The crypto community was sent into a frenzy following the much anticipated Starknet airdrop on February 20—the largest so far in 2024, rivaling JUP and DYM. With excitement on the rise, so is the crypto market, with Bitcoin (BTC) and altcoins soaring, and Ethereum (ETH) on a notable roll.
Giving his two cents on Ethereum’s uptick in an interview on Coindesk, Greg Magadini, Amberdata derivatives manager, touched on ETH’s remarkable performance over BTC. He argued that ETH’s upward trend may continue, stating that its fundamentals look more positive than BTC’s. He continued by saying the decrease in ETH’s supply is more critical than the upcoming Bitcoin halving, meaning it will perform better.
In the ICO world, InQubeta (QUBE) has been stirring up much buzz, recently shooting past $10 million in its fundraising. Capturing investor interest—considering its staggering upside potential and novelty—it is one of the best cryptos to buy now.
InQubeta (QUBE): Drawing Investor Interest
InQubeta (QUBE) is undoubtedly one of the biggest stars in the ICO world. Over $10 million has been raised in its ongoing presale, highlighting how confident investors are in its potential and appeal. As an emerging crypto and one of the most promising new ICOs, its launch will be followed by an explosive surge.
A token costs only $0.0224 in the seventh stage of the presale. Meanwhile, according to analysts and popular forecasts, it will experience a 65x jump after launch, positioning it as the best new crypto to invest in and a recommended presale.
While its astounding growth potential has been able to draw massive investor interest, so has its novelty. It stands at the intersection of AI and blockchain and aims to solve critical issues within the fast-rising AI sector, notably fundraising.
Its crypto-based crowdfunding platform will allow tech startups to source much-needed capital through the QUBE token. They simply need to mint investment opportunities, which will be represented as equity-based NFTs and fractionally offered to investors on the NFT marketplace.
Ethereum (ETH): Outperforming Bitcoin
Ethereum (ETH) is the second-largest crypto by market cap, which is probably one of the reasons why investors and analysts are bullish, opting for it over Bitcoin. Following the rise in investor sentiment post-BTC ETF, Ethereum has been soaring, with its foot right on the gas.
Its ecosystem growth has been partly fueling the upside, notably the launch of the experimental ERC-404 token standard and the impending release of the much-anticipated Dencun upgrade on the mainnet. Given its remarkable performance, Greg Magadini, Amberdata derivatives manager, couldn’t be more bullish.
In an interview with Coindesk, he stated that Ethereum’s performance has dwarfed Bitcoin’s and that it will continue to perform better. He cited its solid fundamentals as one of the key drivers and also its deflationary supply, which he interestingly said is more important than the upcoming Bitcoin halving. In his words, “Everyone is talking about the Bitcoin halving in April, but this is nothing compared to the active ‘REDUCTION’ in ETH supply that has been occurring since September 2022.”
He continued by saying that staked ETH further adds to the low supply—deflationary tokenomics. Of equal importance is the impending approval of spot Ethereum ETFs by the SEC, which he mentioned, and he concluded by saying, “…the story of ETH becomes as bullish as possible.”
In light of the above and Ethereum’s upside potential, it is among the best cryptos to invest in. It touched $3,000 earlier this week—a level last seen in 2022. With more to look forward to, ETH is a bullish wave not to miss out on this year.
Conclusion
Magadini’s bullish outlook on Ethereum over Bitcoin stems from its deflationary tokenomics and low supply. Additionally, the potential approval of Ethereum spot ETFs will further propel its price, making it outperform BTC. Meanwhile, InQubeta has become an investor favorite, preparing to skyrocket after its launch. You can participate in the ICO by clicking on the link below.
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