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- Ethereum declined to a level last seen seven months ago.
- InQubeta becomes investor darling, particularly Bitcoin whales.
- Analysts forecast a 3,000% increase in InQubeta’s price in 2023 due to its innovative combination of AI and blockchain.
The crypto market, although no stranger to volatility, has witnessed a significant downturn in recent times. Notably, Ethereum ($ETH) has taken the biggest hit, recently declining to a level last seen seven months ago. Unsurprisingly, investors and analysts can be seen re-evaluating their strategies.
Meanwhile, there is a silver lining, evident in the emergence of a promising project, InQubeta (QUBE). This novel entrant, lying at the intersection of AI and blockchain technology, is attracting significant attention from Bitcoin ($BTC) whales. This growing interest can be attributed to its innovative concept and robust fundamentals.
In this article, we will explore the growing interest in InQubeta and why it is one of the altcoins to watch. Further, we will cover Ethereum’s recent downturn and its future price outlook.
InQubeta (QUBE): The Rise of an AI Crypto Venture
Amidst Ethereum’s decline, a new player is gaining prominence in the crypto scene: InQubeta (QUBE). This top ICO (initial coin offering), currently in its fourth stage, has won Bitcoin whales’ hearts and wallets. Significantly, the growing interest in this novel project has propelled it to raise over $3.6 million in its ongoing presale. This signals imminent adoption and highlights investor confidence in its potential and proposition.
This exciting project’s appeal lies at the intersection of AI and blockchain. The project aims to utilize blockchain technology to solve a real-world issue in the AI sector: fundraising. To achieve this, it will become the first crowdfunding platform for AI startups through crypto. At the heart of its robust ecosystem will be a custom-built NFT marketplace where fundraising activities will be held.
To raise funds, AI startups simply have to mint investment opportunities as NFTs, which will be equity-based. Further, these investment-backed NFTs will be fractionalized into bits and offered to investors in the marketplace. By employing a fractional investment model, it will democratize access to the lucrative AI market. In other words, investors will be able to hold stakes in promising AI ventures regardless of their income.
Besides its innovative concept, InQubeta’s growth potential contributes to its appeal and investor interest. It is currently priced at $0.0133, which analysts forecast will soar by 3,000% before the end of 2023. Consequently, it is positioned as the best new crypto to invest in.
Ethereum’s ($ETH) Descent
Ethereum ($ETH) is popularly regarded as the backbone of decentralized finance (DeFi) and the pioneer of smart contracts. Therefore, it is a top crypto to invest in. However, despite its solid fundamentals and robust ecosystem, it recently witnessed a substantial downturn in its price. This happened between October 6th and 12th, when Ethereum saw a 7% decline, pushing its price to a seven-month low at $1,520.
This dip, which suggests waning investor confidence, can be attributed to a combination of factors. First, an allegation by Charles Hoskinson, Cardano ($ADA) founder, regarding favoritism from the SEC in classifying Ethereum as a non-security asset in 2018, played a pivotal role. Further, the declining interest in Ethereum staking can also be linked to its significant downturn.
Nevertheless, such price dips and price movements are not uncommon in the crypto space. Notably, since this decline, it has been gathering momentum, with analysts predicting a substantial surge in its price. Therefore, considering its anticipated uptick, Ethereum is one of the best cryptos to buy now.
Conclusion
While Ethereum hits a seven-month price low, InQubeta has stolen the spotlight by becoming a Bitcoin whale favorite. This project stands at the convergence of AI and blockchain, positioning it as the best cryptocurrency to buy now. To participate in this ICO and become an early adopter, follow the link below.
