Dormant Ethereum Whale moves ETH; Rising curiosity in Near Protocol and emerging AI Altcoin
Never say never. That’s what seemed to be the case after a dormant Ethereum (ETH) whale woke up to send tokens worth $5.15 million. There had been no activity in the wallet address for around a decade. The tokens were sent to the crypto exchange Kraken. The development comes days after Ethereum crossed $3,000.
The sudden whale activity also highlights the potential of Ethereum as the next token to power a crypto exchange-traded fund (ETF). As concerns about the legal aspects of BTC ETF continue, many analysts have suggested Ethereum ETFs might be a solution to the problem because of their versatility.
The altcoins that have been seeing rising user interest were NEAR Protocol and InQubeta (QUBE). While NEAR Protocol is a developer-friendly protocol for deploying Web 3.0 solutions, InQubeta is a fundraising service for AI projects. Its presale funding recently crossed $10.4 million.
InQubeta: Helping AI startups discover new milestones
InQubeta is an Ethereum-based cryptocurrency that doubles up as a business development ecosystem for AI startups. Its collection of services helps startups shed inhibitions and grow their business models using blockchain-based solutions.
For crypto users, InQubeta is among the best cryptocurrencies to buy now. It facilitates seamless investments in AI projects. The startups selected by InQubeta have to go through intensive screening to ensure that only the best make the cut. Startups can then raise funds by minting equity based NFTs that can be bought by investors on the InQubeta platform.
Its native cryptocurrency, the QUBE token, is a deflationary asset and can be staked. By adding InQubeta to their portfolio, people wouldn’t have to think about what cryptos to buy now for a long time.
A total token supply of 1.5 billion is split between different uses like presale, paying legal fees, compensating developers, funding marketing campaigns, and giving out staking rewards – that’s what InQubeta’s tokenomics looks like. The largest share of the token is for the presale. Only 35% of the stock of coins goes towards the expenses.
Given its presale success, the QUBE token today is a part of top analysts’ best cryptocurrency ICO lists. 
Ethereum L2 Zircuit draws $128 million in deposits within 24 hours
Ethereum is a popular blockchain technology that can be customized to roll out a range of solutions like decentralized identities, blockchains, and crypto assets.
Transactions made using its native token ETH are validated with the proof-of-stake consensus protocol. Its popularity has also drawn attention to its potential to power the next crypto ETF.
Market experts suggest that the ETH token can do a better job of countering regulatory challenges for ETFs.
The cryptocurrency has been in the news after Zircuit, a Layer 2 blockchain built on Ethereum, drew over $128 million within 24 hours after it started accepting deposits. Zircuit allows crypto users to stake restaked and staked assets.
NEAR Protocol’s new wallet gains 300,000 users in 48 hours
NEAR Protocol is an emerging crypto that offers new-age tools for building powerful dApps. Developers can find multiple resources to upskill and share their ideas with professionals from the Web 3.0 industry.
The platform’s native token NEAR is used for all on-chain transactions. The Near protocol has registered a strong interest from developers due to its easy to use interface and ability to deploy dApps at the click of a button.
The platform recently released a self-custodial wallet called HERE. The wallet created a record of sorts after it clocked around 300,000 registrations within 48 hours of launch.
Its USP is that Telegram users can seamlessly set up a blockchain-powered wallet.
Conclusion
InQuebea, Ethereum, and NEAR Protocol are altcoins to watch out for this year as they haven’t let market volatility get to them till now. These tokens have posted consistent returns that have even trumped analysts’ expectations.
These crypto projects have been in the news for different reasons which has enabled them to garner more token holders. As Ethereum drew more users because of its upcoming Dencun upgrade, NEAR Protocol hit the headlines with an airdrop. InQubeta, meanwhile, grabbed the spotlight with its presale success. The collective impact of these tokens also helped with market recovery.
Market experts suggest that these tokens have a long way to go as they have high growth potential. Chances are people might see InQubeta, NEAR Protocol, and Ethereum leading the next crypto bull rally.
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