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Altcoins Strategy Amid Crypto Market Crash: Analyst Insights

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Popular Youtuber and Crypto Analyst Michael recently released a video in which he explained the current crash in the crypto market and how it affects Bitcoin as well as Altcoins. Michael’s observations are intended to help investors navigate through these challenging periods with the focus on the need to make sound decisions and understand markets.

The current market has been termed as one of the worst in the history of altcoins such as Arbitrum and Optimism. Similarly, Bitcoin has also depreciated to the lowest it has been since October of last year and is trading at around $54,000. 

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Altcoins Performance Defies Macroeconomic Trends

Notably, this decline is not being influenced by macroeconomic variables because the US dollar is depreciating and the price of gold is increasing due to uncertainty in the global market. Historically, a weak dollar should be good for Bitcoin, but the opposite is taking place.

Michael also notes that the yields on the US Treasury bonds, which are a key meter for risk on and risk off assets have also gone down. This situation should be more favorable for Bitcoin, but the currency deviates from this pattern. He dismisses this difference to other market determinants specific to the crypto market as opposed to general economic factors.

As stated by Michael, the main cause for Bitcoin’s decline is Germany’s decision to liquidate some of its Bitcoin holdings. As a result of this, the market has been severely panicked and put under pressure to sell by cutting down Germany’s Bitcoin stash to 3.2 billion to 2.3 billion. Also, the much-awaited repayments from the Mt. Gox have started and huge amounts of Bitcoins have been sent to the exchanges which has aggravated the market situation further.

Analyst’s Altcoin Optimism

However, Michael does not lose hope for the better in the given situation as the overall mood is rather negative. He adds that we are possibly in a similar place to where we were after the FTX fiasco, which is suggestive of the market having reached its low. He says such events occur at the onset of market rally and should be viewed as a buying opportunity by the investor.

This is Michael’s own investment approach and he has disclosed that he is now more interested in the alt-coins than in the Bitcoins. He knows full well that the situation is unpredictable and dangerous but does not waver. He tries to assess altcoins against Bitcoin instead of USD in his trading, and the end goal is to hold more Bitcoin, which in his opinion is the best kind of money in the current environment.

For example, even though his USD portfolio value has been affected negatively, his Ethereum, which is an altcoin, has proven to be quite stable when valued against Bitcoin. This strategy shows his long-term vision of the Bitcoin value and, therefore, his desire to buy more at the current prices.

The analyst also stresses the need to choose the correct altcoins. However, the newer coins may have higher returns and hence may be more profitable but they are also risky. Michael also told investors not to panic and to stick to their plans and forget the short term performance of the stock markets. He also focuses on the issues of conviction and allocation when it comes to trading in a highly volatile environment such as the crypto market.

Shiba Inu Prepares For Surge, ADA Faces Levels, ARB Rally Continues Post-ETF

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The Shiba Inu (SHIB) cryptocurrency is gearing up for a potential market explosion, with its recent chart analysis signaling the possibility of a genuine rally. Notably, SHIB’s chart exhibits a conspicuous absence of substantial resistance levels beyond the psychological barrier at around $0.000012. This bullish indicator suggests that Shiba Inu could capitalize on the existing trend and embark on a robust rally with limited obstacles in its path.

Current trading patterns reveal Shiba Inu’s steady climb, bouncing from a sturdy support level at $0.000009 and consistently forming higher lows. This trajectory brings SHIB closer to a critical resistance level. Should the cryptocurrency successfully breach this resistance, the path may be clear for a significant upward movement, rekindling the enthusiasm reminiscent of its historic rise in May 2021.

shib
Shiba Inu Prepares For Surge, ADA Faces Levels, ARB Rally Continues Post-ETF 3

Given SHIB’s historical penchant for explosive growth spurred by community hype and broader market rallies, the recent approval of a Bitcoin spot ETF may propel Shiba Inu to harness renewed investor enthusiasm, potentially leading to a rally reminiscent of its past successes.

