There is finally a shot at approval after several failed attempts at launching a spot exchange-traded fund (ETF) for the number one coin on the decentralized cryptocurrency list, Bitcoin (BTC). Towards the end of 2023, US Securities and Exchange Commission officials met with representatives of about seven parties looking to launch a spot BTC ETF, leading to speculations of approval in January 2024.
A new altcoin is making moves within the crypto market, attracting investors to its presale journey. InQubeta (QUBE) is an upcoming ICO focused on funding opportunities for tech startups affiliated with the artificial intelligence (AI) industry. The project uses non-fungible tokens (NFTs) to deliver fractionated investments to investors who, in turn, back these startups, raising funds for their growth. This article sheds light on the potential of a Bitcoin ETF approval while exploring InQubeta features that make it the best crypto to invest in for substantial returns in 2024.
InQubeta (QUBE): Surging Past Expectations
The QUBE presale is on track to hit its $10 million milestone goal as it rounds up its sixth phase. The project has raised over $7.8 million and sold nearly 700 million tokens. Investors are rushing to claim this token at $0.01925, aiming to receive 60% ROI compared to the proposed launch price of $0.0308. Less than 7% of the tokens allocated to this phase remain, after which its DeFi coin price will rise to $0.0224, dropping the presale ROI to 37.5%.
InQubeta is drawing attention because of its utility. The project’s primary focus is to provide a platform where investors can support the AI industry and reap benefits from their support. Opportunities and utility within AI tech startups are minted into NFTs, allowing investors to hold fractions of what could be an expensive block. Through this crowdfunding model, they will earn passive returns as the companies grow and enjoy diversified portfolios as they can claim fractions in different companies.
The opportunities on InQubeta’s platform are not limited to trading these NFTs on a peer-to-peer marketplace. The blockchain ICO offers staking capabilities within its model, another avenue for investors to earn. InQubeta uses a dedicated staking pool funded by a buy-and-sell tax, where investors can claim rewards for staking their tokens. They’ll also potentially help boost the token’s growth through reduced supply and increased demand. The addition of governance rights further helps InQubeta position itself highly on the decentralized cryptocurrency list.
Bitcoin (BTC): Rising Optimism For The Number One Crypto Coin
Bitcoin’s DeFi coin price skyrocketed in 2023, exceeding $44,000 for the first time since April 2022. The OG token also recorded year-to-date gains of over 160%, pushing the crypto market into a highly anticipated bull run. This surge is attributed to the potential of a spot BTC ETF as investors and traders understand its implications. According to Bryan Armour, the director of passive strategies research for North America at Morningstar, this spot ETF would surpass other products on the market, as the rest are flawed to several degrees.
As January rolls in, speculations of SEC approval for the Bitcoin spot ETF are mounting. Over a dozen companies, including Blackrock and Valkyrie, await the go-ahead. Conversations between these firms, the SEC and asset managers have advanced to technical details, causing experts to believe that an approval could be in view early this month. With the next BTC halving event approaching in April, analysts have predicted the crypto coin could hit $1 million quickly.
Conclusion
Investors and traders have been anticipating a Bitcoin spot ETF for a long time, with their optimism causing significant surges for the crypto coin. Several factors point to approval in early January. With the halving event scheduled in a few months, Bitcoin is on the list of tokens that could deliver substantial returns in 2024. InQubeta remains a top option for those seeking the best crypto to invest in at a discounted price. The token’s presale journey continues to surge, and its proposed list price offers a significant increase for early investors.
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