After a brief period of fluctuating prices, analysts breathed a sigh of relief after Bitcoin appeared to be holding steady for now. The coin’s stable price, however, played a spoilsport for memecoins Dogecoin (DOGE) and Shiba Inu (SHIB), both of which witnessed a pullback.
According to market experts, the recent events might be linked to the rising popularity of spot crypto funds which were launched in the US. After a long regulatory tussle over ETF acceptance criteria, these financial products finally saw the light of day and have attracted huge volumes of investment since January.
Among altcoins, experts are seeing bullish indications for both InQubeta (QUBE) and EOS (EOS). The two cryptocurrencies have drawn experts’ attention with their consistent growth. While Eos is a developer-friendly platform, InQuebeta is a crowdfunding portal for AI startups.
What’s helping InQubeta generate global interest is its ICO gains, which recently crossed $12 million. The development has earned the token a place in some leading analysts’ list of recommended presales.
InQubeta: Helping AI startups power through
InQubeta is a platform created to help startups leverage DeFI for business excellence. The platform facilitates investments through an NFT marketplace where startups pitch their projects and NFTs are minted from their proposals. The assets are purchased with InQubeta’s native cryptocurrency known as the QUBE token.
With features like a deflationary model and a staking mechanism, it could be a good crypto to buy if people are interested in long-term holdings.
Even after funds are raised, there’s a lot to do to ensure that a startup grows to scale. Given that future growth might not always be easy, startups can leverage InQubeta’s range of business development services to strive ahead. The platform can connect with innovators from a diverse range of fields who can mentor startup teams or guide them through various challenges of the AI industry.
The network can help startups market their projects well and ramp up their reach. For a better online presence, enterprises can leverage the platform’s social media communities.
There is also a team of advisors ready to guide startups in case of a finance or accounting-related problem.
Shiba Inu whale accumulates 332.42 billion tokens
Shiba Inu is a dog-themed meme coin that’s steadily expanding its platform into a full-fledged DeFi ecosystem. Apart from a crypto exchange, the platform has also rolled out Layer 2 blockchain ‘Shibarium’ which is currently in the beta phase.
All transactions on the platform are in terms of its native token, SHIB. For governance and rewarding its loyal supporters, the platform has launched two separate tokens – BONE and LEASH, respectively.
In a recent development, an anonymous crypto user is said to have accumulated SHIB tokens worth $10.85 billion. The development was reported by Whale Alert, which claimed that the wallet held 332.42 billion tokens.
Elon Musk backs use of Dogecoin for Tesla payments
Dogecoin is a leading meme coin that’s inspired by a Japanese dog breed. Its native token DOGE is used for settling all kinds of payments on the network.
Its fans include Tesla CEO Elon Musk, who is known for his penchant for dog-themed meme coins. At Tesla’s Giga Berlin last week, he backed the case for using Dogecoin as a mode of payment for the company’s cars.
EOS rides high ahead of Leap 6 upgrade
EOS is a public blockchain network that enables developers to create scalable and high-performance dApps. The open-source network has a native cryptocurrency, called EOS, which is the official mode of payment within the network.
Considered as one of the best crypto investments of 2024, the token hit the headlines with its Leap 6 upgrade.
The final release of the protocol is slated for July. Developers are looking forward to the upgrade as it will feature the integration of the Savanna consensus algorithm with the EOS network. The development will allow transactions to be irreversible and be validated around 100 times faster.
Conclusion
Dogecoin, Shiba Inu, EOS, and InQubeta are top crypto coins that are recommended by many experts due to their cutting-edge code architecture and growth-oriented models.
These coins have been blazing a trail with new initiatives and leveraging DeFi to drive financial inclusion. While both Dogecoin and Shiba Inu have been posting major whale activity, for EOS the Leap 6 upgrade has opened up new avenues for the platform.
In InQubeta’s case, its utility-dense and AI-centric model has impressed startups across the world. Its presale gains have confirmed analysts’ views, some of whom have argued it could be one of the best altcoins to buy now.
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- Source: https://coinjournal.net/news/as-bitcoin-steadies-dogecoin-and-shiba-inu-pull-back-eos-and-rising-ai-crypto-present-fresh-opportunities/
