Shiba Inu Burn Escalates Millions of Tokens Incinerated, Monero Competitors Prepare for Significant Milestone

Shiba Inu (SHIB) has been one of the best meme coins to buy in the last month as its price has surged by over 208%. The number of SHIB being burned to help reduce the outrageous 589 trillion supply has jumped considerably in March with over 34 million being sent to unusable wallets.

The initiative to reduce SHIB’s circulating supply is well-intentioned, but the rate at which tokens are being burned will still need to increase exponentially to make a notable reduction in the circulating supply.

Dog coins like SHIB aren’t the only ones enjoying lots of momentum these days, emerging crypto InQubeta (QUBE) has been even more impressive as its presale raises over $12.7 million. Its ICO has already generated more token sales than some of the best DeFi projects in the cryptocurrency space like the Solana (SOL) network.

InQubeta competitor Monero (XMR) is also showing positive signs as its price has grown significantly in the past month.

InQubeta (QUBE) emerges as the best altcoin to buy to build generational wealth

InQubeta’s mission is to make artificial intelligence (AI) investments more accessible than they’ve ever been. Its ecosystem will provide an alternative to conventional investment avenues since many people can’t meet the requirements needed to access their services.

InQubeta’s focus on artificial intelligence sets it up for considerable growth given the $1.5 trillion expected to flow into AI as investments in the sector grow exponentially.

Artificial intelligence is already starting to reshape our world and automation will change how many industries operate. Technological revolutions often create rare investment opportunities that can earn investors massive returns and InQubeta will deliver an ecosystem that allows anyone to invest in AI startups.

Here’s the idea behind InQubeta’s decentralized finance space:

• AI firms that pass an initial evaluation get access to InQubeta’s NFT marketplace
• These startups tokenize investment prospects into non-fungible tokens (NFTs) that are split into smaller fractions to make them more affordable
• Investors can buy equity in any of the companies seeking capital by purchasing portions of their non-fungible tokens. They can keep these tokens for as long as they want to or resell them to other users on the marketplace

InQubeta investors can also earn huge profits by simply buying and holding on to QUBE. Currently priced at $0.028, tokens would be priced at about $11 when its market cap matches Shiba Inu’s. InQubeta provides way more utility than any dog coins, so it’s only a matter of time before its market capitalization gets there.

Shiba Inu (SHIB) burns 34 million tokens

The move to burn over 34 million tokens came after SHIB prices dropped considerably following a peak. The burn was reported by the Shibburn tracker, showing the coins were sent to an unusable wallet in separate transactions.

The burning mechanism is expected to help push SHIB’s price upward by cutting down its supply. The project still has a long way to go to address its excessive supply.

Monero (XMR) starting to bounce back

Monero remains a top choice for cryptocurrency investors who seek anonymity despite the attempts by regulatory authorities like the US Securities and Exchange Commission (SEC) to delist it from major exchanges.

XMR’s price can grow up to 3x in 2024 as bullish attitudes take over the broader cryptocurrency space.

Summary

XMR and QUBE are top altcoins to buy now given their growth potential in 2024 and beyond. Buying up SHIB could also bring in considerable profits, but investors should be careful not to end up on the wrong side of a pump and dump.

QUBE provides a less risky investment and it’s expected to significantly outgrow SHIB this year, with some projections expecting as much as 100x.

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