Cathie Wood, the CEO of Ark Invest, an investment management firm, has expressed confidence that U.S. regulators will finally approve a spot Bitcoin (BTC) exchange-traded fund (ETF) in the coming weeks. The move could help drive the BTC price substantially higher, according to Wood. At the same time, projections have identified two decentralized finance (DeFI) projects, Hedera (HBAR) and InQubeta (QUBE), that are also eyeing bullish momentum this season.
Hedera is on a price rally as it has experienced positive growth signals and market trends this year. InQubeta’s cryptocurrency ICO is witnessing broader participation, and this success can be attributed to how it offers a gateway to cryptocurrency, blockchain innovation, and AI (artificial intelligence) technology. The following sections explore the reasons behind Cathie Wood’s bullishness on BTC and Hebera and InQubeta’s recent bullish signals.
InQubeta (QUBE) Fuels AI Adoption With Cryptocurrency
InQubeta aims to become the world’s first platform for AI startups to raise funds via cryptocurrency. The project allows investors with varying budgets to own portions of trending NFTs (non-fungible tokens), where each NFT represents a stake in an AI project. InQubeta has become the top crypto to buy among crypto enthusiasts, raising nearly $7.7 million in presales and selling more than 689 million tokens.
As seen by the hike in the transactional activities of its native QUBE tokens, InQubeta is preparing for a bull run. This cryptocurrency ICO is in its sixth stage and costs $0.01925 per token. Based on the essential use cases of InQubeta, its demand is high, with only roughly 8% of the tokens allocated for this stage left before the per-token price goes up to $0.0224.
Another benefit InQubeta offers is that investors can earn rewards from a staking pool funded by a 2% buy tax and a 5% sell tax. Token holders can capitalize on this structure by staking their tokens to increase demand for QUBE and profit from their locked tokens as the coin’s value rises. As a governance token, QUBE also gives its holders decision-making rights that foster a sense of ownership in its growing community.
Bitcoin’s (BTC) ETF Approval On The Horizon
Speaking on CNBC, Cathie Wood stated that she is “very encouraged” by the Bitcoin ETF’s progress with the Securities and Exchange Commission (SEC) over the past year. With the SEC setting a January 10th decision deadline, Wood believes every detail is satisfactorily addressed to merit approval. She envisages that a spot ETF will become one of the easiest ways for institutions to access BTC, allowing them to allocate a small portion of trillions of dollars in assets to Bitcoin. Based on the limited supply cap of Bitcoin, such an event could move BTC’s price significantly.
Hedera (HBAR) On 30-Day 50% Rally
The Hedera network is a proof-of-stake, open-source ecosystem for developing decentralized applications (dApps). Hedera gives users fast transaction speeds and a secure and energy-efficient network. HBAR is the protocol’s utility token to settle transactions, which holders can also stake to earn more.
The DeFi coin price of Hedera has seen a 50% rise in 30 days and about a 155% increase this year. The consistent uptick highlights its edge as a stable investment asset. This performance of HBAR in challenging market conditions serves as a promise for a coming bull run.
As Hedera and InQubeta perform exceptionally, focus is also drawn to Cathie Wood’s bullish sentiment on Bitcoin as the community anticipates its ETF approval. InQubeta offers the opportunity to acquire trending NFTs representing equity-based and fractionalized stakes in early and profitable real-world AI projects. With the presale progress, enticing models, and the growing adoption of AI, InQubeta is the best crypto to buy now for profitability.
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