The crypto landscape is awash with optimism as the US SEC’s first window to approve the Bitcoin ETF begins today, from November 9 to November 17. According to Bloomberg ETF analysts James Seyffart and Eric Balchunas, all 12 Bitcoin ETF filings could be approved by the SEC within this period. However, this raises the question: Why would a US Bitcoin ETF approval be so important, considering it has been live in Canada and Europe for a while?
For one, ETFs in the US will provide regulatory clarity and legitimacy for not only Bitcoin but the entire crypto industry. It will pave the way for mainstream adoption, with billions of dollars likely flowing into the market. Ultimately, it could be the turning point for the crypto industry. In other developments, Terra Luna’s (LUNA) price prediction for the end of the year is $0.7, making it one of the altcoins to watch. Meanwhile, InQubeta (QUBE), an AI altcoin on the initial coin offering list, has raised a staggering $4.7 million in its ongoing presale.
This article will explore these developments. So, let’s dive in.
InQubeta (QUBE): The Best ICO
InQubeta (QUBE) has been hailed as the best ICO of 2023 following an impressive fundraising event. It recently reached the $4.6 million mark, which is a testament to its popularity and growing investor confidence in its offering and potential. So, what is InQubeta, and what is all the fuss about?
To begin, this project combines AI and blockchain, the world’s most transformative innovations. Its mission involves reshaping the fundraising landscape of the AI industry by allowing AI startups to raise funds through cryptocurrency, using its native QUBE token. This move will make it the first crowdfunding platform to do so. In our opinion, this, including the problem it aims to solve, has been the reason for the unprecedented participation in its presale. Also, the project hopes to make the AI market accessible to everybody.
The presale is currently in stage 5 and costs only $0.0161 per token. According to experts, the price will increase by 20x in 2023, positioning it as the best new crypto to invest in.
Terra Luna (LUNA): Promising Price Outlook
Terra Luna (LUNA) is a public blockchain protocol that is rapidly regaining investor confidence following the collapse of TerraClassicUSD (UST) stablecoin last year. While it has significantly declined from its all-time high by over 90%, it has been showing potential. This makes Terra Luna a good crypto to buy.
The price outlook for Terra Luna in 2023 as the year nears its end is $0.7. The factors, in our opinion, that will contribute to this projected growth are its growing ecosystem and rising investor confidence. So, if you haven’t already considered holding Terra Luna, now might just be a great time, as it appears poised to skyrocket.
Bitcoin (BTC): Spot ETF Being Assessed
The excitement surrounding the approval of the first Bitcoin ETF application peaked again on Wednesday. The SEC’s first window to approve all 12 spot Bitcoin ETF filings is set for November 9 and November 17. Bloomberg ETF analysts James Seyffart and Eric Balchunas believe that all ETF applications could be approved within this window. While they stressed that this was only a possibility, they nonetheless believe there is a 90% chance of an ETF approval by January 10.
Bitcoin, the first and best cryptocurrency, has reacted to this development, trading comfortably above the $35,000 support. However, many remain unconvinced that a spot Bitcoin ETF will be the catalyst for the bull market, arguing that the rally won’t have staying power. We are all spectators at this point anyway.
Terra Luna’s price prediction is set at $0.7 before the end of the year, while a Bitcoin ETF could be approved in the coming weeks or early next year. In addition to this, InQubeta has raised $4.5 million and counting in its ongoing presale, making it a project to look out for.