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HomeNewsCoinbase Crashes as Bitcoin Soars: Akash Competitor Sees Momentum Boost

Coinbase Crashes as Bitcoin Soars: Akash Competitor Sees Momentum Boost

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The prominent cryptocurrency exchange Coinbase faced a significant outage, leaving users stranded during a Bitcoin (BTC) price surge. CEO Brian Armstrong attributed the blackout to an “unprecedented surge of traffic,” acknowledging the exchange’s infrastructure struggled to manage the overwhelming demand. These issues and the increased trading volume that quickly raised Bitcoin’s value above $68,000 caused worries about the exchange’s ability to scale­ and handle peak demand periods.

Amidst this, InQubeta (QUBE), a formidable competitor to Akash (AKT), has recently witnessed a notable surge in momentum. InQubeta is an emerging crypto at the intersection of artificial intelligence and blockchain technology, establishing itself as a project worth paying attention to. The project aims to create a transparent and democratic environment for investing and promoting the development and achievement of artificial intelligence startup companies.

Let’s delve into the reason behind the Bitcoin surge amid the Coinbase crash and explore InQubeta, an Akash competitor, as it sees a boost in momentum. 

InQubeta (QUBE): Revolutionizing AI Startup Funding Through Crypto Crowdfunding and NFTs

InQubeta is acknowledged as an innovative crypto crowdfunding platform that facilitates fractional investment in AI startups using QUBE tokens. Utilizing the Ethereum blockchain, InQubeta developed a deflationary token, QUBE. This Akash competitor has witnessed a momentum boost due to its ongoing presale. 

The presale of this platform is drawing significant attention, raising over $11 million in funding. Currently in its eighth stage, this best DeFi project has sold over 856 million QUBE tokens and is currently priced at $0.0245. Joining the presale is accessible and open to investors looking to back AI startups and potentially gain profits. They can buy QUBE tokens with BTC, ETH, or USDT.

This emerging crypto offers investors diverse investment prospects, each converted into an NFT and fractionalized. This method accommodates investors with different financial capacities, fostering an inclusive and adaptable investment environment. Early backers stand to gain financial advantages and can significantly contribute to advancing AI technology startups.

InQubeta’s top NFT marketplace functions as a link, bringing together AI startups and prospective investors. By creatively incorporating NFTs and QUBE tokens, InQubeta has built a symbiotic ecosystem. This setup enables AI startups to secure essential funding, and in return, investors acquire distinctive and valuable chances to participate in this best DeFi project.

The InQubeta platform presents its community with another avenue to profit by staking QUBE tokens. Investors can accrue rewards by staking their tokens, as a fraction of the platform’s 5% sell tax is allocated to a dedicated reward pool. This distinctive strategy fosters token holders’ engagement and propels the progress of AI technology startups.

Bitcoin (BTC): The Decentralized Digital Currency Shaping Market Dynamics

Bitcoin, a digital currency without ce­ntralized control, operates inde­pendently without an overseer or manager. It is both a store of value and a means of exchange, with its worth fluctuating according to market dynamics. Recently, BTC reached $68,000. 

The spike­ in BTC’s price fluctuations resulted in a considerable rise in activity on Coinbase, exceeding the platform’s capacity. Many users e­ncountered problems such as ze­ro account balances being displayed and errors occurring when trying to conduct cryptocurrency trades. The­ exchange struggled to handle­ the increased volumes, with services becoming intermittent or unavailable.

Akash Network (AKT): Pioneering Decentralized Cloud Computing in the Cosmos Ecosystem

Akash Network is paving new ground in decentralized cloud computing, le­veraging the capabilities of the Cosmos ecosystem to champion an innovative marke­tplace approach. AKT  cultivates a vibrant and inclusive cloud services marketplace by e­nabling peer-to-peer transactions for computing assets.

Akash aims to match resource­s efficiently and streamline­ operations through smart contracts. AKT token powers a secure and transparent cloud marke­tplace by incorporating blockchain technology. This method enhance­s privacy and censorship resistance by le­veraging the strengths of de­centralization.

Summary

Amid Coinbase’s crash and the soaring trajectory of Bitcoin, InQubeta, an emerging contender to the Akash project, has witnessed a surge in momentum. With InQubeta’s steadfast dedication to innovation and inclusion, facilitated by its top NFT marketplace, InQubeta is well-positioned to reshape crypto crowdfunding. As the presale gains momentum, InQubeta emerges as a symbol of possibility, providing investors with a preview of the future of decentralized finance and AI technology investment.

Visit InQubeta Presale 

Join The InQubeta Communities

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John Kiguru
John Kiguru
John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@ethnews.com Phone: +49 160 92211628
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