Bitcoin User Pays $3M in Transaction Fees; Ethereum Maintains $2,000 Support; InQubeta’s Presale Eyes $6 Million Next

3 views 1:30 pm 0 Comments November 28, 2023
 

 An astonishing and historic development that recently stunned the crypto community was a Bitcoin (BTC) user paying a record $3 million in transaction fees. It was a ridiculous and costly mistake—we bet the user is still reeling from the event. In other news, Ethereum (ETH) maintains its $2,000 support and has steadily gained in price. Meanwhile, top ICO InQubeta (QUBE) is set on $6 million after raising over $5.3 million in its ongoing presale.

This roundup will cover exciting developments in the crypto world. So, grab your popcorn and continue reading.

InQubeta (QUBE): $6 Million in Presale Next

Among the new ICOs (initial coin offerings), InQubeta (QUBE) stands out. It has raised $5.4 million in its presale and eyes $6 million next. With its current momentum, it can accomplish this goal within weeks. This shows its popularity in the crypto landscape and its innovative concept. As an AI altcoin, it is filled with potential.

InQubeta will be more than just a cryptocurrency; it is the future of AI. It aims to solve one of the most pressing issues in the sector: fundraising. To address this challenge, it will become the world’s first crowdfunding platform for AI startups through cryptocurrency. They will source funds by minting investment opportunities and offering them as equity-based NFTs (fractionalized) to investors.

It is in the fifth presale stage, and a token costs only $0.0161. According to analysts, InQubeta is the best new crypto to invest in. They believe its value will rise by 3,000% after launch.

Bitcoin (BTC): An Historic $3 Million in Transaction Fees

A rather amusing development, which has lifted the mood in the crypto space, is a Bitcoin user paying $3 million as fees for a $5 million transaction. This was a temporary respite from the anticipation surrounding the SEC’s approval of a spot ETF. It was welcoming and refreshing—not to the affected user, though. The Bitcoin seller intended to send 139.42 BTC, valued at over $5 million. Unfortunately, they paid 83.84 BTC in fees, leaving them with only 55.77 BTC, or approximately $2 million. This event will go down in history.

It is worth pointing out that Bitcoin transaction fees have surged lately – although the above was simply a costly mistake. The rise in transaction fees can be linked to the growing interest in Bitcoin Ordinals. These are digital assets, more like NFTs. Their inclusion on the Bitcoin blockchain has increased network activity and, in turn, transaction costs. Meanwhile, Bitcoin trades comfortably over the $37,000 zone and is still the best cryptocurrency.

Ethereum (ETH): Support at $2,000

Following closely behind BTC is Ethereum, which maintains its $2,000 support. It is a solid and cheaper alternative investment to BTC, which makes it more appealing. After all, a BTC will get you about 18 ETH, and you will likely see more returns from holding it than a BTC. Ethereum has been one of the standout players in the final quarter of 2023. It registered impressive rallies, a momentum it is expected to build on. This makes it one of the best coins to invest in.

According to analysts, Ethereum will likely be worth $2,500 before the end of 2023. According to experts, in the first quarter of 2024, it will cross the $3,000 threshold. With significant room for growth, it is one of the best cryptos to invest in. If you don’t have it already in your portfolio, now is a great time to reconsider.

Conclusion

A recap of notable developments in the crypto landscape involves Bitcoin, Ethereum, and InQubeta. A Bitcoin user paid $3 million in transaction fees, while Ethereum trades above $2,000. InQubeta soared past $5.4 million in its ongoing presale, aiming for $6 million next.