Bitcoin

Examining Bitcoin’s Potential 360% Jump After ETF Debut; Kaspa and InQubeta Identified as Prospective 2024 Standouts

Market Trends

Bitcoin is in the headlines and many are comparing it to the gold ETF period which resulted in some huge gains, following the SEC decision on Bitcoin ETF. Plus, we'll be covering the unique Kaspa, and the ever innovative InQubeta which has become a mainstay in the crypto AI narrative.

Will BTC Pump Soon?

Bitcoin has been going lower after the ETF launch, much to the dismay of many investors. People are going so far as to say that this entire debacle was a sell the news event and BTC may go down to test resistance at the $37k mark. 

With that being said though, there is definitely still potential for the crypto giant, especially if we compare it to the gold ETF that was launched back in 2004.

Indeed, the gold ETF took a while to get started, and gold only started gaining significant momentum 4 years later, then it went parabolic. Now, we aren't saying BTC will take that long to pump, far from it. All we're saying is that a short price recalibration period before a pump may not be far from the norm.

Kaspa Is A Hidden Gem To Watch Out For

Kaspa has generated a lot of hype in recent weeks with many calling it one of the top altcoins that are out currently. The most obvious difference between Kaspa and traditional blockchains is their use of GHOSTDAG, which is a proof-of-work consensus protocol. Instead of orphaning blocks created in parallel, GHOSTDAG allows these blocks to coexist and orders them in consensus.

This process also allows Kaspa to circumvent the 'traditional security-scalability-decentralisation tradeoff' of blockchains by allowing them to improve on block rates, all whilst maintaining the 'security guarantees of Bitcoin'. 

The project has positioned itself as a 'scalable generalisation of the Nakamoto Consensus' , which is 'faithful to the principles Satoshi embedded into Bitcoin'. Kaspa prides itself in being a community project – KAS was distributed via fair launch, and the project's marketing materials maintain that Kaspa is a fully community-governed and community-funded project.

InQubeta Steamrolls Past $8 Million Milestone

In the past 30 days, one of the upcoming top defi projects, InQubeta (QUBE), has posted impressive gains in the current market and even continues to show indicators that more growth may very well be on the horizon. It has already raised over $8.3 million in its ongoing presale. As the market shows more signs of heating up and turning more bullish than ever, investors are now looking to find new NFTs and defi companies to grow their capital. 

When discussing exponential growth, we can't help but also mention InQubeta, which has grown exponentially in recent months. InQubeta, often regarded as the best crypto for AI investments, has revolutionised the world of crypto crowdfunding and AI. It offers a unique crypto crowdfunding platform that enables fractional investments in AI startups using its native QUBE tokens – which are deflationary ERC20 tokens created by InQubeta.

If you're an investor who's wondering which crypto to buy today for long-term growth, you should definitely consider InQubeta. The overall goal is to bridge the gap between investors and AI startups, making AI technology investments more accessible and transparent for everyone. By leveraging blockchain and smart contracts, they intend to create a secure and efficient investment process.

Conclusion

All in all, we don't think it's time to be bearish on Bitcoin. There will surely be more and more adoption now that the first wave of ETFs were approved, it just might take longer than expected. Plus, in the meantime, we have hidden gems like Kaspa and InQubeta which are huge projects in their own right, making waves themselves too.

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