Ethereum (ETH) has been in the spotlight due to its new staking upgrade. The EIP-7514 or ‘Dencun’ upgrade seeks to implement a Max Epoch Churn Limit and control the growth of staked tokens on the blockchain.
The upgrade is set to usher in new functionalities by transforming staking, and analysts are keen to know what it holds for Ethereum’s future.
The other two coins that have captured the attention of analysts are Arbitrum (ARB) and InQubeta (QUBE). Arbitrum is a developer-friendly Layer 2 technology, while InQubeta is a user-friendly platform for raising funds for AI startups.
Compared to Arbitrum, InQubeta is a younger platform and has shown explosive growth in the past few months. It has garnered global recognition as one of the best crypto investments available today and an impressive presale funding, at $8.1 million currently.
InQubeta: DeFi customized for AI startups
InQubeta has been designed to help next-generation startups chase their dream of driving impact with AI. The platform uses the capabilities of the Ethereum network to create a seamless investment model that’s decentralized and transparent. Its native cryptocurrency, the QUBE token, is the only mode of payment accepted within the InQubeta ecosystem. The QUBE token’s supply is capped at 1.5 billion but a large part of it has been earmarked for public sale.
The rest goes towards funding marketing initiatives, finance staking, and paying legal advisors and developers. The QUBE token is a good crypto to buy as it doesn’t differentiate between crypto users. Even an amateur user can earn steady passive income by staking the token.
Under staking, an asset is locked for a certain period, supporting a platform’s growth. The owner of the asset earns rewards throughout the staking period. At InQubeta, these rewards are given from a pool that’s funded by tax collections. To ensure that InQubeta develops in a positive way, its protocol is updated from time to time.
But who decides which changes are to be implemented? The platform’s decentralized governance model offers special voting rights to token holders which they use to screen unwanted proposals for changes. Any community member can suggest a change in protocol and the decision whether it should be implemented is taken by putting it to a vote. The token holders participate in the voting process and vote depending on how they feel about the proposal.
Arbitrum One TVL crosses $10.2 billion
Arbitrum is a Layer 2 technology that’s powered by Ethereum and helps developers create innovative dApps on the network. Its native token, ARB, is the chief cryptocurrency of the Arbitrum ecosystem.For many analysts, Arbitrum is among the best altcoins to buy now as it has been growing strongly.
Market indicators also reflect that a bearish pattern might be on the cards for the ARB token in the coming months. In a recent development, Arbitrum One’s total volume locked (TVL) crossed $10.22 billion during seven days in January. With the feat, it became the first Layer 2 blockchain to achieve the milestone and the figure was reflected by an increase of 15.9%.
Veno Finance to support Ethereum’s zkSync Era
Ethereum is a blockchain technology that supports a wide array of decentralized assets, solutions, and dApps. The proof-of-stake platform is known for its seamless scalability and versatility that powers both cryptocurrencies and NFTs. Its native token is ETH.The network’s upcoming EIP-7514 or ‘Dencun’ upgrade has the Ethereum community quite excited.
The upgrade proposes to change the size of the active validator set and is likely to mitigate negative consequences resulting from high staking levels.Ethereum has also been in the news due to its integration with Veno Finance. The liquid staking protocol would now support the Ethereum-based scaling solution zkSync Era. With this latest move, ETH holders will now be able to stake and receive Liquid ETH on Veno Finance.
Conclusion
For those looking to strengthen their portfolio with top crypto coins, InQubeta, Arbitrum, and Ethereum represent unmissable opportunities that enjoy analysts’ favor.
These three cryptocurrencies have been driving market gains steadily and are expected to reach record highs in 2024.In terms of technology, the three cryptocurrencies are fine examples of how DeFi can drive empowerment across the masses. Along with a user-friendly model, they promise cutting-edge security to keep their token holders’ assets safe from malicious actors.
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