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The Graph (GRT) rally shows promise, InQubeta presale captures $10M for AI venture funding model

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AI narrative is a hot story in crypto right now following strong earnings reported by Nvidia, a leading designer of graphics processing units (GPUs). Nvidia’s results highlight the surging demand for AI applications and hardware to support them. This is shining a spotlight on cryptocurrencies related to AI, like RNDR and The Graph (GRT), which have seen renewed investor interest.

At the same time, new crypto projects focused on AI are also gaining traction. One example is InQubeta, which breached the $10 million mark in its presale. InQubeta aims to improve funding access for AI startups through crypto-based crowdfunding. The project allows investors to own fractionalized NFTs representing equity in these startups. With momentum building behind AI crypto projects both old and new, it’s clear this sector warrants attention.

The Graph (GRT) Price Pumping 

The Graph (GRT) has pumped over 50% in the last week, making it one of the top-performing altcoins globally by market capitalization. The coin rose 18% today to trade around $0.277, following strong earnings results from Nvidia.

Crypto analyst CryptoBusy noted the bullish price action, tweeting to his 141,000+ followers: “It looks like The Graph $GRT has bottomed! It is breaking out of the accumulation zone! The one-month candle is bullish and it’s up 156% this February!” He sees the recent rally as a trend reversal and breakout from a bottom.

However, GRT remains far below its all-time high around $2.16 set in early 2021, unlike competitor RNDR which is trading near its 2021 peak ($7.2 current price while ATH is around $7.8).

As per the analysis by Coinpedia, GRT shows signs of strong upside momentum:

  • GRT is moving away from the 50-week exponential moving average (EMA), signaling bullish momentum as it challenges the $0.30 level.
  • Breaking out above the 23.60% Fibonacci retracement adds to the bull case.
  • Coinpedia sees potential for GRT to reach toward the key $0.50 psychological level.
  • Trading volumes have spiked 78% in the last 20 days, underscoring renewed interest.
  • But the $0.50 mark may offer stiff resistance and stall further gains.
  • Other bullish factors noted include a series of higher weekly closes indicating bullish reversal, oversold conditions relative to the all-time high, and positive momentum on technical indicators like the DMI.

Thus, analysts believe the beaten-down Graph protocol could be on the verge of a turnaround. It will take time for this altcoin to regain its former highs, however. It will be essential for traders to monitor the price action and volume around resistance to determine if bullish momentum can be sustained.

What exactly is The Graph?

The Graph is an indexing protocol that enables querying of blockchain data from networks like Ethereum and IPFS. It powers a range of applications across decentralized finance (DeFi) and the evolving Web3 ecosystem.

The Graph allows anyone to build and publish open APIs known as subgraphs. Applications can then query these subgraphs using GraphQL to retrieve indexed blockchain data.

There is a hosted service already in production that makes it easy for developers to start building dapps on The Graph. Later this year, The Graph plans to launch a fully decentralized network.

Currently, The Graph supports indexing data from Ethereum, the IPFS distributed storage network, and the POA Network. However, the protocol aims to bring additional blockchain networks into its indexing system soon for even broader data coverage.

InQubeta breaks $10 million in presale

InQubeta is a project that aims to improve funding access for AI startups through crypto-based crowdfunding. This innovative model has already grabbed attention for its approach targeting the hot AI sector in crypto.

The core of InQubeta’s offering is allowing AI startups to mint equity and rewards-based NFTs representing early investment opportunities. Investors can then purchase fractionalized portions of these NFTs using Inqubeta’s native QUBE tokens. This gives investors exposure to early-stage AI ventures they believe in, with various potential upside benefits.

Central to making this work are Inqubeta’s ERC-20 QUBE tokens for fractionalizing NFTs into tradable digital assets. QUBE has a fixed max supply and a 2% transaction burn, creating deflationary conditions that could appreciate value over time. This tokenomics model might look attractive for investors.

Once minted by startups, the NFTs are listed on Inqubeta’s marketplace. There, investors can browse, evaluate, and select the most promising opportunities to back. The $QUBE token facilitates all transactions on this marketplace. Startups get access to crucial funding, while investors gain equity, profit-sharing rights, exclusive product access, and other benefits.

The presale has already raised over $10 million, demonstrating early demand. Inqubeta’s QUBE is priced at 0.0224 USDT currently, rising to 0.0255 USDT in the next stage. Over 811 million tokens have already been sold, suggesting potential confidence in this ambitious crypto project. If successfully executed after launch, Inqubeta could establish a win-win funding model for both AI startups and the investors supporting them.

Conclusion – Top AI Coins?

The Graph’s strong price performance demonstrates renewed interest in this indexing protocol for querying blockchain data. However, while analysts highlight bullish factors, significant resistance around the $0.50 level may halt momentum before a full price recovery. However, the sustainability of this early-stage reversal remains to be seen.

InQubeta offers a method for funding promising AI startups via fractionalized NFTs. Backing from over $10 million in presale investment shows initial confidence in this model. Still, post-launch success depends greatly on smooth execution – particularly the ability to attract quality AI projects and engaged communities of token holders. By realizing the project’s ambitious vision, a new crypto funding avenue could be created.

Join InQubeta Presale

Disclaimer: This is a paid post and should not be treated as news/advice.  

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