Crypto ETP inflows surpass $1B year-to-date as total AuM hits May 2022 high

  • Digital asset investment products recorded inflows of $293 million last week.
  • Bitcoin saw $240 million, Ethereum $49 million and Solana $12 million.
  • A report by CoinShares shows year-to-date inflows have surpassed $1 billion.

Inflows into digital asset investment products hit $293 million last week, the seventh consecutive week of positive flows. 

According to data from asset manager CoinShares, the 7-week streak of inflows has brought the total year-to-date flows into crypto exchange traded products to $1.14 billion. This follows increased institutional interest that has pushed yearly inflows YTD to its third highest yearly level. 

Meanwhile, total assets under management (AuM) in cryptocurrencies have increased 9.6% this past week.

The weekly flows report shows total AuM stood at $44.3 billion last week, up 99% this year and at the highest level since May 2022.

Bitcoin inflows hit $240 million last week

In specific investment products, Bitcoin saw $240 million in inflows last week to bring the total YTD reading to $1.08 billion. ETP trading volume for the flagship cryptocurrency accounted for nearly 20% of volume on trusted exchanges.

James Butterfill, the head of research at CoinShares, notes that the increase in ETP volume compared to BTC trading volume is a rare occurrence that “suggests ETP investors are participating much more in this rally compared to 2020/21.”

Also notable were the inflows into Ethereum investment products.

According to CoinShares’ weekly report, inflows of $49 million last week was the largest for Ether since August 2022. The sentiment around Ether-based ETPs has improved significantly over the past two weeks. Notably, this outlook is unfolding as spot Ethereum ETF filings spark interest.

Solana sees huge inflows

Solana, one of the top performing crypto assets these past few weeks, also recorded notable inflows this past week. $12 million were poured into SOL products over the seven days , while the altcoin leads the segment with $121 million in year-to-date inflows.

The optimism is reflected in the SOL price, which had fallen dramatically in November 2022 as the market reacted to the collapse of FTX. At current levels of $59, Solana is trading 170% over the past 30 days and 315% over the past year.

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New altcoin outshining Ethereum and Shiba Inu as Morgan Stanley calls crypto winter end

Morgan Stanley Wealth Management has called the end of the extended crypto bear market, indicating that the crypto spring is on the horizon. The crypto market has been projected to rally to a new high in this new bull market. Ethereum and Shiba Inu have already recorded significant gains as the crypto market enters a bull phase.

There have been dark horses that outperformed the crypto market in previous bull cycles. Analysts have identified a potential dark horse for this bull market. Read on to find more information.

Shiba Inu reclaims a major resistance level: devs hint at major changes 

Shiba Inu has struggled in 2023, despite the gains recorded in the broader crypto market. However, the Shiba Inu coin joined the recent market rally, increasing past a key resistance level at $0.000008000. 

SHIB also rallied above its 200-day Exponential Moving Average (EMA). This level holds significance as it historically acts as a barrier between the bearish and bullish territories. With this bullish trend, crypto analysts have predicted a potential Shiba Inu price increase. 

If the price of Shiba Inu holds the $0.00000800 support, it has been forecasted to rally to $0.000012000. This prediction was strengthened by the recent updates shared by the Shiba Inu development team.

The team hinted that the product will be a potential game changer in the crypto space. Other SHIB developments that could spur a Shiba Inu value increase include ShibaSwap and its Self-Sovereign Identity (SSI) feature.

Ethereum reclaims $2,000 on spot ETF excitement, analyst predicts 80% increase 

The price of Ethereum has surged past $2,000 for the first time in more than seven months over spot ETF excitement. 

The rally was ignited by reports of BlackRock registering for a spot at Ethereum ETF in Delaware. Because of this, analysts are bullish about Ether. A popular crypto analyst, Kyle Doops shared his bullish predictions for the price of Ethereum.

According to the Ethereum chart shared by Doops, a pattern for an enormous 80% move has been formed. Based on his Ethereum price prediction, ETH could outperform Shiba Inu and rally to $3,600 in the coming weeks.

In the short term, while ETH remains above the $1,979 level, the trajectory of the leading altcoin remains decisively positive.

Meet the crypto bull market dark horse, Meme Moguls

Ethereum and Shiba Inu were top performers in previous bull markets. However, while they have been predicted to record substantial gains in the coming bull market, they will be outperformed by new crypto, Meme Moguls (MGLS).

Meme Moguls meet the requirements of dark horses in previous bull markets – launching in a unique market. It has introduced what will be the world’s first meme-backed stock market-style exchange.

As a trailblazer, the project aims to help investors become their own moguls in the $17.9 trillion meme coin market. The unique placement of MGLS as the token to power this ecosystem gives it enough potential to outperform ETH, SHIB, and the rest of the crypto market. Join now for only $0.0019.

