Ethereum (ETH) prices are starting to trend upward and that’s been followed by a considerable increase in network activity. Data provided by Santiment, a market intelligence firm, show that 484,000 unique wallets have been added to the blockchain in the last 90 days. This indicates that growing numbers are using the network to deploy decentralized applications and smart contracts.
ETH prices are currently around $2,384 after dropping as low as $2,161 earlier this year. Some predictions have ETH prices reaching $6,500 this year.
InQubeta (QUBE) is one of the many projects launched on the Ethereum network, and it’s one of the best new cryptocurrencies to buy now. The decentralized crowdfunding ecosystem aims to democratize access to artificial intelligence (AI) investments, allowing anyone who wants to secure equity in firms that advance the technology to do so without dealing with the arbitrary requirements many mainstream investment firms have.
The Graph (GRT) is another AI-focused cryptocurrency that’s expected to enjoy substantial growth in 2024. It serves as an indexing protocol that allows smart contracts and decentralized applications to query blockchains like the Ethereum network.
InQubeta (QUBE) might be the best DeFi crypto to invest in
Many expect InQubeta to be one of the top DeFi projects once it launches all its services. Traditional investment mediums have historically been the main way companies get funding, and it’s also been how most investors access investment opportunities.
However, these firms often have elitist requirements that prevent many people from using their services. For example, you’d need to be worth more than a million dollars or earn more than $200,000 for two consecutive years to be eligible for angel investment opportunities. InQubeta addresses these issues by providing a more accessible avenue for investors to obtain equity in AI startups.
InQubeta is the first cryptocurrency to focus on opening up access to AI investment and that positions it for substantial growth in the coming years. More than $1.5 trillion is expected to be guided into AI by 2030, and InQubeta’s utility should lead to exponential growth.
Here’s what the investment process looks like on the InQubeta network:
- AI startups gain access to InQubeta’s NFT marketplace after passing an initial assessment phase
- These firms develop ERC20 coins that represent reward and equity-based investment opportunities. Tokens are divided into smaller pieces through fractionalization, making individual units more affordable
- Interested investors buy QUBE with fiat or their cryptocurrency wallets and invest in AI by buying the ERC20 coins made by these firms
- Investors get to decide if they want to hold on to their ERC20 coins long-term or resell them on the NFT marketplace
How high will Ethereum (ETH) prices get this year?
The noticeable increase in network activity on the Ethereum blockchain has been one of the most positive developments the second most popular cryptocurrency has enjoyed this year. Increased activity sends more capital into the Ethereum network, pushing prices upward.
The approval of Bitcoin exchange funds that met the SEC’s ETF acceptance criteria has paved the way for an Ethereum ETF, and many believe it’s only a matter of time before the new asset class is created.
The Graph (GRT) is poised for more growth in 2023
GRT prices almost tripled during the last few months of 2023 and the project is anticipated to see more growth this year as more developers tap into its protocol so their applications can query blockchains like the Ethereum network.
The Graph also serves as a training platform for AI models, allowing them to query large datasets. Its utility in the crypto space should propel it to exponential growth in 2024.
Summary
QUBE, GRT, and ETH are three of the best coins to invest in right now. QUBE has the most growth potential in the group, given the investment opportunities it opens up and the tremendous influx of capital expected to flow into the AI space.