Following a landmark decision by the Securities and Exchange Commission (SEC), Bitcoin (BTC) ETFs were launched with much fanfare in the US in January. Since then, the funds have outperformed many asset classes due to heavy buying.
Till April, crypto ETFs had collectively raised more than $12.5 billion in investor inflows. The record growth has inspired many other countries to explore the crypto ETF space. In April, Hong Kong gave a green light to a proposal to launch spot ETFs in the region.
The altcoin sector seems to be abuzz with similar optimism, thanks to the growth of InQubeta (QUBE). A decentralized platform that helps startups with crowdfunding, the AI-led altcoin is pitted as a rival to top names like Celestia (TIA).
The cryptocurrency’s presale stages were also a major success and closed after raising more than $13.6 million.
InQubeta: A Disruptive AI-Led Altcoin
InQuebeta has made the headlines with its far-reaching investment model where AI startups can explore multiple sources of financing. Crypto users get the advantage of backing AI projects that are ahead of their time.
The InQubeta model is a hassle-free one as startups and investors interact through its NFT marketplace. The NFTs are created from investment proposals of startups and are then sold to crypto users.
To buy these NFTs, people need to own InQubeta’s native coin, the QUBE token. After the transaction, the startups receive the funds, and the NFT buyer becomes an equity holder in the company.
With the QUBE token, people won’t have to worry about what cryptos to buy now as it has a deflationary model. The feature gives it an edge over other asset categories whose prices fluctuate with market conditions.
Whenever inflation is on the rise, the model makes the QUBE token scarce in the market. The supply is trimmed by burning any unwanted coins in circulation. The drop in supply will stabilize the price and push the demand even under less-than-ideal market conditions.
Crypto users looking for a convenient way to earn passive income can stake their QUBE tokens. Staked tokens are locked in liquidity pools and go on to help secure the blockchain and aid its growth.
To incentivize the owners, the emerging crypto distributes staking rewards from an exclusive pool. The pool is maintained by tax collections. Token holders can stake their assets for as long as they want and without impacting their ownership rights.
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Online Campaign Seeks Bitcoin’s Inclusion in Swiss National Bank’s Reserves
Bitcoin is a proof-of-work cryptocurrency that is used globally for digital payments. The supply of its native token BTC is limited. The BTC token has had a stellar year so far as events like the launch of spot ETFs and a halving event contributed to its rally.
Since their debut in the US, BTC ETFs have attracted investor inflows worth $12.5 billion.
In a related development, Bitcoin patrons in Switzerland have launched an online campaign that seeks the token’s inclusion in the national bank’s reserves.
Celestia Labs Raises $55 Billion
Celestia is a modular data framework that solves all scalability issues during the deployment of a blockchain. The network’s utility token TIA is used for all transactional purposes.
Considered one of the altcoins to watch out for this year, the network recently hit the headlines after its parent company, Celestia Labs, raised around $55 million in a Series A and B round.
The funding round was led by leading venture capital funds like Polychain Capital and Bain Capital Crypto.
Conclusion
InQubeta, Bitcoin or Celestia? Choosing between the three tokens seems to be a tough choice as they are among the best cryptocurrencies to buy in today’s market.
The three tokens have received favorable ratings from analysts due to their high potential and inventive models. Another reason behind their rising popularity is their focus on new partnerships and projects.
This fact is made apparent by the $55-million funding round Celestia Labs recently bagged. Celestia Labs, which is the brainchild behind the blockchain network, attained a unicorn status with the funding round.
Bitcoin also attained record highs due to the popularity of spot ETFs and its recently-concluded halving event.
InQubeta is fast catching up with top cryptos as it makes waves internationally. After making it to leading analysts’ best cryptocurrency ICO lists, the cryptocurrency is looking to reach out to new audience groups after being listed on Uniswap and MEXC.
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