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Analysts Stay Bullish Amidst Ethereum Crash, Investors Bullish on Arbitrum & Emerging AI Crypto Star

Even as Ethereum’s (ETH) price tumbled last week, but has bounced back to $3,500. Analysts continue to be bullish about its future. Their optimism stems from Ethereum’s illustrious journey as one of the oldest cryptocurrencies in the world. Its versatility as a decentralized technology can be modeled to create diverse solutions. 

It’s also one of the frontrunners to power the next wave of crypto exchange-traded funds (ETFs). Most experts are calling the negative price action a speed bump and believe that it won’t be long before Ethereum makes a recovery.

Meanwhile, InQubeta (QUBE) and Arbirum (ARB) have been enjoying the attention of crypto users due to their rallying prices. 

While Arbitrum is a Layer 2 technology, InQubeta lets crypto users invest in AI projects designed by startups in exchange for a share in their equity. Its cryptocurrency ICO has so far raised over $13 million.

InQubeta: Adding the crypto edge to startup investments

InQubeta is powered by the Ethereum blockchain which helps streamline fundraising through NFTs minted from startups’ investment proposals. 

These NFTs represent AI projects and are bought by crypto users with QUBE tokens, InQubeta’s official cryptocurrency.

The 1.5-billion supply of the ERC-20 coin is divided across purposes like public presales, overheads, marketing campaigns, and replenishing liquidity pools.

InQubeta functions with a decentralized governance structure requiring token holders to vote for suggestions or proposed changes to the protocol. The distribution of responsibilities ensures that every new feature or change is carefully reviewed and concerns are flagged well in advance. After an initial debate to highlight the suggestion’s pros and cons, it’s put to a vote where only community members are allowed. 

The platform packs a lot of credibility as it doesn’t differentiate between experienced and amateur crypto users. 

Regardless of how much knowledge people have about the crypto sector, there are multiple ways to boost generational wealth on InQubeta. 

An example is its staking service which is undertaken to strengthen the network’s security and give growth a leg up. Staked tokens are locked in liquidity pools and their owners get regular crypto rewards. These rewards are distributed from an independent pool that’s financed by tax proceeds. 

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Market for Ethereum Layer 2 solutions to cross $1 trillion in 6 years: Van Eck

Ethereum is a proof-of-stake blockchain that can power dApps, NFTs, cryptocurrencies, and a range of other Web 3.0 solutions. Its native token ETH is a top crypto to invest in with a global user base. 

The ETH token’s trajectory has had many ups and downs in the past but analysts believe that its potential can help overcome such obstacles. Even when Ethereum’s price dipped by 6.5%, analysts continued to stay bullish on its returns.

The blockchain was recently in the news after investment management firm Van Eck predicted that the market for Ethereum Layer-2 scaling solutions will cross $1 trillion over the next six years.

Azuki to leverage Arbitrum for a new Anime-based project

A leading Layer 2 technology, Arbitrum draws developers with its scalable and high-performance tools for building Web 3.0 solutions like dApps. 

Its native token ARB has had a solid record and continues to outperform several new altcoins. 

In a recent development, Arbitrum Foundation will be partnering with NFT platform Azuki for its upcoming project AnimeChain. The new initiative would serve as a complete ecosystem for anime creators and enthusiasts.

Conclusion

After leaving crypto users jubilant with their steady returns last year, InQubeta, Ethereum, and Arbitrum are emerging as the best altcoins for 2024. 

These tokens highlight the evolving nature of cryptocurrencies and how they can make technology utility-centric. These coins have raised the bar for altcoins and are behind a global wave of financial inclusion.

Market experts have linked these tokens’ success to their recent achievements and milestones. Ranking high on their list is Ethereum which has been making waves with new partnerships and integrations. 

The optimistic predictions about its prospects and the buzz around ETH ETFs are other factors contributing to its popularity.

Arbitrum has also made major headway with new collaborations. The latest is its partnership with the NFT platform Azuki. 

In case of InQubeta, the crypto community is yet to get over its fascination with an AI-driven platform where startups can raise funds with NFTs. Its novel use case promotes the ease of business and fund raising for startups which usually have to work on shoestring budgets. 

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