Top crypto coins that started as internet memes, like Dogecoin and Shiba Inu, unexpectedly became household names in previous bull runs. They symbolized the unpredictability and dynamism of the crypto sphere. However, as recent data suggests, the luster of meme coins seems to be waning. An evident decline of $3.2 billion in the meme coin market within just nine months showcases this downward trend.
Amidst this shifting landscape, the crypto community’s attention now shifts to a more sustainable and tech-driven segment: AI-based cryptocurrencies. Leading the charge in this frontier is a new ICO, InQubeta ($QUBE).
The Rise and Wane of Meme Coins
For a fleeting moment, meme coins were the darling of the crypto world. With Dogecoin’s value plummeting by $2.46 billion and Shiba Inu’s by $1.22 billion since January, it’s evident that their meteoric rise was paralleled by a sharp fall. While Pepe managed to infuse some life into the meme coin market with an increment of $284 million, the general trajectory for these top altcoins has been a downward spiral.
Why such a shift? One can argue that the volatile nature of meme coins, primarily driven by internet hype and celebrity endorsements, made them susceptible to sharp fluctuations. Without underlying technological advancements or real-world applications supporting their value, meme coins relied heavily on market sentiment.
Enter AI Cryptos: The Future Beckons
As meme coins experience turbulence, AI cryptocurrencies stand poised to take center stage. These coins are backed by real-world applications, technological innovations, and tangible solutions to existing problems. Their rise isn’t driven by mere sentiment; it’s a reflection of the advancements they represent.
InQubeta: Bridging the Divide between AI and Crypto
InQubeta is a pioneering platform that leverages the vast potential of AI technology, offering an innovative solution for AI start-ups seeking investment. Recognizing the challenges many face in obtaining traditional funding, InQubeta provides a system for fractional investment using QUBE tokens. Start-ups can create and list the coolest NFTs, representing rewards or equity, which investors can purchase using QUBE tokens. These transactions benefit both parties: start-ups gain essential funding, while investors obtain rewards or equity tied to their chosen AI project.
The QUBE token, an ERC20 coin, is unique due to its deflationary nature, with buy/sell taxes allocated to a burn wallet and a dedicated reward pool offering an attractive investment opportunity. In addition, QUBE is a governance token. Holders can actively participate in decision-making processes, influencing the platform’s future direction.
Ensuring security and trust, InQubeta’s smart contract has been audited by Hacken and KYC verified by BlockAudit. The platform has already seen success with over $3.8 million raised in its presale. Future plans include launching an NFT marketplace, InQubeta swap, and DAO, with ambitions for cross-chain expansion by 2024.
Conclusion: Why AI Cryptos Hold Promise
The waning popularity of meme coins like Dogecoin and Shiba Inu marks a transition in the crypto community. The shift is towards more sustainable, technology-backed digital assets.
Unlike meme coins, the value of AI-based cryptos like $QUBE stems from the underlying technology and its applications. They represent a sector – Artificial Intelligence – set to reach an estimated market size of $126 billion by 2025. It’s not mere speculation; it’s growth based on the tech’s real-world impact.
Moreover, top ICOs like InQubeta ensure these AI projects receive the necessary financial backing while giving investors a chance to be part of cutting-edge technological advancements.