A fresh wave of excitement and optimism has found its way into the crypto space, enough to keep the bears at bay. The recent JUP and DYM airdrops—the biggest so far in 2024—and Wormhole taking a snapshot of an upcoming airdrop continue to create a buzz.
Another development creating a stir is Ethereum (ETH) staking hitting a new high. Staking participation soars past 25%, suggesting strong community trust and interest in ETH’s proof-of-stake (PoS) consensus mechanism.
At the same time, altcoins to watch out for—considering their remarkable performances—are Polygon (MATIC) and InQubeta (QUBE). Following a significant run, MATIC eyes $1, making it one of the best cryptos to buy now. Meanwhile, QUBE, an emerging crypto, hit $9.6 million in early funding after a massive surge in demand. Poised to skyrocket after launch, it is a recommended presale.
InQubeta (QUBE): A Potential 70x Rally After Launch
InQubeta (QUBE) is one of the most talked-about new ICOs. It recently raced past $9.6 million in early funding on the back of massive presale participation. Currently in the seventh stage—and selling out fast—a token costs only $0.0224.
According to experts, it is the best new crypto to invest in among the sea of emerging cryptos. It is tipped for a 70x rally after launch, making it a must-have. If you seek staggering gains, InQubeta is a compelling investment.
Besides its explosive growth potential—which investors are positioning for—another big appeal is its innovative concept. It stands at the intersection of AI and blockchain and seeks to reshape the fast-rising AI sector with blockchain technology. To this end, it will build the first crypto-based crowdfunding platform for AI tech startups. Of equal importance are the token’s governance function, staking features, and deflationary tokenomics, which make it even more attractive.
Ethereum (ETH): Staking Participation Hits New High
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, behind only Bitcoin, achieved a significant milestone in its staking participation rate. In a recent tweet by IntoTheBlock on X (formerly Twitter), the intelligence platform stated, “The Ethereum staking participation rate is now >25%.”
Staking on Ethereum involves users locking their ETH tokens to help support the network’s security and operation. In exchange, stakers receive rewards, making it an attractive way to earn passive income. The surge in staking participation highlights growing interest and confidence in Ethereum’s proof-of-stake consensus mechanism.
In addition to the uptick in staking participation, Ethereum has been on a roll. Its price uptick is being fueled by the overall market rally and anticipation around its spot ETF. The experimental ERC-404—a new token standard that combines features of ERC-20 and ERC-721 to create “semi-fungible” tokens—is also stirring up excitement within the Ethereum community.
Polygon (MATIC): Aiming for $1
Polygon (MATIC) is a popular layer-2 scaling solution on Ethereum. Its competitive advantage means it is one of the most highly sought-after, which has contributed to its rise to the rank of top altcoins.
The significant surge in the price of Polygon caught investors’ attention, with many hoping to ride the massive bullish wave. It recently created key support after flipping a resistance, which will be crucial for its next bull run, with analysts anticipating a rally to $1.
Given this staggering room for growth, Polygon is among the best cryptos to buy now. To position yourself for significant gains, it is one of the most compelling investments in the crypto market.
Conclusion
The Ethereum community is filled with excitement following the surge in staking participation, as it underscores a robust and secure ecosystem. At the same time, Polygon is preparing its rise to $1, while InQubeta gears up for a 70x jump after its launch. You can participate in the InQubeta presale via the link below.
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