- Qubic (QUBIC) is making a rise of more than 10,000%.
- This a new token that wants to change how native tokens and blockchains function.
Qubic (QUBIC) is a new crypto project aiming to achieve many things in the crypto market. So, one of them is revolutionizing how the burning mechanism works. Due to this, this attracts a lot of interest.
Qubic (QUBIC) Making a Ride to the Top
- There’s a new cryptocurrency called Qubic (QUBIC) that’s making a lot of waves in the crypto market. So, many cryptocurrencies are making a lot of uprisings in the crypto market since the bullish rally of October. This new token called Qubic (QUBIC) is among those rising from the wave. So, the amount of increases this token is making is even more than those of Solana, Ethereum, XRP, and Dogecoin combined.
- According to data from CoinGecko, this token made an uprising of more than 10,000%. So, having more than a 10,000 increase means a skyrocket from $0.0000003 to around $0.00003. With an increase of this magnitude, it is becoming one of the top new blockchain projects and continues to gain momentum. Before diving deeper into the massive increases, let’s talk more about this Qubic (QUBIC) token.
What is Qubic (QUBIC)?
- Qubic (QUBIC) is the utility token that powers the Qubic platform. So, this is basically the native token of this network that is powering an upcoming blockchain. The QUBIC platform is a new blockchain network optimized for smart contracts and decentralized applications. So, according to details from the developers, QUBIC tokens act as a measurement of computational “energy” spent on executing smart contracts.
- But this is not the only role this token plays on this network. So, it will also serve as the token enabling access to Oracle data and other actions on the Qubic network. There’s another unique feature of this token. So, the burning mechanism is quite different from many others. There’s a burn of Quibic during activities on the network. So, this design rewards efficiency and encourages the network’s best performance.
Investors Rushing to Get this Token
- Many investors are rushing to get their hands on this token. However, details show that QUBIC is currently only available on the SafeTrade exchange. So, this token is already getting its position for long-term growth with a 1000 trillion market cap.
- In fact, many crypto influences are already lining up at the back of this token. So, according to one @Moustache, he said, “So bullish on $QUBIC that it hurts. A few see the potential at the current level. Most only recognize it 10x higher from here.”
Conclusion
Despite Solana’s massive increase in the crypto market, a new token is taking a lot of interest. So, the name of this token is Qubic (QUBIC), and it is making many waves in the crypto community. This hype is due to a massive increase of more than 10,000%.
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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
