Many are calling Ethereum (ETH) a good cryptocurrency investment to make right now as its prices broke the $2,400 resistance level and went as high as $2,438 before coming back to settle down around $2,200-$2,300. That’s as high as ETH prices have been since the 2022 crash. Some analysts are viewing ETH’s current momentum as a sign it might make a strong push to reclaim highs set in 2021 at $4,627.
One of the new DeFi projects launched on the Ethereum network, InQubeta (QUBE), is also poised for substantial growth. QUBE prices closed out 2023 with 175% gains, and its presale has currently raised over $8 million. The platform takes on traditional investing channels by providing an alternative that doesn’t come with earnings and geographic requirements. The project focuses exclusively on opening investments in the fastest-growing technological space: artificial intelligence (AI).
InQubeta dubbed a good cryptocurrency investment to make in 2024
InQubeta is one of the best NFT crypto projects around, and it uses the functionality of the Ethereum network to create an efficient investment protocol. Its native token, QUBE, is an ERC20 coin that serves as the project’s native currency and governance tokens.
AI startups raise capital by minting investment opportunities into non-fungible tokens (NFTs) that are fractionalized before being added to the ERC20 token list. The process revolutionizes how AI firms engage with their communities and raise capital to advance their projects.
The NFT made by these startups works similarly to how stocks work. They increase in value as their makers grow their market capitalization, and, unlike many of the most popular NFTs, their value is based on tangible assets, not just speculation.
The future of AI
The future of artificial intelligence couldn’t be more exciting as the technology’s viability continues to rise at a considerable rate. Startups are at the forefront of a huge portion of the innovation that has taken place in the past decade, from robotics to machine learning.
However, investing in such startups has been a daunting task for those who don’t have Silicon Valley or Wall Street-type connections. For example, investors must show they’ve earned over $200,000 for at least two years straight to be eligible for angel investment opportunities.
InQubeta gives investors the power to bypass such unreasonable requirements, democratizing access to AI investments.
Leveraging the power of blockchain technology, smart contracts, and non-fungible tokens allows InQubeta to create an investment process that is more efficient than mainstream alternatives while offering full transparency. Investors don’t just get to invest in AI in the ecosystem, they have a voice in the direction the project moves toward in the future.
Investing in AI today is a lot like backing companies like Netflix while the internet revolution unfolded. Those who invested appropriately have earned themselves substantial returns from these companies.
Ethereum (ETH) off to a great start in 2024
The aggregate value of the total value locked in Ethereum-based protocols surpassed the locked volume of all other blockchains in the opening days of 2024. Ethereum L2s hold over $20.7 billion in locked value, while the remaining blockchains share a total of $19.6 billion.
Ethereum only reported 81% gains in the last year, but the top crypto coin could enjoy considerable growth this year, given the current price projections for Bitcoin (BTC). ETH price charts have historically imitated BTC charts to an extent, and some analysts expect new all-time highs to be set this year, especially if an Ethereum exchange-traded fund is approved by the US Securities and Exchange Commission (SEC).
Summary
Buying up QUBE and ETH may be the best crypto investment you can make today, as both will likely bring massive profits this year. ETH prices might triple as cryptocurrency markets boom, while QUBE could grow as much as 10,000% this year.
