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Shiba Inu’s (SHIB) developers are continuing their efforts to reduce the token supply on its ecosystem as they recently burned over 21 million tokens. It’s one of the best meme coins to invest in given the 175% price surge it has enjoyed in the past month.
SHIB’s price has gone as high as $0.00004368 during its recent bull run and prices could surpass the $0.00005 mark the next time they surge upward.
InQubeta (QUBE), a rival of Cardano (ADA) and Render (RNDR), has also seen lots of growth recently as its presale moves into its ninth stage. Over $12 million in token sales have been generated so far and QUBE’s price has surged 300% since the presale started. The emerging crypto plans on delivering easy access to investments in the artificial intelligence (AI) space.Â
InQubeta (QUBE) emerges as the best altcoin to invest in right now
The success story InQubeta has enjoyed so far is credited to multiple factors like its tokenomics, the rapid growth of the investment capital funneled into AI, and the solution InQubeta provides by making AI investments easier to reach. The fact that QUBE – currently priced at $0.028 – could be worth as high as $10 when its market cap reaches that of dog coins like Shiba Inu has also helped to generate investor interest.Â
Let’s take a closer look at these factors to gain a better understanding of why InQubeta’s presale has emerged as the top ICO going on right now:
1. Impressive tokenomics
Many cryptocurrencies like Shiba Inu have been developed with extremely poor tokenomics, limiting their potential for substantial long-term growth. It’s one of the main issues plaguing meme coins like SHIB with its 589 trillion token supply.
The supply of QUBE is limited to 1.5 billion so its price would be about $10 if its market cap reaches SHIB’s $15 billion market capitalization. QUBE is also a deflationary token with burn taxes to reduce the circulating supply, creating scarcity and pushing prices upward.
2. Rapid growth in investments in AI
Investors have been so bullish toward the AI industry in the past several years, that investments have grown by over 1,000%. An excess of $120 billion is currently financing the technology and that figure is expected to reach $1.5 trillion by 2030.
This sets InQubeta up for considerable growth given it’s the only cryptocurrency that aims to make AI investments more accessible.
3. Easy access to AI investments
InQubeta plans to offer investors easier access to investment opportunities than traditional investing avenues. It provides a solution for all those who don’t meet the geographic or net worth requirements needed to access some mainstream investment channels.
AI startups generate funding in the ecosystem by tokenizing investment opportunities into non-fungible tokens (NFTs) and selling fractions of them to investors.
Shiba Inu’s (SHIB) excessive token supply hinders growth
Shiba Inu’s recent burn might have helped to push prices a little, but it’s not enough to noticeably reduce its 589 trillion token supply. Prices might pump and dump again shortly, but it’s one of the riskiest long-term investments traders can make.
Render (RNDR) and Cardano (ADA) poised for more growth
Render is another AI-focused cryptocurrency that’s expected to enjoy major growth in 2024. It’s been on an impressive streak for the past 12 months with prices growing by 683%. It’s built on the Ethereum (ETH) network like InQubeta, but its ecosystem focuses on allowing users with unused processing power to rent it out to others.
Cardano has been one of the Ethereum network’s rivals since it was created and its blockchain offers impressive transaction speeds and low feeds. Its prices have risen by 88% in the past year.
Summary
QUBE, RNDR, and ADA are some of the best cryptos to invest in to earn considerable profits before the year ends. QUBE will likely enjoy the most growth, while RNDR trails right behind it.Â
 *This article was paid for. Cryptonomist did not write the article or test the platform.
