Altcoins
Spot Bitcoin ETFs Achieve Record Growth and AI Altcoin on Track to Surpass Celestia
Following a historic decision by the Securities and Exchange Commission (SEC), Bitcoin ETFs (BTC) launched with great fanfare in the United States in January. Since then, the funds have outperformed many asset classes due to heavy buying.
Through April, crypto ETFs had collectively raised over $12.5 billion in investor inflows. The record growth has inspired many other countries to explore the crypto ETF space. In April, Hong Kong green-lighted a proposal to launch spot ETFs in the region.
The altcoin sector appears to be buzzing with similar optimism, thanks to the growth of InQubeta (QUBE). A decentralized platform that helps startups with crowdfunding, the AI-powered altcoin is touted as a rival to big names like Celestia (TIA).
The pre-sale stages of the cryptocurrency were also a major success and closed after raising over $13.6 million.
InQubeta: A Disruptive AI-Driven Altcoin
In Quebec has made headlines with its large-scale investment model where AI startups can explore multiple funding sources. Crypto users have the advantage of supporting AI projects that are ahead of their time.
The InQubeta model is simple because startups and investors interact through its NFT marketplace. NFTs are created from investment proposals from startups and are then sold to crypto users.
To purchase these NFTs, people must own InQubeta’s native coin, the QUBE token. After the transaction, the startups receive the funds and the buyer of the NFT becomes a shareholder of the company.
With the QUBE token, people will no longer have to worry about which cryptos to buy now as it has a deflationary model. This feature gives it an advantage over other asset classes whose prices fluctuate based on market conditions.
Every time inflation increases, the model makes the QUBE token scarce in the market. The supply is reduced by burning all unwanted coins in circulation. Lower supply will stabilize prices and boost demand even in less than ideal market conditions.
Crypto users looking for a convenient way to earn passive income can stake their QUBE tokens. Staked tokens are locked in liquidity pools and help secure the blockchain and support its growth.
To incentivize owners, the emerging crypto distributes staking rewards from an exclusive pool. The swimming pool is maintained by tax collections. Token holders can stake their assets for as long as they want and without affecting their property rights.
Online campaign aims for inclusion of Bitcoin in Swiss National Bank reserves
Bitcoin is a proof-of-work cryptocurrency used worldwide for digital payments. The supply of its native token BTC is limited. The BTC token has had a stellar year so far as events such as the launch of spot ETFs and a halving event contributed to its rally.
Since its debut in the United States, BTC ETFs have attracted investor flows worth $12.5 billion.
In related news, Bitcoin users in Switzerland have launched an online campaign to include the token in the national bank’s reserves.
Celestia Labs raises $55 billion
Celestia is a modular data framework that solves all scalability issues when deploying a blockchain. The TIA Network utility token is used for all transactional purposes.
Considered one of the altcoins to watch this year, the network recently made headlines after its parent company, Celestia Labs, raised around $55 million in a Series A and B round.
The funding round was led by leading venture capital funds such as Polychain Capital and Bain Capital Crypto.
Conclusion
InQubeta, Bitcoin or Celestia? Choosing between the three tokens seems to be a difficult choice as they are some of the best cryptocurrencies to buy in the current market.
All three tokens have received favorable ratings from analysts due to their high potential and inventive designs. Another reason for their growing popularity is their focus on new partnerships and projects.
This fact is highlighted by the $55 million funding round recently won by Celestia Labs. Celestia Labs, which is the brainchild of the blockchain network, has reached unicorn status through the funding round.
Bitcoin has also reached record highs due to the popularity of spot ETFs and its recently concluded halving event.
InQubeta is quickly catching up with top cryptos and making waves internationally. After being featured on top analysts’ top cryptocurrency ICO lists, the cryptocurrency is looking to reach new audience groups after being listed on Uniswap and MEXC.
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