How Bitcoin’s trends align with NASDAQ 100; Polkadot & InQubeta price santa rally in sight

November 27, 2023 08:37 AM PST | By Invezz
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As the cryptocurrency world continues to evolve, the dance between digital currencies and traditional markets takes center stage. In recent weeks, this could be one of the best crypto to buy, Bitcoin, has been on a roller coaster ride, and its trends are now aligning in unexpected ways with the NASDAQ 100. But that’s not the only show in town.

Polkadot (DOT), with its own set of twists and turns, and InQubeta (QUBE), poised to be one of the top DeFi projects today, are both eyeing a Santa Rally and adding extra layers of excitement to the crypto narrative.

How Bitcoin’s trends align with NASDAQ 100

So, what’s the latest buzz in the crypto town? Well, Bitcoin (BTC) and the NASDAQ 100 are having a tango, and it’s turning heads.

A recent report from Kaiko has unveiled a fascinating trend in the relationship between Bitcoin and the NASDAQ 100. The correlation between the two giants has hit its lowest point in recent months, hovering around a mere 13%. For investors, this signals the best time to diversify their portfolios.

A closer look at the charts reveals that both Bitcoin and the NASDAQ 100 are on a bull trend.

Despite Bitcoin’s recent price fluctuations, it has managed to stay above $36,000, while the NASDAQ 100 boasts a smoother upward trajectory. This subtle dance between the two could open new doors for investors seeking a balanced approach to their portfolios.

Polkadot’s price journey

Now, let’s talk about Polkadot (DOT), the wild child in the top ten cryptocurrency party. The weekly timeframe analysis shows Polkadot going through some serious highs and lows.

Since February this year, Polkadot has been stuck in a descending resistance trend line. But guess what? It broke free in mid-November, hitting $5.90 – its highest value in 200 days. Talk about a surprise performance.

However, it faced a tough crowd shortly after, falling below a key resistance area, creating a bit of a bearish candlestick.

Technical indicators, like the Relative Strength Index (RSI) and the Elliott Wave theory, are giving us some clues. The RSI is on an upward trajectory, and the Elliott Wave count suggests a potential turnaround.

InQubeta (QUBE): Breaking ground in the crypto AI space

InQubeta (QUBE) is making waves with its tokenomics, use of non-fungible tokens or NFTs, and staking mechanisms. It’s like they brought fireworks to the party, and everyone’s looking.

InQubeta’s native token, QUBE, is already causing a stir in the crypto community. Priced at $0.0161 per token in the ongoing stage 5 of its presale, it’s selling like hotcakes—with over 84% already gone. That’s the kind of hype you’d expect at a holiday sale!

What sets InQubeta (QUBE) apart from other new DeFi projects? It’s not just talking the talk; it’s walking the walk in the crypto AI revolution.

With the best NFTs to invest in, staking, and exciting partnerships, InQubeta is not here to play small. Investors are eyeing it as the next best crypto investment, a potential Ripple of the AI space.

But let’s not forget the real kicker. InQubeta’s QUBE token is set to be the currency within the platform, with the potential for gradual price appreciation. Investors can jazz up their strategy through staking QUBE ERC20 coins on the platform, revealing recompenses from the dedicated pool powered by a 2% and 5% buy and sell tax.

Staking doesn’t just stop at numbers; it opens the door to an electrifying NFT marketplace experience, where supporting startup projects means earning rewards through the purchase of unique and equity-based NFTs.

InQubeta’s presale is still continuing, and the excitement in their online Twitter community is building.

Conclusion

As we ride these waves, it’s not just about the gains and losses; it’s about the evolution of technology and the potential for groundbreaking advancements. And hey, for those looking to join the party, InQubeta’s presale is still on, promising a front-row seat to the Crypto Christmas Extravaganza. Will InQubeta deliver a Santa Rally for its QUBE token? Only time will tell.

For all information, Qube visit InQubeta presale or join the InQubeta communities.

The post How Bitcoin’s trends align with NASDAQ 100; Polkadot & InQubeta price santa rally in sight appeared first on Invezz


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