dYdX and Synthetix Spearhead DeFi’s Evolution, Excitement Builds for This AI Crypto Presale
Synthetix (SNX) and dYdX (DYDX) are spearheading innovations in the decentralized finance (DeFi) space, emerging as top DeFi projects while other decentralized exchanges like Uniswap (UNI) lose momentum. Data from Santiment shows that dYdX has enjoyed a surge in development activity with over 145 commits on GitHub in the last 30 days. Its trading volume [...]
Synthetix (SNX) and dYdX (DYDX) are spearheading innovations in the decentralized finance (DeFi) space, emerging as top DeFi projects while other decentralized exchanges like Uniswap (UNI) lose momentum.
Data from Santiment shows that dYdX has enjoyed a surge in development activity with over 145 commits on GitHub in the last 30 days. Its trading volume jumped by almost $100 million during the same period. Synthetix was right behind it, with 116 commits.
Emerging crypto InQubeta (QUBE) is also getting lots of attention because of the tremendous success its presale has had so far, raising $13 million. Its intent to create an easily accessible investment space that focuses on the artificial intelligence (AI) sector positions the project for substantial growth in the next several years. Some analysts expect QUBE’s price to soar by over 10,000% once launched.
Top ICO InQubeta (QUBE) offers an opportunity to create generational wealth with 100x growth projections
One of the reasons investors have been so bullish on QUBE since its initial coin offering started is the alternative it provides for all those who can’t use conventional investment options due to not meeting the elitist requirements many of these organizations have.
For example, angel investors get the opportunity to help fund startups, but investors must prove earning more than $200,000 for a minimum of two years or a net worth of over $1 million.
Thanks to InQubeta, investors now have a secure, transparent, and efficient way to acquire equity in AI firms. Here’s how InQubeta’s investment space is expected to work:
- AI startups are first assessed by InQubeta’s team to rule if they are eligible to use the ecosystem
- Companies that pass the initial evaluation get to digitize investment prospects they have to offer into non-fungible tokens (NFTs). These tokens are digital proof of the opportunities being presented and they cannot be duplicated
- The NFTs are then added to the ERC20 token list on the marketplace. The marketplace is where investors learn more about the opportunities being offered and the companies offering them. They also get access to expert opinions to help them make informed decisions
- QUBE is used for all purchases in the marketplace and any tokens acquired can be resold just as easily. Buyers can track the growth of their tokens through their InQubeta accounts
The rapid rise of artificial intelligence
Artificial intelligence’s viability has increased considerably since the first AI computer program was written in 1951. Innovations in the deep learning and machine learning fields have led to significant improvements to the capabilities of generative AI, leading to the creation of software like OpenAI’s ChatGPT.
AI is now expected to help shape humanity’s future across many industries from healthcare to transportation. A large portion of enterprises now use some form of AI for their daily operations, according to an IBM survey conducted in 2023.
The improvements in the viability of AI have led to a surge of investment capital by over 1,000% since 2015. Analysts are now predicting that over $1.5 trillion will flow into AI by 2030, setting projects like InQubeta up for significant growth.
Decentralized finance is expected to help shape the future of cryptocurrencies
Much of the development activity going on in the dYdX ecosystem could be linked to the network upgrade that was implemented in January. The move led to the DeFi ecosystem moving away from the Ethereum (ETH) network to the Cosmos blockchain. Over $60 billion in trades have occurred since the new upgrade according to DefiLlama.
Synthetix has also seen a major increase in its total value locked at over $994 million. The growth of these projects should help push the prices of their native tokens upward.
Summary
QUBE is one of the top cryptos to invest in right now with some experts predicting 100x growth once unleashed on exchanges. The utility it provides to people looking for more accessible AI investments and the influx of capital the artificial intelligence space is poised to receive sets it up for tremendous long-term growth.
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