Year of the Dragon: Bitcoin to Hit 6 Figures? Polkadot & Emerging AI Altcoin Experience Investment Surges
East Asia has begun celebrations for the Year of the Dragon, considered one of the Chinese zodiac’s most fortunate and wealthy signs. The Mandarin Chinese phrase for dragon, which sounds similar to the English word “long,” has piqued the interest of cryptocurrency investors. Many crypto analysts believe that Bitcoin (BTC) is on the verge of a strong bull run that would propel it to six figures in the market.
Amidst this, Polkadot (DOT) and InQubeta (QUBE), an emerging AI altcoin, have been booming with their innovative features. These crypto projects have experienced a significant surge in investment from investors. InQubeta is disrupting the crypto AI industry with its deflationary mechanism, minting opportunities into NFTs and fractionalizing them. Polkadot exhibits bullish signs, fostering a recovery rally following a recent correction.
This article explores why InQubeta and Polkadot are witnessing a remarkable surge in investment from investors and whether Bitcoin will hit six figures.
InQubeta (QUBE): Minting Investment Opportunities Into NFTs Attracts Investors To The Platform
InQubeta, the first crypto crowdfunding platform, is experiencing an investment surge due to its facilitation of fractional investment in AI startups using QUBE tokens. QUBE, an ERC20 token on the Ethereum blockchain, operates on a deflationary model. This new DeFi crypto platform seeks to transform AI startups’ fundraising and community engagement processes.
The integration of NFTs into its platform adds to what is driving this investment surge from investors. Each investment opportunity is minted into an NFT and fractionalized, enabling investors to tailor their investments to suit their budgets. At the same time, they enjoy the perks of being an early supporter. The NFT marketplace of InQubeta enables AI startups to raise funds and provide reward and equity-based NFTs. Also, QUBE token holders can seamlessly invest in their chosen projects, fostering a distinctive ecosystem that provides advantages for both sides.
Being a deflationary ERC20 token, this new DeFi crypto presents a distinctive investment avenue for crypto enthusiasts seeking portfolio diversification. Featuring a 2% buy and sell tax directed towards a burning wallet and a 5% buy and sell tax allocated to a dedicated reward pool, QUBE holders can earn rewards by staking their tokens. This makes InQubeta one of the best altcoins to invest in for those bullish on the growth prospects of AI technology startups.
Polkadot (DOT): The Network’s Expansion Propelling The Token’s Market Value
Polkadot encountered a volatile beginning to the year, witnessing fluctuations in its value. Initially hovering around $8.2, it dropped to approximately $6 by January’s end as investors liquidated their positions to capitalize on gains. Following the approval of spot Bitcoin ETFs, DOT experienced a brief surge to $9.35 before stabilizing.
Recently, Polkadot has attracted increased investment interest. This fostered a V-shaped recovery in its price. Crypto trader and analyst Rekt Capital characterized it as a “successful retest.” The network’s expansion is an added catalyst for propelling the token’s market value. Based on technical analysis, DOT is poised to approach the $10 threshold in the forthcoming weeks.
Bitcoin (BTC): Ki Young Ju Predicts A Surge To $112,000 This Year
For various reasons, Bitcoin investors are convinced that the 2024 Year of the Dragon will bring significant developments to the market. Discussions about this topic are gaining traction on social media platforms. Bitcoin has only gone through one Year of the Dragon, which occurs every twelve years. BTC experienced a tremendous increase during its first Dragon year in 2012, rising 152% against the US dollar.
According to the most recent study by 10X Research, Bitcoin’s price is expected to rise over the next few days and weeks, leveraging the historical trend of increases observed around the Year of the Dragon. Ki Young Ju, CEO of analytics firm CryptoQuant, forecasted that Bitcoin will surge to $112,000 this year. Ki gave a “worst-case” BTC estimation range of $55,000 to $59,000.
Conclusion
This year being the Chinese zodiac’s year of the Dragon, Bitcoin is forecast to surge, given its historical trend with the previous Dragon year in 2012. With Polkadot and InQubeta experiencing a substantial increase in investment, analysts are predicting a 20x surge in investors’ portfolios this year. InQubeta takes center stage as one of the best altcoins to buy due to its ability to facilitate fractional investments in AI startups. Purchase the QUBE token through the website!
