The rollout of Bitcoin (BTC) exchange-traded funds (ETFs) in the US was a highly anticipated move that proved to be worth the wait. The recently unveiled ETFs in the country have fetched record investments since their launch in January and are fast replacing crypto users’ market favorites. The bullish trend has also helped Bitcoin rise higher in an impressive rally.
At the same time, when the token took a brief fall, the ‘Newborn Nine’ – a colloquial reference to a bunch of financial products investing directly in Bitcoin – stood strong compared to the Grayscale ETF.
Among altcoins, InQubeta (QUBE) has been the top-performing asset. The platform enables the average crypto user to invest in startups and own a share in their equity. Its future-looking model has stoked global interest which is reflected in its presale success. Till now, its cryptocurrency ICO has raised over $12.3 million.
InQubeta: The success secret for AI startups
InQubeta is a leading decentralized platform where crypto users get to invest in startup projects. Boardroom formalities and jargon are replaced by a straightforward mechanism where investment proposals are minted into NFTs and then sold.
The sale of NFTs is done using InQubeta’s native cryptocurrency, the QUBE token. Once the transaction is confirmed, the proceeds are transferred to startups and crypto users can sit back to reap the rewards of their investments.
It’s not just fundraising that InQubeta helps AI startups with. It enables innovators to think big with a range of business development services. Tapping into InQubeta’s network, they can find mentors to guide them through the AI industry and its challenges.
The same network can help startups market their product to the right audience and strategize for maximum impact. InQubeta’s social media channels can pitch in with online branding. In case of a setback or tangle, startups can depend on InQubeta’s team of advisors for advice on financial issues.
The QUBE token has outperformed many new altcoins with its gamut of features which include a deflationary model. The model is the anti-inflationary shield for a crypto portfolio. If the market is too volatile or inflation is high, the model lowers the supply of the QUBE token. The scarcity allows the asset to trade at optimal prices and boosts demand.
The feature allows the QUBE token to trade as usual despite the chaos in the markets. If there’s a risk of any increase in supply, the token burn mechanism is used to destroy excess stock.
A key reason why InQubeta was considered one of the best altcoins for 2023 is its ability to help increase generational wealth. With the QUBE token, people can discover multiple opportunities to earn passive income. They can easily stake their tokens and help with securing the network while earning crypto rewards.
Standard Chartered sees Bitcoin touching $150,000 by year-end
Bitcoin was the first cryptocurrency. Among assets, its native token BTC has one of the highest market caps in the world. The cryptocurrency uses the proof-of-work algorithm for mining and validating transactions.
The cryptocurrency’s popularity received a major push following the launch of Bitcoin ETFs in the US in January. As crypto users rushed to pour funds into these financial products, the BTC token drew major investor inflows.
Following a brief period of negative price action in the markets, the ‘Newborn Nine’ stood strong while the Grayscale ETF accounted for the majority of the outflows.
In view of the bullish trend, global investment bank Standard Chartered has increased its year-end prediction for Bitcoin to $150,000 from its previous $100,000.
Conclusion
InQubeta and Bitcoin are top cryptos to invest in that have been consistently helping their holders enjoy new gains.
The two tokens represent the impact that DeFi can drive among the masses. As powerful as their features are, they also have user-friendly frameworks that enable more crypto users to explore their potential.
Analysts have suggested that the recent developments have also had a lot to do with the growth that these coins have experienced. In Bitcoin’s case, the craze over investing in BTC ETFs has helped it reach unimaginable heights.
For InQubeta, the novelty of an AI-centric cryptocurrency has taken the world by storm. Its presale gains reflect the faith of crypto users in its capabilities.
