This month alone, we’ve witnessed multiple reports of several top institutions moving towards creating an Ethereum (ETH) spot ETF. Shortly after the news, whale investors started stashing thousands of ETH into cold storage, declining Ethereum’s total supply to a 5-year low of 14.3 million. This deflation has now rekindled positive sentiment about the growth of the token.
Meanwhile, Decentraland (MANA) and InQubeta (QUBE) have maintained a steady climb through the bearish downturn that came during Q3 and also enjoyed impressive performances in the recent bullish period. Decentraland’s partnership with SophiaVerse (SOPH) has revived interest in the DeFi platform. InQubeta’s future-proof offerings that all point to massive profits combined with QUBE’s stellar performance during its presale have kept investors confident in its potential to deliver even more returns.
Let’s examine the decline of Ethereum’s supply while exploring how both DeFi companies, Decentraland and InQubeta, have increased investors’ trust.
What you'll learn 👉
InQubeta (QUBE) Offers Explosive Gains For Investors’ Portfolios
This year, AI cryptos like InQubeta have been a fascinating trend. Because of the platform’s affiliations with artificial intelligence, InQubeta enjoyed a sharp growth in investor engagement due to the positive expectations that the launch of Chat-GPT sparked after its release. Now that the market is slowly getting saturated with AI cryptos, investors are trooping into DeFi companies that implement artificial intelligence in a niche way, and that’s where InQubeta shines.
InQubeta has commanded high investor interest by using AI technology and a collection of the best NFTs to invest in. AI startup companies mint these NFTs with lucrative investment opportunities and then list them on InQubeta’s NFT marketplace for investors to buy with QUBE. This investment model makes InQubeta the best crypto investment opportunity for any investor to enter the AI industry, which is expected to be worth over a trillion dollars in less than a decade.
InQubeta also has staking benefits baked into the platform. This allows holders to stake their QUBE tokens and earn income from the 5% sell tax dedicated to rewarding stakers. In addition to staking, the QUBE token is also a deflationary and governance token, making InQubeta the best crypto investment for investors interested in utility-rich cryptocurrencies. These features will put investors in front of upcoming catalyst events that could cause upside prices, which is why the token crypto ICO continues to record high demand.
QUBE was initially offered at a $0.007 discount during the start of its ten-stage presale. Halfway through the event, QUBE climbed to $0.0161, earning early investors 130% profits on their portfolio. The presale’s milestone of over $5.2 million raised has also provoked the high gravitation of new investors positioned to pocket the upcoming 90% returns that QUBE is set to deliver by the end of the crypto ICO event.
Decentraland’s (MANA) Alliance With SophiaVerse Triggers Bullish Prices
Decentraland is one of the forerunners of the metaverse, offering users the same experience since 2017. As metaverse engagements grew, so did the value of MANA, which is the native token of Decentraland. The token quickly spiked, inviting large investor interest.
But this year, the slow adoption of the metaverse led to the decline of MANA and the migration of investors to other cryptocurrencies. Decentraland recently succeeded in winning back former investors and even more due to its timely partnership with SophiaVerse. Announcements of the partnership gave rise to a 30-day recovery of over 80% in the value of Decentraland.
Ethereum’s (ETH) Supply Deflates To 5-Year Low
After information got out that BlackRock had filed for an Ethereum trust, investors immediately took it as a sign that institutions were moving for an Ethereum spot ETF. So far, six big institutions have also filed, confirming investors’ speculations. Bullish momentum swiftly pushed ETH above the $2000 mark, suggesting preparations to target new highs. Ethereum whales have reportedly started moving large amounts of ETH into long-term storage, causing the exchange supply of the token to decline to 14.3 million, its lowest in five years. Investors are optimistic that the growing scarcity of Ethereum could push its value above $4000 by next year when the Bitcoin halving event introduces bullishness in altcoins.
Conclusion
We can confirm from recent events that the cryptocurrency is gearing up for a massive uptrend. The deflation of Ethereum points to good news for ETH holders because it could mean profits soon. Decentraland’s partnership with SophiaVerse has successfully revived investors’ trust in the platform, earning it a massive surge above previous highs. In line with market-wide bullish momentum, InQubeta is not left out. The platform’s offerings of the best NFTs to invest in tied to AI investment cement it as a high-growth investment option. Interested investors in the presale can take advantage of the ongoing 15% bonus on QUBE purchases.
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