Meanwhile, Cardano (ADA) undergoes scrutiny as it tests pivotal resistance levels that could shape its immediate trajectory. The first noteworthy resistance is at $0.58, a former support level that has now transformed into a hurdle ADA must surpass to maintain its bullish momentum. Another crucial resistance lies at $0.60, a psychologically significant level historically associated with considerable sell orders.

Shiba Inu Spotlight: ADA Support, Arbitrum Rally, Ethereum’s Layer-2 Shift

On the support side, ADA finds a reliable safety net at $0.53, which has consistently acted as a launching pad for price rebounds throughout the month, indicating robust buying interest.

Despite favorable crypto market conditions, ADA’s current position remains delicate, with potential volatility as it contends with these resistance levels. The ability to break through and sustain positions above these hurdles will determine whether Cardano can transition from its current turning point into a sustained upward trend.

In the realm of Layer-2 solutions, Arbitrum is experiencing an impressive rally, showcasing the escalating interest in these solutions within the Ethereum ecosystem. Ethereum’s ongoing scalability challenges fuel this surge, with solutions like Arbitrum gaining traction and becoming key investment focal points.

ARB’s price has recently surpassed the significant $2 mark, a former strong resistance level. The rally, accompanied by a notable increase in volume, signals solid conviction among buyers and suggests the potential for a sustained trend. The next critical resistance for ARB is forming around the $2.50 mark, historically a point of price rejection. A successful breakthrough at this level could trigger a more aggressive bullish phase for Arbitrum.

Layer-2 networks like Arbitrum emerge as primary beneficiaries of the Ethereum rally, offering the scalability solutions urgently needed by the second-largest blockchain by market cap. With Ethereum grappling with high gas fees and network congestion, the growth potential for layer-2 tokens is substantial, providing cheaper transactions and fostering a more efficient decentralized finance ecosystem.

Crypto Weekly Recap: Bitcoin & ETH Recover While Some Altcoins Surge

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Bitcoin (BTC) and Ethereum (ETH) faced a sudden and steep decline on January 3, wiping out their gains from the previous week. However, both cryptocurrencies recovered and retested their resistance levels in the following days. The overall market trend remained bearish, but some lower-cap altcoins showcased impressive gains, maintaining their weekly uptrend.

On January 3, Bitcoin’s price plummeted by over 10% to $40,800 before bouncing back. This decline coincided with the release of Matrixport’s report for its clients, suggesting that spot Bitcoin ETF proposals, expected for regulatory approval, might face rejection by the United States Securities and Exchange Commission (SEC) this month. Matrixport researchers expressed concerns about the current SEC leadership’s stance on crypto, indicating a potential hurdle for Bitcoin Spot ETF approvals.

Despite the challenges, Bitcoin managed to recover its losses. Altcoins in the top 50 cryptocurrencies list also exhibited notable performances, with Celestia (TIA) leading the pack. Celestia (TIA) saw a remarkable 24% surge over the past week, reaching a peak of $17.24. As of the latest data, TIA is trading at $14.97, reflecting a robust 5.80% increase in the last 24 hours.

TIA 7D graph coinmarketcap
Celestia (TIA) 7-Day chart | Source: CoinMarkercap

Sei (SEI) secured second position among the standout performers. SEI recorded a 20% gain over the past week, currently trading at $0.7076 with an 8.46% price increase in the last 24 hours.

SEI 7D graph coinmarketcap 2
Sei (SEI) 7-Day chart | Source: CoinMarkercap

Moreover, Lido DAO (LDO) secured third position among the standout performers. LDO, with a weekly increase of over 18%, is trading at $3.14, showing a 0.81% price increase but a 38.56% decrease in trading volume within the last 24 hours.

LDO 7D graph coinmarketcap
Lido DAO (LDO) 7-Day chart | Source: CoinMarkercap

Other notable altcoins, including Arbiturm (ARB), Stacks (STX), and Maker (MKR), also reported gains in their weekly charts, with ARB up by 17%, STX by 14%, and MKR showing a 5% increase, according to CoinMarketCap.

