Bitcoin has witnessed a massive rally in the past few months as it rides on news of a potential spot ETF. Unfortunately, its move toward $45k has been met with resistance several times. Meanwhile, investors are highly interested in ERC20 coins like Arbitrum and InQubeta.
Analysts have tipped them as the best crypto to invest in before the long-awaited crypto market rally.
Bitcoin (BTC) Move To $45K
Bitcoin’s recent performance has been quite impressive, especially considering the hurdles it faced in the last year. The world’s leading cryptocurrency has climbed 180% since November 2022. Notably, 45% of this increase happened in the past six weeks.
This surge is mainly due to growing excitement about the potential of a spot Bitcoin ETF. On December 8th, Bitcoin reached a high of $44,705, driven by the buzz around a Bitcoin ETF. However, it’s encountering strong resistance at the $45k mark.
This level is important for Bitcoin investors. According to CryptoQuant, it matches the average price people invested in Bitcoin two to three years ago. If Bitcoin crosses this level, it could rise to the $50k mark. Bitcoin price is fluctuating around the $43k region, with a 15.9% gain in the past 30 days.
InQubeta (QUBE): Investors Buy Over 688 million Tokens
Since the start of InQubeta’s (QUBE) presale, QUBE’s value has sharply risen. The token’s price soared from $0.007 in the initial stage to $0.01925 in Stage 6, translating to a 175% gain for investors. Up to now, InQubeta has successfully sold 688 million tokens.
InQubeta is making a big impact in cryptocurrency, especially in AI-related investments. Known as one of the top crypto to buy, InQubeta stands out with its special approach to cryptocurrency and its ongoing presale, highlighting its growing potential.
It aims to help people to overcome the typical investment constraints. It breaks up investments into smaller parts, which are later transformed into the coolest NFTs. In this way, more people are able to invest in intriguing new projects without having to shell out as much money.
Moreover, the holders of the QUBE tokens can receive a 5% reward if they keep their tokens on the platform. It has attracted a lot of interest within the community. It appears that there is a lot of interest in InQubeta, as the project has already raised over $7.7 million through its crypto ICO.
Arbitrum (ARB) Has Soared Past Key Resistance
Like InQubeta, the Ethereum scaling solution Arbitrum (ARB) has also attracted the attention of investors. The increasing interest in Arbitrum started as the price of ARB again started moving upward and crossed the important resistance level of $1.4594.
As per data from CoinMarketCap, there is an increase of 40.5% in the value of Arbitrum within the past seven days. The price of Arbitrum has increased from $1.12 to $1.66 within a period of seven days. In addition, the altcoin has experienced an increase of 57.8% on a monthly basis, placing it amongst the top-performing cryptocurrencies this week.
If the support level of $1.567 holds, ARB‘s price will test the resistance level 1.6743$. If the market continues the price trend, Arbitrum may reach $1.75 in the near future.
Conclusion
Even if Bitcoin is confronted with obstacles at $45K, the introduction of a Bitcoin ETF could propel it beyond this level to reach $50K. Meanwhile, since more investors are investing in Arbitrum and InQubeta, these are currently among the best alt coins to buy.
