As Analyst Warns of Potential Bitcoin Crash, Investors Add this New AI Altcoin to Their Portfolio
Bitcoin (BTC) has had an eventful past few months where its price has skyrocketed due to heavy buying. The launch of Bitcoin ETFs and an approaching halving event are among the key reasons that have bolstered the cryptocurrency’s price.
While ETFs paved the way for higher institutional adoption, the halving of Bitcoin miner rewards is likely to tame the token’s internal inflation.
Amid the optimism, there is a section of analysts who are warning of a potential crash in Bitcoin prices. The most recent of them is analyst and 10X Research Founder Markus Thielen, who feels that Bitcoin may turn bearish because of low chances of rate cuts in the US and weaker bond yields.
Given the rising concerns, crypto users have started their search for new altcoins to add to their portfolios.
One of the top favorites is InQubeta (QUBE) – an Ethereum-based platform helping AI startups with fundraising. The platform has received a warm welcome in the market due to its inventive model. The rising investor interest was reflected in its presale stages which ended in April after raising more than $13.6 million.
InQubeta: An AI-led crypto project for startups
InQubeta has created an online marketplace where NFTs representing equity and rewards in AI startup projects are bought and sold. The mechanism allows for seamless investments and the buyers get a share in the startup’s equity for their funding.
The lone mode of payment in the digital marketplace is InQubeta’s native coin, the QUBE token.
InQubeta’s ability to help startups is not limited to crowdfunding. It can connect these budding enterprises to a vibrant community of professionals from different fields like finance, AI, and marketing, among others.
Through their interactions, startups can find mentors to understand what it takes to make it big in the AI industry. They can bank on the community to help them with branding and marketing.
The QUBE token is also being praised for its potential to increase holders’ generational wealth. The ERC-20 coin be staked, so that its owners can earn steady passive returns.
Under staking, tokens are locked in liquidity pools and used as rewards for validators who secure the network. As the network becomes safer, its growth also increases.
Considered to be one of the best altcoins for 2024, the token is a deflationary asset which makes it ideal for staving off the impact of inflation on a portfolio.
The mechanism mandates that the token supply be lowered when markets are volatile so that price fluctuations are minimal.
InQubeta also offers marketing support to budding AI startups. New entrepreneurs can also seek mentorship from veteran players in the industry.
Google searches about Bitcoin halving skyrocket
Bitcoin is a top crypto to invest in given its steady rise and continued dominance over the DeFi market. The proof-of-work cryptocurrency rallied after BTC ETFs took off in the US.
Launched in January, several ETFs had debuted in the markets, and by April, the funds had collectively raised over $12 billion in inflows.
Despite the optimism around the BTC token, some analysts fear that Bitcoin might crash as the chances of a US Fed rate cut remain bleak and bond yields have been tepid.
Experts are pinning their hopes on Bitcoin’s upcoming halving event to salvage the situation. Held every four years, the event involves halving miner’s rewards.
On April 18, 2024, the number of Google searches on ‘Bitcoin halving’ reached a new high with countries like the Netherlands, Switzerland, Cyprus, and Nigeria contributing majorly to the searches.
Conclusion
The journey of Bitcoin and InQubeta to the top has been quite eventful where the two tokens have soldiered through challenging market conditions.
The two cryptocurrencies have had a promising track record where they have clocked many records. Analysts, who have been monitoring the coin’s trajectory, feel that these coins could potentially yield a high-growth portfolio for the long term.
For Bitcoin, growth drivers like the rollout of BTC ETFs in the US and a halving event have expanded its user base. In InQubeta’s case, the cryptocurrency has catalyzed the DeFi ecosystem with an AI-driven asset.
The QUBE token leverages the growth of AI and gives crypto users opportunities to walk with the times. The stellar performance of InQubeta’s cryptocurrency ICO shows that the market is ready to explore new-age cryptocurrencies that give technological advancements their due credit.
QUBE is listed on Uniswap and MEXC exchanges currently. The team is committed to adding the token to more exchanges in the future for the benefit of users around the world.
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