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SEC’s decision on Bitcoin ETFs looms as InQubeta’s AI cryptocurrency gains traction in the market.
The crypto sector has been on tenterhooks over the prospects of spotting Bitcoin exchange-traded funds.
After multiple companies, including ARK Investments and BlackRock, showed interest in rolling out Bitcoin ETFs, the ball is now in the US Securities Exchange Commission’s (SEC) court.
All eyes are on the SEC after ARK claimed that its talks with the regulatory body have “advanced”. The build-up of speculation for the ETF has propped up Bitcoin (BTC) prices.
The crypto market has also been buoyed by the recent success of InQubeta (QUBE), an AI-led cryptocurrency.
Released earlier this year, it’s a decentralized crowdfunding service for startups working on AI projects. InQubeta has created an extensive fan base due to its uncomplicated mechanism.
With a presale funding of over $6.7 million, it is now enjoying a spot in many analysts’ best cryptocurrency ICO list for 2023.
InQubeta is helping AI startups script a success story
InQubeta is a convenient fundraising option for AI startups as it’s fuss-free and transparent. The companies seeking funding and their investors connect with a DeFi model where no middlemen are involved.
The innovative mechanism of InQubeta does away with fraud and helps startups speed up their growth journeys.
To ensure that all payments are processed seamlessly, the platform uses its native cryptocurrency. It’s called the QUBE token and has a supply of 1.5 billion. Most of the supply is used for public sale, while the rest funds the cost of running InQubeta.
Investors might consider QUBE tokens if they don’t want to waste time thinking about what cryptos to buy now.
The QUBE token offers a slew of earning opportunities like staking. The feature allows one to earn with an asset without losing its ownership. Staked tokens are locked for a predetermined period and support the platform while allowing token holders to earn rewards. The remuneration is supplied by a separate pool financed by tax proceeds.
With InQubeta, startups and investors interact through a transparent, decentralized model. There are no third parties or formalities, and their interactions are claimed to be secure and fair. Using tokenization, startups pitch their offers as NFTs to investors.
The NFTs are available for purchase at InQubeta’s online marketplace. The NFTs stand for the benefits an investor can gain after investing in a startup. The NFTs can also be easily fractionalised to suit the needs of smaller investors.
InQubeta has a decentralized and democratic mechanism for making decisions. In case a protocol change is recommended to the team, it’s first discussed internally and then put to a vote. Token holders decide if the suggested improvements are worth implementing.
The method prevents irrelevant changes from being made to the protocol. By allowing token holders a key role in decision-making, InQubeta also evokes a sense of responsibility among them.
Hailed as one of the altcoins to watch out for, the QUBE token’s deflationary mechanism keeps returns guarded against inflation. The feature keeps the token supply limited to check price fluctuations.
If the supply rises, it’s brought down by burning excess tokens. The InQubeta team regularly destroys a part of the taxes collected on the sale and purchase of QUBE tokens.
Institutional investors bullish towards Bitcoin: Bybit Research study
Bitcoin is the pioneering cryptocurrency that made the world believe in decentralized digital assets’ economic freedom and power. As the first crypto token to hit the market, it is still considered a time-tested asset.
Its native token is BTC and all transactions are validated with the proof-of-work protocol.
A recent study conducted by Bybit Research claimed that institutional investors showcased a bullish sentiment toward Bitcoin and treated other altcoins with skepticism.
The research was based on data from December 2022 to September 2023 and analysts’ trading behavior amid market fluctuations. The study also showed that most investors allocated as much as 50% of their portfolios to Bitcoin.
Bitcoin and InQubeta
Sustained growth and analysts’ confidence in their potential make Bitcoin and InQubeta among the best cryptocurrencies to buy now.
If Bitcoin has the advantage of being a veteran name, InQubeta is a future-ready crypto project. The two coins represent how decentralized finance can drive impact in the future by transforming ecosystems.
The two cryptocurrencies sport robust security frameworks that guarantee privacy for users and protection for their assets. For analysts, Bitcoin and InQubeta are among the names that are unlikely to be forgotten soon and could potentially generate big price moves in the long term.
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This article first appeared at crypto.news
