Crypto Price Analysis for BTC, ETH & BNB; Hedera and Rising AI Altcoin Showcase Substantial Progress
The crypto market has been on a high ever since the Bitcoin (BTC) exchange-traded funds (ETFs) were rolled out in the US earlier this year. As the crypto spot ETFs were listed on the markets, they opened up new avenues in the sector by promising regulated access to cryptocurrencies.
Bitcoin (BTC), Ethereum (ETH), and Binance (BNB) have emerged as market leaders by posting a series of gains in the past week. While Bitcoin’s price increased by 17% in the past seven days, Ethereum and Binance Coin posted gains of 15% and 7% respectively. Experts feel that all three coins might witness another round of rallies this year.
As people realized the benefits of investing in BTC ETFs, the market clocked high inflows. As the interest continues, analysts expect Bitcoin to rise higher in the coming months while creating bullish conditions for Binance and Ethereum as well.
The altcoin sector has been abuzz with the growth of top tokens like Hedera (HBAR) and InQubeta (QUBE). Built on Ethereum, the latter platform promotes AI innovation by helping startups find resources for business growth.
InQubeta: Helping AI Startups Navigate the World of Business
InQubeta has emerged as a utility-driven platform dedicated to the needs of AI startups. The platform empowers startups with the right resources to grow their business and find investors.
Boosted by its presale success, it’s expected to make impressive gains in the near future. So far, its cryptocurrency ICO has raised more than $9.6 million.
Any average crypto user can become a startup investor by purchasing NFTs from InQubeta’s NFT marketplace. The NFTs sold at the portal are minted from startups’ offers for investors.
These NFTs bear all information about the projects and what’s in for investors. They can be purchased only with InQubeta’s native cryptocurrency, the QUBE token. The QUBE token is among the new altcoins that combine ease of use with functionality.
The cryptocurrency has multiple uses within the InQubeta ecosystem that include governance and staking.
Staking is an activity where token holders lock their tokens in liquidity pools in exchange for crypto rewards. The locked assets are used for supporting blockchain growth. For the staking rewards, the InQubeta team has a dedicated pool that is maintained by tax collections.
InQubeta is built on a deflationary model which tamps down the effect of market volatility on an asset. If the markets are turbulent or inflation is high, the token supply is reduced even if the demand is high. The gap between the two forces promotes competitive prices and reduces price fluctuations.
To run the platform, decision-making is decentralized by providing voting privileges to token holders. All proposals for feature additions, product launches, and protocol upgrades are first discussed and then put to a vote.
Using their privileges, token holders express their opinions about a suggested change. The mechanism builds a community of decision-makers focused on the platform’s growth.
After the finances are secured, an AI startup can explore InQubeta’s business development services to plan their next phase. If an innovator is struggling to figure out what should be their next step, the platform can connect them with veterans from the AI industry. These veterans can act as innovators and guide startups in their journey.
Using advice from a team of trusted advisors, innovators can find solutions for accounting-related issues to avoid financial loopholes. Lastly, they can amplify their brand reach by connecting with professionals from different industries with InQubeta’s support.
Mondelēz International Partners With Hedera to Work on DLT Solutions
Hedera is a public blockchain that offers an array of tools for creating DeFi assets and dApps. Hailed as one of the best altcoins for 2023, Hedera is powered by the Hashgraph consensus. Its native token is known as HBAR.
In a recent development, US food and beverage giant Mondelēz International announced that it would be joining the Hedera Council to explore opportunities in distributed ledger technology (DLT).
The Nasdaq-listed company will be focusing on the deployment of DLT-powered solutions that can catalyze supply chain management and introduce digital transformations. With a presence in more than 80 countries, Mondelez International is behind popular treats like Oreo and Toblerone.
Conclusion
Analysts reviewing recent market trends suggest that InQubeta and Hedera are among the top crypto to invest in this year. Their observations are based on the consistent growth posted by these two tokens which has continued since last year.
Experts are also recommending these cryptocurrencies because of their growth-oriented models and potential to earn generational wealth. The combination of features gives them an edge over other asset categories.
Cryptocurrency buyers must evaluate a project carefully before making a long-term investment decision.