It’s been a great week for the cryptocurrency world as the InQubeta (QUBE) presale keeps generating a massive surge in demand, Hong Kong embraces Web3 development by creating a task force, and Litecoin (LTC) holders see their portfolios grow by over 20% as it closes on its next halving event set for August 2, 2023.
The InQubeta project is a decentralized, blockchain-based crowdfunding network that makes investments in artificial intelligence startups more accessible for everyday people, guiding more capital into the sector. It skirts the obstacles that often make mainstream investment avenues inaccessible to many people.
Web3, also known as Web 3.0, is the next step in the internet’s development that incorporates newer technologies like decentralized blockchains and smart contracts. It’s a more immersive internet that will give users a significantly improved experience. Litecoin halving events are often associated with price growth since they reduce the tokens sent to miners as rewards by half, lowering the supply of tokens.
InQubeta’s presale couldn’t be better timed as investor interest in artificial intelligence (AI) is at an all-time high. Many mainstream companies associated with AI, like Nvidia, have seen significant increases in valuation thanks to the growing investment capital being thrown at firms that push advancements in the AI space. Nvidia recently exceeded a trillion-dollar market cap after its quarterly report showed the demand for chips that power AI services had increased.
Investments in AI have grown exponentially since 2015, rising from $12 billion to $120 billion by 2022. This number is expected to keep rising and exceed the 1.5 trillion-dollar mark by 2030.
InQubeta’s presale appears to be already enjoying a portion of the investment funds expected to be poured into the artificial intelligence industry with over $900,000 worth of tokens sold early on. Market metrics indicate $QUBE tokens are currently undervalued so prices will likely increase substantially after its official launch.
Investing through equity-based non-fungible tokens
Companies raise funds on InQubeta’s marketplace by creating non-fungible tokens (NFTs) that denote equity. These NFTs are listed on the project’s marketplace where investors can browse, research, and purchase them. Investors become part owners and startups get more capital.
$QUBE tokens have a fixed supply of 1.5 billion and deflationary protocols that encourage price growth. Both things combined make holding on to $QUBE tokens a profitable investment strategy. $QUBE can also be staked to earn additional rewards sent out periodically.
Hong Kong getting ahead of China in Web3 race
Hong Kong recently made a major commitment to embrace the Web3 megatrend, launching a task force made up of a diverse selection of 11 government officials and 15 industry experts to supervise the development of Web3 in the region.
The task force’s primary objective is to guide the ethical and moral development of Web3 services and enhance Hong Kong’s goal to be a leader in the Web3 race.
Litecoin (LTC) halving event leads to 20% price surge
Litecoin prices have seen significant growth in recent weeks as demand for its tokens increases ahead of its next halving date in early August. Litecoin has some potential to see more growth later in the year, but the most optimistic projections don’t have it increasing by more than 3x.
Summary
InQubeta’s presale success is the result of the many things the project has going for it like connecting investors with AI startups, its deflationary native currency, and the fixed token supply. The project is also benefiting from investors being extremely bullish on anything linked to AI.
InQubeta is projected to see significant price increases in 2023 and beyond thanks to the solutions it provides and the improvements being made in the AI sector.
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