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Ethereum (ETH) is one of the best altcoins to buy right now as its prices set a new yearly high after breaking the $3,500 resistance level. Prices have now pulled back to around $3,400 and more growth is expected given how far prices are from its historic all-time high (ATH) at $4,772.
Some of the key factors responsible for Ethereum’s recent price surges include the yearly high recently set and the possibility of Ethereum spot ETFs being launched in the coming months.
Polkadot (DOT) competitor InQubeta (QUBE) is also getting lots of investor interest as its presale sells over $10.6 million worth of tokens. QUBE prices have surged 250% in the past year and prices are expected to surge as much as 10,000% in the next several months.
DOT prices haven’t been able to keep up with QUBE’s gains in the past 12 months, with only 33% growth. However, it’s still a good crypto to buy given the demand for the services its protocol provides by connecting blockchains so data and assets can be transferred.
InQubeta (QUBE) is dubbed the best new cryptocurrency to invest in
2024 will most likely be an excellent year for many cryptocurrency investors given the exponential growth the Bitcoin boom is expected to lead to. InQubeta’s presale started when bearish attitudes dominated the cryptocurrency space, but that didn’t stop it from flying past its initial $10 million funding goal. Over $10.6 million has now been raised and there are still two more stages to go before the ICO ends.
InQubeta’s innovative plan to connect investors with AI startups has made it stand out to investors who see the substantial role it could play as the artificial intelligence revolution unfolds. Startups get to mint reward and equity-based investing opportunities into non-fungible tokens (NFTs) on InQubeta’s Ethereum-built platform.
These tokens are sold in exchange for QUBE on the NFT marketplace, allowing anyone in the ecosystem to securely purchase equity in AI companies.
Investments in artificial intelligence have grown 1,000% since 2015, moving from $12 billion then to over $120 billion now. An additional $1.5 billion is projected to stream into AI in the next several years. InQubeta’s investment space will be right in the mix, directing capital to startups by providing more accessible investment opportunities than mainstream avenues offer.
Early QUBE investors are positioned to enjoy tremendous gains as tokens are expected to reach as high as a dollar when launched. QUBE currently goes for $0.0245, and it’s one of the best crypto investments to build generational wealth.
Key factors to watch out for as Ethereum (ETH) prices surge
The US Securities and Exchange Commission (SEC) greenlighting Bitcoin spot exchange-traded funds that satisfied its ETF acceptance criteria is one of the factors driving the ongoing cryptocurrency boom. Some crypto experts expect Ethereum spot ETFs to be launched in May 2024. Given Ethereum’s current momentum, new highs will likely have been set before that occurs.
Ethereum’s upcoming Dencun upgrade in March is another factor driving its prices upward. The upgrade will free up its blockchain and help to reduce transaction costs.
Bitcoin (BTC) growth is partly responsible for some of the growth many altcoins, like Ethereum, have recently enjoyed. Prices recently came within 10% from its ATH, and it’s expected to set new highs in the coming days as investors continue to bet big on it.
Polkadot (DOT) prices surge 20%
Polkadot helps to improve the capabilities of decentralized applications and serves as the framework for several Web 3 services. It’s not likely to outperform BTC or QUBE, but its investors could earn significant returns.
Summary
QUBE, BTC, and DOT should be on your list of cryptos to invest in. QUBE is positioned to enjoy the most growth thanks to the solution it intends to provide in the decentralized investment space by making AI investments more accessible.
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Source: https://finbold.com/key-factors-post-ethereums-3-5k-surge-polkadot-competitor-draws-big-investors/