It has been weeks since the SEC decision on Bitcoin ETFs, with altcoins now receiving a fair share of attention. In the spotlight are Solana (SOL), which appears to have hit a price ceiling, and Jupiter (JUP), a new DEX aggregator.
Solana has been struggling at the $100 level, which many have tagged as a ceiling. On the other hand, following the buzz around the JUP airdrop and the token claim earlier this week, Jupiter’s decline continues.
Meanwhile, InQubeta (QUBE), a new AI altcoin, grabs investors’ attention as an emerging AI altcoin. Poised to skyrocket after launch, it is well-positioned as the best new crypto to invest in.
InQubeta (QUBE): An Emerging and Promising AI Altcoin
InQubeta (QUBE) has been hailed as one of the most bullish narratives, standing at the intersection of AI and blockchain. With investors swarming the ICO, it recently soared past $8.6 million in early funding as it targets the $10 million fundraising milestone.
The remarkable presale performance is due to its innovative concept and the critical problem it aims to solve. As an AI altcoin, it seeks to reshape the disruptive AI sector, making it poised for massive adoption. It will build the first crypto-based crowdfunding platform for AI tech startups and an NFT marketplace for all AI fundraising and investment activities.
To raise capital, AI startups will mint investment opportunities as equity-based NFTs. These NFTs will then be divided into bits, thereby allowing investors to own stakes in ground-breaking AI ventures regardless of their income.
In stage 7 of the presale, a token costs just $0.0224. Industry experts tip it for an 80x rally after its launch, positioning it as one of the best cryptos to buy now. Given its staggering upside potential, it is one of the most promising new ICOs and a good crypto to buy.
Solana (SOL): Battle of the Bears and Bulls
Solana (SOL) was one of the biggest highlights of 2023. It skyrocketed from $10 at the start of the year to breaking the $100 resistance at the end. What an astounding run it had—a green year for holders.
It faced bearish pressure following the fall in investor sentiment post BTC ETF, dipping below $80. However, momentum has been regained, but staying above $100 has been a struggle. The tussle between the bears and bulls continues, with the coming days determining Solana’s next trajectory.
Nevertheless, regardless of its next move—decline or not—Solana has a promising outlook in 2024. According to forecasts, it will likely reclaim its all-time high of $260, making it one of the most bullish plays right now.
Jupiter (JUP): Time to Buy the Dip?
The growth of the Solana ecosystem gave birth to Jupiter (JUP), a decentralized exchange (DEX) aggregator. Its goal includes providing essential liquidity infrastructure for the Solana ecosystem, and its rise has seen it outpace popular DEXs.
The hype around the JUP airdrop saw many traders participating in airdrop farming. Everyone wanted a slice of Jupiter—2024’s biggest airdrop so far. Earlier this week, eligible users claimed their JUP tokens, stirring up much buzz within the crypto community. Expectedly, the price took a downturn as traders took profit.
If you are wondering if now is the right time to buy the dip, there is no right answer. Jupiter has significantly declined by over 60%, with the possibility of a further dip or a bounceback. Nevertheless, we suggest DCA (dollar-cost averaging) if you plan on entering the market.
Conclusion
Solana appears to be having a bit of difficulty at the $100 level, with the bears and bulls struggling to determine its next trajectory. Meanwhile, Jupiter’s fall continues—although a bounce is on the books—while InQubeta excites investors. To become an early QUBE holder, follow the link below.
