Crypto

$30K BTC? Traders Wager $650M on Rise; QUBE Targets a 2,800% Rise

Published

1 year ago

September 24, 2023

K BTC? Traders Wager 0M on Rise; QUBE Targets a 2,800% Rise

The cryptocurrency market is currently abuzz with speculation about the prospects of top cryptocurrencies like Bitcoin. While analysts feel that Bitcoin could comfortably cross the $30,000 level, some traders are even ready to invest huge sums of $650M in the potential long-term rise of the pioneering cryptocurrency. The BTC cryptocurrency is the first digital asset to be rolled out in the world and among the best cryptocurrencies to buy now. Bitcoin is expected to unlock new milestones this year.

InQubeta (QUBE) is another cryptocurrency that has captured the attention of analysts with its unique model and diverse use cases. Powered by Ethereum, the platform helps startups working with artificial intelligence to find authentic fundraising opportunities. Its presale success is another reason that has been driving its popularity. InQubeta is now on every leading analyst’s cryptocurrency ICO list after its presale funding crossed $ 3 million. As the project is currently in its fourth stage and still has many more phases to go, analysts predict significant rises in the coming months. Some think the QUBE token could surge 2800% in the long term and mimic the success of more mainstream cryptocurrencies.

InQubeta: Expanding AI in the realm of DeFi

If you are considering what cryptos to buy now, InQubeta is a good option thanks to its state-of-the-art model. The platform has a two-fold purpose. It helps startups gain access to ample funding and kickstart their projects and also helps investors get access to promising opportunities. With InQubeta, investors can look forward to accessing projects ahead of their market launch and beat the competition.

A key USP of the platform is its transparent model. To get started, startups need to decide on what they would like to offer the investor in exchange for the funding. The offer may comprise a reward level or a share in the equity of the company. These offers are tokenized and minted into NFTs and then made available on InQubeta’s NFT marketplace. To buy these NFTs, potential investors can use InQubeta’s native cryptocurrency, the QUBE token. The ERC-20 token can be bought on presale and is currently one of the most demanded tokens in the crypto sphere.

These NFTs can be bought in small parts or as a whole asset. This fractionalization helps investors who might not have large enough budgets to invest in promising startups.

InQubeta has been rated as one of the altcoins to watch out for in 2023 because of its deflationary model. In a deflationary model, the token supply is always kept lower than the demand. If the supply increases beyond a level that the team is comfortable with, extra tokens in circulation are burned or destroyed. Even a part of tokens collected as tax proceeds is burned to keep the token supply scarce.

Another way to earn with the platform is via staking. QUBE token holders can stake their assets in exchange for rewards. The longer they hold the tokens, the higher the rewards they can earn.

Bitcoin miners eye alternative sources of energy

Bitcoin is among the most traded tokens in the world. Its native cryptocurrency is the BTC token and it is used for all transactional purposes on the platform. The blockchain powers not just a cryptocurrency but also several decentralized platforms. The network is secured by the proof-of-work consensus algorithm, with new tokens generated through mining. Miners can generate new BTC tokens either by operating on their own or becoming a part of a mining pool.

Meanwhile, several Bitcoin developers are now looking for alternative energy sources for their mining operations. One of the problems of bitcoin mining is the vast amount of energy it consumes, which can be expensive and harm the environment. If these issues can be solved through renewable or clean sources of energy in the future, as looks likely, then BTC will gain wider acceptance and see long term gains. This has been a significant factor in traders waging $650 million on the coin.

Analysts are also of the opinion that Bitcoin could soon cross the coveted $30k level and establish a new support zone.

Conclusion

While Bitcoin has its fair share of strengths, it lags behind InQubeta in terms of growth potential. InQubeta paves the way for an average crypto user to invest in startups and create a sustained source of earnings. The platform is ideal for users looking to diversify their crypto portfolio and earn long-term returns. Its security framework and deflationary token also help in boosting crypto users’ confidence in the QUBE ecosystem. Head over to the InQubeta presale and get a chance to accumulate this new cryptocurrency at attractive rates.

