Bitcoin (BTC) fell precipitously over the weekend, hitting lows of $61,800 before recovering to around $65,000. The immediate cause of the dip was unclear; however, there are speculations that lower buying liquidity led to lower pricing. InQubeta (QUBE), the new artificial intelligence (AI) backed crypto, has triggered high anticipation among investors for its presale thanks to its massive presale sellout and price growth, threatening to outshine Chainlink (LINK) in the long run.
InQubeta’s platform will allow AI tech startups to pool capital by minting investment opportunities into trending NFTs (non-fungible tokens), providing QUBE holders equitable access to such innovative ventures. This project is also projected to grow considerably this year as its price has risen 300% since its highly recommended presale started. The following sections detail the potential of InQubeta doubling in value as a rival to Chainlink, and Bitcoin’s price dip this weekend.
InQubeta (QUBE) Nears The End Of Its Token Presale
InQubeta, a new project built on the Ethereum (ETH) blockchain, aims to enable AI-powered startups to raise funds and democratize AI investments. InQubeta will let individuals invest in projects they believe in, fostering an ecosystem that benefits all participants. Its native QUBE token is deflationary, with its supply gradually reduced through mechanisms like token burning or redistribution. This tokenomics model is designed to benefit QUBE holders and create a sustainable ecosystem.
The platform offers a user-friendly interface, a rewarding NFT marketplace, and an ambitious roadmap outlining plans such as a launchpad, a swapping protocol, and an educational academy for crypto enthusiasts. The trending NFTs in the marketplace represent accessible fractions of investment opportunities in the AI startups available to interested investors, catering to individuals with varying financial capacities. Other key features of InQubeta are its security commitment, staking rewards, and voting rights for token holders.
The InQubeta presale has attracted over $13.6 million in investments across ten stages, edging nearer to its imminent listing on Uniswap. Before InQubeta’s DeFi coin price increases to $0.0308 on its launch, a limited amount of tokens are still available for grabs at $0.028 in the remaining short period. There are already over 970 million QUBE tokens in circulation, showing the heightened interest in the project and contributing to the expectation of the price doubling once the project gets listed on top exchanges.
Bitcoin (BTC) Liquidates Nearly $900 Million As Price Dips
Bitcoin’s DeFi coin price reverted to levels as low as $65,000 during the opening hours of the New York session on Friday, which surprised many traders. Bitcoin then saw over $881 million in total liquidations, composed of $784 million in long positions and about $97 million in short positions. Although the price showed signs of recovery and later dipped to a weekend low of around $61,800, BTC now trades around the $65,000 level.
Coming about a week before the Bitcoin halving event, the downswing could probably be a good buy opportunity for the late bulls, those who resisted FOMO when it was surging in March, and those who had written themselves off as sidelined when BTC ascended past the $69,000 threshold. Notably, FXStreet analysis suggests that BTC may be due for a recovery later, as multiple technical indicators lean in favor of the bears.
Chainlink (LINK) On A 23% Weekly Correction
Chainlink seems stuck in a bearish continuation pattern that could result in a considerable decline. Due to broader market conditions, Chainlink’s price is likely falling lower daily, and the crypto’s bulls are not particularly optimistic either, which could result in LINK failing any potential recovery. Active addresses on the network have hit a new low after declining for the past couple of days.
In the past few days, Chainlink recorded the lowest number of transactions on its network since October 2023, according to BeInCrypto data. LINK is down by nearly 23% in a 7-day frame and about 35% in the past month.
Conclusion
Bitcoin showed a notable decline over the weekend, and many await to see if there’ll be a possible comeback before it halves on April 22. InQubeta is challenging established blockchain platforms like Chainlink as it’s all about making AI cryptocurrency investment more inclusive and dynamic, and that’s an exciting prospect for the future. With the growing mainstream adoption of AI technology, InQubeta is a recommended presale for doubling gains. Visit the website below and purchase your tokens at a discounted price now, remembering to use the promo code ‘QUBE15’ to get a 15% bonus.
