Can These New AI Cryptos Match Injective’s 2023 Growth?
As the Injective Protocol sees a huge price change, rewarding holders of the INJ token, crypto speculators take a look at two AI cryptos, InQubeta’s QUBE, and BorroeFinance’s ROE, to analyze if they will be able to match this exponential growth soon.
Injective’s Impressive Price Surge
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Designed for the finance industry, the Injective Protocol is a blockchain protocol that specializes in tokenized derivatives, is optimized for trading assets across different blockchains, and has INJ as its native token. It is an open, interoperable layer-one blockchain that seeks to power next-generation decentralized finance (DeFi) applications.
Injective was incubated by Binance Labs in 2018 and launched its mainnet in November 2021. The Injective ecosystem has over 150,000 community members worldwide and more than 100 projects, and it has the support of well-known investors like Jump Crypto and Pantera Capital, among others. The INJ token, which enables community members to participate in governance, validation, and other activities, has had impressive growth in 2023.
Having a price of $0.77 at its debut on Binance Launchpad in 2020, INJ, as of the time of this writing, is selling for $15.86. It has had its expected highs and lows, but the recent exponential growth of about 1,170% in 2023 has not only left its investors happy but has also intensified the search for the next similar crypto.
Among the scrutinized cryptos are two AI cryptocurrencies currently on presale: ROE and QUBE.
How BorroeFinance is Reinventing Borrowing with AI
By building a marketplace using AI-powered risk assessment, blockchain technology, and smart contracts, BorroeFinance is out to solve a major challenge for creators in Web3: funding.
Due to the evolving nature of the Web3 space, its creators and businesses are unique and need an approach to funding that is different from what the traditional financing firms offer. Borroe allows Web3 businesses to raise cash upfront by minting non-fungible tokens (NFTs) representing future and outstanding revenue streams. These NFTs are then sold at a discount on the marketplace for holders of $ROE to buy and invest in the businesses they believe in.
Artificial intelligence (AI) is used to manage the risk, automate the process, and deliver real-time fundraising updates, leading to cash delivery in a short time. So, without going through the traditional funding route, these creators and businesses can reach a global community and sell their recurring revenue streams in exchange for a small fraction of the profit they are due.
With Borroe being a platform that attracts people interested in Web3, the investors there will understand the Web3 space, the businesses, and the peculiar challenges it faces. They so will invest in what they believe in.
ROE is currently in Stage 2 of its presale and is selling for $0.015. With over 85% of the currently allocated tokens sold, it won’t be long before Stage 3 arrives. The presale has already attracted over $1.45 million from participants.
InQubeta and its Support for the AI Industry
The AI industry is becoming one that affects all other industries. This makes it a burgeoning one that needs funding. However, due, in part, to the wariness with which many accept the industry and its potential, many traditional funding options do not suit the AI space.
InQubeta is an intersection of AI technology and cryptocurrency. It is a crypto crowdfunding platform that enables individuals who hold QUBE to invest in fractions in AI startups.
First, the AI startups offer reward- and equity-based fractionalized NFTs and offer them as investment opportunities for QUBE token holders. These QUBE holders can not only invest in projects they believe in but can also invest in a way that suits their budget. The InQubeta space is filled with supporters and enthusiasts of AI technology startups, so the ecosystem benefits investors and AI startup founders.
As of the time of this writing, QUBE was selling for $0.0161 at Stage 5 of its presale, with over 74% of the allocated tokens for the stage sold.
The solutions offered by the platforms encourage the usage of their native tokens. This, in turn, increases their worth. The world of cryptocurrency is filled with possibilities, and only time will tell if these ROE and QUBE will see the same type of growth INJ saw this year.
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