Ethereum Hits Major Staking Milestone; Spotlight Turns to Sei’s New Challenger
Ethereum (ETH) is one of the best altcoins to buy now as its prices broke the $2,900 resistance level for the first time in over two years. The network recently hit a major staking milestone when data from IntoTheBlock, an on-chain crypto analytics firm, showed the staking participation rate is now more than 25%, meaning [...]
Ethereum (ETH) is one of the best altcoins to buy now as its prices broke the $2,900 resistance level for the first time in over two years. The network recently hit a major staking milestone when data from IntoTheBlock, an on-chain crypto analytics firm, showed the staking participation rate is now more than 25%, meaning a quarter of Ethereum holders are holding on to the top altcoin long-term and using their tokens to help run the blockchain.
InQubeta (QUBE) is one of the many projects deployed on the Ethereum network and this functionality allows its developers to create a decentralized investment space that focuses on artificial intelligence (AI). The emerging crypto aims to serve as an alternative to mainstream investment firms and their random requirements.
Sei (SEI) hosts a blockchain that is built specifically to host decentralized exchanges. Its prices have risen 33% in the first month and developers are flocking to its ecosystem to launch their exchanges.
Popular NFT crypto InQubeta (QUBE) raises $9.9 million in presale’s seventh stage
InQubeta has outperformed most cryptocurrencies in the past 12 months, giving investors who bought in during its beta stage 220% gains. It’s on course to surpass the $10 million milestone set at the start of its ICO, a sign of how bullish investors are on the solutions it provides.
InQubeta takes on mainstream investment channels by using a crowdfunding approach to democratize access to AI investment opportunities. It also seeks to address fundraising challenges startups face by providing them with services like legal and marketing advice.
InQubeta also frees up the flow of capital into AI since a huge portion of potential investors are denied access to investment services due to not meeting income requirements like earning over $200,000 for two years straight to qualify for angel investment opportunities.
InQubeta allows startups to mint non-fungible tokens (NFTs) that are digitized proof of reward or equity-based investment opportunities. Anyone can obtain equity in capable AI startups on the InQubeta ecosystem by buying the NFTs of companies they want to back.
Over $1.5 trillion is estimated to flow into artificial intelligence in the next several years, positioning InQubeta for substantial growth as it plays middleman and connects AI startups with investors.
What’s next for Ethereum (ETH) after setting a new staking milestone?
Over 38.69 million ETH is currently being staked on the Ethereum network, a sign that many investors plan to hold on to the top altcoin for a while. It’s not surprising to see investor interest in ETH grow given the positive effects of exchange-traded funds that met the ETF acceptance criteria being launched on the Bitcoin (BTC) network.
With the US Securities and Exchanges Commission (SEC) giving Bitcoin ETFs the green light, the door is now open for Ethereum spot ETFs, which will bring in trillions of dollars from the major asset managers.
The huge amount of ETH being staked right now also improves the blockchain’s security. The shift to a consensus protocol now means hackers looking to manipulate the blockchain would need to own a substantial portion of the quantity being staked to pull off their schemes.
Some analysts project ETH prices will reach $6,500 in 2024 and it’s hard to argue against that given the bullish momentum the project is currently enjoying. Expect prices to grow a lot more if ETFs are approved.
Sei (SEI) has surged 32% in the past month
SEI provides lots of utility by providing infrastructure that enables decentralized exchanges to run efficiently, and that should lead to considerable growth in 2024 as its user base grows. It was one of the best altcoins to buy in 2023, delivering over 11,000% returns.
Summary
QUBE, SEI, and ETH should be at the top of your list if you’re looking for top crypto coins to invest in. QUBE will probably enjoy the most growth this year thanks to the highly-needed solution it offers investors looking for easier access to AI investments.
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