Bitcoin (BTC) & Ethereum (ETH) Weekly Review

Bitcoin faced a downward trend this week, dropping to $40.8K, while Ethereum also fell to 21,13. Santiment reported that Bitcoin is slightly falling as the weekend begins and warned of possible volatility due to whale transactions reaching their highest level since June 12, 2022. When whales move large amounts of coins, prices often indicate a change in the market cycle.

Crypto analyst Ali noted that About 1.11 million $BTC were purchased between $42,560 and $43,245 and have not been moved yet, creating a strong support wall.

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This level could be crucial for Bitcoin’s future direction. If Bitcoin can stay above it, there is little resistance to stop it from climbing higher. But if $42,560-$43,245 breaks down, a sharp drop to the next key zone between $26,770 and $30,220 could follow.

Bitcoin price is currently trading at  44,036 with a 24-hour trading volume of 101.00B, a market cap of $ 862.77B, and a market dominance of 52.13%. The BTC price increased 0.43% in the last 24 hours and 4% in the last week.

BTC 7D graph coinmarketcap 18
Bitcoin (BTC) 7-Day chart | Source: CoinMarkercap

Meanwhile, Santiment shared via X post, Ethereum has been steadily recovering toward its local top resistance level of $2,444 as crypto prices bounce back today. Interestingly, the largest $ETH non-exchange whales are buying more coins, while exchange whales remain low.

Additionally, on January 5, Ali stated that After the recent sell-off, there’s been a significant rebound, with over $2.5 billion coming back into the crypto market. This inflow could indicate a revival of investor sentiment and a positive shift in the market.

Ethereum price is currently trading at  2,225.29 with a 24-hour trading volume of 35.95B, a market cap of $ 267.45B, and a market dominance of 16.16%. The ETH price decreased by 0.64% in the last 24 hours and a 2% decrease in the last week.

ETH 7D graph coinmarketcap 18
Ethereum (ETH) 7-Day chart | Source: CoinMarkercap

Related Reading |  Injective (INJ) Token Unlock Nears: Analyst Foresees Surge To $60 Amidst Volatility 

Bitcoin’s Soaring Surge Sets The Stage For Altcoin Boom In Early 2024

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Bitcoin (BTC) has catapulted to a market value of $45.8K, marking its highest point since April 2021. Santiment, a leading crypto analytics firm, reveals that this surge has not only captivated the crypto community but has also paved the way for altcoins to make significant strides in the early days of 2024.

According to Santiment, several breakout assets are closely following tight social volume patterns, with the potential for substantial runs if the notorious Fear of Missing Out (FOMO) sentiment can be kept at bay. Notable among these altcoins are Bitcoin SV ($BSV), Internet Computer ($ICP), Filecoin ($FIL), Arbitrum ($ARB), Maker ($MKR), and Serum ($SEI).

Santiment’s latest insight report also sheds light on key developments that have further solidified Bitcoin’s dominance in the market. On December 30th, the pioneering cryptocurrency experienced heightened market activity, spurred by significant announcements related to exchange-traded funds (ETFs) from investment firm VanEck and strategic moves by BlackRock.

December 29th witnessed a spectacular surge for Bitcoin SV ($BSV), which skyrocketed to rank 1, fueled by a formidable 60% price hike and an exhilarating trading frenzy. Santiment’s sentiment overview revealed that BSV enjoyed a wave of positivity on December 27th, driven by stellar price gains.

Altcoin Market Breaks Free & Bitcoin Consolidates

Cryptocurrency expert Michaël van de Poppe shared valuable insights via X post, highlighting that the total altcoin market capitalization has broken free from a 530-day range. This breakout, accompanied by a positive retest at $675 billion, confirms a strong upward momentum. Experts suggest that the next target points for altcoins could be $1 trillion and $1.25 trillion, indicating optimism in the market.

