Bitcoin Tops $68K, Ethereum Surges Past $3,700; Rising AI Altcoin Sets Sights on Dethroning Decentraland
The cryptocurrency space is officially on fire as Bitcoin’s (BTC) price breaks above the $68,000 resistance level and appears poised to set a new all-time high (ATH) soon. BTC’s historic bull run has been highly anticipated since the second half of 2023 as rumors of spot exchange-traded funds (ETFs) being approved grew.
Exchange-traded funds that met the US Securities and Exchange Commission’s ETF acceptance criteria have now been launched, leading to an unprecedented level of inflows into Bitcoin investments.
Ethereum (ETH) is expected to set a new ATH at some point this year. The approval of Bitcoin spot exchange-traded funds has opened the way for an Ethereum spot ETF, and the SEC is scheduled to meet with leading ETF applicants this month and possibly rule on the new asset class.
Despite all the hype BTC and ETH are currently getting, Decentraland (MANA) competitor InQubeta (QUBE) might end up being the best crypto to invest in this year as some analysts have prices growing as much as 10,000%. The new DeFi project intends to open up artificial intelligence (AI) investments with its crowdfunding protocol.
Emerging crypto InQubeta (QUBE) projected to surge 100x after presale
InQubeta looks to offer a solution for one of the biggest obstacles people looking to buy equity in AI firms face: being denied access to traditional investment avenues due to arbitrary requirements like income or net worth prerequisites.
InQubeta is the first DeFi crypto coin to dedicate its investment space to the artificial intelligence sector. The AI industry has grown leaps and bounds in the past decade and so have investments in the companies advancing the technology.
Many analysts expect artificial intelligence to be the fastest-growing tech sector in the next several years as over $1.5 trillion is projected to stream into it. InQubeta is ideally placed to emerge as a major player in the AI space by connecting emerging companies with people and other funding sources looking to acquire equity in AI-focused firms.
InQubeta’s investment ecosystem allows startups to secure the capital they seek by minting equity and reward-based investment opportunities into non-fungible tokens (NFTs) that are offered up for sale in the NFT marketplace. Investors use QUBE to buy these tokens, earning them equity and other rewards.
QUBE holders also get to be part of the ecosystem’s democratic governance model. They get to suggest ideas and vote on existing discussions. Investors can earn more QUBE by staking their holdings to help run the blockchain. A portion of marketplace taxes funds a reward pool for those who stake their holdings, sending out rewards periodically.
Bitcoin (BTC) is on course to set new highs
Investing in BTC ETFs has been a profitable investment for institutional investors as prices have grown by over 58% since then. The price dipped to $38,000 shortly after ETFs were launched, but they’ve been surging since then.
Bitcoin’s upcoming halving event puts more upward pressure on prices and the consensus in the cryptocurrency space is that prices could reach as high as $160,000.
Launch of Ethereum (ETH) spot ETFs expected to cause exponential growth
Bitcoin ETFs have opened the way for other cryptocurrencies to launch spot exchange traded funds and Ethereum appears to be the next in line for the new asset class. ETH prices have grown 57% in the past month, but it’s still a long way from its ATH at $4,891 set in 2021.
Summary
QUBE, BTC, and ETH are three of the best cryptocurrencies to buy now as all three are projected to enjoy exponential growth. QUBE has the most potential out of the trio with some projections anticipating as much as 10,000% growth in 2023 once launched.
QUBE prices could easily reach a few hundred dollars within the next decade, making it one of the best cryptos for building generational wealth.