Visit InQubeta Presale

Crypto

Crypto Market Boredom: Bitcoin & Altcoins See Volume Crash

Published

5 hours ago

January 14, 2025

Press Room

Crypto Market Boredom: Bitcoin & Altcoins See Volume Crash

On-chain data shows the cryptocurrency traders have hit the snooze button as Bitcoin and other assets have witnessed a plunge in volume.

Bitcoin & Altcoins Have Seen A Trading Volume Crash Recently

According to data from the on-chain analytics firm Santiment, trading volume has seen a slowdown in the cryptocurrency sector during the past week.

The “trading volume” here refers to an indicator that keeps track of the total amount of a given asset that’s becoming involved in trading activities on the major exchanges. When the value of this metric goes up, it means the investors are participating in a higher amount of activity related to the coin. Such a trend implies interest in the asset is on the rise.

On the other hand, the indicator observing a decline suggests the traders may be starting to put their attention elsewhere as they are taking part in a lower amount of activity.

Now, here is a chart that shows the trend in the combined Bitcoin trading volume for four different segments of the digital asset sector:

The value of the metric appears to have gone through a decline for all of these groups | Source: Santiment on X

In the above graph, the four sides or segments of the cryptocurrency market displayed are: Memecoins Top 6, AI & Big Data Top 6, Layer 1 Top 6, and Layer 2 Top 6.

“Layer 1” assets refer to those that circulate on blockchains that handle their own security and aren’t built on top of another ecosystem. Bitcoin and Ethereum are the most prominent examples of coins of this type. The coins that aren’t on primary networks, like Polygon (MATIC) and Arbitrum (ARB), are termed Layer 2.

From the chart, it’s apparent that the six largest coins for both of these categories have seen a sharp decline in their trading volume recently. Segments like meme-based tokens and AI-related coins have also noted cooldowns of their own at the same time.

Back in November and the first half of December, the volume was high across the market as traders made a large number of moves during the Bitcoin bull run hype. It would appear, though, that the recent bearish shift has damaged the investor morale.

After the latest continuation of the decline in the indicator, trading activity in the market has slumped to the lowest level since the 4th of November, a day before the presidential elections in the US.

Generally, the market tends to see volatility when a large number of traders are participating in trading activity, as it’s their trades that fuel price moves. Since the trading volume has slumped across the cryptocurrency sector recently, it’s possible that Bitcoin and others might see a state of calm in the near future.

The low activity may even be considered a sign that there is FUD in the market, which is something that has facilitated bottoms in the past.

BTC Price

At the time of writing, Bitcoin is trading at around $90,700, down almost 8% in the last week.

Bitcoin Price Chart

Looks like the price of the coin has been going down over the past day | Source: BTCUSDT on TradingView

Featured image from Dall-E, Santiment.net, chart from TradingView.com

Crypto

Congressman Who Wanted Airport Named After Trump Buys Bitcoin, Solana, XRP Token Ahead Of Inauguration

Published

13 hours ago

January 13, 2025

Press Room

Congressman Who Wanted Airport Named After Trump Buys Bitcoin, Solana, XRP Token Ahead Of Inauguration

A member of Congress disclosed buying three cryptocurrencies in December, as the sector gets ready to welcome in a pro-cryptocurrency White House administration.

What Happened: With many cryptocurrencies hitting new all-time highs after Donald Trump’s 2024 election win, members of Congress like Representative Guy Reschenthaler (R-Pa.) are adding crypto to their portfolio.

According to Benzinga’s Government Trades page for Reschenthaler, the Republican Representative disclosed the trades recently in one filing.

Here are the cryptocurrencies purchased and the dates the trades were made:

Dec. 11: $1,000 to $15,000 Solana SOL/USD
Dec. 11: $1,000 to $15,000 XRP Token XRP/USD
Dec. 23: $1,000 to $15,000 Bitcoin BTC/USD

The transactions are the first disclosed by Reschenthaler since he joined Congress in 2019.

Did You Know?

Why It’s Important: Reschenthaler, 41, has not been as vocal about cryptocurrency as other members of Congress have been. The purchase could be due in part due to his belief that a Trump presidency will be bullish for the cryptocurrency sector.

