The race for a Bitcoin (BTC) spot exchange-traded fund (ETF) continues to intensify as asset manager VanEck files its fifth amended application, weeks away from the US Securities and Exchanges Commission’s (SEC) deadline to accept or decline a handful of ETF applications.
While discussions about the possibility of an ETF getting approved continue to dominate the cryptocurrency space, InQubeta has raised over $6.8 million as it emerges as one of the best altcoins to invest in. The event has earned early investors 175% returns so far and those who buy QUBE now get to enjoy up to 60% returns on their investments before tokens are issued on exchanges.
InQubeta is a new DeFi project that takes on mainstream investment entities by providing a more accessible alternative way to invest in artificial intelligence (AI).
Best altcoins to invest in: AI-focused InQubeta (QUBE) investors set for an exponential surge
2023 has been a good year for AI-focused cryptocurrencies in general as many have brought investors considerable returns. InQubeta is the first crypto crowdfunding platform to focus on creating easier access to artificial intelligence investments and this, along with the exponential growth of the AI industry, positions the project for long-term success.
There have been many improvements to the viability of AI since the days when it was nothing more than an interesting concept many sci-fi movies explored. Major improvements have been made in the last decade and autonomous vehicles are now being mass-produced while online retailers like Amazon test out humanoid robots in warehouses.
The improvements in AI’s viability have led to a tremendous inflow of capital, and investments in the technology have risen 12x in the past several years. An excess of $120 billion is currently invested in artificial intelligence and the figure is projected to reach $1.5 trillion by 2030.
Here’s how the investment process works on the InQubeta network:
- Startups first pass an evaluation to determine if they qualify to fundraise on the network. If approved these firms create non-fungible tokens (ERC20 coins) with investment opportunities minted into them. Think of these as the network’s version of stocks
- ERC20 coins are fractionalized and displayed on the NFT marketplace. Fractionalization breaks them down into smaller, more affordable pieces
- Investors research the different companies fundraising on the marketplace and buy tokens they find interesting with QUBE, which can be bought with cryptocurrencies or fiat. Investors will eventually be able to buy QUBE on exchanges
- Investors can hold on to their tokens and earn all the rewards promised to them or they can resell them on the marketplace whenever they choose
VanEck changing ticker to HODL
The US Securities and Exchange Commission has recently received another amended application for a Bitcoin ETF from asset manager VanEck. VanEck’s ETF will now be listed on the “HODL” ticker signal, which is derived from the popular acronym, meaning “hold on for dear life.” It’s often used in the cryptocurrency space. Bitcoin holders use the phrase to describe the strategy of accumulating tokens and never selling.
An ETF analyst at Bloomberg Intelligence, Eric Balchunas, notes that VanEck’s ticker choice differs from the more boring choices made by firms like Fidelity and Blackrock. The new ticker symbol should resonate well with hardcore crypto enthusiasts.
Bitcoin has been on an impressive bull run lately and an ETF getting approved in early 2024 is expected to send prices up exponentially.
Summary
QUBE has been one of the best altcoins to invest in this year as its prices have risen by over 175% since its presale started. BTC is also a good crypto to buy as the possibility of an ETF getting approved within the next month seems pretty high. BTC could grow up to 3x in 2024, while QUBE is expected to go as high as 100x.
