November has been eventful, from the Monero (XMR) community crowdfunding wallet getting hacked to Shiba Inu (SHIB) burning 550 million tokens. This has stirred up both concerns and excitement in the crypto scene. In other developments, InQubeta (QUBE), an AI crypto, is aiming for a 50x uptick in its price after launch.
In this article, we will explore the potential of InQubeta and why it is a good crypto to buy. In addition, we will cover the recent developments around Monero and Shiba Inu.
What you'll learn 👉
InQubeta (QUBE): Projected 50x Rally after Launch
InQubeta (QUBE) has emerged as one of the altcoins to watch out for. Currently, its launch is one of the most anticipated. It has raised a whopping $4.9 million in presale, positioning it for success. According to analysts, it will see a timely 50x increase in its price after launch, making it the best new crypto to invest in.
What factors will contribute to this explosive growth? It aims to address a pressing issue in the AI industry—the most disruptive innovation at the moment. By leveraging the power of blockchain, it will become the first crowdfunding platform for AI startups through cryptocurrency. Startups will be able to raise funds by minting investment opportunities as NFTs, which will be offered to investors. This fascinating presale is in the fifth stage and costs only $0.0161. You can become an early adopter of this project by clicking on the link below.
Monero (XMR): Over $400,000 Hacked from Crowdfunding Wallet
Monero (XMR) is popular for its focus on privacy, making it a privacy-centric cryptocurrency. This is evident in the team’s assertions, identifying privacy and security as their biggest priorities. Due to its distinctive value offer, it has risen to become one of the top crypto coins on the market. Also, due to its attractiveness to investors and users who value anonymity and privacy, Monero has developed a devoted following.
The Monero community crowdfunding wallet was just compromised, which is a concerning trend. Concerns regarding the security of money and possible flaws were raised when 2,675 Monero coins, valued at over $400,000, were taken during this unfortunate incident. Although the attack was thought to have happened on September 1st, the community didn’t learn about it until November 2nd. Sadly, they still don’t know where this security breach originated.
Shiba Inu (SHIB): 550 Million Token Burn, Impending Price Increase?
Shiba Inu (SHIB) remains one of the most popular cryptocurrencies on the crypto market. It is popularly known for its blend of memes and utility, as well as its burn mechanism. It is among the top altcoins and best coins to invest in on the market.
Recently, a staggering half a billion Shiba Inu tokens were burned by a project on the Shibarium project. SHIB token burning is important in reducing its circulating supply, a popular practice within the ecosystem and community. During the design of Shibarium, a layer-2 blockchain, the burn mechanism was embedded in the gas fee, which assists with the burning of Shiba Inu. Regarding the 550 million SHIB burn, it is thanks to NFT sales (SHIB Dream NFT Collection) made on Shibarium. Will we be seeing more price appreciation in Shiba Inu soon? Probably.
Conclusion
The exploitation of Monero’s community crowdfunding wallet has raised concerns about the security of funds and potential weaknesses. However, a more positive development is Shiba Inu’s 550 million token burn and InQubeta’s anticipated launch. This emerging token is aiming for a 50x rally after launch, making it an investment not to miss out on.
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