According to Van de Poppe, while altcoins are on the ascent, Bitcoin is currently consolidating around new highs. The crypto market is anxiously awaiting the potential approval of an ETF this week. Van de Poppe predicts that Bitcoin could see a spike to $48-50K if approved. However, he cautions that this could mark a temporary top, urging investors to tread carefully amid the volatile market conditions.

However, the interplay between Bitcoin’s monumental moves and the burgeoning altcoin market sets the stage for an exhilarating start to 2024. Enthusiasts are advised to stay vigilant, as the unpredictable nature of the crypto market promises both opportunities and challenges in the days ahead.

Related Reading |  Charting Crypto’s Transformative Trajectory: 5 Key Highlights From 2023

Polkadot (DOT) Sets New Record For Daily Transactions, Surpassing 1 Million

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In an unprecedented development for the Polkadot (DOT) protocol, daily transaction counts have skyrocketed to an all-time high (ATH), exceeding the 1,000,000 mark, according to on-chain data. This milestone represents a historic peak for the layer-1 blockchain network.

Prior to this significant surge, Polkadot’s previous record for daily transactions stood at 941,000 on May 5, 2021. Unlike the organic growth witnessed in the earlier spike, the current surge is notably attributed to the introduction of Ordinal Inscriptions.

The trend of Ordinal Inscriptions began this year on the Bitcoin (BTC) blockchain, offering a framework for creating digital collections registered on the smallest units of the blockchain. 

This innovation has not only led to a substantial increase in transaction counts but has also boosted miner revenue for Bitcoin. Recognizing the significance of these Ordinals, they have rapidly spread to other prominent layer-1 blockchains, including Litecoin (LTC).

Polkadot Leads The Charge

Ordinal Inscriptions have emerged as a central theme in the Web3.0 ecosystem, exerting a profound influence on sentiments across diverse protocols. Notably, Polkadot spearheads this transformative trend, with other blockchains like Avalanche (AVAX), Arbitrum (ARB), and Shiba Inu’s Shibarium following suit and witnessing the ripple effects of this innovative development.

Ordinal Inscriptions have become a focal point in the Web3.0 ecosystem, influencing sentiment on various protocols beyond Polkadot. Blockchains such as Avalanche (AVAX), Arbitrum (ARB), and Shiba Inu’s Shibarium are currently experiencing the impact of this novel development.

The surge in Polkadot’s total transaction count has contributed to an 8.96% increase in the coin’s price over the past 24 hours, reaching $7.54. Consequently, DOT has successfully recovered from losses incurred in the previous week, achieving a 3.13% gain during this period.

With the influence of Ordinal Inscriptions, DOT may aim to retest the $8 price threshold. If successful, this accomplishment would not only represent the highest level for the year but also mark the most significant milestone since mid-August 2022. 

The potential for achieving this feat is further heightened when considering other noteworthy innovations taking place on the Polkadot network.

Shibarium’s Block Time Challenge: Pacing Up The Shiba Inu Layer-2 Revolution

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Shibarium, the Layer-2 scaling marvel of the Shiba Inu blockchain, has been grabbing headlines since its inception. Despite consistent achievements, its steady progress has prompted a critical examination of its block time, currently set at a commendable 5.0 seconds, according to Shibariumscam. While this block time is noteworthy in blockchain protocols, nuances emerge upon closer inspection. A pivotal factor is the transaction load on the protocol compared to its counterparts.

On-chain data reveals that Shibarium processes an average of 11.47K daily transactions, a decline from its October peak of 33.05K. To provide context, since its mainnet launch in August, Shibarium has executed 3,497,383 transactions. By contrast, Ethereum-based protocols like Arbitrum (ARB) and Optimism (OP) handle an average of 17.68 million and 8.03 million monthly transactions, respectively.

Shibarium’s Race For Optimal Block Time

This statistic suggests that if transaction volume exceeds the current capacity, it could increase block time, causing transaction congestion. Shibarium’s block time has remained fixed at 5.0 seconds for an extended duration, exhibiting no discernible fluctuations. To gain an edge in the competitive arena, it’s core team must shift their emphasis towards refining block time, aiming for exceptional performance.

