All eyes in the crypto world are now set on the Bitcoin halving event, set to occur in just a few days. Amidst this excitement, Bitcoin Cash (BCH) has emerged as one of the top gainers, experiencing a remarkable 40% price surge at the start of the week.
As Bitcoin’s price surpassed $73,000 in March and repeatedly broke through all-time highs, a subsequent correction and consolidation period ensued, with the price stabilizing around the $70,000 mark.
Concurrently, a new AI-focused crypto project, InQubeta, is making waves, nearing an impressive $13 million raised during its presale ahead of its official launch on exchanges. This milestone underscores the growing interest and potential of AI-driven projects within the crypto sphere.
BCH price analysis and prediction ahead of BTC halving
Bitcoin Cash (BCH) does not directly mirror the price movements of Bitcoin (BTC), but there exists a correlation between the two cryptocurrencies. While they are not inextricably tied together, when Bitcoin’s price increases, Bitcoin Cash generally follows suit.
After Bitcoin’s impressive pump over $73,000 in March and its repeated breaches of all-time highs, a price correction and subsequent consolidation period ensued, with the price stabilizing around the $70,000 area.
In the meantime, BCH experienced a remarkable 70% surge, currently trading around $680 at the time of writing. Notably, in late February, BCH’s price skyrocketed from below $300 to over $500, but since early March, it has been trading within a descending channel, as indicated by the blue lines on the BCH/USDT chart.
On March 20th, BCH’s price decisively broke out of this channel, triggering a renewed upward momentum that propelled it to its current levels. A closer examination of the technical indicators reveals compelling insights.
The MACD (Moving Average Convergence Divergence) line is currently above the MACD signal line, signaling a potential bullish trend. Furthermore, the Relative Strength Index (RSI) across all time frames is hovering between 65 and 70, indicating a relatively overbought condition but suggesting that the upward momentum could continue.
The 200-day moving average, currently at $276, should act as a substantial support level, while the EMA20 (20-day Exponential Moving Average) stands at $659, potentially offering resistance to further upward price movements.
Given the current technical landscape and the impending Bitcoin halving event, there is a possibility that BCH’s price could continue its upward trajectory, potentially testing new resistance levels in the near future. Physiologically, $1000 is the next big level to watch.
InQubeta (QUBE) nears launch
InQubeta is witnessing success in its ongoing crypto presale, having raised nearly $13 million and sold an impressive 950 billion QUBE tokens to date. The project is currently in the final phase of its presale, with the listing price set at $0.0308 USDT per QUBE token, while the current presale price is $0.028 USDT per QUBE. Over 91% of this phase is sold out at press time, meaning QUBE will soon officially launch on exchanges.
InQubeta offers potential investment opportunities through its QUBE token, focused on AI startups. $QUBE tokens, which are deflationary ERC20 tokens created by InQubeta, can be used to invest in AI startups fractionally.
The project aims to change the way AI startups raise funds and engage with their community by minting each investment opportunity into an NFT and fractionalizing it, allowing investors to participate according to their budget.
InQubeta’s NFT marketplace facilitates fundraising for AI startups by offering reward and equity-based NFTs, while $QUBE token holders can easily invest in projects they believe in, creating a mutually beneficial ecosystem.
The QUBE token, at the core of InQubeta’s ecosystem, serves as an ERC-20 utility and governance token. It grants holders access to invest in AI startup projects listed on the platform’s NFT marketplace.
With deflationary properties, QUBE tokens offer long-term potential benefits to investors through a 2% buy-and-sell tax allocated to a burn wallet and a 5% sell tax directed to a reward pool. Moreover, QUBE token holders actively participate in governance by contributing to key proposals, shaping the future of InQubeta.
InQubeta ensures the quality and value of its offerings by rigorously vetting startups seeking listing on their NFT marketplace. The platform also provides investors with valuable resources, including insights from experienced stakeholders and AI technology experts, enabling informed decision-making through comprehensive research and analysis.
Security is a priority for InQubeta, with the QUBE token undergoing extensive security audits and KYC verification to protect investors’ funds from potential breaches.
The presale phase of the QUBE token offers investors the opportunity to purchase tokens at an investor-friendly price directly from the official InQubeta website. Supported payment options include ETH, USDT, BNB, BUSD, and BTC.
After the presale, QUBE token holders can stake their assets in the reward pool by utilizing InQubeta’s staking app.
Conclusion
All in all, the Bitcoin Cash (BCH) price surge and the presales milestones achieved by InQubeta highlight the dynamic nature of this bull run ahead of BTC halving and the growing interest in AI-driven projects.
While BCH’s price movements may continue to be influenced by the impending Bitcoin halving event and technical indicators, InQubeta’s QUBE token presale might potentially present an opportunity for investors to participate in the AI startup ecosystem.
Join InQubeta Presale
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