Cryptocurrency markets have experienced an optimistic trend for the past 30 days. Bitcoin, the leading cryptocurrency, broke its previous record, exhibiting remarkable momentum. This bull run has propelled gains for popular meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), which rank among the top 100 cryptocurrencies.
Although BTC saw a sharp pullback after hitting a new ATH, this ties in with previous patterns seen in the run up to a halving event. It has already started to rise again, signaling that profit taking is slowing down and the bull run is continuing.
Meanwhile, Chainlink (LINK) and a new AI altcoin, InQubeta (QUBE), have shown massive progress in the market. As a result, they have found favor from retail investors seeking promising crypto projects to double their portfolios this year. InQubeta’s approach of facilitating fractional investment in AI startups has boosted its appeal as one of the best altcoins to invest in for high gains.
This article explores InQubeta and Chainlink gaining favor from retail investors amid the Bitcoin bull run fueling the Dogecoin, Shiba Inu, and Pepe frenzy.
InQubeta (QUBE): Enabling Fractional Investment Opportunities In AI Startups
InQubeta, the pioneering crypto crowdfunding platform, has gained significant favor among retail investors. By enabling fractional investment opportunities in AI startups through its native QUBE tokens, this new DeFi crypto platform is reshaping how AI startups raise funds and engage with their community. The QUBE token, operating within the Ethereum blockchain, is a deflationary ERC20 token, making it an intriguing investment avenue for those keen on boosting their crypto portfolios.
InQubeta has also designed QUBE as a governance token, making it desirable for individuals seeking the best DeFi crypto in the market. This feature allows token holders to actively participate in decision-making processes on the platform. As a governance token, QUBE grants holders the ability to propose ideas, engage in discussions, and cast votes on the platform’s development, features, and strategic direction.
The QUBE token’s unique deflationary nature further enhances its appeal to retail investors looking for the best DeFi crypto to broaden their portfolio. A 2% buy-and-sell tax toward a burning wallet contributes to token deflation, while a 5% tax fuels a dedicated reward pool. This new DeFi crypto mechanism allows token holders to stake their assets, presenting an attractive opportunity for those bullish on the growth potential of AI technology startups.
Bitcoin (BTC): Analysts Anticipate Optimistic Outlook
Bitcoin has experienced significant bullish momentum since the start of March. However, after hitting a new all time high, profit taking soon caused it to drop again, down to around $61,000. It has since started to recover, but uncertainty remains while it is below the critical resistance level of $66,500, dampening investor sentiment. With the eagerly awaited BTC halving event approaching in just over a month, there is speculation about whether historical patterns are reoccurring, potentially leading to a pre-halving price decline.
Popular analyst Rekt Capital cautions about the possibility of Bitcoin entering what he terms the “Danger Zone” shortly, a period historically associated with price declines before halving events. Conversely, Kris Marszalek, CEO of Crypto.com, interprets the recent price correction as a positive market adjustment, hinting at a potential gradual increase in BTC’s value over the coming months. Many analysts see this as a period of consolidation before the bull run continues to surge.
Dogecoin (DOGE): Elon Musk Speech Boosted The Token Value
The market bull run has caused Dogecoin to surge before undergoing a decrease in both price and value. Despite the recent decline, DOGE’s charts indicate a remarkable 78% rise over the past month. Based on Santiment data, the daily active addresses of the meme token witnessed a decline in the past week.
During a public address at a Tesla manufacturing plant in Berlin, Tesla CEO Elon Musk hinted that Dogecoin could become an accepted payment method for Tesla vehicles ‘in the future.’ Musk’s remark contributed to a further increase in the asset’s value.
Shiba Inu (SHIB): The Token Burning Sparks Conversation About Its Future
Shiba Inu garnered attention amid the crypto bull run for significant SHIB transfers to a dormant wallet address, sparking curiosity within the Shiba Inu community. According to Shibburn, a platform monitoring SHIB burns, approximately 37 million tokens were burned and removed from circulation.
The ongoing SHIB burns have sparked conversations about the altcoin’s capability to exceed the $0.0001 threshold. Despite Shiba Inu’s impressive 170% surge over the past 30 days, the recent market downturn has resulted in a downward price momentum.
Pepe (PEPE): Monthly Price Assessment Reveals 400% Surge
Pepe, a prominent player in the meme coin phenomenon, experienced a favorable trajectory, reducing one zero during the surge. With the meme coin frenzy shifting focus, the waning interest in PEPE has become apparent.
PEPE’s price has recently declined, reflecting a 21% decrease over the past seven days. Despite this, Pepe’s gains were notable, with a monthly assessment revealing a price surge of over 400%.
Chainlink (LINK): Partnership With Paxos Shows Promising Future
Chainlink has found favor from retail investors following Paxos’ adoption of Chainlink’s PayPal USD (PYUSD) price feed, making it one of the largest stablecoin issuers to do so. This integration enables users to access precise, trustworthy, and decentralized market data for PYUSD on the blockchain.
Through this collaboration, Chainlink guarantees users reliable access to PYUSD price data within the network. This approach also facilitates the establishment of secure markets for applications integrated with PYUSD. This move indicates a promising future for LINK.
Conclusion
Bitcoin’s bullish signals sparked a surge in interest for meme coins like Shiba Inu, Dogecoin, and Pepe. Although the surge has cooled for now, many see this as a period of consolidation in line with previous halving events. Amid the meme coin frenzy, retail investors have also shown keen interest in InQubeta and Chainlink, which are considered among the best altcoins for maximizing profits.
InQubeta’s aim to connect investors with AI startups has drawn significant attention. With InQubeta’s presale still ongoing, investors have an opportunity to be part of the AI revolution. The QUBE token can be purchased on the official website using cryptocurrencies such as ETH, BTC, or USDT.
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