In an exciting development setting the crypto community abuzz, CryptoQuant, a popular crypto analytics platform, made a bold Bitcoin (BTC) prediction. According to the forecast, Bitcoin could potentially skyrocket to $73,000 if an exchange-traded fund (ETF) gets approved. At the same time, a new player has emerged in the crypto scene, InQubeta, with investors swarming this new AI crypto project.
In this article, we will explore CryptoQuant’s assessment of Bitcoin’s price outlook. Additionally, we will cover the growing interest in this top ICO project, InQubeta.
What you'll learn 👉
InQubeta (QUBE): The Best ICO
After raising over $3.7 million in its ongoing presale, InQubeta (QUBE) has become a contender for the title of best ICO (initial coin offering) this year. The massive participation in this cryptocurrency ICO project can be linked to its unique value proposition and explosive growth potential. As a convergence of AI and blockchain, the project has a fascinating appeal. Consequently, investors have been flocking to this new AI crypto project to ride its bullish wave.
Its intersection of AI and blockchain will see it become the world’s first crowdfunding platform for AI startups via crypto. Similarly, it also aims to democratize access to the promising AI market by leveraging NFT technology and a fractional investment model. To raise funds, AI startups will have to mint investment opportunities, which will be tokenized as NFTs and fractionalized into bits. Further, these investment-backed NFTs will be offered to investors, giving them stakes in lucrative AI ventures.
With this project in its ICO stage 4, it has staggering growth potential. At its current stage, it is priced at $0.0133 per token but is selling out fast. Regarding its growth potential, analysts predict a 3,000% increase in its price after launch. Therefore, it is probably the best new crypto to invest in now.
CryptoQuant: Bitcoin (BTC) to $73,000 After Approval of a Spot ETF
CryptoQuant is a leading and trusted provider of on-chain and market data analytics. It is known for its data-driven insights and analyses. Recently, it forecasted a significant surge in Bitcoin’s (BTC) price in the event of the SEC approving an ETF. In its latest report, it revealed that Bitcoin’s market cap could rise by as much as $1 trillion after the launch of spot ETFs. In other words, if the market cap soars between 82% and 165% from the current level, BTC could reach between $50,000 and $73,000.
This figure will be possible with the inflow of fresh money from both retail and institutional investors. While some might have doubts, Bitcoin’s recent rally following the fake news of a spot ETF approval provides a glimpse.
Earlier this week, the fake news of a Bitcoin spot ETF took the crypto community by storm, with BTC skyrocketing to reach the $30,000 mark. However, when the news was discovered to be false and misleading, BTC quickly retraced to its previous level. Nevertheless, it is a hint of what could happen after the ETF gets approved. Therefore, Bitcoin is positioned as the best crypto to invest in.
Conclusion
CryptoQuant presented a promising outlook for Bitcoin—$73,000—if an ETF is approved. On the other hand, the emergence of InQubeta, an AI crypto, has been met with massive enthusiasm. As one of the altcoins to watch, investors have been swarming its ongoing presale.
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