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Bitcoin's Hash Rate Boom: A Positive Market Indicator; Dogecoin Rival Expected t...

 3 months ago
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Bitcoin’s Hash Rate Boom: A Positive Market Indicator; Dogecoin Rival Expected to Thrive

Bitcoin's Hash Rate Boom
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The following content is a paid release. It is provided for informational purposes only and should not be interpreted as financial advice. The statements, views and opinions expressed in this column are solely those of the content provider and does not reflect the views or opinions of CryptoMode.

The recent boom in Bitcoin’s hash rate has propelled its popularity with analysts seeing it as a positive indicator for the cryptocurrency’s prospects. In cryptocurrency parlance, the hash rate measures a blockchain network, mining group, or miner’s computational power.

The news also shifts attention from spot Bitcoin exchange-traded funds (ETFs). These financial products debuted in the US markets in January after a long-drawn regulatory battle over the ETF acceptance criteria.

Another token that has been drawing the attention of crypto analysts is InQubeta (QUBE). The Ethereum-based platform helps startups find investors for AI-centric projects and grow their business.

It first made waves with its presale success and has continued to build on its gains. It has even emerged as a rival to popular altcoins like Dogecoin (DOGE). Currently, its presale funding stands at $8.9 million.

InQubeta: Uplifting AI startups

InQubeta is an advanced platform that takes care of startups’ business development needs, be it fundraising, marketing, accounting support, or the need for mentorship. There is a wide range of options available for startups with which they can scale their AI-led businesses.

All these services can be availed by using the platform’s native cryptocurrency, the QUBE token, which is the mode of payment on the network.

Considered one of the best altcoins to buy now, InQubeta works with a decentralized governance structure. The governance system ensures that protocol upgrades and proposals for new features are vetted by all stakeholders and then implemented.

These proposals are put to a vote to gauge what community members feel about them. Token holders get voting privileges to participate in such processes. If all members are on board, the suggested changes are implemented.

Soon, crypto users can expect to see several new additions to the InQubeta ecosystem. According to the roadmap shared by the InQubeta team, stakers can look forward to more seamless experiences as the team is planning to roll out a staking dApp.

Investors will also be able to buy, sell, trade, or swap the QUBE token as there are plans to get the token listed on exchanges.

Buy Qube Now

GRIID announces new Bitcoin mining facility in Tennessee

Bitcoin is among the top crypto coins and has been leading a bull rally in the DeFi market. Its native token BTC is used globally for fast and secure online transactions. All BTC transactions are confirmed using the proof-of-work algorithm, reducing the scope of errors.

Since last year, its popularity has hit the roof due to the excitement around the launch of spot Bitcoin ETFs in US markets and the boom in its hash rate. According to market experts, the development could amp up its prospects in the coming months.

In a related development, the cryptocurrency was in the news after GRIID Infrastructure announced an expansion of its Bitcoin mining operations with a new site in Jackson, Tennessee in the US.

The 60MW site would be located on a 15-acre plot and it will draw power from a substation built on the property. The facility is expected to start operations in a year.

SpaceX to accept Dogecoin as payment for lunar mission rescheduling

Known as a leader of the pack of top dog-themed cryptocurrencies, Dogecoin is inspired by memes on the popular Shiba Inu breed.

Transactions made with its native token DOGE are validated with the proof-of-stake consensus protocol. It’s considered a good crypto to buy as it offers a fun yet profitable way of exploring DeFi assets.

Dogecoin also happens to enjoy the support of celebrities like Tesla and SpaceX’s top boss Elon Musk. Recently, SpaceX stated that it will be accepting DOGE tokens as payment for rescheduling the DOGE-1 Mission. The lunar mission using the SpaceX Falcon 9 was rescheduled as the satellite was not ready for the launch.

Buy Qube Now

Conclusion

InQubeta, Dogecoin, and Bitcoin are among the best crypto investments that you will find in today’s market. These three tokens have emerged as the top gainers in a market that has assets packed like sardines.

These coins stand apart because of their cutting-edge code architecture that simplifies DeFi while creating scope for integration with technologies like AI.

Their growth-oriented models are another reason why analysts seem to be optimistic about their prospects. If you want to diversify your portfolio or aim for the long run, these three tokens might just be what you need to up your crypto game.

Visit InQubeta Presale

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