BTC drops 20% from July highs. Why is QUBE bullish?

$QUBE has stood out as a beacon of promise in recent weeks. With its deflationary token model, NFT marketplace, and empowering governance structure, $QUBE is reshaping AI technology investments. Explore why $QUBE is one of August’s most exciting DeFi projects in light of the recent BTC drop from July highs.

QUBE: The promising DeFi project

$QUBE is an ERC20 token developed by InQubeta, the brains behind the world’s first crypto crowdfunding platform designed for fractional investment in AI startups. InQubeta aims to revolutionize how AI startups raise capital and interact with their communities.

$QUBE boasts a deflationary token model, making it one of the best cryptocurrencies to invest in for long-term investment. A 2% tax on all buys and sells contributes to a burn wallet, bolstering the token’s value over time. Additionally, a 5% sell tax feeds a dedicated reward pool, allowing token holders to earn rewards via staking.

Democratizing AI Investments: InQubeta believes that the convergence of AI technology and crypto represents a significant growth and innovation opportunity. They address the inefficiencies and inaccessibility of traditional investment methods by introducing the QUBE token and the InQubeta NFT marketplace. This approach streamlines and enhances the investment process, benefiting both investors and startups.

NFTs for AI Startup Fundraising: InQubeta’s NFT marketplace enables AI startups to raise funds by offering reward and equity-based NFTs, making it a top choice among the best crypto coins to buy now. $QUBE token holders can conveniently invest in projects they support through this marketplace, fostering a mutually beneficial ecosystem.

$QUBE also serves as a governance token within the InQubeta ecosystem, empowering holders to actively participate in platform decisions, a unique feature among cryptocurrency options. This allows token holders to propose, discuss, and vote on various platform development and direction aspects.

AI startups create reward and equity-based NFTs, offering investors enticing incentives, making these NFTs some of the most popular NFTs in the crypto market. The startups then list their NFTs on InQubeta’s NFT marketplace, providing investors with a platform to explore and select these NFTs.

Investors use $QUBE tokens to purchase NFTs they like the look of, ensuring a secure and efficient process thanks to blockchain and smart contracts. This makes it one of the best NFT crypto options for investors.

Startups receive funds and community support, while investors enjoy rewards and equity tied to their NFTs. It’s a win-win situation for both parties.

$QUBE is built on the Ethereum blockchain, harnessing Ethereum’s smart contract capabilities to establish a transparent and secure investment environment for AI startups and investors. InQubeta plans to expand to multiple blockchains in Q1 2024 to enhance accessibility and diversity within its investment ecosystem.

The platform features a buy tax of 5% sell tax of 10%, benefiting both token holders and the InQubeta community. A portion of these taxes goes to initiatives such as staking rewards, liquidity provision, marketing, and token burn, fostering a transparent and democratic investment ecosystem for AI startups. This makes it one of the best defi crypto options with a strong community focus.

InQubeta’s innovative approach, combined with the $QUBE token’s deflationary model and governance features, positions it as one of the best cryptocurrency investments and a top choice among altcoins to buy. It’s a project that bridges the gap between AI and crypto, offering a promising future for investors.

For more information on $QUBE and the InQubeta ecosystem, explore their website and ERC-20 tokens list. It is currently seen as one of the top altcoins to watch in the ever-evolving world of cryptocurrency and blockchain technology.

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Bitcoin ($BTC) sees 20% drop from July highs amid growing concerns

Bitcoin (BTC) has shown remarkable resilience despite recent market turbulence triggered by the US Federal Reserve’s announcement of a 25 basis points hike in the Federal Funds Rate (FFR). Despite the potential for a short-term dip, Bitcoin has demonstrated strength in the face of the Fed’s rate hike. Moreover, it appears poised to receive more institutional attention.

Bitcoin proponents argue that the underlying technology and long-term potential remain robust despite these challenges. They see this correction as a healthy market reset, allowing for more sustainable growth in the future. However, the coming weeks and months will be critical in determining whether Bitcoin can regain its footing and resume its upward trajectory or if further declines lie ahead.

Notably, several prominent asset managers have submitted applications to the United States Securities and Exchange Commission (SEC) seeking approval to launch the first Spot Bitcoin ETF in the United States. This move is a positive development that could foster more institutional demand for Bitcoin and, indeed, be the potential start of the next bull market.

On July 20, Bitcoin research firm NYDIG even projected that the approval of these ETF applications could spur a demand surge of up to $30 billion for Bitcoin. This estimate is based on various factors, including the reputation of asset managers like BlackRock and the widespread understanding of traditional trading methods among securities brokers.

In parallel with these developments, Bitcoin’s resilience in the face of the increased Federal Funding Rate has attracted significant attention from investors. Its social dominance, a metric measuring the extent of discussions about a cryptocurrency compared to other top 100 crypto assets, has experienced a notable boost.

According to data from on-chain analytics firm Santiment, Bitcoin now commands one-third of all discussions about the top 100 cryptocurrencies. Its social dominance stands at 33.33%, reaching its highest point in the last two weeks.

Conclusion

In conclusion, while Bitcoin faces short-term uncertainty, the $QUBE token represents a highly promising DeFi project. InQubeta’s innovative approach to fractional AI startup investments and its unique tokenomics set it apart, creating a compelling case for those interested in the intersection of AI and crypto.