact with DeFi.
These ecosystems simplify blockchain technology and encourage everyone to become financially independent. Their security and decentralized governance models reflect their consumer-driven frameworks that can promote long-term gains.