Bitcoin SV Dramatic Rise Halted by 10% Decline, Inqubeta Passes $3.8m Raised
The crypto market is ripping higher at spot rates, and the Bitcoin (BTC) surge, the world’s most valuable digital asset, is noteworthy.
With Bitcoin trading above 33,000 for the first time this year, bulls are ecstatic, and so are altcoin holders of quality projects and those of Bitcoin forks.
As of October 24, Bitcoin SV (BSV), a project spearheaded by Craig Wright, the computer scientist who also claims to be the legitimate founder of Bitcoin, is edging higher. To illustrate, BSV is up 35% in the last week alone, stretching its gains versus BTC and Ethereum (ETH), adding roughly 15% versus the two valuable crypto assets over the same period.
Despite the impressive performance of BSV, InQubeta (QUBE), a project aiming to create a decentralized platform where ambitious artificial intelligence (AI) startups anchored on the blockchain and crypto can raise funds, is also on an uptrend.
In the ongoing presale, the ERC-20 coin has added over 250% since phase 1 of the crowdfunding event, and analysts are confident, expecting more gains in the days ahead.
Specifically, considering the amounts raised, InQubeta is finding support from the broader cryptocurrency market. Thus far, over 414 million QUBE have been sold, helping the project raise over $3.8 million, making it one of the top crypto coins.
The question is, though BSV is on a firm uptrend, will momentum slow down, and the recent cool-off over the past trading day force holders to consider other alternatives like QUBE?
This article looks at what can happen and whether there are other opportunities for investors to consider as the crypto market takes shape.
Why is InQubeta Set for Even More Growth in This Bull Market?
The following content does not constitute the opinion of BeInCrypto and should not be construed as financial advice
To understand this question, one must thoroughly understand what InQubeta is and what its creators aim to achieve. The mission is simple yet complicated: Thousands of crypto projects plan to launch their solutions while tapping into the distribution and robustness of the underlying blockchain technology.
Though startups are confident, finding funding in the recent market conditions proved challenging. InQubeta wants to simplify this process via non-fungible tokens (NFTs), crypto, and a modern open marketplace.
InQubeta will depend on its native ERC-20 token, QUBE, as a primer for all ecosystem activities. All vetted startups, approved by the teams’ experts, will mint their opportunities as NFTs. Because various projects will have different NFT mint values, some investors, though wishing to participate, might be limited by funding.
Accordingly, minted NFTs are further fractionalized and then listed on the InQubeta marketplace, where anyone can buy tiny fractions of crypto AI startups, regardless of their initial capital.
Since QUBE is central to InQubeta and deflationary, there has been a high demand for the token in the ongoing presale that’s viewed as one of the best ICOs of 2023.
Analysts expect asset prices will be much higher than at spot rates by the end of the presale, with more opportunity to rip higher on listing.
With crypto prices rallying, the odds of QUBE even posting more gains as a relatively low market cap token remains high. It is an opportunity more value investors have been capitalizing on, appearing to accumulate the token in the ongoing presale.
Will BSV Keep On Rallying?
With BTC firm and trading on new 2023 highs above the 32,000 mark registered in late July, BSV has some tailwinds and can easily be a good crypto to buy.
This is considering the direct correlation between Bitcoin, Bitcoin hard forks, and altcoins. BSV, being one of the hard forks of Bitcoin Cash, which traces its root to Bitcoin, will likely rally, even outperforming Bitcoin.
However, heavy-weight investors will probably prefer stacking on Bitcoin, considering its status in the market and regulatory approval, especially from the United States Securities and Exchange Commission (SEC).
Beyond Bitcoin, BSV could be explored with other altcoins, including InQubeta. Even so, since QUBE has a lower market cap than BSV, yet it plans to resolve hard-pressing challenges in crypto crowdfunding, more capital could flow to the asset, potentially pumping it harder in the next leg up.
Conclusion
InQubeta, Bitcoin, and Bitcoin SV present opportunities investors can explore as the market shakes off the bears of 2022. Overall, InQubeta’s success in the presale, raising over $3.8 million in the middle of a crypto bear market, points to its potential for growth.
Meanwhile, BSV has remained resilient and built on what its founder, Wright, planned to achieve. It is yet to be seen how the coin will perform in the days ahead and whether emerging altcoins, including QUBE, could outperform it in the next Bull Run.
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