Macroeconomic conditions and regulatory concerns steered the crypto market to new heights once again as the price of many top crypto coins like Dogecoin (DOGE) trended upwards. Buoyed by futures speculation, the dog-themed meme coin registered an 18% jump recently.
The positive price action coupled with the popularity of spot ETFs pushed the price of Bitcoin (BTC) as well. Analysts who have been reviewing its recent movement suggest that it can potentially cross $75,000 soon.
The other altcoin which has been in the news is InQubeta (QUBE). The crypto project first shot to fame last year by offering crypto users a hassle-free way to invest in AI projects.
InQubeta: A utility-centric crypto project for AI enthusiasts
InQubeta is powered by the Ethereum blockchain and can efficiently facilitate crypto investments in the AI space. Since its launch, the cryptocurrency has bolstered its market position and emerged as one of the recommended presales of the year. Its ICO has raised over $12.5 million so far.
The platform invites startups to float their projects for crowdfunding and their investment proposals are minted into NFTs. These NFTs are then sold to crypto users who get a share in the startup’s equity in exchange for the funding. All transactions at the NFT marketplace are made with InQubeta’s native cryptocurrency, the QUBE token.
The cryptocurrency is also used for rewards for those willing to stake their QUBE tokens. These staked assets are used for securing the network and promoting the blockchain’s growth.
Hailed as one of the best altcoins to buy now, the QUBE token empowers its owners to become decision-makers for the platform. All proposals for protocol upgrades or changes are put to a vote where only token holders can participate.
The decentralized governance mechanism enables all stakeholders to air their concerns about suggested changes and ensure that only the best ones are implemented.
InQubeta also helps new AI startups with marketing support and mentorship from experienced veteran experts. It allows even retail users to participate and invest in the AI market at the click of a button.
Coinbase to list Dogecoin futures on its exchange
Known for its quirky side, Dogecoin is a good crypto to buy as it helps people diversify a portfolio while cashing in on meme coins’ popularity. Transactions made with its native token DOGE are confirmed with the proof-of-work protocol.
The DOGE token was recently in the news after its price surged by 18% following a bullish prediction by analysts.
Its popularity has also spiked after leading crypto exchange Coinbase announced that it has applied to offer Dogecoin futures as a product on its platform.
The exchange applied with the US Commodity and Futures Trading Commission on March 7 and it was approved. According to reports, the futures product will go live on Coinbase on April 1.
London Stock Exchange to allow trading of Bitcoin ETN
Given that it’s one of the oldest crypto assets and is still popular, Bitcoin has a lot to offer its holders. Its native token BTC is used for various transactional purposes.
The proof-of-work token is one of the best crypto investments available today and the market is abuzz with speculations that it will soon touch $71,000.
In a sign of how crypto assets are making inroads into mainstream finance, the London Stock Exchange recently announced that it would be launching a marketplace for Bitcoin-based exchange-traded notes (ETNs).
The marketplace will be launched on May 28 and registered exchanges can file applications with UK regulators to list their ETNs.
Conclusion
InQubeta, Bitcoin, and Dogecoin are among the best crypto investments available in the market today as they combine the best of DeFi technology with user-friendly frameworks. The three tokens have moved from strength to strength with their uninterrupted growth, despite long periods of market volatility.
Analysts claim that the recent achievements of these three tokens also have a role to play in their success. Coinbase’s plans to roll out a Dogecoin futures product and the London Stock Exchange’s announcement of a marketplace for Bitcoin have helped the DOGE and BTC tokens move higher.
In the case of InQubeta, its one-of-a-kind model has triggered a financial revolution where people from diverse backgrounds can invest in AI projects. Its presale success is a reminder of how AI can open new avenues for industries.
The post Dogecoin’s 18% Jump on Futures Speculation, Bitcoin Eyes $75K & Emerging AI Altcoin Presale Breaks $12.6M appeared first on BitcoinWorld.
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