The rollercoaster continues and at the short end of the stick are over-leveraged positions. Bitcoin’s (BTC) latest slump wiped out millions of dollars worth of long positions—a bad day in the office for crypto traders. At the same time, Pepe (PEPE) is one of the top meme coins reflecting broader market sentiment, as it loses key support.
Meanwhile, a piece of exciting news representing a silver lining is InQubeta (QUBE) going live on two leading crypto exchanges: Uniswap and MEXC. Riding the momentum from its just-concluded presale, it begins its price discovery journey, hailed as the best new crypto to invest in.
InQubeta (QUBE): Debuting on Leading Crypto Exchanges
InQubeta (QUBE) is at the heart of the current market buzz after debuting on Uniswap and MEXC. This feat was on the back of its remarkable presale outing, which saw it raise a staggering $13.6 million in early funding.
As it begins its price discovery journey, with investors eyeing generational wealth, QUBE is a bullish wave not to miss out on. Those who missed out on the presale—a token airdrop is just around the corner—have been flocking to exchanges to grab a bag and position themselves for massive gains.
Analysts are bullish in their stance, predicting a 50x jump before the next six months—one of the best cryptos to buy now. Another layer of its appeal is the critical challenges it aims to address in the AI sector. Through its crypto-based crowdfunding platform, AI tech startups can raise capital through the QUBE token, effectively transforming AI’s fundraising scene.
Bitcoin (BTC): Price Decline Wipes Out Open Positions
Bitcoin (BTC) continues its wild ride—a bumpy one, to say the least. After registering its all-time high (ATH) in mid-March, it has been a downswing for the flagship crypto, briefly falling below $60,000 earlier this week.
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Show more +Traders were hit the hardest during Bitcoin’s latest downturn, wiping out open positions. It has been a bad week for the Bulls, with the Bears having a field day. Despite this, BTC’s long-term outlook remains bullish, making the current dip a great buying opportunity.
Given the above, Bitcoin is one of the best coins to invest in, if not the best cryptocurrency to invest in. While it might not be appealing to retailers—considering the prevalence of altcoins—institutional appetite for the leading digital asset continues to rise.
Pepe (PEPE): Drops Below Key Support
Pepe (PEPE) is more than just one of the best meme coins. In the overall crypto market, it is among the top altcoins, highlighting its leading status and vibrant community. Trading in tandem with the overall crypto market, it was at the forefront of the last meme craze and in a decline of late.
The latest market downturn saw it lose key support, prompting intensified selling pressure as investors sought to protect their profits. On the other hand, savvy investors have been gobbling up the dip, anticipating its next climb—one of the altcoins to watch out for.
With a price comeback on the horizon, Pepe is among the best altcoins to invest in. Perhaps a more compelling token than the new tokens Starknet, Wormhole and DYM, considering the intense volatility of memecoins. Its low entry point serves as the cherry at the top—a budget-friendly and promising coin.
Conclusion
As Bitcoin’s decline wiped out open positions and Pepe plummeted, InQubeta is a reason to be excited as it goes live on leading crypto exchanges. With investors eyeing life-changing gains, it is quickly becoming a favorite.
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