Some cryptocurrency traders now find themselves wondering if buying Bitcoin (BTC) is a good crypto investment given the massive pullbacks that have occurred since it set a new all-time high (ATH) at $73,750.
BTC's price has pulled back as low as $62,000 since then and it's now trading above the $65,000 support level. Larry Fink, the CEO of BlackRock, remains bullish on Bitcoin and he foresees the prices reaching $80,000 in the next couple of weeks before its April 19 halving.
Algorand (ALGO) competitorInQubeta(QUBE) is also expected to surge considerably as its presale has sold over 949 million tokens worth over $13 million. It's one of the most promising emerging cryptos around as it looks to increase the accessibility of artificial intelligence (AI) investments by creating an investment space in its ecosystem. QUBE's price is expected to surge by up to 10,000% once the presale ends and tokens are released on exchanges.
The success of InQubeta's presale shows it could be one of the best DeFi projects thanks to the solution it gives people looking to acquire equity in AI startups.
Going through traditional investment means is simply not an option for most people since they don't meet the net worth or income requirements many conventional investing channels come with. Many people don't earn $200,000 yearly, which is a minimum requirement to become an angel investor and gain access to emerging startups on traditional investment mediums.
InQubeta will grant everyone access to AI investments, freeing up the flow of capital into the industry while giving people the opportunity to earn generational wealth.
Here's the idea behind InQubeta's investment space:
AI startups submit documents and background information to determine if they are qualified to use the ecosystem
If approved, these firms get access to the marketplace where they can digitize the investment prospects they have to offer into non-fungible tokens (NFT). These tokens offer investors equity and other incentives
Investors read about the different firms using the ecosystem on the marketplace and buy equity in companies they think have the potential to innovate by purchasing portions of their NFTs. Investors get access to expert opinions and background information about each of the companies fundraising on the marketplace
ERC20 coins bought on InQubeta's marketplace can be resold at any time, giving investors lots of liquidity. The startups on the blockchain also get help on getting their companies up and running, like legal advice.
Investors also have the option to invest directly in InQubeta by buying and holding tokens. QUBE is worth $0.028 at the moment, but its price could reach $10 in the next few years.
BlackRock's CEO Larry Fink believes BTC's price will reach $80,000 before its next halving event as the iShares Bitcoin Trust (IBIT) emerges as the fastest-growing exchange-traded funds (ETFs) ever launched.
BlackRock has accumulated over 243,627 BTC that are valued at over $17 billion since the new asset class was approved in January. IBIT will control over $22.6 billion worth of BTC by the end of April, and that should help push BTC's price above $80,000.
Algo's price has dropped 12% in the past week despite being a top destination for creating decentralized applications. However, its price broke the $0.31 resistance level in March, making tokens cheap as they hold above the $0.24 support level.
QUBE, ALGO, and BTC are three of the best altcoins to invest in today. ALGO could bring investors short-term profits, but QUBE has the potential to surge 100x once released on exchanges.
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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.