Crptocurrency
Near, Arweave Among Top Earners InQubeta Raised Over $4.2M

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Near Protocol (NEAR) and Arweave (AR) have recently emerged as top performers, while InQubeta (QUBE), an AI platform, has received an incredible $4.2 million.
The Revolutionary Journey of InQubeta
The following content does not represent BeInCrypto’s perspective and should not be considered as financial advice.
In the midst of these bitcoin breakthroughs, InQubeta is making headlines as a platform. It acts as a link between investors and AI entrepreneurs, giving a new option to invest in the rapidly growing AI sector.
InQubeta is confident in the future of technology, particularly in the field of artificial intelligence. Their goal is to democratize investing in AI firms by providing investment options via their QUBE tokens.
The success of InQubeta’s presale, which raised over $4.2 million, illustrates the trust and excitement that surrounds QUBE and the sponsored AI businesses.
QUBE, as an ERC-20 token, is the core of InQubeta’s investing ecosystem. It is more than just a cryptocurrency; it serves as a portal to AI ventures.
QUBE is an investment instrument because of its payment structure, which pays individuals for keeping and participating. Given its ties to the AI business and the revolutionary work of InQubeta, many experts and observers feel that QUBE’s potential in the cryptocurrency space is unsurpassed.
The Future Vision of InQubeta
InQubeta’s ambitions extend beyond their presale success. They intend to launch an NFT marketplace named InQubeta Swap as well as the InQubeta DAO.
They exhibit their commitment to accessibility and diversification in investment choices by growing their offers and hoping to become compatible with other Web3 networks by the first quarter of 2024.
Read Also: Bitcoin Surpasses $34K; Decentraland, Kava & InQubeta Rise
In general, the cryptocurrency market is currently on the rise, owing to greater participation from institutional players such as BlackRock. Their most recent step into this field has been the launch of Exchange Traded Funds (ETFs), with the intention of obtaining permission for an ETF.
BlackRock’s application to the SEC for such an ETF in June sparked speculation on Wall Street that regulatory clearance could be on the way. This development has piqued the industry’s interest because it represents a huge step in the realm of digital assets if a spot bitcoin ETF is approved.
As the cryptocurrency market evolves, InQubeta represents the future of investment. Those who choose to invest in QUBE are embarking on a journey. If estimates are correct, the end destination might be spectacular.
Surges in the Near Protocol Ahead
Near Protocol has established itself as a leading Layer 1 blockchain network. NEAR, unlike cryptocurrency, works autonomously. Transaction fees are handled using its native currencies.
Read Also: NEAR Surges 11%, But Is A Decline Impending?
NEAR Protocol’s excellent success has propelled it to the forefront of the Layer 1 blockchain ecosystem, surpassing popular Layer 1 coins. NEAR is currently worth $1.49 per coin, a 27% rise over the previous week. Its current market capitalization is $1,494,706,071.
The sharded developer proof of stake blockchain is what distinguishes NEAR Protocol. It showcases the experience of its world-class staff, which has already constructed some large-scale sharded databases.
The Data Storage Revolution of Arweave
Arweave is another project that provides a novel method for long-term data storage. Users can use its network to store data for a one-time fee, linking those in need of storage with those with available hard drive space.
With a price of $6.03 and a 30% increase over the week, Arweave has been displaying its prowess in the blockchain business. Its market capitalization is now $396,568,182. It has gained popularity because of its novel approach to data storage.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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Crptocurrency
Binance Lists ChainGPT (CGPT): Unlocking a New Era for AI-Powered Blockchain Solutions

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$88K Critical for Bitcoin Momentum

