ApeCoin (APE) Sees 30% Fall in Open Interest; Cardano (ADA) and InQubeta (QUBE) Continue to Shine
ApeCoin (APE) surged to a three-month high of $1.50 on November 9, marking a remarkable 35% rise over the past 30 days. Despite this price rally, APE’s open interest dropped by 30% from October 20 to November 10, indicating a lack of bullish, solid confidence. On the other hand, Cardano (ADA) and InQubeta (QUBE) continue to shine in crypto as their prices soar to a higher value.
InQubeta takes the lead in the current price surge, captivating investors and enthusiasts with its mission to bridge the gap between AI startups and investors. Cardano also joins the momentum, as its whales accumulated 1.89 billion ADA following a significant dump in September. Experts predict InQubeta to be the top crypto to buy, with the potential to boost investor portfolios both now and in the future.
This article explores what is propelling QUBE and ADA’s shining momentum amidst APE’s open interest dropping by 30%.
InQubeta (QUBE): Revolutionizing Crypto Investment with Deflationary Strategies and NFT Innovation
InQubeta shines as the premier crypto crowdfunding platform in the crypto community, facilitating fractional investment in AI startups through QUBE tokens. This Ethereum-based token harnesses the power of blockchain to establish a secure and seamless investment ecosystem for both AI startups and investors. One of its distinctive features projecting it forward as the top crypto to buy is its deflationary nature.
As a deflationary ERC20 token, QUBE presents a distinctive opportunity for crypto investors seeking the best crypto investment platform for portfolio diversification. The 2% buy and sell tax channeling into a burn wallet and the 5% tax contributing to a dedicated reward pool create an attractive environment for QUBE holders to earn rewards through staking. This approach makes it an enticing prospect for those bullish on the growth potential of AI technology startups.
The NFT marketplace promotes QUBE as the best crypto investment platform for significant profits. Through reward and equity-based NFTs, the marketplace helps AI startups raise funds, which benefits the ecosystem. This approach creates a symbiotic relationship with QUBE token holders, who can easily invest in projects that match their values.
The ongoing presale has recorded an impressive success by securing over $4.8 million in funding. Stage five is underway, with more than 494 million tokens already sold at the presale price of $0.0161. With over 114 million coins remaining for sale, the QUBE presale presents an enticing opportunity for investors seeking the best DeFi crypto, solidifying InQubeta’s position as an influential project in the crypto investment landscape.
ApeCoin (APE): Struggles After Rebounding to $1.5 Amid NFT and Metaverse Uncertainty
ApeCoin reached its annual low in September and experienced a rebound to $1.5 on November 9 but failed to sustain further momentum. The enthusiasm for NFTs and the metaverse has notably waned, and a swift recovery seems unlikely in the short term. Market data indicates that the anticipated surge in APE value is unlikely to materialize anytime soon.
Despite a more than 10% price recovery between October 20 and November 10, open positions for APE saw a surprising 30% decline. Also, the total open position for APE decreased from $55 million to $38 million, emphasizing the challenges faced by ApeCoin in its market dynamics.
Cardano (ADA): Whales’ Divestment and Big Investors’ Strategic Accumulation in 2023
Cardano has recently experienced fluctuations, yet it will remain prominent in 2023. In a notable development, Cardano Whales opted to divest a substantial portion of their holdings, selling off 1.02 billion ADA valued at approximately $265 million in the initial week of September.
November brought a significant twist amid this market turbulence. The blockchain analytics website IntoTheBlock revealed that ‘Big investors’ strategically accumulated 1.89 billion ADA, equivalent to $600 million, within the price range of $0.249 to $0.271. This accumulation signals renewed confidence in the potential of Cardano.
Conclusion
InQubeta and Cardano shine in the crowded crypto landscape with their unique features. Despite the challenges faced by ApeCoin, InQubeta has managed to make a unique mark and gain success in the crypto community. This makes it the best DeFi crypto option to keep an eye on and consider investing in. The recent QUBE presale, with over 494 million tokens already sold, solidifies InQubeta’s position and indicates a bright future for investors and enthusiasts. Don’t miss this opportunity!
Disclaimer
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About The Author
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.
