Bitcoin Dips to $65K Before Fed Meeting; Render Competitor Gains Attention as Next Promising Investment

Bitcoin (BTC) has been one of the best coins to invest in this year as new all-time highs (ATHs) have been set multiple times as investor interest in the most popular cryptocurrency reaches an all-time high. 

BTC’s new ATH was set at $73,750 on March 14, but prices dropped down to $62,000 following that milestone as investors cashed out some profits. Fear of the Federal Reserve raising interest rates also played a role in the massive sell-off that occurred. Prices have now bounced back to above the $65,000 resistance level as the Fed opted not to raise interest rates during their March 20 meeting.

Meanwhile, Render (RNDR) competitor InQubeta (QUBE) has emerged as one of the biggest stars in the cryptocurrency space generating over $12.2 million in token sales. It’s now raised comparable numbers to top crypto coins like Ethereum (ETH) which raised over $18.3 million during its initial coin offering.

Render won’t go down without a fight given the 719% price growth it has delivered in the past 12 months. Like InQubeta, its ecosystem is also built on the Ethereum (ETH) network, giving it the same functionality. 

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Best altcoin to buy now: InQubeta’s (QUBE) early backers are up 300% 

Those who purchased QUBE during the beta stage of InQubeta’s presale have already increased their capital by 300% since it started. These investors will have earned 440% returns on their investments when tokens are released on exchanges. 

InQubeta’s objective is to launch a secure, transparent, and easy-to-access investment medium that focuses on artificial intelligence (AI) startups. Its blockchain will be used by these startups to digitize investment opportunities into non-fungible tokens (NFTs). Think of these tokens as stocks since they play a very similar role. They indicate a percentage of equity and some offer other rewards like profit-sharing. The NFT marketplace is the place where financiers and AI startups meet up. 

Artificial intelligence is expected to be the most transformative tech innovation the world has seen in over 50 years, if not longer, and some of the firms emerging in the industry today could go on to become major players in the new world created by artificial intelligence. 

InQubeta now makes it possible for anyone with a cryptocurrency wallet to invest in startups that might end up becoming trillion-dollar corporations someday. Investing in these companies is like financing companies like Netflix during the internet revolution’s early days. Many of those who made such investments have now created generational wealth.

What’s next for BTC’s price movement?

BTC’s price went as high as $67,000 after the Federal Reserve opted not to raise interest rates for now, and it has held above the $65,000 resistance level since then. Many BTC investors are still choosing to hold on to their tokens given a considerable price surge is due to occur at any moment given its next halving event is less than a month away. 

People investing in BTC ETFs will continue to add more capital into the Bitcoin space and that combined with miner rewards being halved could send prices as high as $160,000. 

Render (RNDR) poised for more gains

RNDR was one of the most profitable AI-focused cryptocurrencies to invest in last year, and it has continued to grow at a rapid rate in 2024. While it’s not expected to see the 10,000% growth some analysts predict QUBE will enjoy this year, it could grow as much as 1,000% as it brings people with excess computing power and those who wish to rent some together. 

Summary

RNDR, QUBE, and BTC are good cryptos to buy now given all three will likely grow exponentially. QUBE has the most growth potential because of the alternative investment space it intends to use to democratize access to AI investments as over $1.5 trillion flows into the industry. 

Visit InQubeta Presale  | Join The InQubeta Communities

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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