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With Bitcoin soaring above $73,000 and repeatedly breaking its all-time high in recent weeks, the overall sentiment in the cryptocurrency market is undeniably positive. Two altcoins, Toncoin (TON) and Avalanche (AVAX), have provided decent gains for their holders, reflecting the market’s bullish momentum. 

Simultaneously, InQubeta, a new project in the crypto crowdfunding space, aims to raise an impressive $12 million through its ongoing presale, positioning itself as a potential game-changer in the AI startup investment arena.

Toncoin (TON) has experienced a surge, with its price increasing by 20% today and 60% over the past seven days, currently trading around $4.3. This project has solidified its position among the top cryptocurrencies, currently ranking 12th in terms of market capitalization, with a valuation of approximately $15 billion.

On the TON/USDT chart, we can observe that the price traded within a sideways channel, marked by blue lines, between $2.5 and $2.9 since late February. However, on Monday, the price broke out of this channel, entering a discovery mode as it seeks to establish new yearly highs.

Notably, TON surpassed its previous all-time high of around $4.43, set during the 2021 bull run, briefly reaching $4.5 before cooling off to around $4.3 at the time of writing.

The Relative Strength Index (RSI) is hovering between 50 and 70 across all timeframes, including daily, weekly, 3-month, and 6-month, except for the yearly timeframe, where the RSI has reached 85. A high RSI value indicates that the asset is overbought and may be due for a correction or consolidation period. The 200-day moving average for TON currently stands at $2.2, suggesting a significant upward trend in the long-term price movement.

Additionally, the Moving Average Convergence Divergence (MACD) Line is currently below the MACD Signal Line, indicating a potential bearish crossover and a potential shift in momentum toward the downside.

Based on Fibonacci extension levels, TON’s next price target is around $5.4, in line with the 1.618 Fibonacci extension level, followed by $6.6, corresponding to the 2.618 Fibonacci level. 

Conversely, $3.7 and $3.87 present strong support levels, aligning with the 0.786 and 0.618 Fibonacci retracement levels, respectively. If the price retraces from its current levels, these support levels could provide potential entry points for investors.

Given the strong upward momentum and the potential for further price discovery, TON could potentially continue its upward trajectory, potentially reaching new all-time highs in the near future. However, it is crucial to monitor the RSI and MACD indicators closely, as they may signal a potential correction or consolidation period.

Avalanche (AVAX) has also experienced a notable price surge, with its value increasing by 13% today and approximately 33% over the past week, currently trading at around $54. AVAX currently ranks 10th globally in terms of market capitalization, with a valuation of around $20 billion.

While AVAX has made significant gains, it still has some work to do to surpass its previous all-time high of approximately $154, set during the 2021 bull run. 

Similar to TON, the AVAX/USDT chart shows that the price traded within a sideways channel, marked by blue lines, between $37 and $43 since late February. However, on Monday, the price broke out of this channel, entering a discovery mode and establishing a new yearly high of $57 before cooling off to $54.

The current 200-day moving average for AVAX stands at $25, indicating a strong upward trend in the long-term price movement. The RSI is between 45 and 60 across all timeframes, except for the yearly timeframe, where it sits at 75. A high RSI value on the yearly timeframe suggests that AVAX may be overbought and due for a potential correction or consolidation period.

In contrast to TON, the MACD Line for AVAX is currently above the MACD Signal Line, indicating a potential bullish crossover and a potential continuation of the upward momentum.

Based on Fibonacci extension levels, AVAX’s next price target is around $70.36, in line with the 1.618 Fibonacci extension level, followed by $81.38, corresponding to the 2.618 Fibonacci level. Meanwhile, $46.87 and $42.79 present strong support levels, aligning with the 0.786 and 0.618 Fibonacci retracement levels, respectively. These support levels could act as potential entry points for investors in case of a price retracement.

Due to the current bullish momentum and the potential for further price discovery, AVAX could potentially continue its upward trajectory, potentially reaching new all-time highs. The RSI and MACD indicators, however, must be monitored closely, since they may signal a correction or consolidation.

InQubeta has raised an impressive $11.6 million so far in its ongoing multiple-month presale, positioning itself as one of the most successful presale initiatives on the market in terms of funds raised. The next goal is, logically, smashing that $12 million mark. 

With the current presale price set at $0.0245 USDT for 1 $QUBE token, and the next stage price expected to be $0.028, InQubeta potentially presents an opportunity for investors interested in the AI startup ecosystem.

InQubeta is a platform designed specifically for the crypto crowdfunding space, with a focus on supporting AI startups. By specializing in AI investment, InQubeta provides a dedicated platform for funding and nurturing AI ventures, catering to the needs of this rapidly growing sector.

The platform introduces a novel NFT marketplace, enabling AI startups to raise funds and engage with potential investors through reward and equity-based NFTs. This approach not only facilitates fundraising but also fosters community engagement, as investors can support projects they believe in while potentially gaining valuable rewards.

To participate in InQubeta, individuals need to acquire $QUBE tokens, which serve as the native currency within the ecosystem. These deflationary ERC20 tokens come with built-in mechanisms for burning and rewards, allowing holders to earn rewards by staking their tokens. This active participation supports the growth and success of AI startups supported by InQubeta.

InQubeta’s ecosystem is powered by the QUBE token, an ERC-20 utility and governance token. The platform allows users to invest in AI startup projects listed on its NFT marketplace, with each startup transformed into an NFT and fractionalized. This setup enables investors of all sizes to participate, and upon successful funding, they can share in the startup’s profits through returns paid in QUBE tokens. The process is transparent, secure, and backed by blockchain technology.

Security is a paramount concern for InQubeta, with the QUBE token undergoing extensive security audits and KYC verification. The token is currently available in its presale phase, offering investors the opportunity to purchase tokens at a low price directly from the official InQubeta website. Following the presale, QUBE token holders can stake their assets via InQubeta’s staking dapp to earn potential rewards from the buy and sell taxes allocated to the reward pool.

The cryptocurrency market’s bullish momentum, driven by Bitcoin’s soaring prices and the exceptional performance of altcoins like Toncoin (TON) and Avalanche (AVAX), has created an environment ripe with opportunities. While these established projects continue to capture investors’ attention, InQubeta emerges as a newcomer, offering a platform for funding and nurturing AI startups through its NFT marketplace and reward-based ecosystem.
However, the potential rewards of investing in projects like TON, AVAX, and QUBE should be carefully weighed against the inherent risks associated with the always volatile cryptocurrency market.

For all thing QUBE you can visit InQubeta website.

The post Here’s why Toncoin (TON) and Avalanche (AVAX) prices are pumping! While this new AI crypto prepares to smash $12 Million in presale appeared first on Invezz

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