On November 18, Yearn Finance (YFI) lost most of its recent gains, plunging 43% in a few hours. This action results from investors selling off their YFI holdings during the most recent decline in the border cryptocurrency market. Amidst the YFI’s struggles, two notable projects, Render (RNDR) and InQubeta (QUBE), have surged ahead, capitalizing on the growing momentum of artificial intelligence (AI).
InQubeta has established itself on the DeFi crypto list as it aims to combine blockchain technology and artificial intelligence. It gives AI startups a secure platform to raise money for their projects and links them with potential investors. Similarly, Render is an AI-centric platform that enables artists and developers to create services and applications for the growing digital economy.
Let’s explore the reasons behind Yearn Finance’s drop in value and the ascent of InQubeta and Render.
What you'll learn 👉
InQubeta (QUBE) Pioneers AI-Driven Solutions
InQubeta is revolutionizing traditional investments with the introduction of cutting-edge investment strategies. Fractional investment is a strategy that allows investors with different budgets to contribute to the project. This inclusivity extends to owning shares of popular NFTs (non-fungible tokens), each symbolizing equity in AI-powered startups. With this strategy, investors may fund innovative AI projects while diversifying their portfolios. $1.6 trillion is expected to be invested in AI startups by 2030, which indicates the growing momentum of InQubeta as the best DeFi project because of its affiliation with AI.
Investors can use InQubeta’s presale to profit from the increasing use of blockchain and artificial intelligence in the DeFi (decentralized finance) industry. The platform has reached a remarkable milestone, raising over $5.1 million. The presale has sold more than 520 million QUBE tokens in its fifth stage. This indicates investors’ confidence in the platform, making it the best DeFi project to invest in for substantial gains.
One of the best things about InQubeta is its deflationary token, which encourages long-term gains. Since QUBE is a deflationary cryptocurrency, there is typically a smaller supply than demand. The purpose of the scarcity is to prevent too frequent changes in the token price. Extra tokens joining the InQubeta ecosystem are burned in the token burn wallet to gradually reduce the quantity.
As it has a decentralized autonomous organization (DAO) governance structure, stakeholders are consulted before making significant decisions on InQubeta. Any changes a community member wants to propose are subject to a voting procedure as part of this governance system. Voting among token holders determines which modifications have the potential to enhance the platform’s functionality.
Render (RNDR) Transforms Blockchain with Decentralized 3D Rendering.
The AI-powered Render Network increases accessibility to rendering services while protecting individuals’ intellectual property rights. It has gained popularity as a decentralized GPU (Graphics Processing Unit) rendering service. RNDR allows artists to increase the scope of their renderings with GPU nodes that promise good performance globally.
Render has surged from the AI momentum, witnessing 550% price growth this year. Its native token, RNDR, makes the platform’s service-rendering exchange easier. The token is used by rendering artists to purchase GPU processing power from node operators.
Yearn Finance (YFI) Price Crashes by 43%
Yearn Finance, recognized for its noteworthy contribution to DeFi, has experienced several challenges. Yearn Finance dropped by 43%, from $14,500 to $8,300 on November 18. Liquidations totaled more than $4.7 million due to this rapid decline.
Following an incredible peak of $91,000 in the 2021 bull market, YFI had a sharp decline in value, falling to a yearly low of $4,500. But the YFI’s current price fluctuation represents a new low, which worries traders and investors alike.
Conclusion
The recent price drop faced by Yearn Finance has caused people to speculate whether suspicious things are happening in the network. Render and InQubeta have gained from the AI momentum because they integrated AI into blockchain technology. InQubeta’s presale achievements are evident as crypto enthusiasts flock to the presale, making it gain recognition on the DeFi crypto list. With the potential for value appreciation, InQubeta harmonizes innovation in AI-driven firms and provides the chance to acquire popular NFTs. Investing in QUBE now will increase your returns because the presale price is anticipated to rise to $0.01925 in the next stage.
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