As investors rush to buy Bitcoin (BTC) ETFs, leading crypto exchange Coinbase recently saw 3,000 Bitcoin tokens being moved out of its reserves.
The movement comes at a time when the market is in celebratory mode after the spot ETFs were launched in the US. The regulatory challenges for ETFs delayed their launch by a few months, but they touched record highs within the first few hours of trading.
The crypto market also seems to be in good spirits due to an altcoin rally led by InQubeta (QUBE) and Arbitrium (ARB). The two tokens have left analysts impressed with their strong performance. For InQubeta, the success comes after it hit the headlines with its presale.
It’s also a part of leading analysts’ lists of best cryptocurrency ICOs. Its ICO has so far raised over $8.4 million.
InQubeta: Helping AI startups innovate for the future
InQubeta has been designed as a user-friendly service that removes the hurdles in fundraising that AI startups usually face. It has a stringent screening process for startups which ensures only legitimate entities are accepted.
With its transparent investment model, investors can back projects that leverage cutting-edge technologies ahead of the competition.
The only mode of payment within the InQubeta network is its native cryptocurrency, the QUBE token. The ERC-20 token’s supply is capped at 1.5 billion and more than 50% of it is set aside for public sale.
The remaining tokens are used for meeting the costs of operating the platform like paying developers and legal fees, funding marketing campaigns, and giving out rewards.
Given the QUBE token’s deflationary model, its patrons can stop worrying about what cryptos to buy now. The model is a boon for times when inflation threatens your portfolio’s returns.
A deflationary mechanism promotes competitive prices by making the asset scarcer than the demand during inflation. The gap drives up its value and keeps investors happy. If there’s a spike in supply, it’s reduced by burning additional tokens in circulation.
With the QUBE token, crypto users can earn passive income through staking and contributing to the platform’s growth. These staked tokens inject more liquidity into the platform and bolster its development. In exchange, the token holders are rewarded with cryptocurrencies throughout the staking period.
Bitcoin ETF shows its demand is everywhere: Franklin Templeton
Bitcoin is a permissionless digital currency that’s used globally for online transactions. Transactions made in terms of its native token, BTC, are validated through the proof-of-work consensus protocol.
Bitcoin has been surging ahead after the launch of spot Bitcoin ETFs. The launch of these funds was held up due to an approval from the SEC which was concerned about the legal aspects of BTC ETF.
Recently, Franklin Templeton CEO Jenny Johnson claimed that the success of Bitcoin ETFs shows the widespread demand for Bitcoin. Franklin Templeton is among the companies whose Bitcoin ETF applications were approved by the SEC this year.
She added that the ETF was a response to the uptick in the cryptocurrency’s use and its integration with the mainstream financial services sector.
While the market was busy celebrating the rollout of Bitcoin ETFs, Coinbase saw 3,000 BTC tokens withdrawn from its exchange.
The development has left market analysts perplexed as they look for a possible reason. However, they have advised BTC holders to exercise caution and avoid rushed decisions.
Arbitrum Launches New Incentive Program
Arbitrum is a Layer 2 technology that offers Web 3.0 tools for creating dApps and other decentralized solutions. Its native token ARB is used for all transactional uses on the platform. It’s an Ethereum-friendly platform and cost-effective scaling solution that can enhance dApps’ flexibility.
Arbitum has been under bullish influence which has sparked a lot of investor interest in its favor. The cryptocurrency’s growth has prompted many analysts to call it one of the best cryptocurrencies to buy this year.
The platform was recently in the news following reports that it was mulling distributing ARB tokens worth $90 million as part of an incentives program. The new incentive aims to encourage users and promote new projects by developers.
Conclusion
If you are looking to buy crypto this year, InQubeta, Bitcoin, and Arbitrum are among the top recommendations from analysts. The three cryptocurrencies have high growth potential and utility-centric models which can both boost and diversify a portfolio.
Given their versatile code architecture, these crypto projects have a range of applications. As their user base grows, they are offering their patrons new growth opportunities to explore. They also have robust security frameworks that can keep their users’ assets and privacy secure 24×7.
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This news is republished from another source.
