Ethereum faces hurdles while Reddit buzzes over AI coin

Ethereum’s current trading price near $3,497 poses a $212M liquidation danger for long positions, while InQubeta’s innovative AI investment platform captures the Reddit crypto community’s interest.

As investor sentiment post-BTC ETF stays high, analysts are seeing altcoins like Ethereum (ETH) cashing in on the trend and moving higher. For a short while, that’s exactly what happened until Ethereum witnessed a brief dip. 

Currently trading in the vicinity of $3,497, experts believe that any further decline in Ethereum’s price may cause the liquidation of long-term positions worth $212 million.

The other name creating a stir in the altcoin sector is InQubeta (QUBE). The Ethereum-based platform allows fractional investments in AI projects designed by startups and enables crypto users to back the innovations. 

InQubeta leads AI startups to new heights

InQubeta paves the way for fuss-free investment in AI projects through its native cryptocurrency, the QUBE token. The platform has an NFT portal where investment proposals are minted into NFTs and then sold to crypto users. 

Such has been the impact of InQUbeta’s features, that even Reddit discussion groups have been abuzz with its mention. With a presale funding that has crossed $12.3 million, InQubeta is among the leading new ICOs of the year.

As the portal allows fractional investment, people from diverse backgrounds can participate. After the funds are transferred, the investors become owners of a small share in the startup’s equity. 

There’s a lot more than fundraising that startups can explore on InQubeta. The altcoin connects innovators with a community of experienced professionals who can help them with branding and marketing. 

Startups can take the help of experts from the industry and get the early bird advantage as InQubeta provides mentorship support. Startups can also find mentors in the community and exchange key insights about the AI sector.

If a startup is stuck in a legal or financial issue, InQubeta’s accounting support can offer them valuable advice to tackle the challenge.

The QUBE token has a deflationary model that protects its users from inflationary tendencies. If the markets are trading in the red, the model lowers the availability of the token. The scarcity pushes up the token value and reduces price fluctuations while keeping investors satisfied. If there’s any rise in the supply, it’s countered by burning the unwanted tokens in supply.

The QUBE token is built on the ERC-20 standard which lends more flexibility to its model. The token’s 1.5-billion supply is divided between different use cases to support the platform’s growth.

The QUBE token is pivotal as it facilitates on-chain governance for InQubeta. Proposals for protocol changes or introducing features have to undergo a voting process where only token holders can participate. 

By allowing all stakeholders to express their views, the governance process ensures that all proposals are well-reviewed before being implemented. 

BlackRock unveils tokenized fund on Ethereum network

Ethereum is a top-notch cryptocurrency that leverages the proof-of-stake consensus algorithm for securing the network. Its native token ETH is used for all transactional purposes on the blockchain. The key USP of Ethereum is its versatility and the way it can support a diverse range of DeFi assets. 

Things turned awry for Ethereum for a brief period after its token price declined. A section of analysts felt that if Ethereum’s price dipped lower than $3,300, it could set in motion the liquidation of long-term holdings worth $212 million. 

At the same time, analysts have warned against rushed decisions and any dismissal of Ethereum’s potential.

The cryptocurrency was recently in the news after BlackRock announced its tokenized fund on the Ethereum network. The investment giant said that the fund was a collaboration between BlackRock and Securitize Markets and will be called the ‘BlackRock USD Institutional Digital Liquidity Fund’.  

Conclusion

Given their high-volume growth over the past few months, there’s little suspense about why analysts are calling Ethereum and InQubeta the leading cryptos to invest in this year. The two tokens have posted regular returns without buckling to market pressure. 

Market experts have suggested that the tokens’ success has a lot to do with their recent achievements. In Ethereum’s case, the interest in ETH ETFs and the subsequent rollout of BlackRock’s tokenized fund helped it rally. 

For InQubeta, the appeal of an AI-centric cryptocurrency that could simplify DeFi solutions made waves globally. Its presale results further boosted crypto users’ confidence in the QUBE token’s potential.

For more information, visit the InQubeta presale or join the InQubeta communities.