Analyst Finds Evidence Of Bitcoin’s Surge To $100k; A Strong Challenger Emerges For Chainlink
Lark Davis made bold projections for Bitcoin (BTC), suggesting its DeFi coin price might surge to $100,000 this year. Davis supported his predictions with evidence, uncovering concrete data rather than speculative assertions. On a different front, amid renewed hype around artificial intelligence (AI), InQubeta (QUBE) has triggered optimism among investors thanks to its unique proposition and anticipated rally upon launch, threatening to outshine Chainlink (LINK) in the long run.
InQubeta is in its seventh presale stage for its native token, which is selling out fast, raising over $10.2 million. This decentralized finance (DeFi) project, supported by AI and blockchain technology, utilizes trending NFTs to offer a distinct cryptocurrency investment venture. The following sections detail the potential of InQubeta as a strong challenger to Chainlink and Davis’ evidence of Bitcoin’s price upsurging to $100,000.
InQubeta (QUBE) Drives AI Adoption
InQubeta, with its fresh approach to AI investments, links visionary investors with budding companies. The project allows AI startups to pool capital by minting investment opportunities within the platform’s custom-built non-fungible token (NFT) marketplace, providing investors equal access to such innovative ventures. When investors buy these trending NFTs, they are not just backing promising projects; they have a share in the startups and will gain rewards from their success.
QUBE is a deflationary token with a 2% buy and sell tax sent to a burn wallet to keep the supply in check and a 5% tax allotted to a dedicated rewards pool to encourage long-term holdings. This emerging crypto also doubles as a governance token, empowering its users to enhance the platform actively by proposing, discussing, and voting on crucial decisions. This democratic model ensures that QUBE owners have a sense of ownership and collaboration in the InQubeta ecosystem.
So far, the ongoing InQubeta presale has attracted more than $10.2 million in investments. InQubeta sells at a DeFi coin price of $0.0224, with special perks for early investors and an expected increase to $0.0255 by the eighth stage. There are already over 814 million QUBE tokens in circulation, showing the heightened interest in the project and contributing to the expectation of a massive bullish rally once the project goes live.
Bitcoin (BTC) Price Will Hit $100K – Crypto Expert’s Bold Prediction
Lark Davis’ bold projections for Bitcoin suggest an uptick to $100,000 in 2024, potentially reaching $150,000 or beyond. He explained the mathematical underpinnings of Bitcoin’s upcoming halving event in April to reduce the crypto’s daily production from 900 to 450 BTC. This significant decrease in supply, coupled with increasing demand, particularly from Bitcoin ETF (exchange-traded fund) products, sets a bullish backdrop.
Inflows into Bitcoin ETF products have recently surged, reaching $500 million per day. The US-listed spot Bitcoin ETFs are absorbing significantly more BTC from the market than miners are producing by a staggering tenfold. Davis points to this imbalance where strong demand outstrips supply and projects substantial inflows into Bitcoin throughout 2024. Davis also discussed additional catalysts driving Bitcoin‘s upward trajectory, including potential ETF launches in Hong Kong and South Korea.
Chainlink (LINK) Records Massive Sell-Off
CoinTurk reports that the price of Chainlink experienced a drop of over 5% on February 21. The market’s focus on the $25 mark for the altcoin could mean a shift in plan due to this pullback. Although LINK was not the only token to see a price drop during this same timeframe, within the top 20 cryptocurrencies by market ranking, Chainlink was the second-worst performer.
Etherscan recently revealed that a transfer of LINK tokens worth $46.5 million was made from BlockFi to the Kraken exchange. Additionally, there were other factors contributing to the drop in LINK’s price. According to Santiment data, Chainlink‘s trading volume has risen to about $570 million, indicating significant trading activity in buying and selling. Despite the price drop, the continuation of volume increase could lead to LINK retracting to as low as $17. Conversely, if the price moves towards $20, a subsequent move to $25 could be reflected in the charts.
Conclusion
A top analyst makes solid predictions for Bitcoin to reach $100,000 in 2024, with proof from supply and demand dynamics. InQubeta’s focus on making it easier for individuals to invest in AI ventures opens up new avenues to get involved with the latest technology and even see massive gains. This emerging crypto challenges established blockchain platforms like Chainlink as it’s all about making cryptocurrency investment more inclusive and dynamic, and that’s an exciting prospect for the future.
