Bitcoin Boom? BTC and ETH up 4% Overnight. InQubeta Heats Up

After a short while when Bitcoin fell from the $43,700 value to the $40,000 level on Dec. 11, the crypto market is back on track and the price of BTC is hovering above $42,500 again.

Like other cryptocurrencies, Ethereum also decreasing, it has strong support at an important level of $1,934-$2,160.

Bitcoin’s Roller Coaster Ride:

Analysts were puzzled as Bitcoin’s recent drop wiped away more than a week’s gain. Coinglass showed massive liquidations amounted to $335 million across various cryptocurrencies and $89 million only for BTC liquidation. However, BTC has since bounced back and is currently selling at $42,500, giving certain analysts hope of what may be awaiting in the future.

Bitwise forecasts that stablecoin settlement volumes will exceed those of all credit/debit cards combined (i.e. Visa) this year. Stablecoin trading has already gone past Visa’s $9 trillion payments processed by September 2023 and is anticipated to cause a major shift in the world of cryptocurrencies. What does the future hold for Bitcoin, from this point onward? Will it be a boom for Bitcoin?

Ethereum’s Key Support Zone and Rally Potential:

Analysts have noticed that the price of Ethereum moved into the demand area from $1,934 to $2,160. According to cryptocurrency intelligence trackers, IntoTheBlock, the zone is a significant support area as it hosts around 5.58 million wallet addresses carrying more than 39 million ETH tokens. According to analysts on X, ETH is preparing for a rally.

InQubeta’s QUBE Token Presale Attracting Capital

While the market experienced fluctuations, a new player, InQubeta, has emerged.

InQubeta, positioned at the intersection of investors and AI startups, focuses on democratizing investments in the rapidly growing AI sector.

InQubeta introduces the QUBE token, an ERC20 token facilitating fractional investments in AI startups.

The token’s unique fee structure, featuring a 2% buy and sell tax for a burning wallet and a 5% sell tax directed towards a reward pool, aims to incentivize holders to stake and earn.

So far, InQubeta’s presale has raised over $6.9 million. Does this reflect financial support and investor confidence in InQubeta or the adoption of AI projects?

InQubeta envisions expanding its offerings with plans for an NFT marketplace, InQubeta Swap, and InQubeta DAO.

The platform’s goal to become multichain by Q1 2024 suggests a commitment to diversifying its investment ecosystem and enhancing accessibility.

There is a different concept employed by InQubeta in raising funds to finance new AI tech startups in the NFT marketplace. This avails investors of an opportunity to buy into these development schemes through NFTs.

Unlike other NFT markets, InQubeta provides AI startups with investment opportunities while giving rewards and equity NFTs.

These NFTs represent investment opportunities and are split up into fractional parts so that investors can invest even in those projects within their budget limits.

InQubeta Presale | InQubeta Communities