Some decentralized finance (DeFi) coins are witnessing increasing volatility. Various exchange platforms have recorded liquidations of over $130 million in short positions following the rise of Bitcoin's (BTC) DeFi coin price to over $51,000. For a while, there has been unstable investor sentiment toward BTC, but this surge in its value rewarded those who anticipated a price uptick.
The altcoin market benefits significantly from this price movement as a potential Decentraland (MANA) and Akash (AKT) competitor called InQubeta (QUBE) prepares for a massive surge. This upcoming ICO offers a surging presale and promising returns. The AI-centric project merges the artificial intelligence and blockchain industries, providing investors with a platform to crowdfund and support the growth of AI tech startups.
This article explores Bitcoin's price surge and its effects on Decentraland, Akash, and InQubeta.
InQubeta is an innovative project offering the first AI crypto crowdfunding platform on the blockchain. The platform introduces a fractional investment system that allows token holders to buy, sell, and trade digital assets. These trending NFTs (non-fungible tokens) represent utility in AI startups minted into fractions to support investors of different classes and portfolio diversity.
The ongoing QUBE presale surpasses expectations thanks to its utility and strong standing in the crypto community. The project is rounding up the seventh stage of its ten-stage presale, with less than 7% of tokens remaining for the stage. So far, InQubeta has sold over 800 million tokens and raised over $9.9 million, with the project rapidly heading towards a milestone of $10 million.
Other than trading trending NFTs, InQubeta features other profitable avenues. For instance, QUBE holders can stake their tokens to earn rewards from a staking pool. This crypto is also a governance token that lets its holders discuss, propose, and vote on new implementations on the platform. With a DeFi coin price of $0.0224, the token tops the decentralized cryptocurrency list as a great project to buy at discounted rates with high expectations for growth.
BTC is leading the rally in the crypto market as its price exceeds $51,000, disappointing traders who anticipated a price drop. Some of such traders have lost their positions as Bitcoin records liquidations of over $93 million. Data from Coinglass shows that about $79 million of the liquidity wipeout was BTC shorts.
BTC's price rise has pushed the global cryptocurrency market capitalization past $2 trillion. Predictions for a bullish rally are coming in as investor sentiment turns optimistic. This ATH was last seen in April 2022, indicating that the bull run would deliver substantial returns. Bitcoin has appreciated by over 21% in February.
The gaming token market is witnessing significant gains, with Decentraland surging about 7% in the past week. This crypto is turning heads as a leading player in NFT and gaming on the blockchain. Its virtual reality platform allows holders of the MANA token to buy, build, and monetize digital real estate in the metaverse.
Decentraland attained its ATH of $5.9 in November 2021, and since then, the token's market value has fluctuated, but now hovers around the $0.5 mark. Analysts are confident that the token will experience a massive surge in the ongoing bull run. A potential surge to cross the $1 milestone has been predicted for MANA as the market swings upwards.
Akash, a top altcoin offering an open-source marketplace for cloud services, is gaining traction. The project aims to enhance efficiency, speed, and affordability while improving the utilization of cloud computing services. The platform's flexibility stretches to healthcare data management and a recent collaboration between AKT and Solve.Care would decentralize patient data and integrate the blockchain, improving security.
The token is set to experience a massive surge as AKT maintains a green chart. It has outperformed 94% of the top 100 tokens on the crypto list in the past year, rising by over 570%. Following the announcement regarding its entry into the healthcare industry, Akash has witnessed a 6.41% intraday increase in its market value.
Bitcoin's upsurge has rippled throughout the entire market, influencing rising crypto prices and the liquidity of several short positions. Top altcoins like Decentraland and Akash are also progressing, delivering significant returns as their market values increase. The enticing propositions of InQubeta have taken it atop the decentralized cryptocurrency list, offering an impressive initial coin offering stage with a 340% return on investment.
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