Fear & Greed Index Hits Lowest Point Since October as BTC Hits $39k. QUBE Hits $8.5M

The Crypto Fear & Greed Index has hit the lowest score in more than 3 months. InQubeta’s AI crowdfunding platform called QUBE has reached $8.5 million in its presale so far.

The Fear & Greed Index Dynamics:

Notably, one of the sentiment indicators, the Fear and Greed Index reached a score of 48 which reflects its historical low value since October 2023. 

This decline, associated with Bitcoin’s almost 9% crash to the $39,000 level, comes after the recent Bitcoin ETF approval given by the U.S. authorities. 

The Fear and Greed Index is an index that captures several indicators including volatility and market momentum as well as social media surveys and BTC dominance trends.

Bitcoin’s decline is partly as a result of the outflows from Grayscale Trust GBTC, which is the largest spot BTC ETF in the U.S., amounting to its total assets at approximately $20 billion.

This decision was marked by a $500 million daily outflow, amounting to the GBTC’s exit of no less than 2.8 billion dollars.

While Bitcoin proponents initially saw the approval of a spot Bitcoin Exchange-Traded Fund (ETF) by the United States Securities and Exchange Commission (SEC) as a catalyst for more institutional participation in the space, leading to an explosive surge in the price of BTC, that exponential growth is yet to happen.

Whether the world’s flagship crypto will make a new all-time high in 2024 remains to be seen. 

InQubeta (QUBE) Holding Strong 

With the crypto market uncertainties, InQubeta (QUBE) is introducing an AI and blockchain-powered crowdfunding process. 

The platform, which aims at linking up the AI project creators and investors has gained traction amid market volatility, as it has secured over $8.5 million in its ongoing presale. InQubeta’s native token QUBE enables fractional investments into AI start-ups.  

InQubeta makes it easier for AI technology enthusiasts to invest in new projects. QUBE holders can actively stake their tokens, which has a deflationary mechanism in place and a 5% sell tax contributing to a dedicated reward pool. 

For InQubeta, a vision for the future involves blockchain and smart contracts, fostering transparency, security and democracy in AI start-ups.

The NFT marketplace offered by InQubeta allows the listing of fractional digital collectibles representing investment opportunities in AI-based projects.  

Investors are rewarded with QUBE tokens upon strategic staking that can be redeemed to promote the growth pathway for AI technology start-ups.

The QUBE tokens also play the role of a governance token that allows the holders to participate in decision-making processes.

This democratic method even enables the token holders to control several areas of platform development, operation and also future direction.

InQubeta Presale

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The post Fear & Greed Index Hits Lowest Point Since October as BTC Hits $39k. QUBE Hits $8.5M appeared first on BeInCrypto.

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