As a relative newcomer in the Layer-2 space, Shibarium must leverage every available advantage to outpace its peers and capture a larger market share. While the project continues to break records, the imperative lies in honing its block time for it to emerge as a dominant force in the Ethereum Layer-2 ecosystem in the foreseeable future.WiFi5FkldNem70S3AhcaVsnXpNMCSneQb9 Aie3HovZsXKA90wPgqbZ68yjRh5A2SQd14BANU3Yn8HH2yDqe6VCSUlPK3gv9BISKgGswKTarq2uHe49PyAF 0JKFTUgXRsjXayuiSC5DpsTuKGuK76U

Source: Tradingview.com

Shiba Inu is trading at $0.000006919, with a 24-hour trading volume of $94,250,138. This reflects a -2.01% decrease in price within the last day, alongside a 0.53% upswing over the past week.

While Shibarium has made remarkable strides, its block time is pivotal in its future trajectory. Focusing on this aspect could be the key to unlocking its full potential in the dynamic world of blockchain technology.

Related Reading: | TrueCoin Uncovers Breach Vulnerability: TUSD Users on Edge

Crypto Recap: Bitcoin & Ethereum Battle Support Bearish Week Hits Altcoins Hard 

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During the past week, the cryptocurrency market witnessed a downturn characterized by a bearish trend. The entire week encountered a decline marked by a less favorable performance of Bitcoin and Ethereum. After experiencing significant dips in value, Bitcoin and Ethereum regained some of their value.

In addition to the major cryptocurrencies, Altcoins encountered a notable decrease over the recent week. Nonetheless, as the week drew close, they managed to recuperate some losses. Despite this recovery, a considerable portion of coins displayed unfavorable trends on the weekly and daily charts.

THORChain (RUNE) is at the top of the list of 80 altcoins experiencing a significant decrease in value this week, followed by ApeCoin (APE) and Arbitrum (ARB), second and third place, respectively. 

RUNE 7D graph coinmarketcap 1
Source: CoinMarketcap

THORChain (RUNE) experienced a notable decrease of 22% over the course of the past seven days; however, it has been struggling to make a slight recovery, according to the daily chart. As of now, RUNE is being traded at $1.70, reflecting a 1.57% decrease within the last 24 hours. 

Meanwhile, ApeCoin (APE) is also experiencing a decline. Over the past week, APE has experienced a decrease of approximately 15%. Currently, APE is trading at 1.03. In the last 24 hours, the token has experienced a 2.05% decrease, while its trading volume has increased by 1.90% in the same time period.

APE 7D graph coinmarketcap
Source: CoinMarketcap

Additionally, Arbitrum (ARB) has also shown a notable decrease of about 13%. As of now, ARB is trading at $0.843, with a decline of 2.11% in the last 24 hours.

ARB 7D graph coinmarketcap
Source: CoinMarketcap

Moreover, some popular coins are experiencing a decline in weekly charts, including Optimism (OP) at 13.04%, Polkadot (DOT) at 9.05%, and ETC at 8.05%, according to the data from CoinMarketcap. 

Bitcoin (BTC) & Ethereum (ETH) Weekly Review

During the previous week, Bitcoin experienced a significant drop in value as it neared a critical support level of approximately $27,250. The week began with a minor price increase, with Bitcoin reaching $28,390 before returning to the support level. Throughout the week, Bitcoin’s trading activity remained confined to a narrow range, consistently below the $28,000 mark.

BTC 7D graph coinmarketcap 4
Source: CoinMarketcap

Santiment’s recent tweet highlighted a notable trend in Bitcoin, where the largest number of coins (over 10,000 BTC) were withdrawn from exchanges, marking the highest such movement since September 7th.  Concurrently, Bitcoin, the leading cryptocurrency by market capitalization, is attempting a second rally to breach the $28,000 market price threshold. This situation underscores the significance of utility in the crypto space, especially considering that the number of unique addresses has reached its lowest point in six weeks.

