AltLayer up 49% Following Launch – As Altcoins Gain Traction

AltLayer, a decentralized protocol for creating blockchain rollups, has recorded a 49% rise in the price of its native token, ALT, following a successful launch. The token’s trading volume went to $300 million within a few hours. On the other hand, two relatively new altcoins, InQubeta (QUBE) and NuggetRush (NUGX), are making progress.

The AltLayer (ALT) Momentum

Having a circulating supply of 1.1 billion ALT and a market capitalization of $459 million, AltLayer is a blockchain protocol that enables developers to design roll-ups from multiple software envelopes. The project’s airdrop event gave away 300 million ALT tokens now worth $125 million to its early adopters.

Institutional interest is signaled as the Binance exchange recognizes AltLayer as the 45th project on its Launchpool platform. Prior to the main listing on January 25, users had a chance to farm ALT tokens by staking BNB and FDUSD.

At the time of writing, the price of AltLayer (ALT) has seen a 49% increase over the past few days since launch.

ALT is the native token of the AltLayer decentralized protocol powering rollups and innovative restaked rollups that enables developers to build Layer02 projects on different software platforms in an ecosystem where community governance rules. 

InQubeta (QUBE) Aims for Success  

Designed as a platform connecting AI-based blockchain project creators and investors, InQubeta (QUBE) has secured $8.5 million in its ongoing presale.

The platform is designed to enable fractionalized investments in AI startups, accompanied by reward and equity-based NFTs. This approach establishes a symbiotic relationship, benefitting both investors and startups transparently and pragmatically.

The QUBE token, at its core, functions as a gateway to the InQubeta ecosystem, enabling holders to enjoy the project’s numerous features.

With a deflationary mechanism and a 5% sell tax contributing to a dedicated reward pool, QUBE holders can engage in staking activities to earn rewards, while playing a pivotal role in the platform’s governance. 

QUBE tokens empower holders to participate actively in decision-making processes. This democratic approach fosters transparency, security, and democracy, aligning with the platform’s vision of a future where blockchain and smart contracts drive the success of AI startups.

InQubeta Presale Website

NuggetRush (NUGX) Forging Ahead 

The NuggetRush (NUGX) project is a meme coin platform aiming to bring real utility to the world of joke-inspired altcoins. The project has created an original concept by incorporating play-to-earn gaming that blends subtle features of gold mining with monetization through crypto and artisanal diamond making. 

The project seeks to fill the gap between virtual and physical value by enabling players to exchange in-game assets for the actual acquisition of real-world commodities such as gold and cash. InQubeta emphasizes that its platform is about substance rather than mere speculation. 

NuggetRush (NUGX) tries to offer users unique features to distinguish it from other crypto gaming niches. Maxwell Stoneforge, Marcus “Mack” McAllister, and Amelia “Mia” Gallagher have all been minted as in-game NFTs on the platform.

At the time of writing, more than 75% of the tokens allocated for NuggetRush’s presale so far have been sold, with an excess of $2 million being raised.

NuggetRush Presale Website

Best crypto platforms in Europe | February 2024 PrimeXTB Explore → DeGate Explore → AlgosOne Explore → Wirex App Explore → KuCoin Explore → Margex Explore → Explore more

The post AltLayer up 49% Following Launch – As Altcoins Gain Traction appeared first on BeInCrypto.