InQubeta price slipped on Tuesday as it sought stability after recently being listed on MEXC global and Uniswap. The token was down by 1.27 per cent and traded at $0.0365 at the time of writing. That means that QUBE has erased the gains made on Monday. Nonetheless, that is still 3.5% higher than its opening price when it listed on MEXC five days ago.
InQubeta has attracted substantial interest in the crypto industry due to its unique utility. The platform seeks to democratize access to funding opportunities in the fast-rising AI sector using its native QUBE token. It leverages NFTs to enable holders of QUBE to purchase fractionalized shares of tech startups in the AI space. Essentially, the startups mint investment opportunities in the form of NFTs, which are then listed in marketplaces for sale as tokenized shares of the startups.
The project’s investment model has proven to be one of its key attractions, with many analysts predicting that the price will likely skyrocket in the coming months as the AI frenzy provides fuel. InQubeta’s growth potential saw it raise an impressive $13.6 million in early funding, better than many Initial Coin Offerings.
The listing of QUBE token on MEXC, a leading centralised exchange, provides InQubeta with a growth path, as it exposes the token to millions of potential buyers who could bring in more liquidity. Furthermore, the Bitcoin halving event took place on April 19to a calm reception, but analysts still expect it to trigger an upsurge in crypto asset prices. This could benefit new tokens like QUBE in the coming weeks.
The momentum on QUBE price is likely to continue the downward trajectory if resistance persists at the 0.0369 pivot point. The resulting momentum will favour the sellers to break the support at 0.00361 and potentially head lower to test 0.0354 in extension. On the other hand, a move above 0.0369 will favour the bulls, who will encounter the next resistance at 0.0374. A continuation of control by the buyers could see them build the momentum to break the resistance, thus invalidating the downside narrative. Furthermore, this could propel movement to test 0.0380 in extension.