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Bitcoin’s (BTC) price is expected to surge considerably if it can stay above the $71,000 support level heading into its April 19 halving event.
Bitcoin’s past halving events have all led to prices reaching new all-time highs (ATHs), but things are a little different this time because of the introduction of spot exchange-traded funds (ETFs).
The most traded cryptocurrency in the world has set new ATHs multiple times since ETFs launched in January. The new asset class has raised BTC’s market cap by over 100%. The approval of ETFs is one of the biggest milestones the cryptocurrency has surpassed since being launched, as it allows institutional investors to bring trillions of dollars into the space.
Bitcoin has broken the $71,000 resistance level for the second time after setting a new ATH at $73,750. It has since fallen back slightly but still trades above $70,000. Some analysts say this is a sign that BTC will enjoy the highly anticipated exponential growth investors have been talking about for the past six months, which could take prices above $160,000 before 2024 ends.
One of the top DeFi coins, InQubeta (QUBE), is also expected to peak considerably later this year when tokens are launched. The emerging crypto’s presale has already brought in over $13.4 million, less than $2 million away from the $15 million the Binance Coin (BNB) pulled in during its initial coin offering.
InQubeta’s potential 10,000% surge
InQubeta plans to showcase the utility of non-fungible tokens (NFTs) by using these ERC20 coins to create a crowdfunding-based investment system. The goal is to make investment opportunities in the artificial intelligence (AI) space easier for global investors to access.
InQubeta’s being an Ethereum (ETH) network-launched blockchain gives it the functionality to allow users to create NFTs in its ecosystem. These tokens replace stocks in InQubeta’s investment space and perform similar duties.
AI startups that are cleared to use InQubeta’s crowdfunding space secure capital by tokenizing investment opportunities into these ERC20 coins and selling them to investors on the NFT marketplace. Investors can resell these tokens whenever they want to cash out or hold on to them long-term.
Buying and keeping QUBE long-term is another way investors can earn exponential returns on their capital. Tokens sell at $0.028, but some analysts expect them to be worth a few dollars once released on exchanges. The success of InQubeta’s presale indicates it could be one of the top ten cryptocurrencies per market capitalization in the next several years, positioning investors to earn generational wealth.
Bitcoin (BTC) trading volume jumps by 65%
Bitcoin trades have surged considerably in the past few days. Its price recently blasted past the $71,000 resistance level before falling back slightly as investors look to buy up tokens before the April 19 halving event. Metrics like BTC’s 10-day momentum at 1,851 indicate prices will surge even more in the coming days, possibly setting a new ATH before the April 19 halving.
Institutional investors can now profit from BTC’s price movements and access them through their traditional investing accounts thanks to the launch of exchange-traded funds in January. The new asset class is projected to bring $5 trillion into the cryptocurrency market by the end of the year and a lot more in the next several years.
Some, like Ark Invest founder Cathie Wood, believe BTC could be priced over $1 million thanks to the capital brought in by ETFs.
If you’re wondering what crypto to buy, BTC and QUBE should be on your list. BTC’s price should double before the year is over, while QUBE could enjoy as much as 100x growth because of the investment prospects it offers investors.
To learn more about this project, visit the InQubeta presale website or Join the community
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