Memecoins Have Major Limitations
Shiba Inu gained fame for its extraordinary returns in 2021, skyrocketing by a staggering 43,800,000%. It became the talk of the town, attracting investors seeking quick gains. However, after reaching its all-time high, SHIB has declined by 90%, leaving the community searching for ways to support its price.
One major obstacle to SHIB hitting $1 is the vast number of tokens in circulation, currently at around 589 trillion. Achieving a market capitalization of $589 trillion would be virtually impossible without drastic measures, such as burning a significant portion of the tokens. Unfortunately, such a massive burn seems highly unlikely.
Pepe, another memecoin, has also experienced substantial gains, rising by over 5000% in 2023. However, it has yet to approach the $0.01 milestone, indicating that reaching $1 is still a distant dream. Like SHIB, Pepe faces the challenge of a large token supply, with approximately 391 trillion tokens in circulation. Without significant burning, attaining a $1 valuation appears unrealistic.
Memecoins often lack real-world use cases and are minted in large quantities, contributing to their inflated supply. This is where QUBE stands apart from the pack. InQubeta, an AI Crypto token project, has positioned its native token, QUBE, as a potential candidate to reach $1.
Factors That Could Affect QUBE’s Likelihood of Reaching 1 Cent
One advantage QUBE possesses is its comparatively low total market capitalization of 1.5 billion tokens. With only 1.5 billion tokens to be minted, the hypothetical market cap for QUBE to reach $1 would be $1.5 billion. This figure is relatively modest by crypto standards, considering that there are already 37 tokens with market caps of $1.5 billion and above.
Moreover, QUBE presents an attractive investment opportunity due to its deflationary nature as an ERC20 token. It imposes a 2% buy and sell tax, which goes to a burn wallet, and a 5% buy and sell tax allocated to a dedicated reward pool. This mechanism ensures a constant reduction in token supply, which should drive up the price and expedite the achievement of the $1 mark.
Currently priced at $0.0007 during its presale phase, QUBE would need to increase by 14.185% to reach $1. This growth potential is not unheard of, as tokens like Pepe and SHIB have experienced similar price surges in the past.
QUBE’s appeal extends beyond potential price appreciation. Its impressive use cases, such as enabling fractional investments in AI start-ups and offering reward and equity-based NFTs, provide seamless and efficient investment opportunities. Blockchain technology guarantees transparency and security, creating a more democratic and accessible investment ecosystem.
Additionally, QUBE serves as a governance token, empowering holders to participate in decision-making processes within the InQubeta platform. This active involvement allows QUBE holders to propose, discuss, and vote on various aspects of the platform’s development and future direction.
To acquire QUBE tokens, interested investors can participate in the presale through the InQubeta website, using supported cryptocurrencies like ETH, USDT, and BTC. The accessible minimum investment amount of $50 caters to a wide range of investors, fostering inclusivity and broad participation.
Final Thoughts
While SHIB and PEPE have captured significant attention and experienced notable price movements, QUBE presents a compelling case for reaching the $1 milestone. With its deflationary design, limited token supply, and promising use cases, QUBE has the potential to become a rising star in the cryptocurrency market.
