Shiba Inu (SHIB) Experiences Massive Token Withdrawal; Investments Thrive in Render (RNDR) and InQubeta (QUBE)
Shiba Inu (SHIB) wasn’t exactly the best crypto to invest in this year, but it did close out the year with a bang, with prices growing 26%. The growth occurred after over 8 trillion SHIB tokens, valued at $88 million were transferred out of exchanges into personal wallets. According to data from IntoTheBlock, one whale invested over $7.5 million in SHIB and transferred their holdings to personal wallets.
Render (RNDR) and InQubeta (QUBE) closed out 2023 with a bang as well, and both projects are expected to enjoy exponential growth in 2024. RNDR prices surged 1067% last year, while QUBE prices surged 175% as its presale flew past the $7.9 million milestone. 60% more growth is expected before tokens launch on exchanges later on.
Best crypto to invest in: InQubeta (QUBE) is projected to dominate in 2024
InQubeta was one of the best DeFi projects started last year, and it plans to provide a decentralized investment medium that focuses on artificial intelligence (AI). Its ecosystem is intended to serve as an alternative medium for investors to buy equity in AI startups. It allows investors who don’t meet the earnings or geographical requirements many mainstream channels have, to invest in AI on a protected and transparent platform.
The project’s ecosystem democratizes AI investments, allowing anyone who wants to be part of the technological revolution to partner up with startups. It’s a mutually beneficial space for investors and startups seeking capital to advance artificial intelligence.
2023 was an excellent year for AI-focused companies like Nvidia and InQubeta, and many of these companies are projected to enjoy more growth in 2024 as over $1.5 trillion is expected to pour into AI in the next several years. That’s a considerable jump from the $120 billion presently invested in the technology.
Here’s how InQubeta’s investment process works:
- AI startups are evaluated to determine if they meet the ecosystem’s requirements. Once approved, these companies are allowed to create ERC20 coins that serve as investment opportunities
- Also called non-fungible tokens, these coins are added to the ERC20 token list in the marketplace. Investors can learn more about the different companies fundraising there
- QUBE is used for all transactions on the marketplace and tokens purchased can resold at any time. Tokens are fractionalized on the marketplace so they can suit every investor’s budget
Holding or staking QUBE could earn comparable profits to investing in AI in the ecosystem. Tokens could rise as much as 100x once tokens are available, given how undervalued they currently are at $0.01925. Anyone with QUBE gets to be part of the platform’s democratic governance, giving them a voice in matters that affect the ecosystem’s future.
Render (RNDR) likely won’t keep up with QUBE
As impressive as Render’s 1067% price increase in the last year has been, it likely won’t keep up with InQubeta if projections turn out to be accurate. However, it is still on course to enjoy up to 20x growth as a growing number of users flock to its services.
Its protocol allows miners and users with excess computing power to monetize their resources while renting out computing power to those who need it.
Shiba (SHIB) Inu might not be worth the risk
Shiba Inu might be set for substantial growth, given the number of whales buying tokens and moving them off exchanges, but it’s still one of the most risky investments you can make. Enough hasn’t been done to address the 589 trillion token supply, which prevents substantial long-term growth.
Prices might pump at some point, but they will probably come back down just as quickly.
Summary
QUBE and RNDR are two of the best cryptos to invest in right now. RNDR will likely surpass last year’s growth if Bitcoin (BTC) prices reach $120,000, while QUBE prices could increase by up to 100x once released on exchanges.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Source: null tx