Terra Luna recently made its way back into the list of the top 100 cryptocurrencies in terms of market capitalization. This is a significant achievement that highlights the project’s progress as it tries to regain its footing in the market following its May 2022 crash.
As Terra Luna re-enters the list, many investors and analysts alike are pondering the possibility of other coins making it into the top 100. Among the new DeFi projects and other cryptocurrencies on the rise that show potential is InQubeta ($QUBE). This article explores both of these projects.
Terra Luna is Back in the Top 100
While sources differ on the position of Terra Luna in the top 100, it’s clear that the project has managed to bounce back from its catastrophic May 2022 crash. According to CoinMarketCap data on October 19, Terra Classic ($LUNC) is the 89th largest cryptocurrency in terms of market capitalization. The total market value of its circulating supply – which is almost at 5.8 trillion as of the said date – is around $319 million.
The efforts of the Terra Luna team are instrumental in this recovery. Their main goal has been reducing $LUNC’s supply to increase its altcoin price. To do this, they’ve decreased the block issuance rate – which means that new tokens are created and released more slowly – and imposed a burn tax.
A recent development that has undoubtedly contributed to the coin’s re-emergence as a top crypto to buy is the burning of 76 billion $LUNC tokens. This accomplishment is part of the community’s ongoing efforts to rebuild the Terra ecosystem and establish $LUNC as a viable cryptocurrency.
InQubeta ($QUBE): Pioneering AI Investment
InQubeta ($QUBE), one of the new DeFi projects in 2023, is gaining significant attention in the AI investment landscape because it offers a secure and decentralized crowdfunding platform that benefits both AI startups and investors. It enables AI-focused startups to raise funds by minting investment opportunities in their companies as fractionalized non-fungible tokens (NFTs). These are listed on the InQubeta marketplace and platform users can purchase them using $QUBE ERC20 coins.
InQubeta’s investment model differs from the traditional funding approach because it bypasses middlemen like banks and venture capitalists. It’s advantageous to AI startups because they can raise funds more easily by engaging with probable investors directly. Additionally, more individuals and organizations can participate in AI investments because InQubeta ($QUBE) enables the fractionalization of NFTs – making them more affordable.
About the $QUBE Token
While $QUBE is primarily used to facilitate transactions on InQubeta, it’s also a governance token. Users who purchase it are given voting rights commensurate with the amount they own, allowing them to influence the project’s direction. $QUBE holders can also stake their tokens to earn rewards from a dedicated reward pool. 2% of the 5% buy tax and 5% of the 10% sell tax are directed to this pool.
Apart from being a source of passive income, staking also benefits InQubeta by helping make the network more secure. It’s also advantageous to all $QUBE investors because the more tokens are staked, the less the circulating supply is, which may drive up the altcoin price.
InQubeta ($QUBE) has ambitious expansion plans in store. These include transitioning into a multi-chain platform early in 2024 to provide users with more investment options. The project also intends to develop and launch its own Android and iOS app, and list $QUBE on both centralized and decentralized exchanges to widen its market reach.
Conclusion
$LUNC’s journey from a dying altcoin to one of the top crypto coins is proof of the crypto market’s unpredictability. While there are cryptocurrencies which seem to be permanent fixtures in the upper echelons of the top 100 list, the rest is largely an ever-changing landscape.
Among the altcoins to watch out for is InQubeta ($QUBE). With its innovative AI investment platform, as well as its transparent and well-defined roadmap and tokenomics, it’s set to become a top performer in the market. This is already evident in its successful presale, which has sold more than 410 million tokens and raised more than $3.7 million.
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