The bullish momentum in the crypto market is picking up speed, and DeFi (decentralized finance) assets like Polygon (MATIC), Near Protocol (NEAR), and Fetch.ai (FET) have become bulls’ favorites. These select cryptos have performed well lately in their trading and on-chain activities, and some technical indicators show that their bull run is far from over. Drawing parallels to these uptrends, InQubeta (QUBE) is a well-performing coin that, although relatively new and lesser-known, could greatly profit investors in the coming altcoin season.
The InQubeta project has seen bullish indicators, and significant interest has built around it, as evidenced by its exceptional presale success. Its AI-backed approach is seen as the main reason for the rush to its initial coin offering (ICO) phase, as new and pro investors want to capitalize on the expanding dominance of artificial intelligence (AI) technology. The following sections cover how these top DeFi projects are gaining traction.
InQubeta’s (QUBE) Presale Passes $11.5 Million In Funds
InQubeta is an emerging AI cryptocurrency you don’t want to miss out on. Its cryptocurrency ICO is in its eighth stage, and an impressive $11.5 million has been raised in this early funding, which is just a tip of what to expect after launch. The project has sold over 886 QUBE million tokens, and investors are keenly anticipating the launch of this project at the proposed price of at least $0.0308.
InQubeta’s crowdfunding platform will allow AI tech startups to source capital through cryptocurrency. To raise capital, the startups need to mint investment opportunities in their companies. These will be tokenized as non-fungible tokens (NFTs), divided into units, and offered to investors on its custom-built NFT marketplace.
With a 340% return potential post-presale, the progress of this cryptocurrency ICO aligns with the optimistic sentiment around why the token is gaining traction. Supported by blockchain technology and having undergone thorough audits and verifications, the project ensures its transactions are secure and transparent.
Polygon (MATIC) Breaks Long-term Resistances
MATIC’s price holds resiliently above $1 as it sits around $1.2. This recovery comes as the token broke above several key technical markers that previously capped upward moves. According to some predictions, Polygon is undergoing similar price dynamics that started its meteoric rally to attain its peak price in 2021.
Its weekly relative strength index (RSI) now stands perched above 60, mimicking the same RSI build that preceded MATIC’s historic 10,000% explosion in 2021. In addition, MATIC’s long-term resistance trendline was recently shattered for the first time in the same timeframe, and the crypto appears en route to retesting its ATH (all-time high) of $2.92.
Near Protocol (NEAR) Price Soars And Bullish Momentum Builds
NEAR trades around $7 after registering a 60% rally last week. The Open Interest-weighted Funding Rate is currently positive for Near Protocol at an average of 0.067%. Funding Rates are periodic fees paid between traders holding perpetual swap positions to maintain price alignment with the underlying asset.
If the derivative price deviates from the spot price, long or short position holders pay or receive funding to balance it. The positive rate suggests a bullish sentiment for NEAR, and traders are pining for further increases. But beyond speculation, usage of the network is also noting a boost as the total value locked (TVL) on NEAR protocol also increased by 22.5% to $189 million in a day in the past week.
Fetch.ai (FET) Secures $100 Million Infrastructure Investment
Bolstered by a substantial $100 million investment in infrastructure, Fetch.ai has introduced Fetch Compute, a decentralized computing platform that lets its users access advanced AI-focused GPUs. Users staking the native coin FET can now earn Fetch Compute Credits. These credits can subsequently cover GPU usage fees, granting users access to these invaluable resources within the protocol.
The Fetch.AI crypto has been on a tear, surging from $1.5 to $3.07 in the last seven days, per Coingecko data. FET has rallied nearly 150% in the previous two weeks after reaching a multi-year breakout past $1 and hitting a new ATH. With a market capitalization of about $2.9 billion, FET is in the top 50 cryptocurrencies by market cap.
Conclusion
Polygon, Near Protocol, Fetch.ai, and InQubeta are promising altcoins in crypto circles. They are basking in the fervor of the ongoing bull run, making them compelling investments. InQubeta intends to solve a pressing challenge within the AI market by utilizing its custom-built NFT marketplace.
Only about 19 million QUBE tokens remain up for grabs at $0.0245 each before the price increases to $0.028. To take advantage of this discounted price and participate in the ongoing QUBE ICO, visit the link below.
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