Coinbase Advocates For Ethereum ETF SEC Approval; Investors Rally Behind Promising Render Competitor

As Bitcoin (BTC) surges in the market due to developments like BTC ETFs, requests for a spot Ethereum (ETH) ETF have become more prominent. Centralized cryptocurrency exchange (CeFi) Coinbase has released a statement advocating for approval for this new development from the Securities and Exchange Commission (SEC) in the United States of America. In other news, a top analyst has shared his predictions for the AI crypto coin Render (RNDR) to hit its ATH again following its migration to the Solana (SOL) network.

Another AI token on the blockchain, InQubeta (QUBE), is drawing attention as investors rally behind the project, aiming to benefit from its growth. This Render competitor has launched a promising presale, offering substantial rewards to early adopters. Its appeal lies in the exciting features and opportunities available on this trending platform. This article explores these top altcoins and their paths on the decentralized cryptocurrency list.

InQubeta (QUBE): Leading Blockchain AI Competitor 

InQubeta is a new AI-centric project on the blockchain that merges the artificial intelligence and cryptocurrency industries, supporting the growth of AI tech startups through a crowdfunding model made possible by minting opportunities into non-fungible tokens (NFTs). The project lists vetted startups on its platform, allowing investors to browse and find the ones with exciting features. Each NFT within the ecosystem represents utility in these startups. The revolutionary model ensures that every investor can participate irrespective of their budget by fractionating the opportunities into units, each with an affordable DeFi coin price.

The upcoming blockchain ICO launched its ten-stage presale last year, selling its native token, QUBE, at discounted rates. Seven stages have been completed, raising nearly $10.5 million for the project’s development. Over 834 of the 975 million tokens set aside for the presale have sold, bringing the presale closer to completion. In stage eight, each QUBE is sold at a DeFi coin price of $0.0245, a 250% increase from the initial cost of $0.007. 

Investors can earn more from the platform after purchasing their QUBE tokens. InQubeta offers a staking mechanism where holders can stake their tokens to earn passively from a dedicated reward pool. The pool is funded by a buy-and-sell tax imposed on all transactions. QUBE also doubles as a governance token, allowing holders to participate in decision-making and voting on the platform. With a proposed DeFi coin price of $0.0308 upon launch, stage 1 investors can enjoy a 340% ROI. 

Ethereum (ETH): Potential ETF Following Coinbase Appeal

The crypto market is experiencing increased institutional interest as a top CeFi, Coinbase, advocates for an Ethereum ETF. The CeFi has publicly urged the SEC to approve a spot ETF proposed by Grayscale in October 2023. This approval, if granted, would catalyze greater institutional adoption for ETH while boosting Coinbase’s standing in the crypto custody space.

Coinbase’s chief legal officer, Paul Grewal, announced the formal response to the SEC’s request for comments regarding the ETH ETFs. In their submission, Coinbase detailed technical, legal, and economic justifications to support the approval of the ETF. They also highlighted the classification of Ethereum as a commodity rather than a security, emphasizing the green light the regulatory body previously lit for Bitcoin spot ETFs.

Render (RNDR): Rising Market Value With ATH in View

A top crypto analyst known only by the pseudonym Pentoshi has announced his predictions for the native token, RNDR, of the Render network. This project provides a decentralized market for Graphics Processing Units (GPUs). Pentoshi predicted an upward trajectory in a post shared on his X account, which has over 756,000 followers. According to the analyst, RNDR is on the verge of breaching its all-time high of $8.78, a feat last recorded in November 2021.

The project, which recently migrated to the Solana network, now provides the necessary computational power for machine learning training to complete tasks in the AI field. The prediction does not hint at linear growth, as the analyst advises investors and traders to prepare for price consolidation and corrections first. RNDR has surged 57% in the past week, with rising enthusiasm as the hype around its rendering platform builds.

Conclusion

As the chances for the approval of a spot ETH ETF heighten, another top altcoin in the market, Render, is making moves with a rising market value that could hit its ATH. Amid these events, top AI competitor InQubeta is attracting investors with a thriving presale. The ICO has become more prominent on the decentralized cryptocurrency list, offering exciting features and discounted prices. 

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