SPONSORED POST*
Insightful predictions often guide investor sentiment in the dynamic world of cryptocurrencies. Dan Morehead, the founder and managing partner of Pantera Capital, has recently contributed his own bullish forecast for the crypto market, particularly focusing on Bitcoin. He opines that top crypto coins are decoupling from traditional assets, which is the primary reason behind his predictions. Meanwhile, a new kid on the block, InQubeta (QUBE) is all over news feeds with a top ICO performance, attracting a presale funding of over $5.4 million, reflecting a growing AI trend in the market.
Summary
InQubeta (QUBE): Redefining AI and Crypto Investment
In the backdrop of these positive market predictions, InQubeta is emerging as a standout in the cryptocurrency space. This unique platform, which seamlessly blends AI technology with blockchain investment, is gaining traction among investors for its innovative approach to democratizing AI startup investments.
InQubeta’s fractional ownership model allows QUBE holders to purchase trending NFTs and be a part of a growing venture. This doesn’t only support emerging companies, but also creates an environment where both startups and investors benefit. These NFTs represent a stake in various AI companies, offering a new and accessible way for investors to engage with and reap rewards of a growing technology like AI.
The powerhouse of the InQubeta platform is the QUBE token. As a deflationary ERC20 coin, it incorporates a 2% buy and sell tax that contributes to a burn wallet and a 5% tax for a rewards pool, fostering a long-term investment culture. Moreover, the governance aspect of the token allows the holders to propose, vote, and get involved in the development of the ecosystem.
Thanks to a comprehensive audit by Hacken, and KYC verification by BlockAudit, InQubeta has gained immense trust in the market. The presale has been a resounding success with more than $5.3 million worth of tokens sold in no time. There are plans to go cross-chain by 2024, and a roadmap to introduce Swap and DAO, which will increase the utility of QUBE, making it one of the best altcoins fundamentally.
Dan Morehead’s Bullish Stance on Cryptocurrencies
Turning to Dan Morehead’s insights, his prediction of a long bull run for best cryptocurrencies like Bitcoin is based on a detailed analysis of market trends and blockchain asset correlations. In Pantera Capital’s latest letter, Morehead points out that the correlation of blockchain assets with traditional market indices like the S&P 500 has been historically low, at around 0.03 over their first nine years. He describes blockchain assets as the “dream investment,” attributing their appeal to high historical returns and minimal correlation with conventional assets.
Morehead observes that blockchain assets should inherently be uncorrelated to stocks, bonds, and real estate, given their lack of connection to interest rates. He notes that the correlation between Bitcoin and the S&P 500 has returned to below 0.1, suggesting a return to the assets’ fundamental uncorrelated nature. These observations lead Morehead to predict a rising tide in the crypto market, indicating that enough time has elapsed since the events that initially increased this correlation.
Conclusion
The crypto industry is experiencing a wave of optimism and growth, with Dan Morehead’s predictions of a long Bitcoin bull run and InQubeta’s successful presale marking significant developments in the space. While Bitcoin is known to roar back with a strong push, it’s the new ICOs like InQubeta that serve as a testament to growth and innovation in the industry.
*This article was paid for Cryptonomist did not write the article or test the platform.
