Joining the crypto world is like riding a rollercoaster – you never know what’s next. This article delves into two developments. The first concerns Bitcoin Ordinals and the BRC-20 token ORDI. While these have been the subject of considerable interest since their introduction, they now face an uncertain future. The second is InQubeta (QUBE), which has been gaining traction and reaching milestone after milestone in its presale event.
What you'll learn 👉
The Sudden Decline of Bitcoin Ordinals (ORDI)
Bitcoin Ordinals were all the rage not too long ago, with everyone saying they’re the best new crypto to invest in. Also called Bitcoin NFTs, these digital assets store art or other digital content on-chain. This makes them different from traditional NFTs on other blockchains, such as Ethereum, that only store the metadata of the content. The content itself is off-chain, which means that it’s not inscribed directly on the blockchain.
The uniqueness of the concept forwarded by Bitcoin Ordinals appealed to many investors, leading to a massive rise in the price of the Ordinal or ORDI token in a short period of time. According to data from CoinMarketCap, ORDI’s all-time high was $68.77 on December 7th, while its lowest price was $2.86 on September 11th. In less than three months, its value increased by a little over 2,400%.
But things took a bit of a turn recently. In a post on X (formerly Twitter) on December 6th, Luke Dashjr – a prominent Bitcoin Core developer – criticized inscriptions on the Bitcoin blockchain, referring to them as “spam”, exploiting a vulnerability in the network. When asked if Bitcoin Ordinals and BRC-20 tokens (like ORDI) will cease to be operational once they fix the vulnerability, Dashjr replied that they will.
This saw the price of ORDI fall by 15% from its initial value on December 6th to $51.72 the next day. There have been no surges since then, and it was hovering around $52 on December 10th.
InQubeta (QUBE): Navigating Towards $7 Million
InQubeta (QUBE) is quickly gaining recognition as one of the best DeFi crypto projects to invest in right now. The platform is taking a new approach in the startup world, offering a helping hand to up-and-coming AI companies eager to grow and expand. It connects these startups with a large pool of investors, creating a win-win situation for everyone involved. This is made possible by its native token, QUBE.
AI startups which have been vetted by InQubeta can raise funds by offering investment opportunities to the platform’s users in the form of fractionalized NFTs. These coolest NFTs represent rewards or a share of equity in the start-ups, and they’re listed on InQubeta’s NFT marketplace. investors can buy them with QUBE ERC20 coins.
The QUBE token is a compelling option if you’re looking for the top crypto to invest in today. While it’s the key to powering growth for both startups and investors on the InQubeta platform, it also serves as a governance token. QUBE holders have a say in the direction of the platform, voting on important decisions and proposing changes that can benefit the entire community.
The InQubeta (QUBE) presale has raised more than $6.7 million and sold more than 630 million tokens so far – proof of its popularity and increasing demand. It’s set to reach $7 million in no time, with the presale still ongoing and the price of the token increasing with each stage. Currently in stage 6, the token is selling at 0.01925 USD. Given this price point, it’s one of the top crypto to buy now for long-term gains.
Conclusion
The sudden drop in ORDI’s value and the emergence of QUBE showcase the unpredictability of the cryptocurrency market. They also serve as a reminder of the importance of knowing what’s happening in the crypto space and constantly looking for the best cryptos to invest in to maximize profits.
To learn more about InQubeta (QUBE) and why this platform is making waves as early as its presale, visit their website. You can also join the conversation on their Twitter community to stay up-to-date on the project’s progress.
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