Bitcoin ETFs Gain Traction: BlackRock Ex-Director's Insights on RUNE, FTM, and QUBE

Bombolo | News and Media

In the ever-evolving world of cryptocurrencies, Bitcoin reigns supreme with a global fan base. This digital giant is not only considered a pioneer but also a safe investment choice for many. The cryptocurrency landscape is continually changing, and we're now witnessing financial institutions taking innovative steps by introducing specialized products like Exchange Traded Funds (ETFs) into the market. What's more, the prospects for Bitcoin have recently received a significant boost, thanks to the optimistic prediction of BlackRock's former managing director, Steven Schoenfield. Schoenfield believes that the US Securities Exchange Commission will give its nod to a Bitcoin spot ETF within the next three to six months. This prediction isn't just elevating Bitcoin's profile; it's also shining a spotlight on other promising altcoins such as THORChain (RUNE), Fantom (FTM), and InQubeta (QUBE).

Also Read: Bitcoin's Potential Trillion-Dollar Surge: Insights from a Former BlackRock Manager

The Rise of InQubeta

While THORChain and Fantom have established themselves as reputable projects, InQubeta is emerging as a fresh and exciting addition to the crypto world in 2023. With its unique model and impressive presale growth, InQubeta is grabbing the attention of investors globally. This Ethereum-based platform focuses on aiding startups that work with artificial intelligence in securing funding opportunities. The success of its recent presale rounds has only added to its growing popularity. Currently in its fourth presale stage, InQubeta's ICO has already collected an impressive $3.5 million.

InQubeta's Mission

InQubeta is more than just a blockchain-powered platform. It's a gateway for AI startups to connect with genuine investors, breathing life into their visionary projects. This platform empowers investors by providing access to cutting-edge projects before they hit the market. InQubeta has also introduced its native cryptocurrency, known as the QUBE token. This token plays a pivotal role in facilitating transactions within the InQubeta ecosystem.

The QUBE token is modeled on the ERC-20 network and is currently available during its presale. Acquiring QUBE tokens during this stage could potentially lead to substantial long-term gains. For just $0.0133 per token, you can enter the world of AI-driven startups.

Also Read: Bitcoin's Potential Trillion-Dollar Surge: Insights from a Former BlackRock Manager

A Deflationary Model

One standout feature of the QUBE token is its deflationary model. In this model, the token supply is always kept below the market demand, ensuring price stability by minimizing fluctuations. If the supply surpasses the demand, any excess tokens are sent to a burn wallet to be permanently removed from circulation.

To maintain the token's value and prevent supply inflation, a small tax is imposed on every transaction involving the QUBE token. This tax is collected in the form of QUBE tokens and, interestingly, part of these proceeds is directed towards the burn wallet. The remaining funds are allocated for marketing campaigns and the maintenance of the liquidity pool.

The THORChain Progress Report

THORChain, a liquidity protocol that facilitates seamless crypto asset swaps across multiple blockchains, has been making substantial progress. With its user-friendly platform, it offers permissionless asset swapping in an environment where market prices are maintained through ratio assets in a liquidity pool. The native cryptocurrency of THORChain is the RUNE token.

Impressive Numbers

In a recent report, THORChain revealed the achievements of its third quarter. The total volume locked in the platform stands at a remarkable $2.38 billion, and the liquidity fees collected in the third quarter have reached $3.38 million. These impressive figures are attracting investors who are accumulating RUNE tokens in anticipation of a potential bull rally.

Also Read: Bitcoin Whales vs. Ethereum Whales: Who Holds Stronger?

Fantom's Ecosystem Vault

Fantom, a smart contracts platform, has been diligently working to provide developers with a diverse set of tools for creating customized consensus algorithms. The platform addresses common issues like low transaction speed with its innovative framework. The native token, FTM, is the driving force behind all transactions on the Fantom network.

Ecosystem Vault Winners

A recent announcement from the Fantom Foundation revealed the conclusion of a funding round for its Ecosystem Vault initiative. The foundation is gearing up to announce the nine lucky winners who will share a prize pool of 750,000 FTM tokens. Fantom's dedication to supporting the community has led to widespread attention and backing from investors and institutions alike.

Making the Right Choice

As you delve into the world of cryptocurrency investments in 2023, it's crucial to assess the growth potential of each token. While both THORChain and Fantom have earned their stripes in the past, they seem to be overshadowed by the growth potential of InQubeta. This unique platform can help the average crypto user secure their financial future and generate a steady income without breaking the bank. Its user-friendly interface promotes financial inclusion in a hassle-free manner. The latest ICO has set the stage for what analysts are calling a promising start, and QUBE could potentially deliver significant gains once it's listed on mainstream exchanges.

Cryptocurrency enthusiasts and investors have plenty to look forward to in the ever-evolving world of digital assets. With Bitcoin gaining momentum and altcoins like InQubeta showing incredible growth potential, the crypto landscape is ripe for exploration. Stay informed and keep an eye on these promising projects for a brighter financial future.

Also Read: Riding the Wave: BlackRock's Report on 2023's Fixed-Income Inflows Surge

FAQs

1. What is the QUBE token's unique feature?

   The QUBE token has a deflationary model, ensuring its supply remains below market demand, minimizing price fluctuations.

2. How does InQubeta support AI startups?

   InQubeta provides a platform for AI startups to connect with genuine investors, offering them early access to cutting-edge projects.

3. What is the native cryptocurrency of THORChain?

   The native cryptocurrency of THORChain is the RUNE token.

4. What is Fantom's approach to addressing low transaction speed?

   Fantom addresses low transaction speed by offering developers a variety of tools to create customized consensus algorithms.