Pro-XRP lawyer offers perspective on Bitcoin ETF saga; Kaspa and InQubeta may extend gains
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Crypto enthusiasts are buzzing about the potential approval of a spot Bitcoin exchange-traded fund (ETF) in 2024, anticipating positive impacts on altcoins. Meanwhile, investors are watching Kaspa (KAS) and InQubeta (QUBE). InQubeta introduces a new crowdfunding for crypto AI startups.
InQubeta is merging AI and crypto
InQubeta offers investment opportunities in AI tech startups through fractionalized NFTs sold in a peer-to-peer marketplace.
Its investment model allows investors to diversify their portfolios by purchasing small units in different companies.
The InQubeta presale is in stage 6, where QUBE is available for $0.01925.
The presale has already raised nearly $8 million, with over 700 million QUBE sold.
Analysts are bullish on QUBE due to its investment model and deflationary nature.
A 2% buy-and-sell tax for every transaction is sent to a burning wallet, making QUBE scarce.
A 5% sell tax also contributes to a staking protocol that rewards investors who stake.
QUBE holders can propose and vote on platform-related decisions.
Bitcoin ETF on focus
Speculation is rising as the crypto market eagerly awaits the Jan. 10 SEC deadline for the potential approval of a Bitcoin ETF.
Analysts are bullish, expecting a favorable ruling as discussions shift to technical details, and the possibility of multiple spot Bitcoin ETF approvals before the deadline is on the horizon.
XRP enthusiast and legal practitioner Fred Rispoli shared insights, suggesting the SEC’s strategic delay in approving the Bitcoin ETF to navigate legal considerations and appease involved firms.
This cautious approach may lead to a legal showdown due to the pressure for timely approval.
Kaspa: adoption on the horizon?
Kaspa, a proof-of-work (PoW) blockchain, is gaining mainstream adoption.
The token is up 2,000% year-to-date.
Kaspa’s unique technology, featuring the GHOSTDAG protocol, minimal transaction fees, and a high TPS rate, may drive adoption.
Being dubbed the future of layer-1 blockchains, Kaspa may continue to surge in the weeks ahead.
Conclusion
The crypto market is upbeat as the potential approval of a spot Bitcoin ETF nears.
Investors and traders are turning to experts like Rispoli for insights before the Jan. 10 deadline.
Meanwhile, Kaspa focuses on fast and secure transactions. On the other hand, InQubeta, known for its NFTs, is being considered by investors.
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