To learn more about Meme Moguls, Visit Meme Moguls.

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November’s crypto picks: Tezos, Rebel Satoshi, and ApeCoin

  • Tezos surges 13% in 2023, but a renewed bullish momentum will usher in more gains.
  • ApeCoin plunged 61% in 2023, but a resurgence in NFT activity might see it rally. 
  • RebelSatoshi proves the next top meme coin with a projected 150% presale surge. 

After performing poorly between Q1 and Q3, the crypto market began showing bullish signs in Q4 2023. As a result, top crypto coins like Tezos (XTZ) and ApeCoin (APE) have surged significantly, making them top picks for November. 

Meanwhile, Rebel Satoshi ($RBLZ), an emerging meme coin, is positioning itself as the best cryptocurrency to buy in November after promising a 150% ROI during its public presale. 

Why are Tezos, ApeCoin, and Rebel Satoshi the best cryptos to consider for investment in November? Let’s find out!

Tezos up 13% in 2023: what’s coming next?

Tezos has performed decently thus far in 2023. On January 1,  the price of XTZ was hovering around $0.73. However, XTZ started surging and went as high as $1.44 in February after Weiss Ratings praised Tezos. However, XTZ failed to hold these gains and plunged sharply.

By November, XTZ had stabilized around $0.83. Notably, this XTZ price means Tezos has surged 13.70% from the January 1 level. However, will Tezos’ upward trajectory continue? Analysts believe Tezos will continue climbing to close the year, trading around $0.98. In the long term, analysts believe XTZ can soar as high as $2.43 in 2025.

This forecast makes Tezos a good crypto to buy. Analysts peg this bullish XTZ prediction on Tezos gaining more adoption due to its flexible governance model, bug-free code, and dividend issuance. 

ApeCoin slumps in 2023: sheds 61% of its value!

ApeCoin has performed deplorably in 2023. On January 1, APE was trading around $3.64. After surging briefly in February, APE began retracing its growth and plummeted as interest in NFTs waned. By November, APE had levelled off around $1.35. This price means ApeCoin has lost 61.54% of its value thus far in 2023.

As a result of this poor performance, investors are increasingly asking whether APE is a good investment. Analysts believe ApeCoin will continue surging to close the year, trading around $2.32. The long-term APE forecast is more bullish, with experts predicting the token will surge to $5.18 in December 2025.

This ApeCoin prediction makes APE one of the best coins to invest in, especially for long-term HODLers. Analysts peg this APE prediction on APE getting more adoption as interest in Yuga Labs’ Bored Ape Yacht Club (BAYC) NFT collection resurges. 

Rebel Satoshi charms investors

Rebel Satoshi, a new meme coin that draws inspiration from the rebellious spirits of Satoshi Nakamoto and Guy Fawkes, is making waves in the crypto market despite being in its public presale. The main attraction of the Rebel Satoshi project is its mission to bring together the silent majority, hit a $100 million cap, and challenge centralized crypto entities. 

To achieve these goals, RebelSatoshi depends on its native $RBLZ token. $RBLZ boasts a 250 million supply cap, significantly lower than popular meme coins. Moreover, $RBLZ features a deflationary mechanism, which will burn $RBLZ tokens over time to ensure the price always increases. This feature makes $RBLZ the best crypto to invest in now!

As of November, Rebel Satoshi was in the Early Bird Round of its ongoing public presale, with $RBLZ priced at $0.010. RebelSatoshi has named the next round Rebel, and the $RBLZ price is set to increase to $0.013 at the start of this round. 

Moreover, Rebel Satoshi has set the listing price for $RBLZ at $0.025. This means that early Bird investors will see their $RBLZ holdings surge 150% by the time RebelSatoshi gets listed.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via telegram.

 

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Solana price hits 17-month high above $54: What next for SOL?

  • Solana price rose to $54 on Friday, its highest level since May 2022.
  • SOL has outperformed top altcoins as positive catalysts aid bulls’ push, with price up 40% this past week and 138% over 30 days.
  • How far can Solana price rise? Data suggests further upside is possible.

Solana continued its outperformance on Friday with another huge green candle as price rose 24% to climb to highs of $54. The cryptocurrency’s value has jumped more than 40% this past week and an impressive 138% over the last 30 days.

According to data from CoinGecko, Solana price has increased by 220% in the past year – reclaiming levels it traded at before the collapse of crypto exchange FTX.

Solana price breaks above $54

Despite recent sell-off pressure, bulls have managed to push SOL price to its highest level since May 2022.

The breakout to this 17-month high comes after buyers regained control at the critical $30 level, with this allowing for further upside to $38. A retest and fresh impetus allowed for this week’s parabolic move to $50.

