Bitcoin’s Setback Triggers Massive Liquidations, Bright Future Predicted for Injective and Monero Rival
Bitcoin’s (BTC) price dropped from $73,750 to $62,000 after the new all-time high (ATH) on March 14, triggering massive liquidations of long positions while shorts enjoyed considerable profits. The pullback was so intense that some analysts predicted BTC’s price would drop as low as $42,000 heading into its halving event. Those predictions appear to be [...]
Bitcoin’s (BTC) price dropped from $73,750 to $62,000 after the new all-time high (ATH) on March 14, triggering massive liquidations of long positions while shorts enjoyed considerable profits. The pullback was so intense that some analysts predicted BTC’s price would drop as low as $42,000 heading into its halving event.
Those predictions appear to be wrong as BTC has once again broken the $70,000 resistance level and appears poised to set new ATHs before its halving event in April. The trading volume on the Bitcoin network has increased by 77% in the past week.
Meanwhile, InQubeta (QUBE), a competitor of Monero (XMR) and Injective (INJ), is now one of the top ICOs going on as it generates over $12.5 million in token sales. The emerging crypto plans to launch a decentralized finance space that offers users easy access to artificial intelligence (AI) investments. Early investors have now earned 300% returns on their investments as the ICO transitions into its ninth stage.
Top altcoins to watch in 2024: InQubeta (QUBE) expected to surge 100x once launched
The solution InQubeta provides by making artificial intelligence investments easier for regular investors to reach positions the project for substantial growth as investor interest in the technology reaches an all-time high.
Mainstream investment options often come with net worth, income, or geographic requirements most people can’t reach. This denies them access to the investment opportunities available on these platforms while slowing down the stream of capital into companies that need it.
InQubeta is expected to emerge as one of the top DeFi projects around as it helps to advance AI by funding companies in the space by using a crowdfunding protocol to open up investments to its users.
Artificial intelligence has enjoyed a 1,000% increase in investments in the past several years and an additional $1.5 trillion is predicted to enter the sector by 2030. AI-focused cryptocurrencies like InQubeta are positioned for substantial growth because of this.
InQubeta looks to redefine how AI investments work
Investors don’t have to jump over hurdles to gain access to InQubeta’s investment space. Stocks are nowhere to be found on there, but non-fungible tokens (NFTs) serve the same purpose. AI startups secure capital by digitizing investment opportunities into these ERC20 coins and then selling them on InQubeta’s NFT marketplace.
The ecosystem also provides these companies with assistance to help get their companies going while giving investors all the tools they need to make educated investment decisions.
Investors can build generational wealth on InQubeta’s ecosystem acquiring equity and other rewards by buying NFTs or holding on to QUBE as its price grows. QUBE is now $0.028, but some analysts expect its prices to reach a couple of dollars in 2024.
Bitcoin (BTC) longs suffer massive liquidations before rebound
BTC’s long position holders have suffered massive liquidation in the past week, but shorts are now the ones feeling the squeeze as prices break the $70,000 resistance level. It appears BTC has started another bull cycle that will take prices substantially higher before its next halving event.
Injective’s (INJ) price has grown 7% in the past month
INJ’s growth has been slow in the past few weeks, after surging 900% in the past 12 months, but it remains one of the best DeFi projects around. It offers users one of the most diverse decentralized finance spaces that provides various services from spot exchanges to prediction models.
Monero (XMR) poised for a bull run
Monero hasn’t been a major beneficiary of the cryptocurrency boom that has unfolded over the past six months, but things are starting to turn around as it has enjoyed 12% growth in the last month. Its price could grow 3x as Bitcoin’s historic run leads to bullish attitudes in the broader cryptocurrency space.
Summary
XMR, BTC, INJ, and QUBE are top crypto coins to consider adding to your portfolio this year. QUBE has the most growth potential thanks to the AI investment solution it offers. Its price could surge as much as 10,000% in the next several months.
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