Here is a look at how much the Congressman paid for the cryptocurrencies versus where the price is today:

Solana: 12/11 range $211.99 to $230.51, today $175.83
XRP: 12/11 range $2.24 to $2.47, today $2.45
Bitcoin: 12/23 range $92,403.13 to $96,416.21, today $91,836.61

Two of the Congressman’s purchases have lost money while the purchase of XRP has turned into a winning trade. Benzinga will closely monitor the trading activity of members of Congress when it comes to cryptocurrency in the coming months.

Last year, Reschenthaler proposed renaming the Washington Dulles International Airport, which is located 25 miles from Washington, D.C., to the Donald J. Trump International Airport.

“In my lifetime, our nation has never been greater than under the leadership of President Donald J. Trump,” Reschenthaler said at the time. “As millions of domestic and international travelers fly through the airport, there is no better symbol of freedom, prosperity, and strength than hearing ‘Welcome to Trump International Airport’ as they land on American soil.”

Read Next:

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

Crypto

VT Markets Anticipates Cryptocurrency Growth from Policy Changes and Market Momentum in 2025 Q1 Economic Outlook

Published

21 hours ago

January 13, 2025

Press Room

VT Markets Anticipates Cryptocurrency Growth from Policy Changes and Market Momentum in 2025 Q1 Economic Outlook

HONG KONG SAR – Media OutReach Newswire – 13 January 2025 – VT Markets, an award-winning financial services provider, today releases its 2025 Q1 Economic Outlook. The report highlights how the dual tailwind of favourable policies and market dynamics will propel the cryptocurrency sector into a new era of mainstream adoption. The report also underscores the transformative strides achieved by cryptocurrencies in 2024, which sets the stage for further growth in the upcoming year.

2024 As A Landmark Year for Cryptocurrency

With the conclusion of the 2024 U.S. Presidential election, cryptocurrencies have ascended from niche assets to mainstream investment products. Political developments, particularly arising President Trump’s re-election and his pro-cryptocurrency stance, acted as the main catalyst for this phenomenon. Participants observed Bitcoin’s price surging by over 40%, crossing $108,000 by year-end anticipating dovish policy shifts and renewed investor confidence towards the digital asset.

Key regulatory appointments, such as naming crypto advocate Hester Peirce as SEC Chair, signalled to the market a shift towards a more favourable regulatory framework, instilling optimism in institutional and retail investors alike.

The Rise of Spot Bitcoin ETFs

In early 2024, the U.S. SEC approved multiple spot Bitcoin ETFs; a significant breakthrough for the cryptocurrency industry then. By year-end, assets under management for these ETFs grew from $28.8 billion to $110 billion. Among them, BlackRock’s IBIT ETF stood out, achieving record-breaking $30 billion AUM in under 300 days.

This development not only validated cryptocurrencies as a mainstream investment class but also paved the way for wider institutional participation. The integration of cryptocurrency into traditional finance is seen as a key step toward standardisation – an issue which has plagued the industry since its inception.

Liquidity and Risk Appetite Fuel Growth

Macroeconomic conditions, including the Federal Reserve’s shift towards an easing monetary policy, contributed to increased market liquidity and higher risk asset valuations. Cryptocurrencies, known for their high-risk, high-reward profile, inevitably emerged as a preferred choice for portfolio diversification, further driving their adoption and price momentum.

2025 Will Be A Year of Regulatory Clarity and Technological Innovation

Looking ahead, the cryptocurrency sector is poised for greater regulatory clarity and broader market acceptance globally:

United States: Expected legislation on stablecoins and other crypto assets will a establish a clear regulatory environment.

European Union: The upcoming implementation of the Markets in Crypto-Assets Regulation (MiCA) will enhance transparency and compliance.

Asia-Pacific: Singapore and Hong Kong are set to strengthen their positions as regional crypto hubs, promoting Web3 development and reopening licensing opportunities for exchanges.

Emerging Markets: Countries like Brazil, the UAE, Australia, and South Africa are advancing efforts to legitimize cryptocurrencies, potentially becoming regional leaders in the sector.

A New Era for Mainstream Cryptocurrency Adoption

The VT Markets’ Research Desk suggests that the confluence of supportive policies, transparent regulations, and robust market conditions will accelerate the mainstream adoption of cryptocurrencies.

They believe that this transition from speculative assets to recognised investment products will be a pivotal moment in financial innovation.

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