Shiba Inu Crashes Despite Record Burning Rate, 30x InQubeta Promising Alternative

The volatile crypto world is a realm of constant changes and price fluctuations, making up contrasting narratives. In recent times, Shiba Inu (SHIB), a leading token in the meme ecosystem, has struggled to gather momentum despite its record-breaking token burn rate. Hence, its price movement pales in comparison to the remarkable milestones achieved by InQubeta in its ongoing presale, making the latter a good crypto to buy.

This article will delve into the challenges faced by Shiba Inu and shed light on InQubeta’s remarkable milestones in its presale.

Shiba Inu (SHIB): Bearish Decline Despite Record Token Burn Rate

Shiba Inu (SHIB) might not be the pioneering memecoin, but it nonetheless has a leading status, trailing only Dogecoin within the memecoin ecosystem. Shiba Inu’s burn rate, or its deflationary feature, is arguably one of the most important features in the Shiba Inu ecosystem. The intention is to gradually reduce the overall supply of Shiba Inu, thereby making Shiba Inu a viable long-term investment.

However, despite the record burning rate of Shiba Inu, with over 400 trillion tokens removed from the initial supply per Shibburn.com, it still doesn’t have a significant impact on its value. Shiba Inu is still trading in bearish zones amid its record burning rate. Nevertheless, while its burn mechanism might not have a substantial benefit in the near term, there is a big chance of it having a long-term effect.

InQubeta (QUBE): The Record-Breaking Presale Token

In contrast to the bearish sentiment in the crypto market, InQubeta’s ongoing presale has witnessed impressive milestones amid soaring interest from investors and enthusiasts. Its fusion of AI and blockchain technology positions it as a standout project among new DeFi projects in the crypto landscape. Hence, this has resulted in overwhelming support for its vision and presale. Over $2.4 million has been raised, and more than 280 million tokens have been sold in just the third stage of the presale. This remarkable achievement is proof of its growing popularity, demand, and imminent adoption.

This project’s combination of blockchain and AI, with the former leveraged to solve a critical challenge in the AI space, represents a forward-thinking approach. This appeals to investors seeking innovative projects with real-world applications. Its innovative concept revolves around becoming the first crowdfunding platform where AI startups can raise funds. Similarly, investors and AI enthusiasts will be able to own stakes in promising AI projects at their early stages, thereby increasing their chances of substantial profits. To raise funds, AI developers will have to mint investment opportunities and sell equity-based NFTs to investors via the NFT marketplace. 

Furthermore, the diverse use cases of the QUBE token and its focus on solving real-world challenges make it arguably the best new crypto to invest in. Besides being used to raise funds by AI startups and for investments by AI enthusiasts, it can also be staked on the platform. By staking, token holders will receive rewards from the staking pool, which will serve as a source of passive income. Additionally, as a governance token, QUBE is a cryptocurrency to buy, as token holders will enjoy voting rights and determine the future of the platform.

The presale is ongoing with a token at a competitive price of $0.0112 per token. According to market experts, the token is one of the best cryptos to buy, as it will likely soar by 30x in 2023.

Conclusion

The record burning rate of Shiba Inu appears to be having less impact in the short term, with the token not showing significant price movement. As a result, its price movement pales in comparison to InQubeta, which experts identify as a top crypto to invest in. With its presale ongoing, we recommend checking it out below and participating in the presale.

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