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Cryptocurrency News Articles

Monero, Celestia Challenged; Super Sushi Samurai Cyber Attacked

Mar 30, 2024 at 07:00 pm

Super Sushi Samurai (SSS) suffered a $4.6 million hack, causing a 99% drop in its token value. Meanwhile, InQubeta (QUBE), a Monero (XMR) and Celestia (TIA) competitor, has raised over $12.6 million in its presale, with early investors seeing 300% returns. QUBE aims to make AI investments accessible through decentralized finance and has a limited supply of 1.5 billion tokens. Experts predict it could reach hundreds or thousands of dollars in the coming years.

Monero, Celestia Challenged; Super Sushi Samurai Cyber Attacked

Cyber Attack Hits Super Sushi Samurai, Monero and Celestia Challenger Emerges Victorious

A sophisticated hack has targeted Super Sushi Samurai (SSS), a prominent crypto game built on the Blast Layer-2 network. The audacious attack resulted in the theft of over $4.6 million in tokens, leaving a dent in the network's integrity. Post-mortem analysis by blockchain security firm CertiK revealed a precipitous decline in the value of SSS, plummeting by more than 99%. The attack exploited a vulnerability in Blast's code, allowing the hacker to execute an "infinite mint" attack, draining the liquidity pool used for decentralized finance services within the ecosystem.

In stark contrast to the misfortunes faced by SSS, a formidable challenger has emerged in the cryptocurrency arena. InQubeta (QUBE), an ambitious project seeking to revolutionize access to artificial intelligence (AI) investments, has captivated investors, generating over $12.6 million in its presale phase. The altcoin's rapid ascent has rewarded early investors with an impressive 300% return.

InQubeta's presale has catapulted the project into the echelon of crypto heavyweights, mirroring the success of Binance Coin (BNB), which raised a substantial sum during its initial coin offering. InQubeta envisions a decentralized financial platform built on the Ethereum network, empowering users with accessible AI investments.

The burgeoning AI sector has witnessed a meteoric rise in investments since 2015, a testament to the growing confidence among investors that AI will profoundly transform industries and reshape daily life. Projections anticipate a significant influx of capital into AI, with estimates reaching $1.5 trillion by 2030. InQubeta's strategic positioning within this high-growth sector positions it for exponential expansion.

QUBE, InQubeta's governance token and native currency, boasts a capped supply of 1.5 billion and incorporates burn taxes to further reduce the circulating supply. This prudent tokenomics model ensures that QUBE's value will appreciate in tandem with the growth of its market capitalization. Currently priced at $0.028, QUBE holds the potential to surge in value to hundreds or even thousands of dollars in the years to come as capital pours into the ecosystem.

InQubeta's innovative approach extends beyond its AI investment platform. The project's NFT marketplace harnesses the power of tokenization, allowing AI startups to present investment opportunities as non-fungible tokens (NFTs) that users can acquire and trade seamlessly. This liquidity enhances the appeal of AI investments and caters to the growing demand for tokenized real-world assets.

The Blast network, still reeling from the $4.6 million exploit, has received an unexpected lifeline. The perpetrator of the attack has reached out to the SSS team, expressing the intention to expose the vulnerabilities within the Blast ecosystem. Both parties are actively collaborating to find a solution and compensate affected users.

Meanwhile, Monero (XMR) has shown signs of a potential bull run, posting a 10% gain over the past month, suggesting a long-awaited surge in value. In contrast, Celestia (TIA), despite experiencing a 554% growth over the past year, has encountered a 18% decline in the last 30 days, raising concerns among analysts that its remarkable bull run may be waning.

In summary, QUBE, XMR, and Ethereum (ETH) have emerged as altcoins to watch in the near future, with analysts predicting significant growth potential. QUBE is particularly poised for exceptional gains, with estimates of up to 10,000% growth this year. Investors seeking to capitalize on the burgeoning AI sector and the broader cryptocurrency market should consider these altcoins for their portfolio diversification strategies.

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Other articles published on Nov 06, 2024