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The post Bitcoin (BTC) Drop Didn’t Stir the Waters; Whales Set Sights on Hedera (HBAR) & InQubeta (QUBE) appeared first on Coinpedia Fintech News
The world of cryptocurrency has been abuzz with activity lately, with Bitcoin ($BTC) experiencing a noticeable pullback from its recent highs. This dip in Bitcoin’s price last week, from the $28,000 mark to stabilizing around $27,600, was not isolated. However, amidst this turbulence, two top altcoins have been making headlines: Hedera ($HBAR) and InQubeta ($QUBE). Let’s look into each of these developments more closely.
Bitcoin ($BTC) Dips Without Causing Alarm
While Bitcoin’s ($BTC) price retreat has garnered significant attention, it has not stirred the waters as much as one might have expected. There are other developments in the market that have caused more concern, such as the uncertainty of the broader crypto regulatory landscape. The U.S. SEC’s ongoing legal challenges against cryptocurrency giants like Binance ($BNB) and Coinbase ($COIN) underscore the volatile regulatory environment, highlighting the need for well-defined frameworks.
Adding to the turbulence, U.S. Treasury bond yields have substantially increased, diverting investments away from riskier assets, including top crypto coins like Bitcoin. This redirection of capital and increased market caution has a ripple effect on the valuation of digital assets. Traditional markets, such as stocks, have also felt the impact, with the S&P 500 dropping to levels reminiscent of earlier market dips.
This market instability extends to the ASX200, a key stock market benchmark, which has sunk nearly 2% two weeks ago. These developments highlight the broader volatility in traditional and digital assets.
What does this mean for Bitcoin? Bitcoin remains a top ten cryptocurrency and the best crypto to buy for many. However, its recent dismal performance didn’t have as much of an impact as its past market dips. This may be due to several factors, the most notable among which are the global economic environment and regulatory uncertainty. It may also signal a shift in investor sentiment towards emerging coins – speculation supported by the recent gains in terms of volume and market cap of several top altcoins.
Hedera ($HBAR) Expands and Catches Whales’ Attention
In contrast to the uncertainty surrounding Bitcoin and traditional markets, Hedera ($HBAR) has made significant strides in expanding its reach. The Hashgraph Association recently announced a partnership with Dar Blockchain, a WEB3 company based in Tunisia, intending to accelerate network adoption through various initiatives. This marks one of Hedera’s first forays into the African region.
The collaboration between Hedera and Dar Blockchain will focus on onboarding and supporting projects in the Middle East and Africa. Notably, both entities will establish an incubation program to host promising programs on the Hedera network. This partnership underscores Hedera’s commitment to fostering organic growth and expanding its African presence.
Hedera’s growth can be partially assessed by its Total Value Locked (TVL), which indicates liquidity within the ecosystem. Its TVL experienced significant growth, peaking at $45.64 million in February 2023. This suggests an ongoing trend of expansion and development for the network, which is likely the reason whales have set their sights on it.
InQubeta ($QUBE) Draws Interest from Whales
Among the growing list of cryptocurrencies, InQubeta ($QUBE) is emerging as a top choice for investors as the best cryptocurrency to buy now. InQubeta is a blockchain-based platform focusing on crowdfunding and fractional investment in AI startups, utilizing its native token, $QUBE. What sets it apart is its unique approach to AI startup funding and investment. It combined with the deflationary nature of the $QUBE ERC20 coins.
$QUBE operates on the Ethereum blockchain and incorporates a deflationary mechanism with a 2% tax on transactions, directing funds to a burning wallet. This gradual reduction in token supply can potentially increase its value over time because the token becomes a scarce resource with a high demand. A 5% sell tax also goes to a dedicated reward pool for investors who stake their coins.
InQubeta ($QUBE) NFT marketplace
InQubeta’s NFT marketplace is a crucial component of its ecosystem, facilitating AI startups in raising funds and offering reward and equity-based NFTs that represent investment opportunities in their respective companies. Platform users can easily invest in these projects by first purchasing $QUBE tokens and then buying the NFTs of startups in which they wish to invest.
This approach fosters growth in the AI startup sector and offers unique investment opportunities to token holders. It also democratizes access to investments in high-potential startups because it enables a broader range of investors – even those with minimal capital – to participate in the process. In contrast, traditional fund-raising methods typically only allow high-net-worth individuals and institutions to invest because of stringent entry requirements.
Furthermore, InQubeta ($QUBE) has executed a governance system through its token, permitting holders to actively participate in platform decisions. This democratic approach improves community engagement and empowers users to shape the platform’s future. With a growing Twitter following and increasing interest in its unique features, InQubeta’s vibrant community actively contributes to its development and success.
InQubeta ($QUBE) has yet to officially launch, but whales are already taking notice because of its successful pre-sale campaign. Now in its fourth stage, the event has already raised more than $3.5 million. This figure is expected to increase as the campaign progresses, generating even more interest in the project. This will likely result in a surge in demand and a substantial price hike for $QUBE, making it one of the altcoins to watch this year.
Conclusion: Embracing Opportunities with InQubeta ($QUBE)
In a crypto landscape marked by Bitcoin’s fluctuations and regulatory uncertainty, two standout altcoins to buy – Hedera ($HBAR) and InQubeta ($QUBE) – are capturing attention.
Hedera’s expansion and growing TVL point to promising growth. However, InQubeta ($QUBE) shines with its innovative AI startup funding, deflationary $QUBE token, and a dynamic and popular NFT marketplace. The governance system empowers the community, and speculators anticipate a potential 1,800% value surge in the next bull run. InQubeta presents a compelling opportunity for those seeking innovation and substantial growth potential in their crypto investments. As the crypto world evolves, consider joining the journey with InQubeta ($QUBE).
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