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Celsius was one of the major crypto companies to collapse following the implosion of TerraUSD, Terraform Lab’s stablecoin. It paused withdrawal and filed for Chapter 11 bankruptcy in July 2022, with the native token, CEL, experiencing a big drop.
In exciting news—to creditors—the crypto lender announced its exit from Chapter 11 bankruptcy in the United States. It is set to begin the distribution of $3 billion worth of crypto and fiat to creditors, along with the launch of a new Bitcoin mining firm, Ionic Digital.
Meanwhile, following the rise in investor sentiment post BTC ETF, Chainlink (LINK), one of the market’s top altcoins, is preparing for a breakout. Further, InQubeta (QUBE), one of the most promising new ICOs, soared past $8.6 million in presales, cementing its position as a top ICO. In this post, we will cover why these are the altcoins to watch.
InQubeta (QUBE): A Top ICO
InQubeta (QUBE) continues to make waves in the ICO world, recently blasting through $8.6 million in early funding. In the seventh stage of the ICO, at a token price of $0.0224, analysts predict a timely 3,000% surge after its launch. This explains the unprecedented participation in its ongoing presale.
While its explosive growth potential is one of its key appeals, it isn’t all. It stands at the intersection of AI and crypto and is hailed as one of the most bullish narratives, thereby positioning it as the best new crypto to invest in. As a convergence of AI and crypto, it aims to solve critical problems within the burgeoning AI sector.
It will build the first crypto-based crowdfunding platform for AI startups, which will effectively address fundraising challenges within the industry. Tech startups will be able to source funds by minting investment opportunities, represented as NFTs. Poised for massive adoption, you can become an early adopter by clicking the link below.
Celsius: The Return of $3 Billion in Crypto and Fiat to Creditors Commences
Celsius used to be one of the biggest crypto lenders—until the Terra incident. Following the implosion of TerraUSD, the stablecoin of Terraform Lab, Celsius was among the major crypto firms to collapse in 2022. Withdrawals were paused in June, and it filed for Chapter 11 bankruptcy in the US in July 2022.
Its bankruptcy saw Celsius settle $4.7 billion in fines with the US Federal Trade Commission, among others with the DOJ, SEC, and the Commodity Futures Trading Commission. Former CEO Alex Mashinsky was also charged by federal prosecutors with offenses involving financial fraud, among other allegations.
18 months later, in exciting news, Celsius announced via a press release on January 31 its bankruptcy exit and plans to begin the distribution of $3 billion worth of crypto and fiat to creditors. It also announced the launch of Ionic Digital, a Bitcoin mining company that will support “efforts to maximize recoveries for the benefits of creditors.”
Chainlink (LINK): Aiming for a Breakout
Chainlink (LINK) is among the top crypto coins on the market currently. It plays a critical role as a blockchain abstraction layer. Basically, it enables universally connected smart contracts. By employing a decentralized oracle network, Chainlink can provide important off-chain information needed by complex smart contracts.
At the time of writing, Chainlink is trading below $20, with analysts predicting a breakout. Indicators and metrics point towards a bullish charge, positioning it as one of the best cryptos to buy now.
To position yourself for significant gains, LINK is one of the most compelling investments to consider. To avoid FOMO (fear of missing out), we suggest grabbing a bag now and HODL.
Conclusion
Celsius begins the return of $3 billion to creditors a year and a half after filing bankruptcy. Meanwhile, Chainlink and InQubeta have emerged as altcoins to watch. Poised to skyrocket, you can become an early QUBE holder by clicking the link below.
