Bitcoin Reaches $43K as Gold Eyes Record High; InQubeta Presale Exceeds $6M
In Brief
Bitcoin’s price surges past $43,000, while the InQubeta (QUBE) DeFi project gains traction with a successful $6.3 million presale, offering an unrestricted alternative for AI investments.
Buying up Bitcoin (BTC) might be the best crypto investment you can make right now as its prices break the $43,000 resistance level thanks to bullish momentum that has lasted a couple of months.
This brings BTC prices to the highest they’ve been all year, while the price of gold also reaches a record high of $2,135.40. Gold’s recent price surge is mainly credited to the growing uncertainty worldwide. Many investors view gold and Bitcoin as hedges against inflation, increasing the demand for them as markets worldwide struggle.
InQubeta (QUBE) has also been generating lots of attention lately as its presale raises over $6.3 million. The new DeFi project intends to provide an alternative medium investors can use to invest in artificial intelligence (AI); one that doesn’t come with income or geographic restrictions.
InQubeta touted as the best crypto investment to make now despite BTC’s price surge
InQubeta is the first crypto project to focus on creating an alternative way to invest in AI and this much-needed solution positions it for substantial growth as the artificial intelligence revolution unfolds. Easier access to funding means more capital for AI startups, helping to push the technology forward.
AI is everywhere around us these days from search engines using AI to deliver more pertinent results, to Amazon using humanoid robots for manual labor tasks at one of its warehouses. InQubeta now makes it easier than ever to invest in some of the AI startups popping up today to position yourself to earn substantial profits as these firms reshape industries and services.
Here’s how InQubeta uses an Ethereum-launched blockchain to create a secure decentralized investment ecosystem:
- Firms go through an initial evaluation to determine if they qualify to fundraise on the ecosystem. These firms then get to create and sell non-fungible tokens that are the ecosystem’s version of stocks
- Tokens are fractionalized and added to the ERC20 token list on the NFT marketplace. This allows investors to buy small portions of the NFTs put up for sale to suit their investment needs
- Investors buy QUBE with top crypto coins or fiat and use it to buy NFTs made by AI startups. The value of these ERC20 coins increases as the market shares of the companies behind them grow
- Investors can resell their NFTs anytime they choose on the marketplace or hold on to tokens long-term
Investing in AI today is like investing in companies like Netflix during the internet’s early days. Companies that revolutionize industries often bring investment opportunities that offer life-changing returns.
Bitcoins breaks $43k resistance level
It appears predictions made by firms like Standard Chartered that BTC prices will break $50,000 before 2023 ends are on track to be correct as prices soar past $43,000 bringing its growth in the past 30 days to 24%.
There are various reasons for BTC prices surging upward, like its inflows reaching a high of $1.5 billion, rising interest rates, global uncertainty, the 2024 halving event, and the possibility of a spot Bitcoin ETF being approved as early as the first week of 2024.
BTC prices appear poised for substantial growth and some analysts even believe it could someday replace gold’s role as the most popular hedge against inflation. Analysts have BTC prices rising as high as $150,000 in 2024.
Summary
Buying up QUBE and BTC might be the best crypto investment you can make right now as both cryptocurrencies will likely bring you substantial profits in 2024. InQubeta’s growth potential has been compared to where BTC was a decade ago as its ecosystem providing easier access to AI investments sets it up for considerable growth as over $1.5 trillion pours into the AI industry.
Disclaimer
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
