LINK and ARB Experience Sell-offs, Whilst QUBE Gains Momentum

The crypto market is steadily growing, with Bitcoin (BTC) leading the revolution to mainstream adoption. Existing projects such as Chainlink (LINK) and Arbitrum (ARB) have been upholding Bitcoin’s vision of creating a decentralised world that facilitates profit accumulation. Because of this, new innovative cryptocurrencies have been released to join the trend.

One of the new innovative coins is InQubeta (QUBE), the first token to initiate the AI-crypto merge. While InQubeta has been thriving ever since the start of its ongoing presale, crypto analysts have traced the price decline of Chainlink and Arbitrum to sell-offs that have caused investors to become slightly wary of investment.

InQubeta (QUBE): The Forerunner of the AI-Crypto Merge

InQubeta has become the first cryptocurrency platform to unlock the full potential of Web3 by providing various top NFTs to buy, AI simulation, decentralised finance (DeFi) features, a native cryptocurrency, and Web3 technology. InQubeta’s core vision is to support AI start-ups by allowing investors to discover and invest in them. The investment helps InQubeta to fund the growth of the new AI companies and enhance their optimal performance.

InQubeta’s tradeable native tokens, QUBE, are deflationary ERC-20 coins that power the revolutionary InQubeta platform. QUBE gives control to its holders by allowing them to participate in the InQubeta decentralised autonomous organisation’s (DAO) decisions. In addition, the InQubeta platform highlights an NFT marketplace that displays the top NFTs to buy. The AI start-ups supported by the InQubeta platform can raise funds and offer NFTs as rewards to their investors.

InQubeta’s ongoing presale has made the QUBE token a prominent member of the group of best cryptos to buy now, amassing thousands of investors and stunning crypto analysts. At its rocket-speed momentum, InQubeta’s presale is successfully becoming a fan-favourite and attracting investors to the QUBE token’s growth.

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Chainlink (LINK): Investors Fear Its Future Price Decline

Chainlink is an established network of decentralised data providers that link and transmit information within blockchains to enable the execution of smart contracts. Chainlink’s native cryptocurrency, LINK, incentivises node operators for their data used in smart contracts, off-chain computation, and rewriting data into blockchain readable formats. LINK is an Ethereum-based ERC-677 token that implements the functionality of ERC-20 coins.

2020 was one of LINK’s best years after a price appreciation of over 1000%. Unfortunately, in 2021, the LINK coin experienced an intense sell-off after its all-time high, losing more than 60%. Its losses continued into 2022, and Chainlink recorded more than 60% loss as of November 2022. Between January and May 2023, the LINK token’s price fluctuated, and investors remained wary of the sell-off that took place in 2021.

Arbitrum (ARB): The Foundation faces backlash for Selling its Token before approval

Arbitrum is an Ethereum Layer-2 scaling platform that uses optimistic rollups to provide EVM compatibility, scalability, flexibility, decentralisation, and cost-efficiency on Ethereum. Its native ARB coins serve as tradeable governance tokens that oversee the activities on the Arbitrium platform.

On the 1st of April, 2023, the  Arbitrum Foundation posted a blog on its official website addressing a backlash. The foundation had sold 10 million ARB tokens for USDC and DAI to pay for 2023’s operations and grants. However, the token sale happened before ARB token holders could exercise their voting rights to approve the proposal that the foundation had failed to submit.

The backlash led to an abrupt drop in ARB’s price from $1.05 on the 31st of March to $0.76 on the 2nd of April as many frustrated ARB token holders sold off their tokens.

Final Thoughts 

Although Chainlink and Arbitrum’s price decline was the result of the sales pressure they experienced, the price of each token has the potential to rise, especially when considering their high ranks in the crypto market.

In contrast, however, InQubeta’s investors are visibly pleased to be involved in the presale of one of the best cryptos to buy now. This is apparent in the daily increase in the amount it has raised, and the visionary plans in InQubeta’s roadmap. It is recommended that interested investors stack their wallets with QUBE tokens before the token’s price surges further.

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido