Bitcoin’s Expected Dip? Chainlink and Polkadot Competitor Aim for New Heights
The approval of Bitcoin (BTC) exchange-traded funds that satisfied the ETF acceptance criteria laid forth by the US Securities and Exchange Commission (SEC) has led to an influx of capital into Bitcoin, but some analysts expect prices to dip down to $51,400 amid regulatory concerns and global instability. Despite the growing calls by some for [...]
The approval of Bitcoin (BTC) exchange-traded funds that satisfied the ETF acceptance criteria laid forth by the US Securities and Exchange Commission (SEC) has led to an influx of capital into Bitcoin, but some analysts expect prices to dip down to $51,400 amid regulatory concerns and global instability.
Despite the growing calls by some for more cryptocurrency regulation, the Senate Banking Committee currently isn’t prioritizing regulating cryptos, despite Senator Elizabeth Warren’s push to place cryptocurrencies under current anti-money laundering regulations. BTC is currently trading above $60,000 after growing by 32% in the past month.
Bitcoin isn’t the only cryptocurrency project that’s expected to enjoy considerable growth in 2024. InQubeta (QUBE) is expected to outperform Bitcoin’s growth this year, just like it did in 2023, posting 264% returns in the past year, compared to BTC’s 129% growth. The emerging crypto project looks to open up access to investment opportunities in the artificial intelligence (AI) space, serving as an alternative to mainstream investment firms.
Buying up Chainlink (LINK) is a good crypto investment to make right now as its prices have surged 33% in the past 30 days. Polkadot (DOT) has also been enjoying increased investor interest lately as its prices have grown 20% in the past month.
InQubeta (QUBE) emerges as top ICO as presale raises over $10.4 million
InQubeta intends to take on traditional investment spaces by creating a decentralized investment network that serves as an alternative to traditional investing channels. A huge portion of the global population can’t use mainstream investment options because of income or net worth requirements.
InQubeta’s crowdfunding network brings AI startups and investors together by creating a mutually beneficial ecosystem for both. Equity and reward-based investment opportunities are represented with non-fungible tokens (NFTs) on the InQubeta network and sold on its marketplace.
Investors use the project’s native token, QUBE, to invest in AI firms by buying fractions of their NFTs, entitling them to all rewards promised. Like stocks, these tokens grow in value as their makers increase their valuations.
Artificial intelligence is on the verge of reshaping how many sectors function as automation takes over repetitive tasks that once required people. Investments in the technology are fast-rising and over $1.5 trillion is expected to flow into it by 2030.
InQubeta being the first decentralized finance crypto to focus on AI positions it for tremendous growth as it helps to funnel a fraction of these investment funds into emerging startups. The popular NFT platform now gives everyone, everywhere a safe and efficient way to purchase equity in AI firms as the technology reshapes the world.
Bitcoin (BTC) prices are expected to dip before setting new highs
While many in the cryptocurrency community believe BTC prices could reach $160,000 this year, some analysts are warning investors that a pullback could bring prices back down to $51,400. Factors like the growing possibility of more laws being passed to regulate cryptocurrencies and newly launched BTC ETFs exposing the cryptocurrency to centralization now that asset managers like BlackRock, ARK Invest, and Fidelity are set to dominate most of the capital invested in it.
Chainlink’s (LINK) recent partnerships push prices up 33%
Chainlink has enjoyed lots of bullish momentum ever since it announced its partnership with Amino Rewards to enable cross-chain transfer. Prices have surged 33% in the past 30 days as it emerges as one of the best altcoins to invest in.
Earlier in February, the firm partnered up with Telefonica to leverage its Oracle protocol to help pinpoint unauthorized SIM uses.
Polkadot (DOT) prices surge following Coinbase listing
DOT prices are up 3% in the past week after news of its Coinbase futures listing broke. The milestone was announced on Feb. 22, and it put DOT in the company of major cryptocurrencies like Solana (SOL) and Ripple (XRP).
DOT prices have now surged 19% in the past month and technical indicators like its 10-day momentum at 0.417 indicates more growth is likely on the horizon.
Summary
QUBE, DOT, BTC, and LINK are the top crypto coins to consider buying today. BTC and QUBE are expected to lead the way with 400% and 10,000% growth projections respectively.
What's Your Reaction?
