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Bitcoin (BTC) price is expected to rise significantly if it can sustain above the $71,000 support level heading into the April 19 halving event.
All previous Bitcoin halving events have led to the price reaching an all-time high (ATH), but this time things are a little different with the introduction of spot exchange-traded funds (ETFs).
The world's most traded cryptocurrency has set new ATHs multiple times since the ETF was launched in January. The new asset class has increased BTC's market capitalization by over 100%. ETF approval is one of the biggest milestones cryptocurrencies have crossed since their inception, as it will allow institutional investors to pump trillions of dollars into the space.
Bitcoin broke above the $71,000 resistance level for the second time after setting a new ATH at $73,750. It has since fallen slightly, but is still trading above $70,000. Some analysts believe this is a sign that Bitcoin could enjoy the much-anticipated exponential growth that investors have been talking about for the past six months, with the price reaching 16% by the end of 2024. He says it could exceed $10,000.
One of the top DeFi coins, InQubeta (QUBE), is also expected to peak quite a bit later this year when the token is launched. The pre-sale of the emerging cryptocurrency has already brought in more than $13.4 million, less than $2 million compared to the $15 million that Binance Coin (BNB) raised during its initial coin offering.
InQubeta’s potential 10,000% surge
InQubeta plans to demonstrate the utility of non-fungible tokens (NFTs) by using these ERC20 coins to create a crowdfunding-based investment system. The goal is to make investment opportunities in the artificial intelligence (AI) space more accessible to investors around the world.
Since InQubeta is a blockchain launched on the Ethereum (ETH) network, it provides the ability for users to create NFTs within that ecosystem. These tokens will replace equity in InQubeta's investment space and serve a similar role.
AI startups allowed to use InQubeta's crowdfunding space secure funding by tokenizing their investment opportunities into these ERC20 coins and selling them to investors on the NFT marketplace. Investors can resell these tokens whenever they want to cash out or hold them for the long term.
Buying QUBE and holding it for the long term is another way for investors to earn exponential returns on their capital. The token will sell for $0.028, but some analysts expect it to be worth several dollars once released on exchanges. The success of InQubeta's pre-sale indicates that InQubeta has the potential to become one of the top 10 cryptocurrencies by market capitalization in the coming years, and investors stand to gain generational wealth.
Bitcoin (BTC) trading volume surges by 65%
Bitcoin trading has risen significantly in recent days. Its price recently broke through the $71,000 resistance level before pulling back slightly as investors look to snap up the token ahead of the April 19 halving event. Indicators such as BTC’s 10-day momentum at 1,851 indicate that the price could surge further in the coming days and set a new ATH before the April 19 halving.
The launch of exchange-traded funds in January allows institutional investors to profit from BTC price movements and access them through traditional investment accounts. The new asset class is predicted to bring in $5 trillion to the cryptocurrency market by the end of the year, and even more money in the coming years.
Some, like Ark Invest founder Cathie Wood, think the price of BTC could exceed $1 million thanks to the funds brought in by ETFs.
If you are wondering which cryptocurrencies to buy, BTC and QUBE should be on your list. While the price of BTC should double by the end of the year, QUBE could enjoy as much as 100x growth as it provides investors with investment prospects.
To learn more about this project, visit the InQubeta presale website or join the community.unity
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