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Bitcoin’s price trajectory is at a pivotal juncture, with $88,000 emerging as a key level for sustaining market momentum, according to on-chain analytics firm Glassnode. Using the UTXO Realized Price Distribution (URPD) metric, Glassnode emphasized the significance of the Short-Term Holder (STH) cost basis, noting minimal trading volume below this threshold.
The $88,000 level serves as a critical psychological and technical support, and a decisive loss could pave the way for further downside. This article explores the importance of this metric and what it could mean for Bitcoin’s future price movement.
Understanding Bitcoin’s STH Cost Basis
The Short-Term Holder (STH) cost basis represents the average price at which recently acquired Bitcoin has been purchased. This metric is essential for analyzing:
- Price Momentum: Indicates the health of recent buyer confidence.
- Support Levels: Highlights crucial price points where short-term investors are likely to defend positions.
At $88,000, the STH cost basis underscores its significance as a level where short-term traders might capitulate if breached, potentially triggering a larger sell-off.
The Role of the URPD Metric
Glassnode’s UTXO Realized Price Distribution (URPD) metric maps the distribution of Bitcoin trading volumes across different price levels. Key insights from the current analysis include:
1. Minimal Volume Below $88K
- Glassnode’s data reveals limited trading activity beneath $88,000, suggesting weak historical support in this range.
2. Vulnerability to Downside Pressure
- A breakdown below $88,000 could lead to accelerated selling, as short-term holders exit positions to minimize losses.
Why $88K Is Critical for Bitcoin
1. Psychological Benchmark
- Round numbers like $88,000 hold psychological significance for traders, influencing decision-making and market sentiment.
2. Technical Relevance
- The STH cost basis aligns closely with support and resistance levels derived from historical price action, making it a reliable marker.
3. Momentum Indicator
- Holding above $88,000 would demonstrate resilience, while a breach could signal a shift in momentum toward bearish conditions.
Potential Scenarios Based on $88K Level
1. Holding Above $88K
- Sustaining this level could reaffirm Bitcoin’s bullish momentum, encouraging accumulation by both short-term and long-term holders.
- Positive macroeconomic news or institutional support could bolster price stability.
2. Breaching $88K
- A decisive loss of $88,000 might lead to panic selling, increasing volatility and pushing Bitcoin toward lower support levels.
- Traders may target $85,000 or lower as the next critical support zone.
Market Sentiment and Influences
1. Institutional Activity
- Institutional investors closely monitor key levels like $88,000, adjusting strategies based on market strength or weakness.
2. Broader Economic Factors
- Macroeconomic elements, including interest rate policies and inflation data, continue to impact risk assets like Bitcoin.
3. Short-Term Trader Behavior
- As the primary holders at this cost basis, short-term traders play a pivotal role in determining Bitcoin’s near-term price movements.
How Traders Can Respond
1. Monitor Key Levels
- Keep a close watch on Bitcoin’s behavior around $88,000, as this level is crucial for gauging momentum.
2. Set Stop Losses and Alerts
- Traders should establish clear stop-loss levels to minimize risk in case of a breakdown.
3. Consider Accumulation Opportunities
- If Bitcoin holds above $88,000, it could present a buying opportunity for those confident in a bullish continuation.
FAQs
1. Why is $88,000 significant for Bitcoin?
The $88,000 level represents the Short-Term Holder (STH) cost basis, a critical indicator of price momentum and market confidence.
2. What happens if Bitcoin drops below $88,000?
A loss of this level could trigger selling pressure, as short-term holders exit positions, potentially leading to further downside.
3. What is the URPD metric?
The UTXO Realized Price Distribution (URPD) metric tracks Bitcoin’s trading volume at different price levels, highlighting key areas of support and resistance.
4. How does $88K influence market sentiment?
Maintaining this level reinforces confidence in the market’s bullish momentum, while losing it could shift sentiment toward bearish expectations.
5. What should traders do at this level?
Traders should monitor Bitcoin’s performance around $88,000, set stop-loss levels, and consider accumulation if the level holds.
Conclusion
The $88,000 level is more than just a price point; it’s a pivotal marker for Bitcoin’s momentum and market sentiment. Glassnode’s analysis underscores its significance as the Short-Term Holder cost basis, with the potential to dictate Bitcoin’s next move.
Whether Bitcoin sustains this critical level or breaches it will determine its trajectory in the coming weeks. For traders and investors, staying vigilant and adapting strategies to this key metric will be essential in navigating Bitcoin’s dynamic market.
To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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Mantra Partners with UAE Real Estate Giant Damac to Tokenize $1B in Assets

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