Ethereum Burn: 5,933 ETH Valued at $15M Incinerated; Sei, Chainlink & InQubeta on the Verge of Breakout
Recent developments in the crypto space have been nothing short of spectacular and game-changing after the recent SEC decision on Bitcoin ETF. Ethereum, the world’s second-largest cryptocurrency, recently saw a whopping 5,933.58 Ether—equivalent to a mind-blowing $15,477,852—go up in flames. But amidst this fiery spectacle, an emerging crypto contender steps into the spotlight: InQubeta (QUBE). [...]
Recent developments in the crypto space have been nothing short of spectacular and game-changing after the recent SEC decision on Bitcoin ETF. Ethereum, the world’s second-largest cryptocurrency, recently saw a whopping 5,933.58 Ether—equivalent to a mind-blowing $15,477,852—go up in flames. But amidst this fiery spectacle, an emerging crypto contender steps into the spotlight: InQubeta (QUBE). Branded as the Sei and Chainlink competitor, it’s gearing up to make a splash in the crypto market by introducing a new approach to AI investments.
The Ethereum Burn: A Blaze of Transformation
A whopping 5,933.58 Ether was burned from Ethereum transactions, totaling a jaw-dropping $15,477,852. But why should people care about this fiery phenomenon? Burning is about sending coins or tokens to a wallet where they become unusable, effectively taking them out of circulation for good. This mechanism is employed by many crypto projects, but it has taken center stage because of Ethereum.
Ethereum made a major move back in August 2021 with the EIP-1159 upgrade. This upgrade shook things up by introducing a new transaction fee model. Here’s the deal: every time you make a transaction, there’s a variable base fee attached to it. The fee changes based on how busy the Ethereum network is.
Here’s where it gets interesting. Ethereum has been churning out new Ether at a rate of 4% annually. But because Ethereum 2.0 is on the horizon, that rate is expected to drop to a mere 0.5-1%. If the burn rate ends up higher than the issuance rate, Ethereum could become a deflationary currency. The recent numbers showed a -5.53% net annualized issuance rate for Ether, hinting at a major shift in Ethereum’s value and supply.
InQubeta (QUBE): Disrupting AI Startup Investments
Now, let’s shift your focus to one of the new DeFi projects gaining traction – InQubeta (QUBE). This trailblazing platform is not just another player in the crypto arena—it’s a game-changer that’s democratizing access to AI startup funding through its innovative approach.
At the heart of InQubeta lies the QUBE token, a deflationary token that serves as the lifeblood of the platform. Unlike traditional investment models, InQubeta fractionalizes investment opportunities into popular NFTs, allowing investors to purchase fractions of AI startup assets with ease. This fractionalization opens up AI startup investments to a broader audience, democratizing access and leveling the playing field for all investors.
But the benefits don’t end there. Holding QUBE ERC20 coins comes with a slew of advantages, including a portion of transaction fees allocated to a burn wallet, effectively reducing the total supply over time—a tantalizing prospect for investors eyeing long-term growth potential. Moreover, QUBE tokens can be staked, enabling beginner cryptocurrency holders to earn rewards while actively participating in the platform’s ecosystem.
As you look ahead to the future of the best crypto investment, InQubeta emerges as a beacon of opportunity in a sea of uncertainty. With its innovative approach to AI startup funding and a robust ecosystem fueled by the QUBE token, InQubeta is poised for explosive growth in 2024 and beyond. With the presale currently in Stage 7 and exciting developments on the horizon, there’s never been a better time to explore the project than before it experiences a breakout moment.
To Sum Up
Ethereum’s recent burn event highlights the ongoing evolution of blockchain technology and its impact on the broader crypto landscape. Meanwhile, InQubeta (QUBE) is on the verge of breaking out, and it’s poised to disrupt the status quo and redefine the way AI startups are funded and supported.
If you’re looking for an exciting investment opportunity in 2024, look no further than InQubeta. With its innovative approach, strong community backing, and promising growth trajectory, InQubeta is primed for success in the years to come. Visit their website and join their Twitter community to learn more about the groundbreaking platform. Don’t miss out on this opportunity to be at the forefront of the next big thing in the world of crypto.
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