The collapse of FTX in 2023 was felt across the crypto landscape and beyond. Prior to its fall, it was the second-largest crypto exchange, estimated at $32 billion. Today, the fraud-tainted exchange is a bad dream that many are hoping to forget.
With its bankruptcy proceedings dragging on, FTX Token (FTT) holders have been jumping ship to more promising altcoins. A token that has caught their attention is InQubeta (QUBE). This top ICO, standing at the intersection of AI and blockchain, is gearing up to take the crypto world by storm.
Let’s delve into its ecosystem and appeal.
InQubeta (QUBE): The Next Big Thing?
InQubeta (QUBE) has emerged as a favorite among investors. The reason is clear: the convergence of blockchain and AI has set it up for adoption and explosive growth.
Crypto and AI enthusiasts have taken a keen interest in this project, including FTX Token holders. Therefore, it comes as no surprise that the team has been able to raise a staggering $7.2 million in early funding. With further upside in the coming weeks, it is one of the altcoins to watch.
Among the new ICOs, InQubeta stands out for its innovative concept. It aims to address a critical issue in the fast-rising AI sector; hence, it has been hailed as the best ICO.
It will become the first crowdfunding platform for AI startups through cryptocurrency, thereby solving the fundraising challenge within the sector. In addition, it will also open up the AI market to investors through its NFT marketplace.
The ICO is in its sixth stage, and a token costs only $0.01925. Analysts are bullish, predicting a 6,500% rally after its launch. Positioned as the best crypto to invest in, it is a token you don’t want to miss out on.
FTX Token (FTT): Holders Shift their Focus to Other Cryptocurrencies
November 2022 was a time to forget in the crypto space. Following the collapse of FTX, the entire crypto market took a hit. Your crypto holding wouldn’t have mattered; you would have likely seen an ugly red wick.
With time being the best healer, the crypto market has experienced a strong recovery. Former CEO and co-founder Sam Bankman-Fried was convicted of seven federal charges of fraud and conspiracy in connection with the exchange’s collapse.
The FTX bankruptcy proceeding is ongoing, but FTX Token (FTT) holders are losing interest and are opting for less controversial tokens. At the moment, the FTX Token no longer has use cases. It might also be liquidated to repay creditors, which makes it more risky.
Conclusion
The ongoing FTX bankruptcy, which has been dragging on for a while, has seen FTX Token holders shift their focus to more promising narratives. At the top of the list is InQubeta, an up-and-coming cryptocurrency. According to analysts’ predictions, it will experience a 6,500% rise, making it the best new crypto to invest in.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.