- The Ethereum burn update stands at 1,784 Ether.
- Zilliqa and InQubeta witnessed a rise in demand.
- InQubeta’s innovative approach, a blend of AI and blockchain, contributes to its appeal.
In a recent development that caught the attention of the crypto community, the Ethereum ($ETH) token burn reached 1,784 $ETH. This is equivalent to a staggering $2 million at current market prices, sparking a frenzy for its probable price impact. Meanwhile, there has also been a surge in demand for top altcoins like Zilliqa ($ZIL) and InQubeta (QUBE).
This article will cover the details of the Ethereum burn and its significance. Additionally, it will explore the factors propelling the rise in demand for Zilliqa and InQubeta.
What you'll learn 👉
InQubeta (QUBE): Explosive Surge in Demand
InQubeta ($QUBE) is currently in the limelight for its unique concept and growth potential. Although it is one of the new ICOs (initial coin offerings) on the market, InQubeta has emerged as a strong contender in the crypto landscape.
This is thanks to its intriguing blend of AI and blockchain, resulting in a rise in its demand. At the time of this writing, over $3.6 million has been raised in its presale. In addition, more than 80% of the tokens allocated for the fourth phase of its presale have been sold. This highlights its popularity and investor confidence in its potential.
By leveraging blockchain technology, it will build the first decentralized crowdfunding platform for AI startups through crypto. That is, within its innovative NFT marketplace, AI-based startups will be able to raise capital via its native utility token, $QUBE. Similarly, investors will have democratized access to participating in the promising AI market. Notably, barriers to entry will be lowered, with investors able to hold stakes in lucrative AI projects regardless of their income.
Additionally, its staggering growth potential contributes to the demand for the QUBE token. The ICO token is presently priced at $0.0133 per token. Meanwhile, according to industry experts, it will rally by 2,000% before the close of the year. Therefore, it is well-positioned to become one of the top crypto coins in the near future.
Ethereum ($ETH): 1,784 Ether Incinerated
The Ethereum ($ETH) burn event involves the destruction of a specific amount of Ether, thereby reducing the overall supply. Through fee burning, $ETH is burned each time the Ethereum network is used, causing it to be deflationary. Significantly, it potentially contributes to its scarcity and value over time.
According to the Ethereum burn update, 1,784 $ETH have been burned, equivalent to a substantial $2 million. While there has yet to be a noticeable change in the price of Ethereum, it is expected in the future. After all, it is the second-most popular cryptocurrency and one of the best cryptos to invest in.
Zilliqa ($ZIL): Exceptional Fundamentals and Ecosystem Propels Demand
Following the buzz around the Ethereum burn update, Zilliqa ($ZIL) is one of the tokens sharing the spotlight. It is a permissionless blockchain designed to offer high throughput. It can complete thousands of transactions per second, contributing immensely to its appeal.
Zilliqa seeks to solve challenges relating to blockchain speed and scalability by employing sharding as a layer-2 scaling solution. Meanwhile, it is home to several decentralized applications (dApps), highlighting its growing popularity and adoption.
The surge in Zilliqa’s demand can be linked to its robust ecosystem and solid fundamentals. Moreover, it is ridiculously undervalued considering its potential, positioning it as a good crypto to buy.
The Ethereum burn update, which reached 1,784 $ETH, is expected to have a potential price impact and has stirred excitement within the crypto community. At the same time, Zilliqa and InQubeta are experiencing a rise in demand. With this in mind, they are altcoins to watch out for.
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