Summary: Bitcoin and several altcoins, including XRP, Litecoin, and Shiba Inu, are experiencing a decline in prices, leading to concern among investors, while AI-based tokens like InQubeta and Borroe offer potential investment opportunities in the crypto market.
Analysts predict that several cryptocurrencies, including InQubeta, Polygon, NEAR Protocol, Sei, and Hedera, have the potential to grow by 1500% in 2023, with InQubeta standing out due to its unique platform that connects AI startups with investors and its impressive growth in the presale stage.
Collapsed crypto exchange FTX's new management is potentially planning to sell its large holdings of Solana (SOL) cryptocurrency, prompting Solana co-founder Anatoly Yakovenko to suggest distributing the SOL to ex-FTX customers as a "win-win" solution.
Venture capitalist Chris Burniske believes that Solana (SOL) has the potential to outperform Ethereum (ETH) in the next risk expansion in crypto markets due to its lower transaction fees, higher throughput, and recent performance in the SOL/ETH pair.
Interest in altcoins may have waned, but Solana remains the most loved altcoin amongst investors, with $700,000 invested in it over the past week and $26 million year-to-date inflows.
FTX, the failed crypto exchange, owns $1.16 billion worth of Solana (SOL) tokens, which represents over one-third of its total liquid crypto portfolio.
Crypto investors are discussing their favorite altcoins that have the potential to make them "incredibly rich," with coins like DeFiChain, Solana, Shiba Inu, and Ethereum being mentioned among others.
Despite a recent surge, Solana (SOL) is still in a downtrend according to an analyst, who warns that the cryptocurrency's rally has consistently resulted in lower highs. The analyst suggests accumulating SOL below $20, and highlights the impact of bankrupt crypto exchange FTX's liquidation of its massive Solana holdings on SOL's price. Another investor remains long-term bullish on SOL despite FTX's holdings, noting that all coins have flaws and continue to reach new all-time highs.
Bitcoin holds above $27,000 as U.S. rates traders predict that the Federal Reserve will maintain borrowing costs, Solana's SOL and ether experience slight gains, FTX sues founder's parents for fraudulent transfers and misappropriated funds, and a new $60 million fund called Oak Grove Ventures focuses on Web3, AI, and biotech.
