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20 days until halving
$BTC Bitcoin recently surged past $30,000, and many industry experts speculate that it could soon reach $40,000 because of the shift in market sentiment. We’ll take a closer look at this development, and at the same time explore two projects that show a lot of promise – InQubeta ($QUBE) and Fetch.AI ($FET).
InQubeta ($QUBE) is reshaping AI start-up investments through its NFT marketplace, streamlining the process with its native token, enhancing security and efficiency through blockchain and smart contracts, and fostering community support for AI start-ups. Meanwhile, Fetch.ai ($FET), another contender for the best crypto to invest in, utilizes AI and digital twins to automate everyday tasks. $FET is its native cryptocurrency, enabling users to access services and participate in governance.
Bitcoin ($BTC ) Breaches $30,000: 70% of Investors in Profit
In the Bitcoin ($BTC ) price update dated October 20, 2023, this top ten cryptocurrency made a remarkable recovery. It surpassed the $30,000 threshold after a week of losses caused by misleading news about the approval of Bitcoin exchange-traded funds (ETFs). It’s widely believed that a sustained rally is imminent.
Bitcoin’s rise in value resulted in about 70% of Bitcoin investors being in a profitable position, marking the highest proportion since August. To be more specific, according to data from IntoTheBlock, 70.41% of the 41.38 million addresses with $BTC holdings are now experiencing a positive return on their investment. 2.7% of the addresses are breaking even, while 26.87% are in the red. This overwhelmingly positive sentiment could pave the way for further upward momentum that could drive $BTC to the $40,000 mark.
InQubeta ($QUBE) and Fetch.AI ($FET): Innovations in Blockchain and AI
InQubeta ($QUBE) is at the forefront of AI start-up investments through its NFT marketplace, which has gained recognition as a popular NFT platform. The project’s innovative approach involves NFTs that are equivalent to rewards and equity in emerging AI companies.
InQubeta ($QUBE) is reshaping AI start-up investments through its NFT marketplace, streamlining the process with its native token, enhancing security and efficiency through blockchain and smart contracts, and fostering community support for AI start-ups. Meanwhile, Fetch.ai ($FET), another contender for the best crypto to invest in, utilizes AI and digital twins to automate everyday tasks. $FET is its native cryptocurrency, enabling users to access services and participate in governance.
Bitcoin ($BTC ) Breaches $30,000: 70% of Investors in Profit
In the Bitcoin ($BTC ) price update dated October 20, 2023, this top ten cryptocurrency made a remarkable recovery. It surpassed the $30,000 threshold after a week of losses caused by misleading news about the approval of Bitcoin exchange-traded funds (ETFs). It’s widely believed that a sustained rally is imminent.
Bitcoin’s rise in value resulted in about 70% of Bitcoin investors being in a profitable position, marking the highest proportion since August. To be more specific, according to data from IntoTheBlock, 70.41% of the 41.38 million addresses with $BTC holdings are now experiencing a positive return on their investment. 2.7% of the addresses are breaking even, while 26.87% are in the red. This overwhelmingly positive sentiment could pave the way for further upward momentum that could drive $BTC to the $40,000 mark.
InQubeta ($QUBE) and Fetch.AI ($FET): Innovations in Blockchain and AI
InQubeta ($QUBE) is at the forefront of AI start-up investments through its NFT marketplace, which has gained recognition as a popular NFT platform. The project’s innovative approach involves NFTs that are equivalent to rewards and equity in emerging AI companies.
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$BTC $SOL $ETH
The majority of crypto markets have experienced appreciation in the last 24 hours with bitcoin increasingly dominating the crypto market and a potential spot bitcoin ETF of up to US$1 trillion.
Referring to CoinMarketCap on Thursday (26/10/2023) at 06.58 WIB, the majority of the crypto market experienced appreciation. Bitcoin rose 1.80% to US$34,494.22 and weekly flew 21.76%.
Ethereum edged up 0.19% in the last 24 hours and in the last seven days jumped 14.27%.
Solana jumped 7.72% on a daily basis followed by a weekly climb of 38.57%.
However, this is different with BNB which was in the negative zone of 1.46% in the last 24 hours even though it was still up 5.48% on a weekly basis.
The majority of crypto markets have experienced appreciation in the last 24 hours with bitcoin increasingly dominating the crypto market and a potential spot bitcoin ETF of up to US$1 trillion.
Referring to CoinMarketCap on Thursday (26/10/2023) at 06.58 WIB, the majority of the crypto market experienced appreciation. Bitcoin rose 1.80% to US$34,494.22 and weekly flew 21.76%.
Ethereum edged up 0.19% in the last 24 hours and in the last seven days jumped 14.27%.
Solana jumped 7.72% on a daily basis followed by a weekly climb of 38.57%.
However, this is different with BNB which was in the negative zone of 1.46% in the last 24 hours even though it was still up 5.48% on a weekly basis.
Fantom Opera was launched in 2019 as Fantom’s first layer. It is an EVM-compatible smart contract platform and a Proof-of-Stake (PoS) network that uses Lachesis for validators to validate transactions and create new blocks. The upgrade is expected to come with three important features: the Fantom Virtual Machine (FVM), a Carmen database storage space, and an optimized consensus mechanism called Optimized Lachesis.
FVM is a virtual machine designed to be faster and more efficient than the current EVM running on Opera. This development will allow Fantom to process transactions faster and reduce costs for users. Sonic will also introduce a new data storage engine called Carmen database storage. It is expected to reduce node storage requirements in Fantom and improve the overall performance of the network.
Regarding the consensus mechanism in the upgraded network, Sonic will introduce the Optimized Lachesis consensus mechanism. As mentioned, Fantom Opera adopts the Lachesis consensus, which allows validators to process transactions independently and asynchronously on the network. Validators may no longer need to wait for others to finish processing a block before moving on to the next one.
$FTM
FVM is a virtual machine designed to be faster and more efficient than the current EVM running on Opera. This development will allow Fantom to process transactions faster and reduce costs for users. Sonic will also introduce a new data storage engine called Carmen database storage. It is expected to reduce node storage requirements in Fantom and improve the overall performance of the network.
Regarding the consensus mechanism in the upgraded network, Sonic will introduce the Optimized Lachesis consensus mechanism. As mentioned, Fantom Opera adopts the Lachesis consensus, which allows validators to process transactions independently and asynchronously on the network. Validators may no longer need to wait for others to finish processing a block before moving on to the next one.
$FTM
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