As Ethereum (ETH) shines in the glory of its rallying prices, a new report has cast a shadow on the sustainability of restaking its token.
Coinbase recently released a report on liquid restaking tokens (LRTs) and stated that the high rewards could have potential hidden risks. The report cautioned that while restaking can hike earnings it can also compound risks as the same tokens are allocated to validators for higher yield.
Amid the caution, there are altcoins like InQubeta (QUBE) which are poised to soar in the coming months. The top altcoin has been drawing crypto users with a decentralized crowdfunding model for AI projects.
Seen as a potential competitor to other coins like Injective (INJ), InQubeta’s ICO has till now raised over $13.2 million.
InQubeta: The best crypto in the AI sector
InQubeta is a crypto project that makes startup investment more accessible through the use of DeFi. Its native cryptocurrency, the QUBE token, is the only mode of payment within the InQubeta ecosystem. Apart from payment, it’s also used for staking and securing the blockchain.
With the funding from crypto users, startups can scale their projects confidently and plan their growth journeys. Being one of the best new ICOs of the year, InQubeta is expected to net bigger gains in the coming months.
The QUBE token comes with a deflationary character which adds to its future-ready model. A deflationary model acts as a defense against inflation or market volatility for the asset’s returns.
Whenever the markets are floundering, the model lowers the availability of the token so that its value doesn’t fluctuate. The stability of prices draws more investors and keeps the returns safe from market upheavals. If there is a risk of supply rising again, the token burn mechanism is deployed to remove excess coins from circulation.
The InQubeta team has come up with a blueprint to expand the platform’s influence over the DeFi sector. The roadmap is filled with new projects and launches that will introduce more people to interesting passive investment opportunities.
The first of these initiatives is a staking dApp. There are also plans to get the QUBE token listed on a centralized exchange to make the purchase process easy for newcomers.
Ahead of Ethereum ETF decision, SEC seeks public feedback
Ethereum is an open-source blockchain that is known for its accessibility and scalability while deploying dApps. Transactions made with its native token ETH are always authenticated with the proof-of-stake algorithm.
Ethereum is among the frontrunners in the race for cryptos that can support exchange-traded funds (ETFs). As crypto ETFs make a splash in the US, asset management firms are looking for other cryptocurrencies to roll out similar products.
Providing regulated exposure to cryptocurrencies, spot ETFs are emerging as one of the best ways to increase generational wealth.
Many firms have even filed applications for Ethereum ETFs with the US Securities and Exchange Commission (SEC). While the regulatory body is expected to announce its decision in May, it has invited public comments and any concerns about the financial products.
At the same time, a section of analysts have aired their concerns about the risks posed by restaking of the ETH.
Bitget wallet to integrate with Injective
Injective is giving tough competition to new altcoins with a proven track record and cutting-edge features. The platform features a gamut of tools for building dApps for businesses and financial institutions. Its native token is INJ.
The token was recently in the news after the Bitget Wallet added the INJ token to its network. The development would boost the Web 3.0 wallet’s user experience and allow people to access a wider range of DeFi services.
Conclusion
Over the past few months, Ethereum, InQubeta, and Injective have been outpacing several asset categories with their upward trajectory. These tokens rank high in analysts’ lists of favorites as they balance utility with diversification.
Crypto enthusiasts have suggested that these platforms have also been performing well because of their individual achievements.
These crypto projects are exploring opportunities and targeting new audiences with partnerships and collaborations. The most recent example is that of Injective which was integrated with the BitGet wallet recently.
In Ethereum’s case, expectations over the rollout of ETH ETFs have been pushing its prospects for the past few months. The US SEC has even invited public comments and opinions about the Ethereum ETFs. The development reflects how the regulatory bodies are acknowledging the impact that cryptocurrencies can have.
For InQubeta, experts believe that its distinguishing feature is its NFT-based crowdfunding model for startups. The easy process of investing, fractional investment, and a single model of payment make investing in AI projects a breeze for crypto users.
