3 Deflationary Tokens to Watch Out for Ahead of The Next Crypto Bull Run
Savvy cryptocurrency investors typically have a few deflationary tokens like InQubeta (QUBE) in their holdings since such altcoins have the most growth potential.
Deflationary cryptocurrencies have protocols that reduce the supply of tokens, which pushes prices up. It’s basic supply and demand economics.
Cryptocurrencies that don’t have any systems in place to limit the supply of tokens typically struggle to reach the dollar price mark. Dogecoin (DOGE) coin is an excellent example of this since its prices never reached a dollar despite all the hype it got from Elon Musk and others during the 2021 bull run. Dogecoin doesn’t have a token cap and 10,000 new tokens are released to miners every ten minutes, driving prices downward.
InQubeta being a deflationary token is one of the factors leading to its presale success as it increases investor confidence. Investors being able to 4x their holdings also helps.
Three deflationary tokens expected to see significant price increases during next bull run.
Some of the most promising deflationary tokens in the cryptocurrency space include:
QUBE is currently one of the most discussed tokens in the crypto space thanks to its presale exceeding all expectations. The InQubeta project focuses on making investment opportunities in artificial intelligence (AI) startups more accessible while sending more capital into the artificial intelligence industry.
The AI industry has seen an exponential increase in investments over the past several years, with investments rising by over $100 billion from 2015 to 2022, and it’s expected to exceed $1.5 trillion by 2030. Projects like InQubeta are already seeing an influx of these investment funds.
$QUBE tokens are the platform’s native currency. Deflationary protocols that protect $QUBE prices include a 2% tax on marketplace transactions that’s transferred to burn wallets for removal from the supply.
InQubeta is one of the select cryptocurrencies that provide solutions to real-world problems while having deflationary practices to protect token prices. These protocols, combined with AI being poised to be the next major technological revolution, should push InQubeta prices up exponentially after its official launch. Many cryptocurrency investors are increasingly moving away from cryptocurrencies with unlimited supply, as more tokens constantly being added hurts their value just as is the case with fiat currencies.
2. Pepe (PEPE)
Pepe is a deflationary meme coin that’s hosted on the Ethereum (ETH) blockchain. It’s one of the few meme coins that provide incentives to users like a no-tax policy and deflationary protocols that create scarcity.
Pepe has already seen some exponential growth in 2023 with its market capitalization reaching $1.6 billion in May, and prices are still climbing. Pepe rode the meme coin wave in 2021, and its deflationary protocols have helped it to outperform other meme coins like Dogecoin.
3. Baby Doge Coin (BabyDOGE)
The appropriately named Baby Doge Coin learned from the original Dogecoin’s mistakes and provides improved transaction speeds and deflationary practices. The platform also rewards holders by sending BabyDoge rewards whenever they conduct transactions.
Baby Doge Coin was created as a joke to help spread awareness on issues surrounding animal adoption, but it now serves as an example of how effective deflationary protocols can be.
Deflationary cryptocurrencies like InQubeta have the most potential for growth since they have protocols that limit the supply of tokens. Expect these practices to become standard in the future since even deflationary meme coins have seen significant growth.
The future looks bright for platforms like InQubeta thanks to its link to artificial intelligence and deflationary protocols that increase investor confidence. Artificial intelligence is set to transform many industries and platforms like InQubeta will enjoy a significant portion of the investments being funneled into the industry.