The connection between crypto prices and Bitcoin ETFs has soured lately, evidenced by falling tokens like Avalanche (AVAX).
Avalanche, which initially rose after the SEC approved Bitcoin ETFs on January 10, has entered bearish territory. Its monthly price dropped 14%, leaving investors wondering when its anticipated rebound will occur.
Meanwhile, a new AI crypto challenger called InQubeta (QUBE) has emerged to compete with Render (RNDR). This fresh ICO enjoying significant buzz aims to reshape AI startup fundraising.
InQubeta, currently in its presale, has raised an impressive $8.5 million already. Experts predict a 6,500% post-launch price surge, cementing its status as a top new crypto to buy before it takes off.
Unlike anything else in crypto, InQubeta will become the first crowdfunding platform for AI startups through crypto. Its one-of-a-kind NFT marketplace also makes it stand out.
As for Avalanche, it remains a top blockchain for decentralized apps (dApps) and custom networks. The Ethereum competitor hopes to eventually dominate smart contracts.
Investors expect an Avalanche rebound soon when the anticipated crypto bull market returns. Avalanche is an altcoin to watch as the market approaches a prolonged rally period.
Render provides GPU rendering and machine learning training via blockchain. It aims to advance rendering and AI tech. With real utility and an undervalued price, Render is tipped to surge in 2024.
Though Avalanche has dropped and Render faces new competition, both remain strong bullish crypto plays for investors. The emerging InQubeta also presents an exciting investment opportunity.
