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After ending 2023 on a spectacular note, Bitcoin (BTC) might be headed for a downward turn. A section of analysts recently aired their fears that Bitcoin might retreat to $40,000 in the coming months.
The speculation about Bitcoin’s prospects contrasts the optimism around InQubeta (QUBE), which is an AI-driven altcoin.
The platform connects startups working on AI-based innovation with investors and has emerged as one of the best crypto investments of the year. Its current presale funding stands at $8 million, but analysts feel that it has a chance to cross $20 million by the end of this year.
InQubeta: Riding the AI wave with DeFi solutions
InQubeta is an accessible platform that makes raising funds less of a chore. It combines the potential of Ethereum with AI to create an ecosystem of empowered startups. These young enterprises can find the required funding without hassles to foray ahead.
The platform’s native cryptocurrency, the QUBE token, is used for all payments and rewards. The token is a great asset that can soldier on even in tough market conditions.
When inflation is high, its deflationary character kicks in to avoid fluctuations in token price and demand. If the inflation rises, the model lowers supply to make it less available. The lack of parity between demand and supply will boost the asset price and keep the demand steady.
To keep up with advancements in technology, InQubeta has a policy of reinventing itself through protocol changes. The proposals for these new additions or changes are first assessed by the community, and then all stakeholders vote for them. A proposed change will be implemented if all token holders are on board.
The decentralized governance structure ensures that its users are encouraged to participate in its operations and do all they can to ensure its development.
To enable transparent interactions between startups and investors, InQubeta has set up an NFT marketplace that also allows fractional investments. Each NFT represents a startup project, and it entails details of how investors can gain with it.
Investors can compare and evaluate different options before choosing a startup project. Once they purchase it with QUBE tokens, the amount is transferred to the startup.
But that’s not all that InQubeta can do for startups. It offers an array of services that can help startups with business development, promoting their brands, and maneuvering their way through legal tussles. If you are a startup with plans for global growth, InQubeta is among the best altcoins to buy now.
Its most popular services include mentorship and guidance for young innovators. Through InQubeta, they can interact with experts from the AI industry to learn more about the sector and its challenges. They can also gain insights from these experts’ experiences.
Next, startups can benefit from the legal and accounting support offered by InQubeta. If legal jargon and tax planning are not exactly your forte, you can approach trusted advisors who can help you navigate through these challenges and avoid potential risks.
Another area where InQubeta can guide a startup is marketing. It has an extensive network of professionals from multiple industries. By tapping into this network, startups can connect with industry professionals, investors, and AI patrons.
They can also use the platform’s social media channels to get the word out there about their brand, helping them gain an edge over their competitors and grow their network.
Goldman Sachs is in talks with BlackRock to become an authorized participant for its Bitcoin ETF
Ranked among the top crypto coins, Bitcoin is a decentralized asset used for secure online payments. Its native token, BTC, determines all transactions that are authenticated using the proof-of-work consensus protocol.
Bitcoin has seen a significant rise in its popularity due to the enthusiasm for upcoming spot exchange-traded funds (ETFs). The Bitcoin ETF approval has the potential to take cryptocurrency to a larger audience who leverage it without buying it.
BlackRock, Grayscale Investments, and ARK Invest are among the companies that have expressed interest in launching Bitcoin ETFs and have filed applications with the US SEC.
According to recent reports, global investment bank Goldman Sachs is believed to be in talks with BlackRock to act as an authorized participant in its proposed ETF.
However, the delays in the approval of ETFs might lead to BTC revisiting the $40,000 level, as per some experts. This scenario may provide another opportunity for loyal holders who are interested in accumulating Bitcoin for the long term.
A quick rebound from the $40,000 level is also on the cards as institutional money inflows after ETF approval could help in pushing BTC prices to the moon.
Conclusion
The combination of simplicity and user-friendly frameworks is what makes Bitcoin and InQubeta good cryptos to buy. These tokens have outperformed popular names with their focus on what crypto users want and simplifying their user journeys.
When it comes to security, these cryptocurrencies leave nothing to chance. Their robust code architecture is supported by security mechanisms that are audited regularly.
If 2024 is the year when you want to do big things with your portfolio, make sure you are not forgetting about these two outstanding tokens.
Visit InQubeta Presale
Source: https://finbold.com/speculation-suggests-bitcoin-might-revisit-40000-level-and-inqubeta-presale-might-reach-20m/