The Demand For InQubeta And Chainlink Surges After Powell Affirms Bitcoin Has ‘Staying Power’ As An Asset Class

The recent remarks by Jerome Powell, the chairman of the Federal Reserve, regarding the staying power of Bitcoin as an asset class have sent ripples through the crypto market. In the wake of Powell’s affirmation, two prominent cryptocurrencies, InQubeta (QUBE) and Chainlink (LINK), have experienced a surge in demand. This surge reflects the growing confidence in the long-term viability and potential of cryptocurrencies, particularly in light of the Federal Reserve’s recognition of Bitcoin’s durability and importance within the financial landscape.

Powell’s Recognition

During a recent congressional hearing, Chairman Powell acknowledged the significant influence and resilience of Bitcoin as an asset class. His recognition of Bitcoin’s staying power has had a profound impact on the perception of cryptocurrencies among investors and market participants. Powell’s remarks signalled a shift in mainstream acceptance and provided a level of legitimacy to the crypto market as a whole.

The Rise of InQubeta (QUBE)

InQubeta (QUBE) has emerged as a significant player in the crypto crowdfunding space, focusing on AI start-ups and their engagement with the community. By utilizing QUBE tokens, InQubeta offers fractional investment opportunities in AI start-ups, democratizing access for supporters passionate about fostering the growth and success of AI technology. The platform’s NFT marketplace further enhances the investment experience, allowing AI start-ups to raise funds and offer reward and equity-based NFTs, creating a mutually beneficial ecosystem for both start-ups and investors.

QUBE tokens present a unique investment proposition for those enthusiastic about AI technology. Designed as a deflationary ERC20 token, QUBE implements a 2% tax on all buy and sell transactions, contributing to a burn wallet that reduces the token supply over time. This deflationary mechanism fosters scarcity, driving the token’s value. Additionally, a 5% sell tax supports a dedicated reward pool, enabling investors to earn rewards by staking their tokens and actively participating in the InQubeta ecosystem. The token presale has already raised over $800k, as we head to the next price increase for Stage Two of the presale.

The Ascendancy of Chainlink (LINK)

While Powell’s remarks primarily centred around Bitcoin, the endorsement of cryptocurrencies as an asset class has positively impacted the wider market, including Chainlink (LINK). Chainlink is a decentralized oracle network that facilitates the integration of real-world data into smart contracts. As blockchain technology expands its reach beyond digital currencies, the need for reliable, tamper-proof data feeds has become crucial. Chainlink’s robust infrastructure and trusted oracles make it an attractive solution for developers and enterprises seeking accurate data on the blockchain.

The surge in demand for Chainlink (LINK) can be attributed to the growing recognition of its vital role in enabling smart contract functionality and its potential to revolutionize various industries. The endorsement of Bitcoin by Powell has amplified the confidence in cryptocurrencies as a whole, making Chainlink an appealing investment option for those seeking exposure to the broader crypto market.

Conclusion

Federal Reserve Chairman Jerome Powell’s acknowledgement of Bitcoin’s staying power has revitalized the crypto space, with investors showing an increased interest in AI-driven coins like InQubeta (QUBE) and Chainlink (LINK). InQubeta’s innovative approach to fractional investment in AI start-ups, combined with the transparency and security of blockchain technology, has positioned it as an attractive platform for investors looking to support the growth of AI technology. Chainlink’s trusted oracle network and its ability to bridge the gap between blockchain and real-world data have further propelled its demand.

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• Source: https://coinpedia.org/press-release/demand-for-inqubeta-and-chainlink-surges/