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After months of witnessing heavy buying, the euphoria around Bitcoin (ETC) ETFs appears to be wearing out. The spot ETFs were launched in the US after a landmark decision by the country's regulatory authorities.
Their debut was as an institutional validation for cryptocurrencies and guaranteed more regulated access to the assets. The move also benefited the performance of Bitcoin, one of the top crypto coins.
While crypto enthusiasts cheered their launch, many critics claimed the development could spark concerns of potential manipulation. A section of experts also believe that crypto ETFs could lead to a wealth redistribution where the less informed would be at odds.
The negative outlook on ETFs contrasts with the rising interest in AI-led altcoin InQubeta (QUBE). The platform provides AI-driven investment opportunities to crypto users and has a decentralized model of operations. The emerging crypto stunned the market with its phenomenal presale success – over $13.6 million was raised.
On InQubeta, all transactions and payments are made with its native coin, the QUBE token. The coin's 1.5-billion supply is divided between different use cases, with public sales being a priority.
The team has kept just 35% of the tokens for itself to meet overheads like marketing, legal, and developer-related payments.
The bulk of the supply was sold during the presale stages. Despite this, the QUBE token's supply may not always be the same. The coin is built on a deflationary model which cuts down the supply depending on market conditions.
The more volatile the market, the lower would be the supply. The deficient supply helps in pulling up the asset value while reducing price fluctuations.
Even if the supply does increase, it's reduced again by burning the unwanted tokens and removing them from circulation. The feature makes InQubeta one of the best altcoins to buy now for anyone eyeing long-term gains.
If there's an important decision to be taken, InQubeta ensures that all community members get a chance to express their views. It facilitates this with a decentralized autonomous organizations (DAO) model.
The proposals for changes or suggestions are reviewed by the entire community before being put to a vote. Only token holders are allowed entry to the voting process and the vote's outcome determines if a proposal can be implemented.
Bitcoin is a good crypto to buy for anyone who enjoys the simplicity of a DeFi asset. With a fuss-free interface, its native token BTC is used for making secure and quick international payments. These transactions are then confirmed with the proof-of-work protocol for added security.
The BTC token has had an eventful year so far, thanks to the success of spot ETFs in the US. These financial products have been attracting unprecedented inflows as they offer a more regulated exposure to cryptocurrencies. However, despite their success, a section of analysts have been critical of the funds citing concerns like potential exploits.
Another reason that has helped Bitcoin move ahead is its halving event, which is due in April. The activity will reduce miners' rewards by half as a means to control internal inflation.
In a recent development, Core Chain, a layer 1 network built on Bitcoin, is enabling BTC holders to stake the token. The blockchain has made this possible with its hybrid consensus mechanism 'Satoshi Plus' – a cross between the proof-of-work and proof-of-stake mechanisms.
InQubeta and Bitcoin are among 2024's best crypto investments because of their consistent performance. These tokens promise their holders financial independence with transparent mechanisms that are shielded by robust security frameworks.
The evolution of these coins represents how DeFi solutions are tapping into technology to make crypto assets suitable for different user groups.
A pertinent example would be the BTC ETFs which drew positive investor inflows for months after their rollout. Despite some critical opinions, many view the investment products positively. Plus, recent developments like Core chain making staking the token easier are being seen as a major growth driver for Bitcoin.
The way AI has made its impact felt across sectors, there's no going back now. InQubeta is tapping into the potential of AI while creating a new use case for an otherwise ignored user group – startups.
While startups get a regular source of funding, InQubeta users become stakeholders in the former's success story. The cryptocurrency has made waves globally and is currently available on exchanges like Uniswap and MEXC.
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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.
