Following the SEC decision on Bitcoin ETFs, optimism is high regarding the approval of Ethereum ETFs. However, the SEC moving the deadline to approve or deny Fidelity’s and BlackRock’s ETF applications to March has stirred up quite a buzz. Nevertheless, the Ethereum community is quite excited about the growth of the ecosystem, particularly EigenLayer’s security solution.
EigenLayer is a solution developed on the Ethereum network, aiming to bolster blockchain security. It allows the restaking of Ether holdings, thereby enhancing the network’s overall security as well as that of other protocols. This new and promising narrative has been the talk of the crypto community.
At the same time, analysts are bullish on Cardano (ADA) and InQubeta (QUBE), two bullish plays. According to forecasts, these top altcoins will experience massive jumps, making them altcoins to watch out for.
InQubeta (QUBE): Anticipated Massive Jump
InQubeta (QUBE) is one of the most bullish altcoin players right now. Analysts’ vote of confidence further cements its status as the best new crypto to invest in.
In the seventh stage of the ICO, a token is priced at just $0.0224. According to analysts, it will experience a significant price jump after its launch—as much as 4,000%. Hence, if you have yet to look into it, this is a great time to do so.
Its innovative concept is another key part of its appeal. It aims to reshape the burgeoning AI sector, especially the fundraising landscape, and make the market more accessible to investors. To achieve this, it will build the first Web3 crowdfunding platform that will allow AI startups to raise capital through crypto as well as an NFT marketplace.
Ethereum (ETH): EigenLayer’s Security Model
The ETF impact on crypto prices is evident in the rise of Ethereum (ETH), as it soars in anticipation of approval from the US SEC. Meanwhile, a new narrative has emerged in the Ethereum ecosystem – the EigenLayer solution.
EigenLayer’s innovative approach to enhancing Ethereum’s security lies in the concept of Ether restaking. This strategy empowers users to simultaneously stake their ETH on the Ethereum network and various other protocols. By doing so, users actively contribute to bolstering the security of not only Ethereum but also other projects within the network.
This model aims to revolutionize the way protocols are launched on Ethereum and also address inherent risks. Through restaking, EigenLayer achieves a dual-purpose security model, which is already taking the crypto world by storm. While still in its early stages, it has been gaining significant attention and funding, making it a new narrative to watch out for.
Cardano (ADA): A Compelling Investment
Cardano (ADA) has been experiencing a rise in momentum. Hence, it comes as no surprise that it has been tipped as one of the best coins to invest in. Its massive upside potential, considering its low price, is also worth mentioning, making it one of the most compelling investments.
At the same time, analysts’ price outlook is bullish. According to their forecasts, Cardano will soar past $2 in the coming months, making it one of the most promising plays you can partake in at the moment.
Its institutional adoption and rise in demand for its DeFi solutions will contribute to this surge in value. In order not to miss out on its anticipated rally, now is a great time to add Cardano to your crypto portfolio, if you haven’t already.
Through restaking, EigenLayer aims to boost Ethereum security. Meanwhile, analysts’ top picks are currently InQubeta and Cardano. According to their predictions, these are the best cryptos to buy now, as they are poised to skyrocket. To participate in the InQubeta ICO, click the link below.