Cryptocurrency markets have been a rollercoaster ride lately, with Bitcoin ($BTC) grabbing headlines as it hovers around $28,000. Beginner cryptocurrency investors are closely monitoring its price movements as it has been wrestling with key technical indicators and market dynamics.
But Bitcoin is just one of the top crypto coins drawing attention these days. InQubeta ($QUBE), a pioneering force in AI investment, and Flow ($FLOW), a blockchain-based ecosystem, are also making waves in the crypto space.
Bitcoin ($BTC) Lingers Around $28K
Over the first two weeks of October, Bitcoin ($BTC) has been in a narrow trading range, with the price lingering around $28,000. While it did make a push towards breaking this critical level, it encountered resistance, and fresh concerns emerged among market participants. One notable point of contention revolves around the Daily 200MA and the Daily 200EMA. Traders are watching these two key moving averages, as their interaction could impact the cryptocurrency’s trend in October.
Daan Crypto Trades, a popular trader, pointed out this ongoing tussle on October 4th, stating that the first to give in between the two indicators will be the one to set the tone this month for Bitcoin.
Additionally, increased open interest (OI) across exchanges has been noticed, often preceding a short squeeze followed by longs. Traders are closely monitoring this development, as it can notably impact Bitcoin’s price.
While CoinGlass reported negligible liquidations in both long and short BTC positions recently, Material Indicators observed varied behavior among whales. Some in the $100,000 to $1 million range increased their exposure, while others sold nearly $60 million worth of Bitcoin. This dichotomy in whale behavior has left observers puzzled, but it’s clear that the market’s surprise lies in its resilience in not falling lower in price.
Investors Add Flow ($FLOW) & InQubeta (QUBE) to x100 Their Portfolio
Flow ($FLOW) is making a name for itself by offering a mobile-ready platform that brings web3 experiences to users on iOS and Android. Its focus on scalability sets it apart, enabling fast and congestion-free transactions. This top crypto to invest in is home to world-class mainstream IPs, including NBA, NFL, Doodles, and Mattel.
Additionally, this cryptocurrency for beginners provides an open ecosystem that encourages developers to build on its blockchain. Its developer tools make creating decentralized applications and non-fungible tokens (NFTs) easy. With NBA Top Shot as one of its flagship projects, Flow is poised to ride the wave of NFT popularity, offering a unique and scalable blockchain solution.
InQubeta ($QUBE): The Rising Star
InQubeta ($QUBE), one of the new DeFi projects in the market, has recently achieved a significant milestone by raising over $3.7 million. This is a testament to the innovative spirit of the AI investment landscape and the success of the $QUBE token. InQubeta is the world’s first crypto crowdfunding platform designed for fractional investment in AI start-ups.
InQubeta employs a deflationary model with a 2% tax on all buy and sell transactions. This tax contributes to a burn wallet, minimizing the token supply over time, enhancing $QUBE’s scarcity and increasing its value. Investors play a pivotal role in this process, contributing to the growth of AI technology start-ups and reaping the rewards of their participation.
The InQubeta ($QUBE) ecosystem is community-centric, empowering individuals to actively engage in AI investment success. A 5% sell tax feeds a dedicated reward pool, encouraging investors to stake their tokens to receive rewards.
InQubeta’s NFT marketplace further enhances the investment experience, bridging the gap between innovators and investors. Start-ups raise funds and provide reward and equity-based NFTs, making AI start-up investment accessible to all. This achievement reflects the ease with which investors can support AI innovation, aligning with their budget and financial goals. Furthermore, InQubeta’s commitment to innovation and community engagement has garnered significant attention, evident in its substantial Twitter following.
Final Thoughts
Bitcoin hovering around $28,000 is a testament to the crypto market’s unpredictability and BTC’s resilience. While it remains a top crypto to buy, there are other altcoins investors are adding to their portfolios to achieve x100 gains, such as Flow ($FLOW) and InQubeta ($QUBE). InQubeta, in particular, is among the best altcoins to buy this year because of its successful presale, unique features, and strong community.
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