The possibility of an Ethereum (ETH) spot exchange-traded fund (ETF) being approved by the US Securities and Exchange Commission (SEC) is causing FOMO among mainstream investors. ETH has been one of the best altcoins to invest in this year with prices rising 74% for the year, despite the recent correction.
Conversations about a Bitcoin spot ETF have gotten a lot more interest in recent times, but the second most popular cryptocurrency is also a favorite among investors and an ETF being approved would make it easier to invest in it.
InQubeta (QUBE) has also been one of the best altcoins to invest in this year as its prices surged 175%. Investors who are just hearing about this new DeFi project and buy in now can still earn 60% gains before tokens launch on exchanges. The sky’s the limit from that point as the project seeks to provide an alternative and more accessible medium to invest in artificial intelligence (AI).
Interest in top altcoin Arbitrum (ARB) has grown significantly despite its prices being volatile for most of the year. The Ethereum layer 2 scaling solution powers many DeFi services which has garnered the interest of cryptocurrency investors.
Best altcoins to invest in: InQubeta (QUBE) generating high interest with investors
The InQubeta project has so many things going for it, it wouldn’t be a surprise if it becomes one of the best DeFi projects in the cryptocurrency space in the next couple of years. It is the first AI-focused crowdfunding crypto that provides a mutually beneficial investing ecosystem for startups seeking funding and investors looking for easier access to investment opportunities.
AI has enjoyed lots of interest from bulls over the last decade as investments in the space rose. Investments have gone from $12 billion to $120 billion in the last seven years, and that figure is projected to grow exponentially and surpass $1.5 trillion by 2030.
AI is on the verge of reshaping many industries and it will create opportunities for investors to walk away with substantial returns. InQubeta aims to make these investments more accessible than they’ve ever been so investors don’t have to jump through hoops to meet the geographic, credit, and income requirements many traditional investment channels have.
How decentralized investing works on the InQubeta network
AI startups are allowed to fundraise on the ecosystem if they pass an evaluation phase. These companies then get to mint investment opportunities into non-fungible tokens (NFTs). Also known as ERC20 coins, these tokens are showcased on the ERC20 token list on the marketplace and fractionalized into smaller portions to make them more affordable.
Investors research the different companies that are fundraising in the marketplace and buy the tokens of firms they like with QUBE. Their tokens are transferred to them and they can hold them for as long as they choose or resell them on the marketplace.
Ethereum ETFs getting closer to getting approval
Firms like BlackRock and Grayscale have pending Ethereum ETF applications and a decision might be made as early as January 2024. An ETF would make it easier for investors to invest in ETH through these firms and the tremendous amounts of capital controlled by these financial grants would propel prices upward.
Blackrock alone controls over $9.4 trillion in assets so even a tiny fraction of these assets being diverted toward cryptocurrencies would lead to substantial price growth.
Arbitrum (ARB) might be poised for a price surge
Arbitrum hasn’t enjoyed substantial price growth this year, but investor interest in its DeFi services has grown considerably recently. Some analysts view this as a sign prices might be finally getting ready to surge.
Summary
QUBE, ARB, and ETH are three of the best altcoins to invest in right now. Some projections have ETH growing up to 3x in 2024, while QUBE has the potential to grow 100x when tokens are available on exchanges.
