Following the SEC decision on Bitcoin ETFs, many thought Ethereum ETFs would be a shoo-in. Most of us are guilty of jumping the gun here. In a dramatic turn of events, the SEC decided to delay its verdict on Fidelity’s proposed spot Ethereum ETF. It was initially earmarked for January 20 but has now been pushed to March 5, 2024, sending ripples through the market.
Meanwhile, analysts have forecast that Cardano (ADA) and InQubeta (QUBE) are poised for outstanding performances this year. This makes them not only altcoins to watch but also the best cryptos to buy now.
InQubeta (QUBE): 100x Growth Potential
Tokens with the biggest upside potential—as much as 100x—will likely be launched this year. Hence, investors seeking bullish plays have been doubling down on promising ICOs, with InQubeta (QUBE) emerging as one of the favorites. This top ICO has raised a whopping $8.4 million in early funding and has been tipped for explosive growth by analysts.
The presale is in stage seven, and a token is priced at just $0.0224. According to experts, its launch will be followed by explosive growth, hence tipping it for a 100x rally after launch. Given this strong bullish wave, it makes a compelling case as the best new crypto to invest in.
Although its astounding upside potential makes up one of its key appeals, its unique concept stands out. Positioned at the intersection of AI and blockchain, it aims to address critical challenges within the burgeoning AI sector. Its vision includes building the world’s first crowdfunding platform, which will allow tech startups to raise funds through cryptocurrency. Through this approach, it will effectively make fundraising seamless in the AI industry, therefore bolstering the market’s growth with the crypto economy.
Fidelity Spot Ethereum ETF: SEC Delays Verdict
The drama continues, this time with the Ethereum (ETH) ETF. Investor sentiment post BTC ETF was high, with many expecting the SEC to approve the spot Ethereum ETF. However, in a dramatic turn of events, the agency has delayed its decision on Fidelity’s application, originally slated for January 20, to March 5. Without a doubt, this has sent ripples through the crypto market, with speculation increasing.
This development will see Fidelity’s bold strides towards integrating ETH into the mainstream hit a slight bump. Nevertheless, optimism remains high despite the SEC requiring more time for further review to make its decision. As the March 5 deadline approaches, Ethereum continues its upward march, and the SEC’s eventual ruling will either reinforce its acceptance of cryptocurrencies or not. Till then, we wait.
Cardano (ADA): An Altcoin to Watch in 2024
Cardano (ADA) is one of the top altcoins on the market for several reasons. In terms of crypto market cap, it ranks among the top 10. Not only that, but Cardano plays a critical role as a blockchain platform. Hence, it is easy to see why it is a top pick among analysts for explosive growth in 2024.
With the year shaping up to be bullish, ADA is a promising play not to miss out on. Its functionality as a smart contract and blockchain platform positions it for staggering growth, considering the surge in demand. Additionally, as one of the most undervalued layer-1 cryptos, ADA has so much to offer in terms of growth.
The above explains why Cardano is tipped for a strong bull run and is one of the best cryptos to invest in. Given its massive upside potential, we suggest grabbing a bag now to avoid experiencing the fear of missing out (FOMO) later on.
Conclusion
The SEC delay of Fidelity’s spot Ethereum ETF has been creating quite a buzz in the crypto scene. Nevertheless, the crypto community remains optimistic. At the same time, InQubeta and Cardano have emerged as analysts’ top picks, tipped for remarkable performances this year.
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