Bitcoin (BTC) always manages to be in the news for one reason or the other. This time it’s the 11% surge in its price after many analysts had thought that the excitement around Bitcoin exchange-traded funds (ETFs) had waned.
Eleven companies including BlackRock Investments had filed applications for launching crypto ETFs with the US regulators. After a long wait, these ETFs bagged approval from the authorities and debuted in the markets on January 11. They have received a roaring response with record investor inflows within the first week of their launch.
The recent uptick in Bitcoin’s price surprised experts and shows that the pioneering cryptocurrency will likely build on these gains in the coming months.
Among altcoins, InQubeta (QUBE) seems to be among the fastest-growing assets. After its phenomenal presale growth, it became one of the best new ICOs of last year.
InQubeta: Helping AI Startups Grow Their Network
InQubeta is a new-age platform that helps startups grow their enterprises and build the future of AI. The platform makes services like fundraising, accounting support, networking, and marketing just a few clicks away for these budding companies. InQubeta helps startups raise funds and scale AI-based projects. So far, its ICO has raised over $8.9 million.
Anyone can avail themselves of these services by acquiring InQubeta’s native cryptocurrency, the QUBE token. The top altcoin is also used for governance and distributing staking rewards.
The QUBE token is powered by the ERC-20 standard and its total supply is capped at 1.5 billion. While the team plans on selling more than half of the coins, the rest would go towards sustaining the platform, paying legal fees, and pumping more liquidity into the ecosystem.
Many analysts consider the QUBE token a means of financial empowerment as it can facilitate a steady source of income through staking. When an asset is staked, it’s used for maintaining optimal growth levels.
In exchange, its owner gets crypto rewards. While the passive income keeps token owners happy, the staked assets increase the longevity of the InQubeta ecosystem.
The token has a deflationary mechanism that keeps returns steady even when volatility or inflation is stealing the market’s thunder. Under adverse economic conditions, the token supply is reduced to make it scarcer in the market. The combined effect of low availability and high demand promotes competitive prices.
Considered one of the best cryptos that can be found in the market today, InQubeta connects startups with investors through a transparent investment model.
The two sides interact through NFTs minted from startup offers. No one has to waste any time in boardroom meetings or unnecessary formalities. Crypto users can peruse through the tokenized assets, pick the opportunity that they like the most, and pay for the corresponding NFT with QUBE tokens.
QUBE has impressed many experts and the X (formerly Twitter) community with its huge presale success, and whales are busy accumulating huge volumes in anticipation of an upcoming rally in the future.
CME Sees Its Trading Volume Surge by 34% After Bitcoin ETF Launch
Bitcoin is a top-notch crypto asset that is considered to be the largest cryptocurrency in terms of market cap. Its native token is BTC.
The cryptocurrency saw its popularity reach never-seen-before levels with the rollout of spot Bitcoin ETFs in the US. These financial products facilitate regulated exposure to Bitcoin and do not require their clients to hold the cryptocurrency.
Initially, analysts had expected the investor sentiment post-BTC ETF to wane, however, Bitcoin took everyone by surprise after it rose by 11%.
In a related development, the Chicago Mercantile Exchange (CME) saw its trading volume soar to 94.9 billion – a rise of 35% – in January after Bitcoin ETFs got a green light from the US Securities and Exchange Commission.
The figure is also the highest trading volume recorded by the platform since October 2021. CME is quite popular among large institutions interested in Bitcoin futures.
Conclusion
InQubeta and Bitcoin are among the top cryptos to invest in today and have helped the DeFi market get back on its feet after a brief lull. These cryptocurrencies have been steadily making their way to mainstream finance by clocking robust growth.
Another reason why crypto users have been chasing them is their growth potential. Even analysts believe that the two tokens have a long way to go as their utility-oriented models pave the way for new gains.
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