Bitcoin (BTC) price movements have historically been correlated with the S&P 500, but things might be changing as BTC’s value has slowly declined in the past couple of weeks while the S&P 500 enjoyed steady growth.
BTC prices are expected to reach as high as $160,000 in 2024, but the approval of eleven exchange-traded funds that met the US Securities and Exchange Commission’s (SEC) ETF acceptance criteria hasn’t delivered the expected surge many were anticipating. However, BTC’s historic price charts show its biggest bull runs are typically preceded by strong pullbacks.
Meanwhile, InQubeta (QUBE) has emerged as a top challenger in the decentralized finance space as it seeks to democratize access to artificial intelligence (AI) investments. It’s one of the top ICOs around, and it has raised over $8.6 million as it prepares to enter its eighth stage. Buying QUBE has earned early investors 220% returns on their investments so far.
Quant (QNT) is another top defi crypto that helps to connect blockchain systems. Its ecosystem allows developers to build multi-chain decentralized applications that power many DeFi services.
Top DeFi Coins to Invest In: InQubeta (QUBE) Projected to Enjoy 100x Returns
InQubeta provides a solution to one of the most common issues people seeking to invest in artificial intelligence face: not having access to mainstream investment firms due to arbitrary requirements. InQubeta uses its Ethereum-developed network to create a unique investment process that allows investors to buy equity in AI startups and earn other rewards like profit-sharing.
The viability of AI has increased considerably in the past several years, and so have the funds invested in the industry. More than $120 billion was invested in AI in 2022, and over $1.5 trillion is expected to enter the space in the next couple of years.
The AI revolution is officially underway, and those who invest in some of the startups appearing today position themselves for substantial profits in the long run.
Here’s what the investment process looks like on the InQubeta network:
- AI startups that pass an initial assessment get access to InQubeta’s NFT marketplace, where they can make equity or reward-based ERC20 coins that symbolize investment opportunities
- ERC20 coins are split into smaller, more affordable portions and displayed on the NFT marketplace
- Investors acquire QUBE with credit/debit cards or cryptocurrencies and use it to invest in AI startups by buying their ERC20 coins. These investors can also hold on to their QUBE bag to earn profits. Tokens presently sell for $0.0224, but prices are expected to reach as high as $1 this year
The Correlation Between S&P 500 Price Movements Affects Bitcoin Prices
One major similarity between S&P and Bitcoin price movements is that both excel when central banks lower interest rates or attempt to stimulate the economy with stimulus packages. Lower interest rates incentivize people to get loans since their costs are lowered.
This was evident during the pandemic when many businesses made large purchases to capitalize on the near-zero interest rates being offered. Cryptocurrencies also received a huge boost during this period, as investors took loans and invested in cryptos, many of which ended up posting all-time highs in 2021.
Quant (QNT) Poised for Sell-Off
Quant prices saw considerable growth during the last months of 2023, but prices have now dropped down to $100 after setting highs at $150. Some would say now might be a good time to buy in, but there’s a good chance more investors will sell their holdings before prices finally stabilize.
Summary
QUBE and BTC are good crypto investments to make right now, given how much growth both projects are expected to enjoy. BTC’s prices could grow as much as 400%, while QUBE could give investors as much as 10,000% returns.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