Solana price chart. Source:TradingView

According to crypto data and market intelligence platform Santiment, Solana’s gains are accompanied by a major spike in crowd discussions about the coin.
While funding rates have flipped higher, they are yet to enter the danger zone. Can SOL see more gains? 

As highlighted earlier, Ethereum, Solana and other altcoins exploded today after news that BlackRock had filed for a spot Ethereum ETF.

Also playing a role in the price surge was this week’s comments by Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC). Gensler noted during an interview with CNBC that plans to revive FTX could work if those looking to do so adhered to the law.

Gensler’s comments came at a time when reports indicated that entities looking to reboot the bankrupt exchange had come down to a final shortlist of three companies. It includes Bullish, a digital assets platform founded by a former New York Exchange executive.

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Bitcoin May Be The Biggest Crypto, But Is This The Best?

Bitcoin (BTC) has long been the most recognizable and dominant player in the cryptocurrency world. BTC started it all and has consistently maintained its position as the gold standard. As the crypto universe expands, new competitors emerge, each with a unique proposition. Among these rising stars is InQubeta (QUBE), an AI-powered cryptocurrency that reve­rberates with possibility and innovation. But can InQubeta truly reign supreme as the best in the crypto space?

InQubeta has revolutionized the cryptocurrency industry with innovative­ features, such as its deflationary mode­l. Its NFT marketplace has gained re­cognition among influential figures searching for ne­w DeFi crypto to inve­st in for substantial returns. Many crypto analysts are forecasting that InQube­ta will lead the next bull run due­ to its aim of bridging the gap between AI startups and investors.

This article explores Bitcoin’s dominance and why InQubeta could claim the title of the best crypto.

InQubeta (QUBE): Pioneering DeFi crypto with potential for the best ROI

InQubeta, a new DeFi crypto, is making waves as the first crowdfunding platform in the crypto market that promises high returns. Despite Bitcoin’s dominance, InQube­ta shines as the best potential crypto choice by enabling fractional investment in AI-based startups, all facilitated by QUBE tokens. These tokens operate on the Ethereum blockchain, leveraging its robust technology to create a secure and seamless investment ecosystem for startups and investors.

The brilliance­ of the platform as the best prospe­ct in crypto lies in its ability to mint each investme­nt opportunity as an NFT and then fractionalize it. This means you can invest in a way that suits your budget while enjoying the benefits of being an early supporter. The platform’s tre­nding NFT marketplace takes it further by empowering AI startups to raise funds and offer enticing rewards and equity-based digital assets. Conversely, QUBE token holders can easily invest in the projects they believe in, establishing a unique ecosystem that be­nefits all parties involved.

QUBE exce­ls in the crypto market as the potential ultimate­ choice due to its nature as a de­flationary ERC20 token. This unique deflationary mechanism offers a valuable investme­nt opportunity for crypto enthusiasts seeking the best crypto investment platform to dive­rsify their portfolios. By imposing a 2% buy and sell tax for a burning wallet and a 5% buy and sell tax for a dedicated reward pool, QUBE e­nables holders to earn re­wards through token staking. This feature makes it particularly appealing to investors who recognize the growth potential of AI technology startups.

The QUBE toke­n, serving as a governance toke­n, helps position it as one of the best crypto investme­nt platforms. As a governance token, InQubeta gives its holders a say in the decision-making processes of the platform. 

QUBE holders can propose, discuss, and vote on various aspects of the platform’s development, operation, and future direction. With the increasing participation of investors and startups in the InQube­ta platform, the demand for QUBE is expected to surge, potentially driving up the token’s value over time. 

By holding and staking QUBE tokens, investors not only position themselves for potential price appreciation but also receive rewards from the dedicated reward pool.

Bitcoin (BTC): A potential game-changer for cryptocurrency

As the first cryptocurre­ncy, Bitcoin wields a substantial influence over the crypto market. With BTC breaching the $35K threshold, its trajectory could significantly shift, potentially reaching $64K by the end of 2023, as suggested by historical chart patterns. This optimistic outlook permeates the broader crypto market, propelling altcoins into a bullish ascent.

Historical data highlights November as a pivotal month for Bitcoin, with gains second only to April. The fourth quarter (Q4) is renowned for yielding the most substantial returns, heightening the anticipation for this upcoming month. Boasting a note­worthy track record, November promises an exhilarating journey for BTC enthusiasts.

Conclusion

Bitcoin paved the way in the crypto space, but InQubeta is poised to become the best choice for investors and enthusiasts. With its trending NFT marketplace, de­flationary mechanism, and governance toke­n, InQubeta is revolutionizing the AI se­ctor. Now in its fourth stage, the ongoing presale­ offers an unparalleled opportunity to join the platform. Investors can acquire the QUBE toke­n using major cryptocurrencies such as ETH, BTC, and USDT.

Visit InQubeta Presale 

Join The InQubeta Communities

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