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HomeNewsBitcoin's $63K Surge Approaches Peak; Growing Appeal of a Render Rival

Bitcoin’s $63K Surge Approaches Peak; Growing Appeal of a Render Rival

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Bitcoin (BTC) prices recently broke the $63,000 resistance and tested $64,000 before pulling back to $60,000. The approval of exchange-traded funds by the US Securities and Exchange Commission (SEC) and the halving event scheduled for April are credited for its recent price surge. 

Bitcoin’s recent bull run brought prices to within 10% of its all-time high (ATH) set in November 2021. Bitcoin’s coming close to its ATH should carry over to other altcoins eventually. As of now, most are still more than 50% away from their respective ATHs. Bitcoin currently dominates 54.6% of the capital invested in the cryptocurrency space, so an altcoin season won’t start until some of that capital starts flowing into other cryptocurrencies.

While BTC prices are anticipated to grow as high as $160,000 in 2024, altcoins focused on artificial intelligence are expected to enjoy the most growth. InQubeta (QUBE) is an emerging crypto that’s expected to enjoy as much as 10,000% growth, and it’s expected to outperform top AI cryptos like Render (RNDR). 

Best cryptocurrency to invest in: InQubeta (QUBE) is expected to outperform BTC in 2024

InQubeta is one of the top altcoins that could end up outperforming Bitcoin in the next several years thanks to the inventive way it brings AI startups and investors together. Artificial intelligence is one of the hottest topics right now thanks to the improving performance of AI products and InQubeta looks to democratize access to investment opportunities in the space. 

InQubeta plans to create an investment ecosystem without the elitist requirements that often bar potential investors from using traditional investment services. There’s also the issue of over 1.4 billion people worldwide being unbanked according to the World Bank Group. Such people can now access lucrative AI investment opportunities on InQubeta’s marketplace. 

AI startups secure funding in the ecosystem by developing non-fungible tokens (NFTs) that are tokenized proof of investment opportunities. The NFTs perform a similar role to stocks in traditional markets. 

Investors and AI startups connect on the NFT marketplace where tokenized investment opportunities are displayed. Investors can invest in any of the opportunities being offered by using QUBE, the native currency and governance token, to buy NFTs made by the companies offering them. 

It’s a secure, efficient, and transparent investment ecosystem that’s governed by investors with QUBE. They get to vote on existing issues and recommend ideas for the future. 

InQubeta’s roadmap to launch its investment ecosystem couldn’t be better timed as investments in AI grow exponentially. More than $1.5 trillion is expected to pour into AI by 2030. InQubeta looks to be a major player as this occurs, directing capital to startups by offering easy-to-access investment opportunities. 

Render (RNDR) surges 54% in the last 30 days

Render should be on your list if you’re wondering what cryptos to buy. RNDR prices have grown by 379% in the past 12 months and it recently set a new ATH at $8.40. Its Ethereum-hosted protocol allows miners and others with unused GPUs to monetize their processing power by renting it out. 

Render is expected to be one of the top-performing AI-focused cryptocurrencies in 2024 thanks to the huge demand for the solutions it delivers. 

How high will Bitcoin (BTC) prices go?

BTC prices are expected to set a new all-time high in the coming days and prices could skyrocket from that point as its halving event draws closer. The consensus is that Bitcoin (BTC) prices will reach as high as $160,000 this year. 

Summary

RNDR, QUBE, and BTC are expected to enjoy exponential growth this year for different reasons. The influx of capital from Wall Street via ETFs is expected to help take BTC prices to new highs, while QUBE and RNDR are expected to get a slice of the $1.5 trillion expected to pour into AI. 

QUBE is expected to enjoy the most growth in 2024, with projections expecting as much as 10,000% gains thanks to the investment space it aims to deliver. 

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John Kiguru
John Kiguru
John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@ethnews.com Phone: +49 160 92211628
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