The previous week was a whirlwind of volatility—a rollercoaster. While some experienced traders were able to ride the wave and make profits, long-term holders have seen the value of their holdings take a hit. Nevertheless, optimism remains high, and as BTC has been regularly surging, price drops represent another opportunity to get your favorite altcoins at a discount.
In recent crypto news, Bitcoin (BTC) could take a hit and decline by a staggering 20%. Why, you might wonder? Excitement is undoubtedly nearing a frenzy in anticipation of the January 10 deadline for Bitcoin ETF approval. However, in the event that it isn’t signed off by the SEC—with reports already circulating regarding rejection—Bitcoin might decline by a whopping 20%.
Meanwhile, in other crypto news, suggesting a key market insight, Uniswap (UNI) and InQubeta (QUBE) are experiencing rising investor interest. This is partly due to their unique offerings in the crypto space and their astounding growth potential.
This post will discuss the possibility of Bitcoin experiencing a 20% price decline amidst the SEC refusing to approve Bitcoin spot ETFs. Further, it will explore the appeal of Uniswap and InQubeta, explaining why they are the best coins to invest in now. Let’s get started.
InQubeta (QUBE): Attracting Investor Interest
A narrative tipped to skyrocket during the anticipated bull market this year is InQubeta (QUBE). It is an even more compelling investment option as it is in its early stages—so it’s very bullish. Among the new ICOs, InQubeta stands out, having passed the remarkable $8.1 million fundraising milestone recently. What will its unique contributions be?
It represents the best of AI and crypto. By leveraging the power of blockchain technology, it aims to solve the biggest challenge in the AI landscape, which is fundraising. To this end, it will become the first crowdfunding platform for tech startups through crypto.
In light of the above, there has been an unprecedented surge in presale participation. Investors can’t be bullish enough, as it is poised for massive adoption and explosive growth.
In the sixth stage of the presale, at a token price of $0.01925, analysts tip it for a 60x rally after its launch. This positions it as the best new crypto to invest in. We suggest checking out the presale via the link below to ride its bullish wave to the fullest and not FOMO (fear of missing out) later.
Bitcoin (BTC): Potential 20% Drop if SEC Rejects Spot ETFs
Attention has been on Bitcoin ETFs recently. It is understandable, as this is the closest we have been to their approval. Expectedly, excitement and optimism have peaked, resulting in overleveraged long positions. However, given how volatile the market is and how it could be influenced by developments—including predictions—it took a significant hit in the previous week before surging early this week..
Bitcoin (BTC), whose crypto market cap is a staggering $852 billion and the first in market size, could see a 20% price dip. So far, its momentum has been largely fueled by the anticipation of the approval of spot ETFs. But will they be signed off or not? It is to be recalled last week how Bitcoin nosedived following Matrixport’s bold prediction that Bitcoin ETFs would be rejected by the SEC in January.
Now imagine how bad it could get if this product is denied by the SEC—a potential decline of as much as 20% and a pullback into the $36,000 and $38,000 zones. Nevertheless, if this scenario plays out, 2024 remains bullish. It will only be a temporary step back, with much to look forward to. Simply HODL and ride the market’s wave with little regard for short-term volatility.
What is Uniswap (UNI)?
If you are a crypto trader, you have likely heard of and used Uniswap (UNI). It is a popular DEX (decentralized exchange) and AMM (automated market maker). It gained popularity for its role in facilitating the automated trading of tokens.
Given the above, Uniswap plays a crucial role in the decentralized finance (DeFi) world. Hence, it is often a favorite among investors. The rising interest in UNI is due to the surge in its momentum.
Is it a good crypto to buy? Considering its growing momentum and massive upside potential, Uniswap is among the best cryptos to buy now for proper profit positioning.
Conclusion
The growing speculation in the crypto space involves Bitcoin potentially declining by 20% if spot ETFs are not approved. However, this is a scenario many hope won’t play out. Meanwhile, Uniswap and InQubeta appear to be the new investor favorites. Poised to skyrocket, these are the best cryptos to invest in.
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