Check Today's Crypto Market:
| BTC/IDR | SOL/IDR |
| ETH/IDR | USDT/IDR |
| DOGE/IDR | ARB/IDR |
Bittime - The price of Bitcoin (BTC)is on a rapid upward trend, driven by the success of Bitcoin ETFs in the United States. In fact, BTC is expected to cross the $60,000 mark in the near future. Companies that launched these crypto futures (spot) funds previously had to face a long regulatory battle before finally getting the green light from the United States Securities and Exchange Commission (US Securities and Exchange Commission).
This surge in investor interest in Bitcoin ETFs has triggered record-breaking fund flows. However, some analysts believe that enthusiasm for investing in Bitcoin ETFs will eventually fade, and Bitcoin prices could potentially fall back below $60,000.
In the midst of market turmoil, a crypto project focused on artificial intelligence (AI) successfully hit the market thanks to extraordinary presale achievements. InQubeta (QUBE) is a crowdfunding platform dedicated to AI projects initiated by startup companies.
InQubeta became one of the top cryptos for investment and managed to raise more than $10.4 million in presales. Market experts predict that InQubeta will set record profits in the coming months and outperform other altcoins such as Decentraland (MANA) and Quant (QNT).
BTC Technical Analysis Today
Source: Bittime
On March 1, 2024, based on today's Bittime market, the price of BTC was observed to have decreased by 1.05% in 24 hour trading, with the highest ATH reaching IDR 1,000,871,402 . Currently the price of BTC to IDR is IDR 961,106,167.
Although analysts predict a potential correction in BTC prices after reaching $60,000, currently the upward trend is still dominant. The Relative Strength Index (RSI) indicator is at level 68, which indicates that BTC is in the 'overbought' region.
However, current price movements are still supported by high trading volume. If BTC manages to break the resistance at $60,000, the next resistance level is at $64,000. Conversely, if the support at $55,000 is broken, BTC could potentially fall to the $50,000 level.
Also Read How to Buy Crypto:
InQubeta: Building DeFi Solutions for AI Startups
InQubeta helps startups scale their AI projects through the DeFi solutions it offers. The resources provided by InQubeta are designed to help businesses at every stage of development, from fundraising, mentoring, to marketing.
InQubeta's native token, QUBE, functions as the official medium of exchange in its ecosystem. QUBE has a deflation mechanism which is its own advantage. This mechanism is activated when the market is weakening or inflation is at a high level.
To prevent economic factors from negatively impacting asset values, this model will reduce the supply of tokens, so that there are fewer of them than there is demand. This scarcity will ultimately increase the value of the token.
Each subsequent increase in supply is suppressed by burning additional tokens (burning).
While InQubeta's initial coin offering ( ICO ) continues to accelerate, the team behind this project is busy with future plans. Based on their roadmap, upcoming initiatives will make InQubeta and its services accessible to a wider audience. One of the main initiatives being planned is dApp staking. The InQubeta team is also reviewing various ways to list QUBE tokens on exchanges to facilitate trading.
M Social Decentraland Presents Phuket Tour
Decentraland is among the new altcoins opening up interesting opportunities by combining DeFi and technologies such as virtual reality . Decentraland is a GameFi platform where crypto users can buy digital assets or NFTs and then monetize them. The platform's native token, MANA, is used to purchase these assets.
Crypto users are given the opportunity to purchase digital 'LAND' and then build experiences on top of it. They can also create and sell avatar equipment (wearables) and emotes on the platform's virtual marketplace.
In the latest development, virtual hotel M Social Decentraland announced a digital tour to Phuket, Thailand. During this virtual adventure, players can enjoy the island's culture and scenery while participating in games to win prizes. In 2023, the platform also announced the "Merlion on Vacation" campaign.
Quant's Overledger integration with Make
Quant is a DeFi-focused platform and offers blockchain solutions for financial institutions and enterprises. Quant solutions can help financial institutions integrate tokenized assets, and companies build blockchain-based models. Quant's native token, QNT, is used for various transaction purposes on the platform.
The platform also has a suite of tools that developers can use to create sophisticated dApps without requiring in-depth knowledge of blockchain.
One of Quant's flagship products is Overledger, which enables financial institutions and enterprises to automate their workflows. Overledger can be integrated with digital assets for payment-related services.
To further simplify DeFi solutions for enterprises, Quant has integrated with Make. Through this integration, Make users can leverage Overledger and automate payment processes based on their business needs. They can also monitor accounts and bridge assets, without the need for coding.
Conclusion
InQubeta, Decentraland, and Quant are among the best altcoins in 2023 and they continue to lead the positive trend this year. These three projects consistently perform well and offer large profit potential for their token holders.
InQubeta empowers AI startups with its DeFi solution, while Decentraland caters to GameFi enthusiasts. Quant, on the other hand, focuses on businesses and developers by providing innovative blockchain solutions. Their diversity of use cases not only democratizes access to crypto assets, but also enriches and expands their use.
From portfolio diversification to long-term profit potential, to even the opportunity to support cross-generational wealth, these three crypto projects are ideal to consider. However, it is important to remember that crypto users should always do research and compare the utility of projects before investing large amounts of funds.
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How to Buy Bitcoin (BTC) on Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime .
Monitor price chart movements for Bitcoin (BTC ) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
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Dencun: An Ethereum Lifeboat to Compete in the Sea of Blockchain
Bitcoin (BTC) Today: Price Skyrockets, Bitcoin Mining Stocks Drop?
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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