As investors continue to pump more money into Bitcoin (BTC) exchange-traded funds (ETFs), the proof-of-work crypto project has become one of the highest-grossing assets in the world.
With the investor sentiment post-BTC ETF showing no signs of ebbing, analysts suggest that Bitcoin will be rallying higher in the coming months.
The only development in the crypto sector to take users' minds off Bitcoin has been InQubeta's (QUBE) phenomenal rise.
The platform opens up the startup investment space for regular crypto users through a transparent NFT model and is being seen as a competitor for names like Litecoin (LTC).
InQubeta has been revamping the startup sector by encouraging cryptocurrency users to pour more funding into AI innovation. The platform helps startups find investors for their AI projects and businesses support to scale them.
With a presale funding that crossed $11.9 million recently, it is being considered as one of the best new ICOs of the year.
The Ethereum-powered platform tokenizes investment proposals into NFTs that can be accessed from anywhere in the world. Crypto users can buy these NFTs and own a share in a startup's equity. The startup will use the sale proceeds from the NFTs to innovate with AI.
The NFTs are bought using InQubeta's native cryptocurrency, the QUBE token, which is used for all kinds of transactions on the platform.
One of the most popular ways to earn with the QUBE token is through staking it. Staked tokens are locked in liquidity pools and are used for securing the network. They amplify on-chain liquidity and aid the blockchain's expansion.
For as long as a token is staked, the owner will keep earning rewards. InQubeta maintains a separate reserve to give out staking rewards and the pool is funded by tax collections.
Hailed as one of the best cryptos in the ERC-20 category, the QUBE token plays a crucial role in the platform's governance. Token holders review and discuss proposals for protocol upgrades and new features.
These proposals are put to a vote where only token owners can participate. Using their discretion, the community members can keep unwanted changes away and ensure the platform's optimal growth.
Litecoin is a high-performance cryptocurrency that is used for making secure digital payments. Its native token LTC is the official medium of exchange on the Litecoin network.
The top altcoin recently hit the headlines after it emerged as the most preferred token for payments on the crypto exchange Bitpay. As per reports, the LTC token accounted for 41% of Bitpay's transaction volume.
Bitcoin is a cutting-edge cryptocurrency that facilitates seamless cross-border payments. Transactions with its native token BTC are confirmed through a consensus protocol.
The token has been rising continuously and analysts suggest that factors like the launch of BTC ETFs, higher institutional adoption, an upcoming halving event, and speculation of rate cuts are likely to extend its gains.
The Bitcoin price recently dropped from $73,000 to $67,200 analysts have cited seven reasons why it's likely to rise more. The first among them is the uptick in institutional adoption with the launch of spot ETFs.
The second factor would be the rise of central bank digital currencies. Governments are increasingly looking to leverage Bitcoin to strengthen their financial sectors.
The other reasons include Bitcoin's upcoming halving event, correlation with gold prices, corporate adoption, expectations of lower rate cuts, and the popularity of the cryptocurrency as a hedge against inflation.
In a related development, rapper French Montana recently got one of his songs engraved on Bitcoin. To launch the Bitcoin Ordinal, Montana chose to go with the BRC-420 protocol.
Bitcoin, InQubeta, and Litecoin have been ruling the crypto popularity charts with their strong growth trajectories. Their potential makes them top crypto to invest in and helps them generate global interest.
According to analysts, the tokens' growth is a result of sustained innovation and partnerships. Bitcoin has been rallying as crypto ETFs generate billions of dollars worth of investor inflows.
For Litecoin, its sustained growth has led to it becoming a leading crypto payment solution. In InQubeta's case, its presale success and AI-centric model have helped it carve a niche in a highly competitive market.
A key USP common among them is a robust security framework which has been examined by some of the best blockchain audit firms in the world.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.