The crypto market recently experienced what might be the start of a new bull market. Apparently, the crypto market isnt dead, as critics will have many believe. In an exciting turn of events, Ethereum (ETH) broke the $1,800 resistance level while Binance Coin (BNB) rose above $225. Meanwhile, InQubeta (QUBE), a new player and a top ICO, made waves after raising a staggering $4.1 million in its presale.
To learn more about these market trends and position well for the bull cycle, keep reading.
InQubeta (QUBE): $4.1 Million in Presale
While Ethereum and BNB are soaring in the crypto market, InQubeta (QUBE) is setting the pace in the ICO (initial coin offering) space. As one of the new ICOs, it raised a substantial $4.1 million in its presale. This suggests confidence in what it is offering and its potential, which we will explore below.
InQubeta captures investors' and enthusiasts' attention because of its convergence of AI and blockchain. Through this approach, it aims to solve a key problem within the AI market, which is fundraising. How does it intend to achieve this? Simply put, it will become the first crowdfunding platform for AI startups through crypto, using its QUBE token. That isnt all; it also seeks to democratize the AI market by opening investments to all.
This community is growing at a fast pace, which you can be a part of by participating in the presale via the link below. It is presently in the fourth round of its presale, and a token costs only $0.0133. Meanwhile, according to experts' forecasts, it will rally by 3,000% before the end of 2023, making it the best new crypto to invest in.
Ethereum (ETH): Surpassing the $1,800 Resistance
Whether you are a seasoned pro or a crypto newbie, chances are you have heard of Ethereum (ETH) at some point. It is popularly called the cornerstone of decentralized applications (dApps) and smart contracts. In other words, it is a platform that executes decentralized smart contracts and also hosts other cryptocurrencies. Hence, in the blockchain space, Ethereum is arguably the best cryptocurrency.
In addition, what makes Ethereum more striking is that it is the second-leading token by market capitalization. Therefore, it is a blue-chip token with sustainable growth and relatively moderate volatility, making it a good crypto to buy.
Further, it recently broke the $1,800 resistance, signaling a significant breakthrough. This is expected to be the start of a substantial rise in its price, making Ethereum a token to watch in the coming days and weeks.
Binance Coin (BNB): An Important Player in the Crypto Scene
Binance Coin (BNB) is one of the top 5 cryptocurrencies. It is the native cryptocurrency of the Binance ecosystem. When you consider how large the Binance ecosystem is, which includes the Binance exchange, Binance Chain, Trust Wallet, and Binance Smart Chain, you can visualize just how critical BNBs function is.
Some of the use cases of BNB include settling transaction fees, payment for goods and services, and participating in exclusive token sales. Therefore, it is a key player in the crypto landscape.
Regarding the latest developments within its ecosystem, its price rose to reach the $225 mark, creating a buzz in the crypto community. With more to come, BNB is a top altcoin to keep an eye on.
The movements of Ethereum, BNB, and InQubeta perfectly answer the question, What is the frenzy all about? These tokens are currently creating a buzz in the crypto community with their remarkable performances. With more to come, they are altcoins to watch out for.
View source version on newsdirect.com: https://newsdirect.com/news/ethereum-breaks-1-800-resistance-bnb-soars-above-225-inqubeta-raises-4-1-million-310574605
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.