Uncertainty and fear are common emotions in the crypto market, especially when a bug that has trapped investments on the Lido protocol surfaces. Users who staked their Solana (SOL) tokens on the liquid staking protocol are panicking, with no clear way to withdraw their funds from the smart contract. This event follows a long and complex withdrawal process, which has left users wondering about the fate of their investments.
Amid this, the hunt for top altcoins with the potential to deliver tremendous profit continues. Investors have turned their sights to Ethereum (ETH) and its positive market sentiment despite the ongoing correction in the broad crypto market. The new AI altcoin, InQubeta (QUBE), has also caught a fair share of the rising interest as more investors become aware of its features and growth potential. This article explores the growing interest in Ethereum and InQubeta, and the fate of the Lido/SOL users stuck in limbo.
InQubeta (QUBE): Heralding the AI-Crypto Movement
The investment wave ahead of the upcoming Bitcoin halving event has pushed coins with high growth potential into the limelight. The trending blockchain ICO, InQubeta, is particularly drawing attention with exciting features such as its affiliation with the artificial intelligence industry. Using a unique investment model, AI tech startups can mint their opportunities into non-fungible tokens (NFTs) and list them on the platform for purchase.
The public sale for its native token, QUBE, is underway as its final stage rounds up. Over $13.3 million has been raised, showing the project’s great potential for adoption. The token sells at $0.028, offering a 300% increase to investors who purchased at $0.007 in round 1. 340% growth is projected when the emerging crypto launches at the proposed listing price of $0.0308.
InQubeta offers even more exciting features on its platform. Users can search for AI tech startups and trade their fractionated NFTs in a peer-to-peer marketplace. Additionally, a staking protocol funded by a buy-and-sell tax rewards investors who stake their QUBE tokens. The governance rights offered to token holders give the emerging crypto project more flexibility and decentralization.
Solana (SOL): Locked Tokens in DeFi
The biggest DeFi protocol, Lido, attracted attention in February 2024 after removing the webpage for its Solana version. Initially announced in October 2023, this move was due to plans to discontinue their Solana staking, which allowed users to stake SOL tokens and receive stSOL in return. This placeholder could be used in other DeFi protocols. The protocol failed to gain traction over other prominent SOL liquid staking protocols like Jito and Marinade, leading to the decision to discontinue after giving users five months to reclaim their tokens.
As of February, over 31,000 wallets had missed the deadline, with their stSOL tokens worth over $21 million stuck. To retrieve their staked SOL tokens, users are tasked with the complexity of directly interacting with the protocol’s code, a challenging task for anyone with limited knowledge of blockchain technicality. To make matters worse, a broken code now prevents users from plying this already dangerous route.
Pavel Pavlov, a project manager at P2P, the firm that ran the Solana protocol, commented about the bug in a Discord post on March 30th. A team member at Sactum, known by the alias J, informed Lido users in an X post that they can use the platform to trade their trapped stSOL tokens for SOL or other top altcoins approved for liquid staking.
Ethereum (ETH): Bullish Momentum returns
ETH lost some of its upward momentum as the SEC’s decision for the spot ETH ETF, the initial catalyst for the surge, was delayed. However, optimism has since returned and it is now trading above $3,700.
Amid this narrative, Ethereum has recorded the highest growth in user activity in the first quarter. The network boasts over 13.4 million users and above $1 million in NFT transaction volume. These features put ETH on the path for growth, sparking interest as the investment wave rises.
Conclusion
Lido users are facing uncertainty on the blockchain as their SOL tokens remain untouchable. ETH has high prospects to climb, attracting investor interest. InQubeta has caught the investment wave. The trending blockchain ICO offers a model that supports the growth of AI tech startups, giving investors opportunities to diversify their portfolios and earn from the AI boom.
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