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HomeNewsETF Critique Leads Bitcoin to Drop Under $42,000; Render and InQubeta Seen...

ETF Critique Leads Bitcoin to Drop Under $42,000; Render and InQubeta Seen as Upcoming AI Market Leaders

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Bitcoin, once thought to be the best cryptocurrency around, is experiencing a bit of a lull recently, after the ETF release didn’t quite pump the BTC price in the initial days as most investors had hoped. With that being said, there are still projects doing well in the space regardless, like Render and InQubeta, which are proving to be serious contenders in this current crypto market.

Bitcoin Dip Post ETF

Sadly, the SEC decision on Bitcoin ETF was not all it was cracked up to be, at least in the short term. Many investors are speculating that it may take some time for the world to catch up to this news, and for BTC to receive the massive inflow of capital it needs to hit those all time highs.

The ETF has been critiqued by a lot of experts, and the BTC price quickly fell to below $42k as a result. Now, investors are speculating just how low BTC might go before a bullish bounce. On the bright side for the market though, BTC going down may mean that altcoins begin going up.

Render Keeps Investors Engaged

Render is one such project that’s on the rise. The Render Token (RNDR) project introduces a host of new opportunities to digital creators in the Web3 space. 

The network was built to provide content creators access to distributed GPU rendering services on the blockchain. The platform allows users to share their GPU power in a seamless manner. In return for their efforts, users receive rewards. In this way, the Render Token provides much-needed computational power to artists, developers, and studios.

Render Token allows anyone to share their unused GPU power with ease. The system eliminates the technical barriers associated with network computational systems. The system connects users looking to perform render jobs with people who have idle GPUs. This strategy saves the users significant time and money since they don’t need to purchase high-end computers to handle these tasks in-house.

InQubeta Leading The Way For The AI Market

The potential of AI technology knows no bounds, and startups are at the forefront of groundbreaking developments. InQubeta simplifies the process for investors to support AI invention, driving the growth of technology that can revolutionize various aspects of our lives.

Notably, InQubeta is built on the Ethereum blockchain, leveraging its smart contract capabilities. Plans to expand to multiple blockchains in 2024 will enhance accessibility and diversity in the investment ecosystem, solidifying its position as a top crypto to invest in.

Traditional investment in AI startups has historically been limited to a select few, but InQubeta aims to change that narrative. Leveraging blockchain and smart contracts, InQubeta creates a secure, transparent, and inclusive investment ecosystem, making it one of the best coins to invest in for the future.

The buy and sell tax structure of QUBE benefits token holders and the broader InQubeta community. A portion of these taxes goes towards initiatives such as staking rewards, liquidity, marketing, and token burn, ultimately enhancing the token’s value.

This unique platform democratises AI investment, offering an equal opportunity for everyone, making it one of the best cryptos to invest in now. InQubeta introduces a groundbreaking concept where AI startups tokenize their investment opportunities as NFTs. This strategy opens the door for investors, irrespective of their budget, to engage with AI startups, creating a level playing field for all.

Visit InQubeta Presale

Conclusion

Hopefully, the ETF news is not the end for BTC, and we hope to see that the crypto coin is on the way up after a short consolidation period. With that being said, projects like Render and InQubeta may now have room to breathe and create new all time highs for investors. An alt season may soon be upon us.

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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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