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Dogecoin emerges as potential payment method for Tesla

Although Dogecoin was initially created as a joke, its growing popularity and acceptance by companies like Tesla suggest that the cryptocurrency market could evolve in unpredictable ways.

Date: 2024-03-25 Author: Marek Stiller
Dogecoin emerges as potential payment method for Tesla

Tesla CEO Elon Musk is well known for his patronage of Dogecoin (DOGE) and making the cryptocurrency community dizzy with his tweets about the meme coin. In the past, his cryptic tweets about Dogecoin have helped the token reach new heights.

During a recent interview, Musk expressed his support for using Dogecoin for payments at Tesla. Market experts are watching closely to see if Musk’s recent statement will affect the coin’s favor.

The other altcoin that seems to be making waves in the market is InQubeta (QUBE). The Ethereum-based portal helps startups raise funds for AI projects from cryptocurrency users and grow their businesses.

With pre-sale funding recently surpassing $12.1 million, the altcoin is on the rise following the Solana (SOL) rally .

InQubeta: Creating global AI brands with DeFi

InQubeta has created a native cryptocurrency for all transaction purposes in its ecosystem. Called the QUBE token, the coin has a supply of 1.5 billion, 65% of which is to be sold to interested buyers. Focusing on the artificial intelligence sector, InQubeta provides mentoring and marketing services to emerging startups.

The availability of the coin varies depending on market conditions, as it has a deflationary model. The deflationary model makes the token increasingly scarce in the market when volatility or inflation increases. The supply gap helps increase the value of the token, even when prices of other asset classes fluctuate. The relative stability of the QUBE token in times of crisis has strengthened its position as a good cryptocurrency to buy.

The platform has a decentralized autonomous organization (DAO) model, with token holders taking center stage. Any proposal to update or add new features is voted on by all token holders. This process ensures that all members of the community have a say, and that decision-making is not the job of one person.

To further capitalize on these achievements, the InQubet team is planning the next steps. In the coming months, QUBE token holders will be able to use the dApp for staking and even trade the coin on centralized exchanges.

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Solana’s market capitalization reaches $1 trillion

Solana is a tier-1 blockchain, known for its scalability and security. These two factors make it ideal for deploying high-performance dApps. Developers can also learn new skills thanks to the many resources available on the platform.

Its native token, SOL, is currently one of the most successful tokens on the market. With its wild success, Solana has shifted analysts’ attention from discussing ETF acceptance criteria to prospects.

The token recently made headlines when its market capitalization exceeded $1 trillion. on March 18, 2024, Solana’s market capitalization rose to $90 billion. The development followed the success of a number of Solana-based meme coins.

Dogecoin 1.14.7 now available

Dogecoin is an open-source meme coin that was inspired by the Shiba Inu breed. Its native DOGE token is considered one of the best cryptocurrency investment options currently available.

Elon Musk, Tesla’s CEO, sparked interest in the cryptocurrency community after he allowed DOGE tokens to be used as a payment method by the company. The owner of “X” is widely regarded as the token’s patron saint.

The meme coin recently announced that an update to version 1.14.7 is now available. Improvements such as reduced Qt dependencies, translation updates and additional security tips were part of the protocol update.

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Marek Stiller
Marek Stiller
Founder of the "Cryptocurrency for Beginners" channel on YouTube. He collaborates with Łukasz to form the Arena Trading group, while at the same time being passionate about blockchain technology. His knowledge and experience in the cryptocurrency industry help beginner investors better understand this dynamic market.
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