Cardano has a new achievement to its name – an 89% surge in wallet activity. As per the data released by the blockchain, the wallet number of wallet addresses on the Cardano network jumped from 1,706 to 3,227 between February 22 and 23, 2024.
The figures represent a rise in user interest. Market experts, who until a few days back were busy with discussions on the legal aspects of BTC ETFs, are watching its movement closely.
Another altcoin that has captured their interest is InQubeta (QUBE). The reason why so many of them are talking about it is its presale performance.
The Ethereum-based platform is a crowdfunding and business development portal for AI-centric projects. So far, its ICO has raised over $10.9 million.
InQubeta: Topping the list of emerging cryptos
InQubeta helps AI startups script their success stories with a gamut of resources for business development. The resources available on the platform include key insights about the AI sector from mentors, crowdfunding, and marketing support.
InQubeta also provides startups with a chance to connect with industry professionals and advice from financial experts.
These services have been designed to make scaling an AI-led business more feasible and less time-consuming. In the case of services like crowdfunding, regular crypto users can participate too by acquiring InQubeta’s native cryptocurrency, the QUBE token.
There is an extensive screening process to pick startups for raising funds on InQubeta. With these checks and balances, the platform ensures that it onboards enterprises with a vision that’s in tandem with its trajectory.
Globally hailed as one of the altcoins to watch out for this year, InQubeta has impressed many with its minimalistic design. To facilitate interactions between investors and startups, the team has created an NFT marketplace that allows fractional investment.
Each NFT sold at the portal corresponds to a startup project and can be bought only with QUBE tokens.
The QUBE token takes care of your worries about what cryptos to buy now as it’s a deflationary asset. The token guards a portfolio against market volatility and inflation by scaling down the market supply which suppresses price fluctuations. The combined effect of the action has a pacifying effect on the asset value and demand.
If the supply spirals, it returns to optimal levels by burning the additional tokens in circulation.
As blockchain technology evolves, the InQubeta team aims to keep up with the trends. To that end, it has created a roadmap of the initiatives it plans to undertake in the future. Given the popularity of the platform’s staking service, the team is also gearing up to roll out a staking dApp.
The move would make the service more accessible while boosting the security of the network. Plans are also afoot to get the QUBE token listed on an exchange.
Cardano generates its 10 millionth block
Cardano is an open-source public blockchain providing developers with new tools for dApp deployment. Built with the Ouroboros protocol, its native token ADA is used for settling all payments on the network. For the network’s security, these transactions are confirmed with the proof-of-stake protocol.
Its popularity spiked after it clocked milestones like a leap in wallet activity. In another achievement, it recorded its 10 millionth block on March 1, 2024.
The network can generate blocks faster with an extended UTXO model and efficient smart contracts.
Cardano’s surge comes at a time when the buzz around crypto ETFs is at an all-time high. The BTC-focused financial products debuted in the US in January after overcoming multiple regulatory challenges for ETFs. Cardano’s gains have brought some much-needed relief for the altcoin sector.
Conclusion
InQubeta and Cardano have mopped up significant revenues in the recent past and have surfaced as two of the best cryptocurrencies to buy in the current market. They have continued with their winning streak leaving their holders richer and more content.
While Cardano has clocked new gains with the uptick in its wallet activity, InQubeta has made good on its promise by making it to the best cryptocurrency ICO lists of experts across the world.
According to analysts, the tokens’ positive price actions offer a peek into what the future holds for them. Combining their growth potential and ability to diversify a portfolio, these coins paint an impressive outlook for their holders in the coming months.
