Bitcoin’s hash rate hits ATH, Solana Saw a price pullback; Analysts crown InQubeta as 2023’s top ICO

In anticipation of next year’s halving, Bitcoin’s (BTC) hash rate hit another all-time high. Miner revenue also surged, reaching a level last seen in April 2022. In other news, Solana (SOL) saw a price pullback from the $60 level, although it has been gathering momentum. Meanwhile, InQubeta (QUBE), a new AI altcoin, has been crowned 2023’s top ICO (initial coin offering) by analysts.

This post will cover notable developments in the crypto landscape. Let’s begin.

InQubeta (QUBE): 2023 top ICO

InQubeta (QUBE) has been named the best ICO of 2023 by analysts, beating out a crowded field of new offerings. It achieved this status by raising millions of dollars in its ongoing presale, which currently stands at $5.4 million. It is gaining even more traction, with more funds to be raised before the presale ends. In addition, it stands out for the contribution it will be making and the problem it intends to solve.

It will be more than just a cryptocurrency—far from it. It will be solving the most critical problem in the fastest-growing and most disruptive sector, AI. It intends to become the world’s first crowdfunding platform for AI startups through crypto. Through this innovative platform, startups will be able to source funds by minting investment opportunities, which will be represented as equity-based NFTs. These will be offered to investors, through which capital will be raised.

Investing in this project is equivalent to investing in the future of AI. It is currently in the fifth stage of its presale, and a token costs only $0.0161. According to analysts, there will be a 4,000% rise in value after its launch.

Bitcoin (BTC): Surge in hash rate and Miners rewards

According to on-chain data, Bitcoin’s (BTC) rate reached an all-time high—again. It broke the previous record registered earlier this month, serving as a buildup to its halving event next year. Remarkably, miners’ revenue also saw a jump, reaching a level last seen in April 2022. 

At the moment, miners are rewarded with 6.25 Bitcoin for each block created, along with transaction fees. However, rewards will be slashed at the next halving event, which will reduce the rate at which new BTC flows into the circulating supply. It will also result in a rise in price, which investors are eagerly anticipating.

Bitcoin is currently trading above $37,000 and remains the best cryptocurrency to invest in. It has repeatedly proven its worth as a valuable asset and a hedge against inflation. This positions it as the best crypto to invest in for the long term.

Solana (SOL): Price pullback

One cannot mention the top altcoins on the market without listing Solana (SOL). It is a solid alternative investment to BTC and a top ten cryptocurrency. It plays a crucial role in the crypto scene, providing necessary DeFi solutions. It has become a popular go-to for developers seeking to build innovative decentralized applications (dApps). Solana’s contribution to the crypto community makes it a compelling investment.

Following a significant price surge, it seems that market participants are resisting the $60 level. Solana saw a pullback and is currently trading below $60. However, it has been gaining traction and will likely break this resistance soon. But for how long remains uncertain. Nevertheless, at its current level, Solana is still undervalued and is a good crypto to invest in.

Conclusion

Bitcoin’s hash rate soaring suggests that the halving is near—a mere couple of months away. In addition, Solana saw a price rejection at the $60 level but has been gaining traction. To round it up, we discussed what made InQubeta the best ICO of 2023 and how it is the best new crypto to invest in.

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