With Dogecoin’s (DOGE) price dropping amid the meme currency mania, InQubeta (QUBE) reports a successful continuing presale that has reached the $3.5 million barrier.
Dip Ahead of the Big Leap or Last Slide?
Based on its current price trends, Dogecoin, an open-source peer-to-peer digital currency and meme coin that was first presented in December 2013 as a joke mocking other cryptocurrency projects, may be the last of the meme coins.
According to experts, even while cryptocurrency investors are willing to take on riskier bets, they are more interested in useful assets than ones that are based only on market hype, as was the case with meme coins in the past.
Dogecoin Drops Below $0.06, Inqubeta Raises $3.5M in Meme Coin Decline,Dogecoin Drops Below $0.06, Inqubeta Raises $3.5M in Meme Coin Decline
Even while DOGE has remained true to its brand as a “fun and friendly internet currency” and serves just as a straightforward blockchain-based payment system, it has a sizable following of supporters, investors, and users who have created use cases for it. Online tipping, trading tangible goods with DOGE, and usage in Reddit and other crowdfunding projects are a few of these use examples.
Elon Musk’s backing rally helped Dogecoin surpass its previous all-time high in 2021, reaching $0.74. On the 7-day chart, DOGE is now trading at $0.0587, down 3.6% as of this writing.
Although this might be interpreted as the “dip before the big jump” that analysts had expected, the decline in price could also be a reflection of the current state of the cryptocurrency market. Not only was winter longer than usual, but people’s interest in meme currencies is declining.
QUBE Supports AI Technology Startups
Across several industries, artificial intelligence (AI) technology is creating a booming economy. Because of this, the AI startup industry is one of the quickest rates of growth.
The emergence of AI technology and the discovery of creative ideas will give rise to the demand for finance since these ideas will create enterprises. What InQubeta is about is giving AI entrepreneurs simple, secure access to capital.
Furthermore, there is a special breakthrough at the nexus of AI and crypto that has to be thoroughly investigated. But when these creative innovations surface, the conventional approaches to investing consistently show themselves inadequate to support these novel technologies and advancements.
This mismatch makes sense since investing in prospects you don’t completely grasp carries a risk.
Constructed on the Ethereum network, InQubeta makes use of smart contracts and blockchain technology to support the development and prosperity of AI firms. On the InQubeta crowdfunding platform, fractional investments in AI businesses are made possible via the deflationary ERC-20 token known as QUBE.
Dogecoin Drops Below $0.06, Inqubeta Raises $3.5M in Meme Coin Decline,Dogecoin Drops Below $0.06, Inqubeta Raises $3.5M in Meme Coin Decline,Dogecoin Drops Below $0.06, Inqubeta Raises $3.5M in Meme Coin Decline