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A growing number of Bitcoin ($BTC) whales are buying up InQubeta ($QUBE) tokens, taking its presale past the $3.1 million milestone as it emerges as one of the top DeFi projects in the cryptocurrency space. $QUBE prices have grown almost 2x since the event started and prices will still grow 3x before tokens launch on exchanges.
InQubeta takes on mainstream investment firms by providing an easier-to-access alternative that allows anyone to invest in artificial intelligence (AI) startups. The project is positioned right in the middle of the AI revolution as the technology plays a larger role in our lives.
Meanwhile, SWIFT is currently testing out its solution for interlinking central bank digital currencies (CBDCs), a move it hopes will allow digital currencies to interact with current fiat-based payment systems. It’s another sign of how impactful the cryptocurrency revolution has been on traditional financial institutions.
Top DeFi project InQubeta ($QUBE) gets a boost from Bitcoin (BTC) whales
The past couple of months haven’t been particularly great for $BTC investors as prices dropped down to $25k. The $QUBE presale became a rallying point for some of these investors since it offered them the opportunity to recoup some of their losses. Investors who bought $QUBE during the presale’s beta stage have almost doubled their investments and newcomers still get to grow their funds 3x before tokens are released on exchanges.
The price structure of the $QUBE presale, its tokenomics, and the utility the project provides make it one of the top altcoins in the crypto space and one of the most profitable. $QUBE has a smaller token supply than most cryptocurrency tokens with a 1.5 billion cap and burn taxes taking more tokens out of circulation. The limited supply of tokens and the platform’s immense utility give it comparable growth potential to top crypto coins like $BTC.
How it works
InQubeta uses ERC20 coins (non-fungible tokens) to create a seamless, secure, and transparent way to invest in AI. Startups mint ERC20 coins that denote equity and investors buy them in the NFT marketplace with $QUBE.
$QUBE is the ecosystem’s native token, and it can be acquired with debit cards, credit cards, or over a hundred cryptocurrencies.
Accumulating $QUBE could be just as profitable as buying part ownership of startups given how undervalued tokens currently are and their growth potential. $QUBE currently goes for $0.0133, but prices could easily reach the dollar mark if it gains a $1.5 billion market cap in the next couple of years. This means a $1,000 investment in $QUBE could be worth over $75k by the end of 2024 and a lot more than that in the coming years.
SWIFT launches CBDC beta with three banks
The worldwide financial network, SWIFT, has announced it has started beta testing its solution to connect digital currencies issued by central banks. The project aims to allow the use of CBDCs for cross-border payments.
The Central Bank of Kazakhstan and the Hong Kong Monetary Authority are among the banks currently being tested. SWIFT’s Chief innovation officer, Tom Zschach says the goal is to allow current fiat-based payment systems to coexist with digital currencies.
SWIFT’s CBDC connector was created through a sandbox testing process that started in March. That round of testing included 18 global financial institutions and showcased the connector’s potential.
SWIFT currently connects more than 11,000 corporations, financial institutions, and banks, covering over 200 countries worldwide. It hopes its CBDC connector will help it maintain its dominance in the fast-evolving global payment landscape that has been shaken up by cryptocurrencies for the past decade.
Summary
InQubeta has emerged as one of the top DeFi projects as its presale flies past the $3 million milestone with no signs of slowing down. It’s perfectly placed for growth as over $1.5 trillion is funneled into the AI industry thanks to its creative way of making AI investment more accessible.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
