Bitcoin (BTC) rallied significantly, reaching over $67,000 for the first time since November 2021. This boost was driven by increased investments in the new US spot Bitcoin ETF and anticipation of the upcoming Bitcoin halving in April. Recent data shows that Bitcoin ETFs saw a record inflow of $676.8 million in a single day, hitting a new high of $680 million on February 28. This remarkable growth reflects investors’ confidence in various ETFs.
In other news, Algorand (ALGO) has been showing an uptrend momentum in the market. Despite the bulls’ attempt to take the token to the $0.5 mark, an emerging crypto AI rival, InQubeta (QUBE), has gained more traction with its unique features and range of services. The InQubeta presale has witnessed an influx of investors searching for the best altcoins to double their portfolio.
Let’s explore how InQubeta gained traction amidst the Bitcoin bull run, which pushed ETFs to $680 million.
InQubeta (QUBE): The Deflationary Model Piques Investors Interest
InQubeta, the crypto crowdfunding platform, has gained traction in the crypto market by allowing fractional investment in AI startups through QUBE tokens. Built on the Ethereum blockchain, this new DeFi crypto harnesses the advantages of this robust technology to establish a smooth and secure investment environment for AI startups and investors. As a rival to Algorand, its deflationary ERC20 token mechanism has piqued investors’ interest.
Through this deflationary feature, InQubeta provides a distinctive chance for crypto investors aiming for the best DeFi crypto to broaden their investment portfolio. Featuring a 2% buy and sell tax allocated to a burning wallet and a 5% sell tax directed to a designated reward pool, QUBE holders can reap rewards by staking their tokens. This setup makes it an enticing investment opportunity for individuals who have faith in the future growth of AI technology startups.
The QUBE token, designed to function as a governance token, adds to the building momentum for InQubeta. This new DeFi crypto approach grants its holders the authority to engage actively in the platform’s decision-making procedures. As a governance token, QUBE holders can suggest, deliberate, and vote on various matters about the platform’s advancement, functioning, and strategic trajectory.
As participation from investors and startups increases on the InQubeta platform, it’s anticipated that demand for QUBE will surge, leading to an appreciation in the token’s value over time. With its NFT marketplace, InQubeta is gaining ground as the best DeFi crypto for high gains. The NFT marketplace enables AI startups to facilitate funding and provide rewards and equity-based NFTs.
Bitcoin (BTC): The Price Rises As The Halving Cycle Approaches
The US spot Bitcoin ETFs are causing a stir in the market. The most significant impact is the price of the largest digital asset, which has risen by over 45% this year, exceeding $68,000 and approaching the pandemic-era record high of nearly $69,000. Also, the upcoming decrease in BTC supply growth, known as the halving, has contributed to the price increase.
The ETFs are changing where most BTC trading occurs, now focusing more on the United States. Recent data reveals that Bitcoin ETFs in the US received a total inflow of $676.8 million in just one day, setting a new record of $680 million on February 28. This trend highlights the increasing recognition and use of Bitcoin as a valid asset class embraced by institutional and individual investors.
Algorand (ALGO): Analysts Forecast The Token To Surpass $0.5
Algorand has demonstrated a substantial increase in value during its recent trading sessions and may soon achieve new milestones. In just the last 30 days, the price of the Algorand coin has surged by 15%. ALGO has fluctuated within the $0.18 to $0.20 range over the past week.
Algorand aims to solidify its position above $0.2 and potentially aim for $0.3, building on its recent upward trends. With the current momentum, analysts predict that the price of ALGO could surpass $0.5 once the bull market is in full swing.
Conclusion
With the Bitcoin bull run pushing the Bitcoin ETFs to $680 million, InQubeta continues to gain momentum with its unique features and technology. With its NFT marketplace and deflationary mechanism, InQubeta has become one of the best altcoins for portfolio boosts. You can buy the QUBE token via its website using coins like ETH, BTC, or USDT.
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