The Bitcoin ETF market effects following the SEC decision on Bitcoin ETFs on January 10 were largely underwhelming. Although excitement was initially high following the approval, with BTC briefly surpassing $48,000, a top analyst predicts a Bitcoin price correction post-ETF.
At the same time, InQubeta (QUBE), a top ICO and the rave of the moment, nears the $10 million fundraising goal after blasting through $8.5 million. This post will cover why it is the best new crypto to invest in and a bullish play not to miss out on.
InQubeta (QUBE): Nearing $10 Million in Presale
If we are to discuss what the best ICO is right now, InQubeta (QUBE) will likely be in the conversation. It has raised a staggering $8.5 million in early funding so far, with sights set on $10 million next. This impressive figure is thanks to its innovative concept as a blend of AI and crypto and its astounding growth potential.
Positioned at the intersection of AI and crypto, this AI altcoin has been stirring up quite a buzz. It is hailed as the most bullish narrative currently, and its unique offering includes transforming the fast-rising AI sector with blockchain technology. The areas it will be focusing on are primarily fundraising and accessibility, which are the most pressing.
To address these challenges, it will build the first crowdfunding platform for AI startups through crypto. In addition, its custom-built NFT marketplace will enable tech startups to source capital by minting investment opportunities, which will be represented as NFTs and offered to investors. Interestingly, there will be no limit on investment.
In light of the above, InQubeta appears poised for adoption, and you can become an early adopter. The presale is in stage 7, and a token costs only $0.0224. According to experts’ predictions, it will experience a 50x rally after its launch, making it a promising play not to miss out on.
Bitcoin (BTC): Anticipated Price Correction After ETF
After a decade-long wait, investing in BTC ETFs has now become a reality in the wider financial ecosystem. The wait was worth it in the end, signifying a significant stride towards mainstream adoption. In the first three days after the launch of Bitcoin ETFs, trading volume surpassed $9.4 billion. That isn’t all. In less than two weeks after the market launched, it overtook silver to become the second-largest ETF commodity, behind only gold.
Prior to the eventual approval of spot Bitcoin ETFs by the US SEC on January 10, Bitcoin rode the bullish speculative wave. During the launch of the market, the ETF impact on crypto prices included Bitcoin soaring past $48,000. However, with investors “selling the news” following its approval, an analyst predicted a significant price correction post-ETF.
Given the post ETF drop, BTC could likely retest the $35,000 level, warns the analyst. He continued by saying that the lack of excitement, which initially propelled the market, will see it revert to its original price before the ETF frenzy. He finished by expressing that the natural growth of the ETF market will push up its price afterward, but not without a correction first.
Despite the fear of a price reversal, it should be seen as an opportunity to accumulate more BTC at a discounted price. With 2024 set to be bullish, Bitcoin remains one of the best cryptos to buy now.
Conclusion
The Bitcoin price correction post-ETF continues, and according to a top analyst, BTC could dip as much as $35,000. Meanwhile, a development creating a level of excitement is the InQubeta presale and its anticipated launch. Primed for a 50x rally after launch, you can become an early adopter by following the link below.
