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After Bitcoin halving, miner rewards will drop by 50%. The event occurs every four years and it aims to rein in internal inflation. As Bitcoin becomes scarcer, and assuming sustained demand, prices trend to go up.
So far, Bitcoin is soaring as the demand for spot ETFs explode. Prices recently shot above $68,000. Amid this, new altcoins like InQubeta (QUBE), an AI-focused project, is also benefiting.
InQubeta: Linking AI startups with investors
InQubeta links upcoming AI startups across the globe with startups.
These startups have leveraged InQubeta for business growth.
The InQubeta platform has so far raised over $10.9 million.
QUBE, the native token of InQubeta, can be staked for rewards.
Staking invites token holders to willingly let their tokens be locked in liquidity pools. These tokens are used for securing the network and aiding the blockchain’s development.
InQubeta has built a vibrant community of stakeholders with a decentralized governance structure. The community of token holders gives its journey an optimal trajectory. The token holders discuss and vote for proposals seeking changes in the protocol.
They use their voting privileges to express their preferences about a suggested change. Depending on the outcome of such processes, they decide if a proposal should be implemented.
QUBE is also deflationary, helping stave off unfavorable economic forces by lowering the supply.
In the future, this may support prices.
Wells Fargo, and Merrill Lynch start offering spot Bitcoin ETFs to their clients
Bitcoin is a peer-to-peer cryptocurrency that can support high-volume transactions securely and without compromising speed.
The transactions made with its native token BTC are confirmed with the proof-of-work protocol.
Bitcoin is currently trading at $65,000 – a price level last seen in November 2021.
The token was buoyed by the excitement around BTC ETFs and its halving event in April. Spot ETFs were rolled out in the U.S. in January and their debut has been a watershed movement for the crypto industry.
These financial products have further bridged the gap between mainstream finance and digital assets. Plus, they have ensured regulated exposure to cryptocurrencies without requiring people to own the assets.
Their popularity could be gauged from the fact that leading financial institutions like Wells Fargo and Merrill Lynch are now offering BTC ETFs to their wealth management clients.
Conclusion
Starting 2024 on a positive note, Bitcoin and InQubeta have demonstrated their potential with their sustained growth. Analysts expect the two coins to build upon these gains in the coming months.
Experts are optimistic about the popularity of spot BTC ETFs and the upcoming halving event to consolidate Bitcoin’s position. For InQubeta, they believe that its presale gains will speed up its journey and even help it gain an edge over new altcoins.
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This article first appeared at crypto.news
