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In the competitive and fast-paced world of crypto, some tokens currently stand out for their exceptional trading volumes. The undisputed king of the crypto world, Bitcoin (BTC), is joined by top DeFi coins Perpetual Protocol (PERP) and InQubeta (QUBE). This article will delve into the dominance of these cryptocurrencies while exploring their unique features.
Summary
InQubeta ($QUBE): The Rave of the Moment
After soaring and creating a new fundraising milestone, InQubeta ($QUBE) has risen to become one of the most traded crypto assets. At the time of writing, over $2.9 million has been raised, with $3 million as the next milestone to be achieved. The surge in the accumulation of the token can be attributed to its solid fundamentals, which lie at the intersection of AI and blockchain, and its explosive growth potential.
As an intersection between blockchain and AI, it aims to become the first crowdfunding platform for AI startups through cryptocurrency. This innovative concept has attracted investors from both the AI and crypto landscapes, contributing to the uptick in its trading volume.
Additionally, its vibrant ecosystem, which aims to be mutually beneficial for both AI startups and investors, has contributed to its growing popularity. At the heart of the ecosystem will be an NFT marketplace and the QUBE token, which will be the fundraising currency. To raise funds, AI startups will have to mint investment opportunities in the marketplace. These will be tokenized as NFTs and offered as fractionalized equity-based NFTs to investors, which will give them stakes in promising AI ventures.
Further, its significant growth potential contributes to its dominance in the crypto market. With the presale currently in stage four at $0.0133, experts forecast it will rally by 30x in 2023. This incredible growth potential makes it the best crypto to invest in now.
Bitcoin (BTC): The First Cryptocurrency
Bitcoin’s (BTC) pioneering status as the first cryptocurrency makes it the most popular coin. As a result, it is the most dominant token in the crypto landscape. As the most traded token, several factors contribute to this. This includes the established trust in the digital asset and its great store of value.
Its position as the pioneer of cryptocurrency contributes to its being the most widely traded token. Additionally, its track record for security and reliability since its launch 14 years ago has earned it the trust of both retail and institutional investors. In addition, it is a great store of value that can be used to hedge against economic instability, thereby contributing to the increase in its trading volume. Hence, considering these factors, Bitcoin is the best crypto investment.
Perpetual Protocol (PERP): The Decentralized Exchange Creating a Frenzy
Perpetual Protocol (PERP) is a decentralized exchange (DEX) for futures that utilizes a virtual automated market maker (vAMM). Through this platform, traders can hold long or short positions with up to 10x leverage on a wide range of assets. As a decentralized exchange, trading is non-custodial, meaning users always retain possession of their assets.
In a surprising turn of events, Perpetual Protocol has been this week’s top performer, skyrocketing to leave many in its wake to become one of the best DeFi coins. While hovering around $0.4 on September 1, it soared by over 100%, making it one of the most traded tokens. Its increasing adoption contributed to its rise to the top of the list of top DeFi projects in the crypto landscape.
Conclusion
As the first cryptocurrency, Bitcoin is the most dominant coin, with others like Perpetual Protocol and InQubeta as altcoins (alternate coins). This makes it the most traded asset, considering its value proposition and track record. Joining Bitcoin are Perpetual Protocol (PREP) and InQubeta ($QUBE), which are soaring in terms of trading volume after increasing demand. With their surge set to continue, they represent the best coins to invest in.
*This article was paid for Cryptonomist did not write the article or test the platform.
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