The crypto market is known for its unpredictability, and the latest update in this evolving story concerns one of the best meme coins – Dogecoin (DOGE). Analysts discuss Dogecoin’s recent price movements following the recent SEC decision on the Bitcoin ETF and draw eerie parallels to the patterns seen in 2020. While Dogecoin hints at a potential repeat of the rally, rising crypto star InQubeta (QUBE) is making waves in the crypto space as a formidable competitor to Bittensor.
Dogecoin’s price patterns point to a repeat of the 2020 rally
Crypto analystAli Martinez has uncoveredstriking similarities between Dogecoin’s current price action and its behavior two years ago. Back then, in 2020, Dogecoin soared after breaking out of a descending triangle pattern and eventually recorded an extraordinary 28,770% rise. If history repeats itself, DOGE is in for a massive rally.
Currently, Dogecoin appears to be retracing these historic steps after recently breaking out of a descending triangle and entering a consolidation phase. Analysts like Martinez believe that this consolidation could serve as a launch pad for the next upswing. On-chain analysis shows that strategic whale investors are making smart moves and choosing to capitalize on the market downturn instead of following the crowd in liquidating assets.
With Dogecoin holding its position above the descending trend line, potential scenarios are opening up. The Relative Strength Index (RSI) is trending upwards, indicating growing momentum. Positive signals from the Awesome Oscillator (AO) further support the bullish outlook. DOGE has already broken through the psychological barrier of $0.1000 and with a rise of over 50% within a month, the price could rise even further. However, caution is advised as profit taking could initiate a downward cycle that could push DOGE below support levels.
Bittensor finds a growing competitor in InQubeta
Amidst the memecoin hype, another type of blockchain ICO contender is quietly making waves. Bittensor (TAO), an open-source protocol that powers a decentralized machine learning network, is in the spotlight. However, InQubeta (QUBE), an innovative platform designed to promote the growth of AI start-ups, is proving to be a serious contender.
InQubeta: revolutionizing AI tech funding
InQubeta takes a unique approach and offers a blockchain platform to support AI startups. Here, any startup can list their investment opportunities in trending NFTcoins , which are then listed on InQubeta’s P2P marketplace. Investors can trade these NFT assets and profit from the mutual benefits as the startups grow. The fractionalized investments offered by InQubeta’s unique model allow for portfolio diversification.
The ICO journey
InQubeta’s ICO journey has been nothing short of spectacular, with the pre-sale in phase 8 and QUBE tokens priced at $0.0245. With more than $10.7 million raised and more than 848 million tokens already in the hands of early investors, the platform is clearly gaining traction. The next stage with a token price of $0.028 is imminent.
Features and rewards
In addition to its innovative investment model, InQubeta (QUBE) offers additional benefits for token holders. The platform’s staking mechanism makes it possible to earn more rewards, with a rewards pool funded by a 2% buy and 5% sell tax. QUBE also acts as a governance token, giving holders a say in the platform’s developments.
The future unveiled
Investors are looking forward to InQubeta’s roadmap, anticipating expansions to the P2P NFT marketplace and strategic partnerships. With plans for cross-chain expansion, InQubeta is positioning itself as the best crypto investment, competing with other innovative platforms such as Bittensor.
Final thoughts
In the ever-changing landscape of cryptocurrencies, where Dogecoin alludes to past glories and Bittensor seeks to redefine machine learning, InQubeta stands out as a beacon of innovation in AI tech finance. As it continues its ICO journey, there is a palpable excitement about the potential returns and the role it could play in shaping the future of decentralized finance.
Are you ready to be part of the next big thing? Dive into the world of InQubeta, explore the possibilities and join the community driving the future of AI tech investing. VisitInQubeta’s websiteor join the conversation on Twitter – the journey awaits and you’re invited to be a part of it.