Meanwhile, Ethereum enjoyed a favorable trading range above the $1,600 mark, indicating relative stability throughout the week. However, as the week concluded, the price dipped to the support level. 

ETH 7D graph coinmarketcap 5
Source: CoinMarketcap

Notably, on October 6th, Santiment’s tweet pointed out that Ethereum traders exhibited signs of mild panic, and the network saw some of the highest levels of traders realizing losses as opposed to profits all year. These indicators typically suggest the possibility of a short-term rebound opportunity in the Ethereum market.

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According to CoinMarketCap, Bitcoin is trading at $27,791.86, with a 1.82% decrease over the past seven days and a 0.54% decrease in the past 24 hours. On the other hand, ETH is being traded at $1,618.03, experiencing a 0.75% decrease in the past 24 hours and 6.72% over the past seven days.

Related Reading |  Crypto Conundrum: UK Regulator Adds 143 Exchanges To Warning List 

Stellar’s Surprise Surge: Will Short Squeezes Propel XLM Higher?

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Santiment, a prominent cryptocurrency analytics platform, highlighted Stellar (XLM) as the standout asset to watch in the new week due to its potential for a mini breakout. As of today, XLM has surged by an impressive 8%, catching the attention of traders and investors.

Stellar (XLM) has attracted consistent shorting activity among traders in the crypto community, indicating their belief in a potential price­ decline. This creates a situation where short squee­zes and liquidations may occur, leading to a rapid increase­ in XLM’s value.

Santiment’s twe­et also suggest closely monitoring a few other assets: $TON, $XMR (Monero), and $ARB. These cryptocurrencies might also show significant price­ movements in the coming days, which could make­ them appealing options for traders looking for opportunities in the volatile cryptocurrency marke­t.

Stellar (XLM) Recent Performance & Price Volatility

According to the latest data from CoinMarketCap, Stellar (XLM) is trading at $0.122584, boasting a remarkable 24-hour trading volume of $167,967,503. This impressive trading volume indicates a staggering 120% increase in market activity, reflecting growing interest in the asset.

XLM 1D graph coinmarketcap
CoinMarketcap

In the past 24 hours, Ste­llar witnessed a significant increase­ in price, amounting to 5.70%. Additionally, over the span of a week, it displayed a rise of 3%. Curre­ntly ranked 22nd on CoinMarketCap, Stellar boasts a marke­t capitalization of $3 billion. Moreover, it has an impressive­ circulating supply of 27,464,247,989 XLM coins and a maximum supply of 50,001,806,812 XLM coins.

Regarding market sentiment, technical indicators suggest a neutral outlook, while the Fear & Greed Index stands at 40, indicating a state of fear among investors. Stellar’s recent performance includes 13 out of 30 (43%) green days, with a price volatility of 7.22% over the last 30 days.

The general sentiment in the Stellar price prediction landscape is neutral, with 20 technical analysis indicators signaling bullish and 10 signaling bearish signals.

Looking ahead, according to CoinCodex, Stellar’s 200-day Simple Moving Average (SMA) is expected to rise in the next month, reaching approximately $0.108896 by October 3, 2023. 

Additionally, the short-term 50-day SMA is estimated to reach $0.122491 by the same date. However, the cryptocurrency market continues to offer exciting opportunities as traders and investors gear up for the week ahead. At the same time, those assets mentioned by Santiment are certainly ones to keep an eye on for potential price volatility and breakout potential.

Related Reading | India’s NPCI Seek Blockchain Expertise in Revolutionizing Payment Systems

As Uniswap (UNI) And Arbitrum (ARB) Face Volatility, Crypto Whales Set Sights On InQubeta (QUBE) Presale 

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Amid the volatility surrounding popular cryptocurrencies like Uniswap (UNI) and Arbitrum (ARB), crypto whales are now turning their attention to InQubeta’s (QUBE) presale. To diversify their portfolios and seek potential investment opportunities, these influential players closely monitor the developments surrounding QUBE. This seems to be an exciting adventure as InQubeta aims for a massive ROI. 

