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Ethereum (ETH) strengthened its position as a top-notch crypto project after US investment firm Van Eck recently predicted that Layer-2 solutions powered by the blockchain are likely to reach a market cap of $1 trillion by 2030. The report reaffirms the crypto community’s faith in the platform’s versatility and potential.
Known for its multifaceted code architecture, with Ethereum, people won’t have to worry about what cryptos to buy now. Incidentally, an Ethereum-based cryptocurrency that has been attracting high investor inflows is InQubeta (QUBE). The platform enables AI startups to find investors and scale their projects globally.
Considered to be a potential rival to Avalanche (AVAX), the crypto project has been making waves with its surging presale funding, which currently stands at $13.3 million
InQubeta: An emerging crypto for AI enthusiasts
On InQubeta, startups raise funds through the sale of NFTs that are minted from their investment proposals. These NFTs are sold at InQubeta’s online marketplace.
Crypto users buy them with the platform’s native cryptocurrency, the QUBE token, and become owners of a small part of the firm’s equity.
The QUBE token powers InQubeta’s governance structure where proposals for protocol changes are put to a vote.
Token owners participate in these voting processes and express their opinions about a suggested change with their special rights. They act as gatekeepers to keep unnecessary upgrades away while allowing the platform to evolve with the times.
For people eyeing stable returns, the QUBE token might be the best cryptocurrency to buy right now as it has a deflationary model. The feature keeps returns intact even when the market might be in duress due to inflation or volatility.
When the markets are trading in red, the model restricts the token supply to make it scarce. The action pushes its value and encourages more crypto users to buy the token.
A deflationary model gives the QUBE token leverage and helps it outperform other asset groups when inflation or volatility is rising. If there is any supply expansion, it’s cut short by burning the wanted coins.
Hashkey Group to roll out Ethereum Layer 2 blockchain
Ethereum can support a wide range of DeFi assets which add to its draw as a blockchain. All payments like fees and taxes on the network are made in terms of its native token ETH.
These transactions are later authenticated with the proof-of-stake consensus where token holders can earn rewards by offering their services as validators.
It’s also a contender for the next wave of spot exchange-traded funds (ETFs). Multiple crypto asset firms have submitted applications with the US Securities and Exchange Commission to launch their ETH ETFs.
Considered one of the altcoins to watch out for this year, the blockchain was in the news recently after a Van Eck report claimed that the market cap of Layer-2 solutions is likely to cross $1 trillion over the next six years.
In a related development, Hong Kong-based Hashkey Group announced that it would be rolling out an Ethereum Layer 2 blockchain. Making the announcement at the 2024 Hong Kong Web3 Festival, the Hashkey team stated that it is planning a testnet launch within the next six months.
New Avalanche-based token to pave the way for tokenization of diamonds
Avalanche is a leading blockchain where developers get ample freedom to design bespoke dApps and other decentralized solutions. Its native token is AVAX.
In a recent development, Avalanche will soon be powering an ambitious project to tokenize diamonds.
Oasis Pro has announced its plans to deploy a token on the Avalanche C-Chain that stands for a stake in the Diamond Standard Fund, which is backed by the Diamond Standard Commodities and Horizon Kinetics.
The two entities will make precious gems worth $1.2 trillion for investors via the fund.
Conclusion
Whether it’s analysts or prediction tools, InQubeta, Avalanche, and Ethereum are among the top recommendations pouring in from all corners. The three tokens have a stellar track record that was supported by new milestones and achievements.
In Ethereum’s case, the expanding interest in ETH ETFs coupled with the rising market cap of Layer-2 solutions have been significant growth drivers for the blockchain.
Blockchain innovators are exploring new avenues to make platforms more developer-friendly. A recent example was HashKey Group’s upcoming project HashKey Chain.
InQubeta has been making rapid strides with a crypto-driven model for funding AI projects. The cryptocurrency has impressed crypto users who are passionate about AI and has even featured in leading analysts’ cryptocurrency ICO lists best of 2024.
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