The US economy recently released its jobs data, showing increased available jobs. The job increase to 353,000 is reassuring, considering the negative projections of experts leading up to the release. Since positive job data often increases inflation, the demand for Bitcoin (BTC) has declined, triggering muted growth. BTC is now consolidating at the $50,000 mark.
While Bitcoin lingers, Polkadot (DOT) and InQubeta (QUBE) are pushing towards achieving explosive growth this year. Both tokens have been on a tear since last year, with Polkadot logging impressive numbers on its platform while the QUBE presale teases explosive potential. InQubeta’s early performance and offerings of highly valuable investment opportunities have positioned it to rival top DeFi projects like Render (RNDR).
Let’s explore Bitcoin’s performance after the job data release while discussing the growth potential of DOT and QUBE.
InQubeta (QUBE) Early Surge Showcases Its Reach Towards Meteoric Growth
InQubeta’s rise to fame has seen many early investors who took a chance on it rake in significant profit. Investors who initially bought into the AI cryptocurrency’s crypto ICO event are up 220% in profit, judging by the token’s climb from $0.007 to $0.0224. The token is still set to surge by 37% when it debuts on decentralized exchanges after the presale. Investors are optimistic that the listing will infuse bullish momentum into the token, which is routine for top DeFi projects when they newly hit the market.
The actual appeal of InQubeta is that investors interested in profiting off the AI sector can do that at a discount. The platform partners with startup AI firms that need crowdfunding to list NFTs minted with AI investments for QUBE holders to buy. Since these NFTs are fractionalized, investors don’t need to break the bank to have holdings in the AI sector. The AI companies are rewarded with seed funding, while InQubeta investors are rewarded with massive profits, making it the best crypto investment in the DeFi space.
Since artificial intelligence is growing rapidly, investors now recognize InQubeta as the best crypto investment to capitalize on AI. Evidence of this realization is in the presale’s milestone achievements. High demand for QUBE has translated to a rapid sale of over 781 million tokens in seven stages, suggesting the presence of large investors. InQubeta has also raised more than $9.4 million, which is impressive considering the crypto ICO isn’t over yet.
Polkadot (DOT) Shows Potential to Target Previous Highs With Recent Developments
According to on-chain activity, Polkadot has been pulling massive numbers since 2022. The Messari Polkadot’s Q4 report showed that the layer 0 cryptocurrency platform recorded an impressive surge in active addresses and trading volume. In the final 90 Days of 2023, Polkadot logged an activity growth of 93% with a 111% quarter-over-quarter surge, hitting up to $8 billion.
Because of this growth, DOT has become an attractive investment option. Now that FOMO is looming, becoming a Polkadot holder might be a smart choice in the long run. Michael Van de Popper has predicted a possible push for the Polkadot token, projecting DOT to hit $17, putting it on the path to target previous highs.
Bitcoin’s (BTC) Price Stalls After Data Release Shows Boost In Jobs
Job expansion posted a positive increase, suggesting that the US labor market is strong and could increase economic growth. Job availability increased by 353,000 for the month, better than experts’ estimates of 185,000, holding unemployment at 3.7%. This growth foreshadows the increase in interest rates by banks, making equities a more profitable investment than cryptocurrencies like Bitcoin.
This has reduced investors’ appetite for the token, resulting in it lingering around the $49,000 price. This doesn’t align with the current demand for Bitcoin ETFs, but analysts are optimistic that momentum from the upcoming Bitcoin halving event could change the narrative soon.
Final Thoughts
With the prices that BTC is printing, it might be a while before it moves to all-time highs. While investors are eager for the Bitcoin halving event, a positive job increase could see the token stall at $49,000. Meanwhile, InQubeta and Polkadot are top picks for investors looking to get in on high-performance altcoins. The recent performance of both tokens and their growth trajectory tease explosive rises for holders. The InQubeta presale is still live, and investors can gain a 15% bonus on every purchase on the presale.
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