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Ethereum ETF Approval Rumors: Bloomberg Expert Weighs In; New AI Altcoin Set for Explosive Growth

Ethereum ETF Approval Rumors: Bloomberg Expert Weighs In; New AI Altcoin Set for Explosive Growth
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Bitcoin (BTC) prices have surged substantially now that spot exchange-traded funds that met the ETF acceptance criteria have been greenlighted by the US Securities and Exchange Commission (SEC). The launch of Bitcoin spot exchange-traded funds by eleven asset managers has led to rumors about a spot Ethereum (ETH) ETF being approved by May 23, 2024. This date marks the deadline for the first round of Ethereum ETF applications, and Bloomberg ETF expert James Seyffart believes some applications will be approved. 

The launch of an Ethereum ETF will lead to trillions of investment capital flowing in, pushing prices up exponentially. Some analysts expect an Ethereum ETF being approved will push prices up as high as $6,500.

InQubeta (QUBE) has also been generating lots of discussions lately as its presale prepares to enter its eighth stage. Over $10 million has been raised so far and early investors have grown their capital by 220%. The emerging crypto takes on major investing channels by providing an alternative way for investors to acquire equity in AI startups. 

Best crypto to buy now: InQubeta (QUBE) poised for up to 100x growth in 2024

InQubeta delivers a solution that many people looking to invest in AI need. Many investors find themselves unable to meet the requirements some mainstream investment channels have, preventing them from investing in companies that could earn them considerable profits. 

The InQubeta investment ecosystem was developed on the Ethereum network, so it inherits its functionality, transparency, and security. 

AI startups connect with investors and other funding sources on the InQubeta network by selling non-fungible tokens (NFTs) that represent reward or equity-based investment opportunities. An NFT is a digitized copy of a real-world asset. On the InQubeta network, these tokens perform similar functions as stocks do in traditional investment spaces. 

Anyone can own a piece of an emerging AI startup by buying NFTs made by these companies on the InQubeta network. These tokens gain more value as their makers increase their market caps and they can be resold on the marketplace at any time, giving investors lots of liquidity. 

Investors don’t have to back any AI firms to earn substantial profits on the InQubeta network. They can also invest in the ecosystem by holding QUBE or staking to run the blockchain. Stakers earn more QUBE as rewards and QUBE prices are expected to grow as much as 100x once launched. 

QUBE’s circulating supply is capped at 1.5 billion so its market capitalization only needs to exceed $1.5 billion for tokens to be worth about $1. Low-utility dog coins like Shiba Inu (SHIB) have raised over $4.5 billion since being launched, so it’s only a matter of time before InQubeta matches that number. QUBE sells for $0.0224 in the presale’s seventh stage but could be selling for as much as $5 in the next couple of years.

How high will Ethereum (ETH) prices go if ETFs are approved?

Ethereum investors had a good year in 2023, with prices appreciating 100%. However, it lagged behind BTC which grew about 150%. Rumors about Bitcoin ETFs being approved helped to propel BTC prices upward toward the end of 2023.

ETH will likely enjoy lots of upward pressure now that James Seyffart has revealed the first Ethereum ETFs could be approved on May 23. This is the final deadline for the first batch of applications and Bitcoin ETFs were approved on the deadline for applications in January. 

The developers of the Ethereum network plan to launch its Dencun upgrade by the end of the first quarter and that should improve the blockchain’s performance by allowing for off-chain data storage. 

Summary

QUBE and ETH are two of the best altcoins to invest in today given their positive growth outlooks. ETH prices are poised for substantial growth as spot ETFs appear to be an inevitability, while QUBE prices are expected to grow as much as 10,000% in 2024.

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