The approval of a spot Bitcoin ETF has been the subject of much discussion and speculation. Last week conflicting ETF news triggered selling pressure, with Bitcoin (BTC) taking a hit and trading downward. When the ETF was approved, it then shot up briefly before falling back to early prices. Investors are eagerly watching the news to see what will happen next.
At the same time, Decentraland (MANA) also bowed to bearish pressure, while Lido DAO (LDO) and InQubeta (QUBE) appear poised for a significant surge. This post will cover these developments, so let’s get started.
InQubeta (QUBE): Reshaping the AI Sector
InQubeta (QUBE) is a top ICO primed for explosive growth. In the seventh stage of the presale, a staggering $8.2 million has been raised, and a token costs only $0.0224. According to industry experts, it will see a 6,500% rally after its launch, positioning it as the best new crypto to invest in.
At the convergence of AI and crypto, InQubeta aims to transform the fast-rising AI sector with blockchain. To this end, it will become the first crowdfunding platform for AI startups through crypto. Its innovative approach will allow tech startups to source much-needed capital by simply minting investment opportunities—represented as NFTs—and offering them to investors. Poised for massive adoption, you can become an early adopter or holder by clicking the link below.
Bitcoin (BTC): Price Takes a Hit
As the first and best cryptocurrency, Bitcoin (BTC) is more often than not in the spotlight. With the ETF race heating up, BTC has been at the heart of the current market buzz. Last week, the price of Bitcoin took a hit following predictions that Spot Bitcoin ETFs wouldn’t be approved by the US SEC. This shifted market sentiment, resulting in long liquidations and cascading selling.
This has been successfully proven to be a rumor as, in a historic development, the SEC finally approved the first spot Bitcoin ETF in the US on January 10th, 2023. This crypto news has stirred up much excitement, although Bitcoin has yet to react as expected, with many envisioning a “sell the news” scenario. Its price briefly spiked before falling back down again, and the news is now conflicted about where it will go next.
Decentraland (MANA): A Future Rally?
Decentraland (MANA) is one of the many top altcoins to take a hit recently. It bowed to bearish pressure, hitting a low that caught many by surprise. Its decline is due to a shift in sentiment and growing competition in the crypto space.
Nevertheless, a comeback is on the cards. With an overall market rise imminent, Decentraland is among the altcoins to watch. After all, it plays a key role as a virtual reality platform that allows users to create, experience, and monetize applications and content. Hence, with a bounce-back imminent, Decentraland is one of the best coins to invest in.
Lido DAO (LDO): Primed for a Rally
If you don’t wish to experience the fear of missing out (FOMO) later on, Lido DAO (LDO) represents a compelling option as it is poised for a rally. If you have some in your portfolio, we suggest HODL.
Lido DAO (decentralized autonomous organization) is a protocol that provides staking infrastructure for multiple blockchain networks. It is secured by a mix of decentralized governance, smart contracts, and audited code. Given this, it is fundamentally strong. Primed for significant growth, Lido DAO is a good crypto to buy and a bullish wave not to miss.
Conclusion
This week has been a flurry of excitement and events, with Bitcoin’s price falling amid conflicting ETF news and Decentraland bowing to bearish pressure. On the other hand, Lido DAO and InQubeta are gearing up for a strong rally, which makes them altcoins to watch.
