Shiba burning millions of SHIB, struggling to compete with InQubeta
As the crypto industry undergoes continuous development, several projects are garnering attention and likely to shape the trajectory of the future.
Shiba Inu (SHIB), a meme coin, has been actively pursuing its place by burning millions of its SHIB tokens. However, amid this dynamic environment, another player, InQubeta, is emerging with distinctive strategies and tokenomics, drawing interest and gaining momentum.
This article will delve into the challenges faced by Shiba Inu’s burning approach and explore the reasons behind InQubeta’s growing influence in crypto.
The struggles of Shiba Inu
Shiba Inu, a crypto project that gained widespread popularity during the meme coin craze, has implemented a token-burning mechanism to enhance scarcity and potentially increase prices.
While the concept of token burning appears promising in theory, the practical implementation has encountered noteworthy challenges.
Although many SHIB tokens have been burned, prices are struggling, and the project is not living up to its original hype.
This suggests that additional measures may be necessary to ensure the project’s long-term sustainability and value beyond token burning.
InQubeta’s performance
On the other end of the spectrum, InQubeta, an artificial intelligence (AI)-focused crypto project, has been garnering attention.
InQubeta combines artificial intelligence (AI) and decentralized finance (defi). Unlike relying solely on token scarcity, InQubeta’s model centers around value creation.
The project is designed to establish a dynamic ecosystem that facilitates fundraising for AI start-ups and offers reward and equity-based non-fungible tokens (NFTs).
The business model and the deflationary nature of its native token, QUBE, have also attracted interest from investors. The ongoing InQubeta presale has already raised over $1.7 million, a vote of confidence on its strategy.
InQubeta is winning
While Shiba Inu has primarily relied on its token-burning strategy to boost SHIB prices, InQubeta has taken a more comprehensive approach.
InQubeta has developed a marketplace for AI start-ups, allowing them to offer equity-based NFTs. This sets it apart with a unique value proposition that has drawn investor interest.
Additionally, InQubeta’s deflationary mechanism incentivizes QUBE holders over time and may present an opportunity for investors to accumulate.
In contrast to Shiba Inu, InQubeta has also established a clear trajectory for value creation and growth, which may support the project and its token going forward.
Looking ahead
The divergence in strategies and outcomes between Shiba Inu and InQubeta highlights the importance of solid business models and value creation in crypto.
While token burning can serve as a tool to manage token supply and potentially increase a token’s value, projects that provide distinct solutions and demonstrate a clear pathway to delivering value are more likely to succeed in the long run.
InQubeta’s presale success can be a positive indication for the project’s future growth, thanks to its innovative combination of AI and DeFi and unique tokenomics.
Meanwhile, meme coins such as Shiba Inu may need to reconsider their strategies to remain competitive in the ever-changing crypto market.
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