Chainlink (LINK), Conflux (CFX), and InQubeta (QUBE) gained significant momentum as Bitcoin exploded this week, as they showcase their contributions to the evolving cryptocurrency and blockchain landscape developments investors and traders have piled in over this past week.
Chainlink’s Partnership with Vodafone Enhances Global Trade
Chainlink, a decentralized oracle network that connects smart contracts with real-world data, is on our radar.
Recently, Vodafone’s Digital Asset Broker (DAB) joined forces with Chainlink Labs and other prominent entities in an effort to address the intricacies of the trade ecosystem. This vast industry boasts a staggering value of $32 trillion.
Through this collaboration, they successfully showcased their ability to seamlessly exchange trade documents across various platforms and blockchains, effectively eliminating inefficiencies that arise from fragmented systems.
At the heart of this partnership lies Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which is vital in enhancing security measures and promoting interoperability within devices and networks.
The ultimate objective is to establish a robust interface for data and token exchange not only between different blockchain networks but also encompass Internet of Things (IoT) networks.
Apparently, Chainlink (LINK) has experienced significant growth throughout these endeavors, witnessing an over 51% increase in its performance in the past seven days. Chainlink (LINK) is now valued at a market cap of $6,173,078,156.
Conflux’s Growth and Commitment to Improvement
Conflux, another noteworthy player, has been working diligently to overcome challenges in blockchain networks. With its recent Conflux v2.3.0 hard fork upgrade, it’s evident that Conflux is committed to enhancing its performance and optimizing its essential components.
This dedication has resulted in a 53.53% price increase for Conflux (CFX) in the past week, now valued at a market cap of $526,982,593. Conflux’s consistent growth suggests its potential to shape decentralized systems in the future.
InQubeta’s Innovative Approach to AI Investment
On the side, InQubeta has chosen a path in the world of cryptocurrency. This project revolutionizes how AI startups raise funds and interact with their communities. Their approach involves a marketplace for NFTs that allows for investments.
InQubetas presale has achieved success with over 87% of tokens sold and a total fundraising amount of over $3.8 million. The strategy encourages AI technology start-ups whereby all investors have an opportunity to invest in the sector.
InQubettas NFT marketplace provides an opportunity for AI Startups to raise financing through the issuance of equity-based NFT.
It becomes even more fascinating that apart from being an investment, InQubeta’s QUBE token has diverse functionality. It gives governance power to the token holders, enabling them to dictate important decisions with regard to the direction and growth of the platform.
InQubeta envisions an amalgamation of artificial intelligence technology with cryptocurrencies in a future where these realms converge, consequently attracting attention from within the cryptocurrency community due to its distinctive approach.
To wrap it up, Chainlink, Conflux, and InQubeta have all progressed in the week. Each of these projects contributes to the constantly evolving world of cryptocurrencies and blockchain technology.
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