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Bitcoin’s price is expected to experience a significant surge if it can maintain its support level of $71,000 leading up to the halving event on April 19th.
Previous halving events have resulted in Bitcoin reaching new all-time highs (ATHs). However, this time is different due to the introduction of spot exchange-traded funds (ETFs).
Since the launch of ETFs in January, Bitcoin has set multiple ATHs and its market cap has increased by over 100%. The approval of ETFs is a major milestone for the cryptocurrency, as it allows institutional investors to bring in trillions of dollars into the market.
Bitcoin has broken through its $71,000 resistance level for the second time, reaching a new ATH of $73,750. While it has since dropped slightly, it is still trading above $70,000. This has led some analysts to predict exponential growth for Bitcoin, with potential prices exceeding $160,000 by the end of 2024.
Another cryptocurrency to keep an eye on is InQubeta (QUBE), a top DeFi coin. Its presale has already brought in over $13.4 million, just shy of the $15 million raised by Binance Coin (BNB) during its initial coin offering.
InQubeta plans to demonstrate the utility of non-fungible tokens (NFTs) by using ERC20 coins to create a crowdfunding-based investment system. The goal is to make investing in artificial intelligence (AI) more accessible for global investors.
As an Ethereum-based blockchain, InQubeta allows users to create NFTs within its ecosystem. These tokens serve as a replacement for stocks and offer similar investment opportunities.
Investors can buy QUBE tokens during the presale and hold onto them long-term for potentially exponential returns. With a current price of $0.028, analysts predict it could reach a few dollars when released on exchanges. The success of InQubeta’s presale suggests it could become one of the top ten cryptocurrencies by market capitalization in the next few years, providing investors with generational wealth opportunities.
Bitcoin’s trading volume has also seen a significant increase, jumping by 65% in the past few days. Its price has surpassed the $71,000 resistance level, and metrics like the 10-day momentum indicator suggest it could reach a new ATH before the halving event.
With the launch of ETFs, institutional investors can now profit from Bitcoin’s price movements and access them through traditional investment accounts. It is projected that ETFs could bring $5 trillion into the cryptocurrency market by the end of the year, with even more potential growth in the years to come. Some experts, such as Ark Invest founder Cathie Wood, believe Bitcoin could reach prices over $1 million due to the influx of capital from ETFs.
If you’re looking to invest in cryptocurrencies, Bitcoin and QUBE should be on your radar. Bitcoin’s price is expected to double by the end of the year, while QUBE could potentially see 100x growth due to its unique investment opportunities.
To learn more about InQubeta’s presale, visit their website or join their community.
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