InQubeta, a promising DeFi project with many expectations, is set to revolutionize the artificial intelligence (AI) technology landscape through blockchain technology. The allure of QUBE lies in its innovative approach to connecting AI startups with investors. Its efficient and seamless investment process has ignited the interest of many investors, with a corresponding growth in InQubeta’s presale.  

In this article, we’ll explore InQubeta and the possible reasons crypto whales are interested in it amidst the volatility of Uniswap and Arbitrum.

InQubeta (QUBE) Makes A Difference With Its Innovative AI Technology Investment Approach 

The growing attention of crypto whales has led to increased adoption of the InQubeta cryptocurrency. While still in its early stages of development, InQubeta has recorded tremendous presale growth. With over 75% of Beta Stage QUBE tokens sold, the DeFi project has raised over $300k in funds. Advancing in a series of stages, there is a high possibility that QUBE tokens might be exhausted before the completion of the presale. 

With a current starting price of $0.007, each new stage comes with a corresponding increase in the QUBE token price. While there are nine more stages to go, the next stage price of the QUBE token will be $0.00875 before it is finally launched for $0.0308. While it has yet to go live in the crypto marketplace, QUBE is already listed among the best cryptos due to its exceptional investment opportunities and massive returns. 

To address traditional investment risk in startups, InQubeta has been developed on the ERC20 Ethereum blockchain to become a more secure and transparent investment platform. InQubeta utilizes non-fungible tokens (NFTs) as assets to create an ecosystem that benefits investors and AI startups. By creating and listing their NFTs on InQubeta’s NFT marketplace, startups can easily access funds to support their innovative ideas when investors purchase them with the QUBE token. 

As a deflationary token, there is a 2% buy and sell tax that results in QUBE tokens going to a burn wallet. As this seeks to create a scarcity of QUBE tokens over time, there will be a corresponding effect on the price increase of QUBE. Coupled with the 5% sell tax that goes to the reward pool, investors have a variety of benefits from the unique InQubeta project. 

Visit InQubeta Presale 

Uniswap (UNI) Emerges As An Automated Market Maker

Uniswap is an open-source cryptocurrency built on the Ethereum blockchain to facilitate the automated trading of tokens. While launched in 2018, Unisawp successfully created the UNI as its governance token two years later. This created a more profitable Uniswap ecosystem, attracting many aspects of decentralized entities.

The distinctive automated market maker (AMM) methodology used by Uniswap, which establishes token prices using a fixed ratio of reserves, is one contributing factor to the price volatility on the platform. While Uniswap has had an all-time high price of $44.97, UNI currently struggles to rise above the $10 price. 

Arbitrum (ARB) Longs For Price Momentum 

Arbitrum is popularly known as the Ethereum layer-2 protocol. Arbitrum was designed to solve the scaling problem faced by the Ethereum blockchain. Arbitrum uses the optimistic roll-up algorithm to enhance the speed, scalability, and efficiency of the Ethereum blockchain. The Arbitrum ecosystem is powered by ARB, its native currency, for easy transactions and inclusive governance processes.

Although ARB has been experiencing a fluctuating price lately, which has created concern among investors, its price is still above the $1 mark. From analysis, Arbitrum price volatility has been attributed to the sudden increase in buying and selling transactions after the airdrop season. Arbitrum seeks to expand its validators set to attract more independent institute validators across the globe. 

Final Thoughts

While Uniswap and Arbitrum struggle to maintain steady price growth, the InQubeta presale offers an exclusive opportunity for early backers to secure their stake in the project. With the involvement of crypto whales in the ongoing InQubeta presale, there is no doubt that QUBE could be among the best cryptos in the crypto market. With a low price of $0.007, this could be the best time to invest in QUBE before it increases to a lunch price of $0.0308.

Visit InQubeta Presale