Amid the SEC decision on Bitcoin ETFs— which saw the approval of the applications of 11 asset managers for spot Bitcoin ETFs—Ethereum (ETH) has also managed to stay in the spotlight. In a recent piece of crypto news, Ethereum staking hit a new high—with 24% of total supply locked. This indicates a preference for passive income through staking and suggests trust in its Proof-of-Stake (PoS) mechanism.
Meanwhile, other top crypto coins at the heart of the current market buzz are Chainlink (LINK) and InQubeta (QUBE). These top altcoins have emerged as favorites among whales, making them the best cryptos to buy now.
InQubeta (QUBE): A Promising Cryptocurrency
InQubeta (QUBE) is one of the most talked-about ICOs currently. Its unique concept as a blend of AI and blockchain makes it appealing to retail investors as well as whales. Hence, in its early funding, a staggering $8.4 million has been raised so far, suggesting trust in its potential.
As a blend of AI and blockchain, it aims to reshape the AI sector with blockchain and the crypto economy. To this end, it will build the world’s first crowdfunding platform, which will allow tech startups to source capital through cryptocurrency (the QUBE token). In addition, its NFT marketplace will serve as a hunting ground for emerging and groundbreaking AI ventures, which investors can become early backers of regardless of their income.
Given its anticipated adoption, it is positioned as the best new crypto to invest in. The presale is in the seventh stage, and a token costs only $0.0224. According to experts, there will be a 50x surge in its price after launch, making it a top ICO not to miss out on. If you wish to become an early adopter, click the link below.
Ethereum (ETH): Milestone Staking Achievement
The Shapella upgrade introduced withdrawal functionality for staked Ethereum (ETH), designed to enhance liquidity and flexibility for holders. However, despite this feature, the Ethereum staking rate has increased. It recently reached a milestone, following 24% of its total supply being staked—over 28 million ETH tokens. What we can infer from this is that holders indeed have a strong preference for passive income through staking rather than selling assets after price appreciation.
In other news, Ethereum ETFs hit a speed bump after the US SEC postponed its decision on Fidelity’s application to March 5. Nevertheless, with investor sentiment post BTC ETF high, many are expecting a similar outcome. This makes Ethereum one of the best coins to invest in ahead of its potential spot ETF approval.
Chainlink (LINK): A New Whale Favorite
Chainlink (LINK) has been gathering much momentum in the crypto space. Its growing traction and solid fundamentals have seen it attract whales’s attention, becoming a favorite in the process. At the moment, it is aiming to surpass the $20 resistance, with all eyes on its potential jump.
According to analysts, Chainlink is one of the most bullish plays this year. Its price outlook is promising, with experts forecasting LINK surpassing $50 before the end of 2024. This makes it one of the best cryptos to invest in, and if you don’t already have it in your portfolio, now is a great time to do so.
In addition to its anticipated growth, Chainlink stands out for its important role in the blockchain space. It is a blockchain abstraction layer that enables universally connected smart contracts through a decentralized Oracle network. Primed for massive adoption, it is without a doubt a good crypto to buy.
Conclusion
Ethereum staking has hit a new high, with 24% of the total supply staked. At the same time, InQubeta and Chainlink have emerged as favorites among whales. In light of their massive upside potential and exceptional fundamentals, these are altcoins to watch.
