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bitcoin (btc) price is expected to rise sharply if it can hold above the $71,000 support level ahead of its April 19 halving event.
All previous bitcoin halving events have led to prices reaching new all-time highs (ATHs), but this time things are a little different due to the introduction of spot exchange-traded funds (ETFs).
The world's most traded cryptocurrency has set new ATHs multiple times since the ETFs launched in January. The new asset class has increased the btc market capitalization by more than 100%. The approval of ETFs is one of the biggest milestones the cryptocurrency has passed since its launch, allowing institutional investors to pour trillions of dollars into the space.
bitcoin has broken through the $71,000 resistance level for the second time after setting a new ATH at $73,750. It has since retreated slightly, but is still trading above $70,000. Some analysts say this is a sign that btc will enjoy the long-awaited exponential growth that investors have been talking about for the past six months, which could take prices above $160,000 before the end of 2024.
One of the leading DeFi coins, ai?utm_source=PR&utm_medium=organic&utm_campaign=crn&utm_content=196″ rel=”nofollow” target=”_blank”>Qubeta (QUBE)It is also expected to peak considerably later this year when the tokens are launched. Pre-sales of the emerging cryptocurrency have already generated more than $13.4 million, less than $2 million of the $15 million that Binance Coin (BNB) earned during its initial coin offering.
InQubeta's potential 10,000% increase
ai?utm_source=PR&utm_medium=organic&utm_campaign=crn&utm_content=196″ rel=”nofollow” target=”_blank”>InQubeta plans to showcase the utility of non-fungible tokens (nfts) by using these ERC20 coins to create a crowdfunding-based investment system. The goal is to facilitate global investors' access to investment opportunities in the artificial intelligence (ai) space.
The fact that InQubeta is a blockchain launched by the ethereum (eth) network gives it the functionality that allows users to create nfts in its ecosystem. These tokens replace shares in the InQubeta investment space and perform similar tasks.
ai startups that are authorized to use the InQubeta crowdfunding space secure capital by tokenizing investment opportunities in these ERC20 coins and selling them to investors on the nft market. Investors can resell these tokens whenever they want to withdraw them or hold them for the long term.
Buying and holding QUBE for the long term is another way investors can earn exponential returns on their capital. The tokens sell for $0.028, but some analysts expect them to be worth a few dollars once they are listed on exchanges. The success of InQubeta's pre-sale indicates that it could be one of the top ten cryptocurrencies by market capitalization in the coming years, positioning investors to gain generational wealth.
bitcoin (btc) Trading Volume Increases 65%
bitcoin trading has increased considerably in recent days. Its price recently surpassed the $71,000 resistance level before falling slightly as investors look to buy the tokens ahead of the April 19 halving event. Metrics like btc's 10-day momentum at 1,851 indicate that prices will rise further in the coming days, possibly setting a new ATH ahead of the April 19 halving.
Institutional investors can now benefit from btc price movements and access them through their traditional investment accounts thanks to the launch of exchange-traded funds in January. The new asset class is expected to bring $5 trillion to the cryptocurrency market by the end of the year and much more in the coming years.
Some, like Ark Invest founder Cathie Wood, believe btc could be priced above $1 million thanks to the capital brought in by ETFs.
If you're wondering which crypto to buy, btc and QUBE should be on your list. btc price should double before the end of the year, while QUBE could enjoy up to 100x growth due to the investment prospects it offers to investors.
To learn more about this project, ai?utm_source=PR&utm_medium=organic&utm_campaign=crn&utm_content=196″ rel=”nofollow” target=”_blank”>visit InQubeta pre-sale website either Join the communicationunit
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