Based on Bitcoin’s (BTC) 1-year to 5-year Supply Last Active (SLA), investors can indicate different market cycles. Over the years, this metric has become well-established, and experts expect it to influence trends for the upcoming Bitcoin halving event. But recently, as investors offloaded assets from Greyscale’s GTBC, the SLA declined. The sell-off has triggered panic from holders, who wonder what this could mean for the market.
At the same time, InQubeta (QUBE) has been pulling massive numbers since the beginning of its presale. Thanks to its innovative investment offerings and impressive performance during the presale, InQubeta has drawn millions of dollars in liquidity. As the project’s launch approaches, investment interest has skyrocketed, giving InQubeta the potential to outperform Polkadot (DOT).
Let’s explore the effect of GTBC’s sell-off and the rising interest in InQubeta.
InQubeta’s (QUBE) Draw Of Milestone Investment Suggests Explosive Potential
InQubeta emerged as a highly anticipated cryptocurrency project with its presale in 2023. The platform quickly rose to fame, outpacing most of its competition. InQubeta has made waves by raising over $13.3 million during the event, with an impressive sale of over 963 million tokens. Judging by this liquidity inflow, it is obvious that thousands of top investors are supporting the project.
Investors have recognized InQubeta as the best crypto to invest in thanks to its offerings of NFTs minted with investment opportunities in the AI sector. InQubeta will list these NFTs on its platform for QUBE holders to get. Using DeFi technology, InQubeta has fractionalized these collectibles, allowing retail investors to earn from AI investment.
Over the past months, crypto giants, especially ones from Polkadot, have been attracted to InQubeta ahead of its launch. This is due to the belief that InQubeta has the potential to 10x before the end of the year. For the final stage of the crypto ICO, the price of QUBE is $0.028 and is expected to hit $0.0308 immediately after it is listed on exchanges. The bull run is expected to introduce explosive moves, and QUBE will deliver a 100x surge to a new ATH.
Early investors have not only secured crypto ICO tokens, but they’ve also earned over 300% returns since the event began. By investing in InQubeta, they’re positioning themselves for explosive gains and passive income. QUBE holders can stake them on the platform and earn rewards, increasing its appeal as the best crypto to invest in. The platform also has a governance feature, promising a robust DeFi experience.
Greyscale’s GBTC Sell-off Skews With Bitcoin (BTC) Holders Metric
On-chain data shows many Supply Last Active displays as a percentage of circulating Bitcoin supply. As investors hold tokens for a long time, the SLA is expected to rise, as we’ve seen over the years. At the same time, it is also likely to decline as these coins are sold. Long-term holders of BTC are accounts that have held tokens for around 155 days. Normally, these accounts tend to sell during bearish periods, but despite the push of Bitcoin to ATH, the SLA has declined.
One reason is that Greyscale Bitcoin Trust recently sold off around 300,000 BTC. Investors who bought GBTC while still at a discount are now considered long-term holders. Unfortunately, this outflow has messed with the data from the SLA. While BTC ETFs pulled in over $106 million last week, GBTC suffered a third massive outflow, bringing everything to over $79.3 million.
Conclusion
As the sell-off of Greyscale’s GBTC triggers a sharp decline in the metrics from the SLA, and investors who use it to understand current market trends cannot properly determine the state of the market. This has triggered wariness in investors, and they have been gravitating towards InQubeta as the search for promising investments continues. InQubeta’s early-stage performance and its offerings of equity-based NFTs have put it on the radar of top investors in the industry, making it a fast-rising cryptocurrency with high potential.
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