A bullish trend is hitting the cryptocurrency space as investors seek the best crypto to invest in to maximise returns as the market picks up. Since the crypto market is full of surprises, in a recent development, Solana has outperformed Ethereum! This marks a significant shift in the market as trading volumes of SOL coin achieve new highs. Meanwhile, the prices of Bitcoin and InQubeta have been soaring.
As per available data, Solana’s perpetual future trading volume achieved an impressive 5.46 B USDT, overtaking Ethereum’s 4.68 B USDT over a 24-hour period. Although it came as an unexpected feat, it shows a notable challenge by SOL coin on Ethereums’ traditional stronghold.
In addition to perpetual futures, Solana has kept a strong leading position in spot trading with trading volume of 8.43%, with ETH trailing at 4.62%. Therefore, many investors have found their top crypto to buy for this current cycle.
Few investors and analysts see Solana’s recent success as a glitch in the market, and many have a strong belief in the future of the coin. This is mainly because the project is offering competitive TX fees and an engaging ecosystem that’s very active to keep new and existing investors interested.
However, a sudden market shake-up was expected due to the upcoming year end, since the year changing typically brings an upward or downard tick in price.
Further, Solana could face tough competition, as retail investors tend to cash out after holidays are over. So, we cannot rule out a change in trading volumes of the top cryptocurrencies in the next few weeks.
InQubeta
InQubeta (QUBE) has emerged as a special player in the crypto world, transforming AI investment through its unique platform. As the world’s first crypto crowdfunding platform enabling fractional investment in AI startups using QUBE tokens, InQubeta offers a secure and efficient investment process that benefits both investors and startups,
QUBE is a deflationary ERC20 token, with a unique buy and sell tax structure that contributes to a burn wallet and a dedicated reward pool. A 2% buy and sell tax goes to a burn wallet that reduces the token’s supply (which is a handy mechanism), driving up its value. Then, there’s also a 5% sell tax that adds to the reward pool, incentivizing investors to stake their QUBE tokens and earn rewards as they go.
At the heart of InQubeta’s invention lies its NFT marketplace, where AI startups can raise funds and offer reward and equity-based NFTs. Investors can easily invest in projects they believe in, gaining access to early investment opportunities through fractionalized NFTs. This unique ecosystem creates a symbiotic relationship between startups and investors, supporting the growth and success of AI technology projects.
Despite still being in the presale stage, the project has seen considerable growth and has already raised over $7.6 million.
Conclusion
The upward trend trajectory is expected to remain swift during the first quarter of next year affecting large cryptos like Bitcoin and newer ones like the emerging InQubeta. However, we have seen in the past that the crypto market has offered unexpected twists and turns.
Moreover, Solana’s rise to financial fame is a key indicator of the power shift in cryptocurrency. With regards to InQubeta, it is a strong cryptocurrency for beginners and experts in the market who intend to make smarter and more innovative investments.