Layer-2 (L2) networks capitalize on Ethereum’s (ETH) limited capacity to process, store, and compute data by handling most transactions off the main ETH blockchain. The recent rise in these L2 activities, particularly Base’s performance, has kept Ethereum’s transaction fees stable. With key statistics showing a significant increase, adopting such solutions is crucial to Ethereum’s fee management strategy.
On another front and with a recent market shift, Monero’s (XMR) correction continues and crypto whales now turn to InQubeta (QUBE), its AI-based competitor. As AI (artificial intelligence) expands and transforms different sectors, the need for related technologies and applications increases. InQubeta’s cryptocurrency ICO presents an entry point to capitalize on the merger of AI and blockchain technology for innovation in the DeFi (decentralized finance) space.
The following sections cover the spike and development in Ethereum’s L2 activities and why Monero’s AI Competitor is winning whales’ favor.
The InQubeta (QUBE) Presale Wins Top Crypto Whales’ Favor
There is high anticipation for InQubeta’s imminent listing on Uniswap. Many are tapping into this uptrend as its cryptocurrency ICO, which is in its last round, has sold over 963 million QUBE tokens and raised more than $13.3 million. Each token sells at a DeFi coin price of $0.028, which will soon rise to $0.0308 by the upcoming launch. With whales increasingly favoring the project, analysts project that InQubeta will continue with this sound momentum during the presale.
One of InQubeta‘s top focuses is propelling AI tech startups to success. It acts on this goal by featuring a crowdfunding approach that lets interested investors acquire stakes in these companies. These stakes are represented by fractionalized minted non-fungible tokens (NFTs) in the InQubeta marketplace. Regardless of your financial strength, you can utilize QUBE tokens to buy such NFTs, providing seed funds for the startups and benefiting from their success over time.
The InQubeta platform is powered by blockchain technology, ensuring its transactions are secure, efficient, and transparent. Hacken and Block Audit have completed InQubeta’s smart contract audits and Know Your Customer (KYC) verifications. These commitments to its investors’ assets have taken InQubeta atop the best altcoins lineup.
Ethereum’s (ETH) Layer 2 Scaling Networks Keeps Its Fees Stable
The Ethereum L2 ecosystem has been expanding, with a recent surge in transactions per second (TPS). Based on information from L2 Beat, ETH scaling peaked around the beginning of this month, surpassing 156 TPS and marking a record high. The scaling metric also rose to approximately 11.3, indicating the L2 networks handled more transactions than the ETH mainchain.
Within this L2 space, Base has emerged with particularly impressive performance metrics. Base boasted approximately 890,000 active addresses, the highest number of active addresses among L2 platforms. Additionally, its transaction volume surpassed $1.6 billion, three times greater than its nearest competitor, Optimism [OP].
Despite the increased activity witnessed on its L2 solution, Ethereum’s fees have remained relatively low. Analysis of the fee trend indicated an overall decline over about a month. This decline commenced around the 13th of March, coinciding with a significant network upgrade and contributing to lower gas prices on L2 networks.
Data Privacy Meets Innovation on Monero (XMR)
Monero is one of the pioneer privacy-focused cryptocurrencies. The project launched with a clear mission of enabling complete anonymity and financial privacy for its users. XMR achieves this through advanced cryptographic techniques like ring signatures and stealth addresses.
XMR started 2023 on an impressive note, but the momentum slowed over the last 12 months. The crypto faces a potential correction that could wipe out its initial recorded gains. Monero is struggling to maintain its current local support of $135. If its bulls decide to sell out of fear, its DeFi coin price could lose this support to the next critical level of $120. So far, the crypto has been down by about 18% and 15% in the year-to-date and past year, respectively, from TradingView charts.
Conclusion
Despite the increased activity witnessed on Ethereum’s L2 solution, its fees have remained relatively stable. The Monero network has been on a yearly correction. The enticing prospects of InQubeta are heightening crypto whales’ interest in the project and making it one of the best altcoins to capitalize on in the booming AI sector. Those investing today can earn at least a 10% return before InQubeta launches in a week, on top of the airdrop bonuses, making its proposition more appealing.
