Bitcoin (BTC) has had its ups and downs, but a recent presentation from top crypto analyst Willy Woo speculates a huge price drop. According to Woo, Bitcoin tops the decentralized cryptocurrency list not only by popularity but also as a coin that has never retested its price support levels. He further explains his analysis, highlighting the 8 for 8 on-chain pattern so far.
The journey to prominence is also successful for the upcoming AI crypto, InQubeta (QUBE), threatening to overthrow Chainlink’s (LINK) dominance. Sam Altman’s departure from his position as CEO of Open AI caused a surge in the news regarding the artificial intelligence industry, causing interest in several AI-centric tokens to surge. While Chainlink prices soared, more investors are excited about the potential InQubeta brings to the crypto space with its trending NFTs. This article explains Woo’s reason for projecting Bitcoin’s floor price while exploring InQubeta’s features that could put it above Chainlink in the long run.
InQubeta (QUBE): The Revolutionary AI Project
InQubeta is an upcoming blockchain ICO with affiliations with the AI industry. This token is drawing investors’ attention away from Chainlink with its revolutionary model and incredible potential. InQubeta emphasizes the power of crowdfunding by offering a platform where investors can hold equity in AI tech startups and raise funds for their growth. This structure uses trending NFTs to provide fractional investments minted on the blockchain, which token holders can invest in for the long term.
Its native token, QUBE, is thriving in its presale journey, attracting institutional investors and AI enthusiasts. The project is in stage five of its presale and has raised over $5.2 million, selling about 527 million tokens. Only about 15% of the tokens allocated for this stage remain at a DeFi coin price of $0.0161 apiece, after which the cryptocurrency is set for a price increase to $0.01925 in the sixth stage. Investors seeking high returns amid versatility can enjoy nearly 100% from this stage against a potential list price of $0.0308.
The blockchain ICO offers a staking mechanism where holders can stake their tokens to earn returns from a pool funded with a 5% tax on transactions. By engaging in this protocol, investors would help raise the tokens’ price by reducing supply and increasing demand.
The project also fosters community by giving token holders governance rights to contribute to decisions that can propel the project forward. With its impressive potential, InQubeta tops the decentralized cryptocurrency list, threatening Chainlink’s supremacy.
Bitcoin (BTC): Maintaining Flawless Price Support
Bitcoin has experienced great volatility recently, but its anticipated floor is set at a DeFi coin price of $30k. Willy Woo, an on-chain analyst on X, shared this prediction, informing his over 1 million followers of the BTC’s stance based on historical trends. He presented a cost-basis map of BTC, emphasizing the coin’s need to maintain this on-chain pattern for the prediction to hold.
Willy explored a contour map of Bitcoin supply over the past 13 years, highlighting the coin’s price discovery concerning the prices holders paid to purchase their tokens with a gray band. According to his analysis, the band operates as flawless price support, with eight values the token has never retested. Woo insists that BTC will never fall below the $30K mark again if it follows the pattern. This pattern revolves around three conditions: strong bands of agreed value, emergence from a bearish trend, and another halving event.
Chainlink (LINK): Delving Into AI Technologies
Chainlink is a revolutionary cryptocurrency that enables the universal connection of smart contracts. The Oracle project encourages secure communication between these smart contracts and data feeds, helping them access necessary off-chain information. LINK has been revolutionary in the crypto space but has been titling towards AI applications within its platform.
Following the OpenAI news over the weekend, LINK rose over 7%. By integrating AI into its model, Chainlink can make the identification of data easier on its platform. Microsoft quickly snatched up Altman so more news could still develop in the industry, causing AI tokens like Chainlink and InQubeta to surge further.
Conclusion
Bitcoin has come far from its last major crash, holding a potential floor price of $30k. If Willy Woo’s predictions hold, the crypto project will maintain this pattern if it meets the necessary conditions. InQubeta, on the other hand, exceeds expectations, offering potential that threatens the dominance of Chainlink. As a revolutionary AI token, InQubeta paves the way for AI-driven crowdfunding, allowing investors to benefit from fractional holdings.
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