As the success of spot ETFs changes the way the world sees cryptocurrencies, Ethereum (ETH) has emerged as the most reliable token to power the next batch of these financial products. Multiple crypto asset firms have filed applications with the US regulatory authority.
However, some experts are calling for a delayed launch of the funds. Bitwise Asset Management CIO Matt Hougan has claimed that with a December launch, Ethereum’s ETFs would lead to optimal asset attraction.
These views about Ethereum ETFs weren’t the only thing that kept the altcoin sector abuzz over the past few weeks.
The market welcomed the InQubeta (QUBE) rise following its presale success. Along with Polkadot (DOT), it is among the emerging cryptos drawing global interest. Till now, its ICO has raised more than $13.4 million.
InQubeta: Honing AI business models with AI
InQubeta is spearheading an AI-led revolution in the DeFi sector by making fundraising easier for startups. For the average crypto user, InQubeta is an opportunity that lets them choose projects depending on their budget and convenience.
For every transaction, fee, or tax payment on the platform, people use InQubeta’s official cryptocurrency, the QUBE token.
Crypto users invest in startup projects through NFTs that are minted from the startup’s investment pitches. These NFTs can be fractionalised and easily compared at InQubeta’s online marketplace.
Once the transaction is complete, the funds are transferred to the startup and the buyer gets to own a share in the company’s equity.
The QUBE token is one asset that will do away with its owners’ concerns about what cryptos to buy now. It works with a deflationary mechanism that’s handy whenever market volatility is hampering asset returns.
The feature regulates the token supply to make it scarce when markets are tanking. Its scarcity pushes the token value and demand. Thus, the deflationary feature helps the QUBE token survive market imbalances and maintain its momentum.
Any possibility of an increase in the supply is nipped in the bud with the token burn feature. The mechanism burns all unwanted coins in circulation and tamps down internal inflation.
ProShares plans to roll out 2 Ethereum ETFs in the US
Ethereum is a cutting-edge blockchain technology that can be customized to create a multitude of decentralized solutions. Its native token ETH has been consistently witnessing positive price activity which makes it one of the best cryptocurrencies to buy this year.
Ethereum’s potential has helped it become a leading crypto platform that will soon be supporting a new batch of crypto ETFs. The US Securities and Exchange Commission has received multiple applications from companies interested in launching Ethereum ETFs in the country.
The list of applicants includes ProShares which has filed applications for launching two Ethereum ETFs in the US.
At the same time, Bitwise Asset Management has claimed that it would be beneficial if the Ethereum ETFs were approved in December as it would attract optimal assets.
Polkadot’s active addresses cross 600,000
Polkadot is a network of interoperable sovereign chains that enable its users to transfer data and assets. These chains are called parachains and they are added or removed by bonding of Polkadot’s native token DOT
The platform recently was in the news after the number of active addresses on the Polkadot network reached 600,000 on April 7, 2024.
Conclusion
Buoyed by their consistent returns, InQubeta, Ethereum and Polkadot are among the altcoins to watch out for this year. The three tokens have soldiered on despite the ups and downs in the market.
Analysts have also lauded the platforms’ recent achievements and believe they have helped the tokens expand their user base.
Ethereum is among the top-performing DeFi assets of the year. Its positive price activity has got a lot to do with the highly anticipated launch of Ethereum ETFs. Big names like ProShares are among the companies that have applied to roll out such funds in the US.
For Polkadot, the boom in its number of active wallet addresses has been a major growth driver.
In InQubeta’s case, crypto pundits credit its AI-driven crowdfunding model for the success it has achieved. The model empowers startups and crypto users while laying the foundation of an AI-driven revolution.
By making it to leading analysts’ best cryptocurrency ICO lists, InQubeta has proved that there’s ample scope for technology-driven ideas in the DeFi ecosystem.
