Bitcoin targets $40k, GMX and InQubeta bullish
Digital asset prices are, as expected, dynamic. Bitcoin (BTC) is edging higher as bulls target $40K. As the most valuable coin, how Bitcoin performs can directly impact market sentiment.
Besides BTC, analysts expect GMX (GMX) and InQubeta (QUBE) to sustain their upward momentum.
The InQubeta presale is garnering more attention, riding on the artificial intelligence (AI) wave. The project also offers various investment models and an NFT marketplace.
This article explores why InQubeta and GMX could float to new highs, rising in sync with Bitcoin.
InQubeta raises over $5.4 million in presale
InQubeta connects AI startups with potential investors via an NFT marketplace.
The platform’s approach utilizes equity-based NFTs, enabling investors to support projects they believe in and possibly reap the benefits of early backing. This model fosters accessibility and fairness within the InQubeta ecosystem.
The ongoing InQubeta has seen over $5.4 million raised across five phases in the Beta stage. In the current stage, QUBE, the project’s native token, is available for $0.0161 but is set to rise to $0.01925 in the next phase.
To date, InQubeta has sold over 536 million QUBE, with only 14% allocated for its fifth stage remaining.
InQubeta plans to implement a 12-week vesting period for gradual token release, which can instill investor trust and even support prices.
Bitcoin briefly retests $38,000
Bitcoin briefly hit the crucial $38,000 level on Nov. 26 for the first time since May 2022.
The coin has since retreated slightly but remains 1.5% up on the last day, with some observers predicting it will climb higher in the short term.
Taking to X, trader and analyst, Michael Van Pope, posted that $40,000 is the next target and resistance.
This reaction level is closely being monitored. Any rally above this level could trigger demand, fueling more gains.
GMX supports low swap fees
GMX, a decentralized exchange (DEX), offers low swap fees and zero-price impact trades.
While centralized exchanges have traditionally dominated crypto trading, DEXes are slowly gaining traction and attracting investors.
At spot rates, GMX–a top 100 coin by market cap, is up 25% in the last month, recovering after posting sharp losses this year.
Conclusion
Looking at market sentiment, Bitcoin may edge higher in the coming sessions, highlighting its resilience and market dominance.
Beyond this, GMX and InQubeta look solid. InQubeta presents a unique outlook on blockchain and investment driven by AI.
It could explain why investors are exploring QUBE in the presale that’s in progress.
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