Here’s why Render (RNDR) and Near Protocol (NEAR) prices are pumping as InQubeta(QUBE) introduces a novel AI approach

Various AI-focused coins have seen impressive price rises, including Render (RNDR) and Near Protocol (NEAR). These projects have been delivering decent gains to their holders, riding the wave of the AI narrative this bull run.

At the same time, a new AI crypto project called InQubeta is going through a successful presale, having raised over $11.4 million at the time of writing. This project aims to capitalize on the hot AI trend and introduce a novel approach to AI startup investment.

Render (RNDR) price analysis

Following a pump in February, the RNDR price traded sideways, as seen on the RNDR/USDT chart with blue lines in late February and early March, fluctuating between $5.7 and $8. However, the price broke out of this channel last week and entered a “discovery mode,” reaching new highs and all-time highs along the way.

RNDR is currently trading around $12.3, up over 60% last week, making it one of the best-performing major altcoins globally. Its current market cap sits at around $4.7 billion. 

Analyzing the Fibonacci levels, RNDR’s two next big targets sit at $15, which is in line with the 1.618 Fibonacci extension level, and $17.6, which aligns with the 2.618 Fibonacci extension level.

The MACD (Moving Average Convergence Divergence) Line is above the MACD Signal Line, indicating bullish momentum. Additionally, the 200-day moving average indicator, sitting at $3.6, further supports the bullish case for RNDR. 

Across all timeframes (daily, weekly, monthly, 3-months, and 6-months), the Relative Strength Index (RSI) is hovering between 55 and 65, suggesting a healthy uptrend without excessive overbought conditions.

Given the strong technical indicators and the prevailing AI narrative, RNDR could potentially continue its upward trajectory, although profit-taking and consolidation periods should be expected along the way.

Near Protocol (NEAR) price analysis

Near Protocol (NEAR) is pumping hard too, with its price surging over 50% last week and an additional 20% today. NEAR is now trading above $7.1, showcasing impressive gains.

An analysis of the NEAR/USDT chart reveals that NEAR traded in a descending channel from late 2023 until February. However, it then broke out of this channel and, similar to RNDR, entered a ‘discovery mode,’ exploring new price levels.

NEAR now has strong support levels at $6, in line with the 0.236 Fibonacci retracement level, and $5.86, aligning with the 0.786 Fibonacci retracement level. Like RNDR, the MACD Line is above the MACD Signal Line, indicating bullish momentum. Across all timeframes, the RSI is between 70-75, suggesting an overbought condition, though not excessively so.

The 200-day moving average for NEAR stands at $2.3, highlighting the significant upside potential. With the current momentum and the AI narrative fueling its rally, NEAR could potentially target the $10 level next, although its all-time high of $19.5 (set during the 2021 bull run) remains a distant but achievable target.

InQubeta: A new AI crypto project on the rise

InQubeta is a platform aiming to capitalize on the hot AI narrative by democratizing AI investments through a crypto crowdfunding ecosystem. The project is currently undergoing a successful multi-month presale, having raised $11.4 million at the time of writing. The current presale price is 0.0245 USDT per QUBE token, with the next stage price set at 0.028 USDT.

InQubeta aims to make AI investments accessible by introducing the first crypto crowdfunding platform for fractional AI startup investment using QUBE tokens. The ecosystem revolves around QUBE, which are deflationary ERC20 tokens that redefine AI startup funding and community engagement. These tokens feature a 2% transaction tax for a burn wallet and a 5% sell tax for a reward pool, allowing holders to earn rewards via staking.

At the core of InQubeta’s strategy is an NFT marketplace where AI startups can mint NFT investment opportunities that can be fractionalized, accommodating flexible investor participation through blockchain and smart contracts. This approach benefits both AI startups and investors: startups can access fresh funding via reward and equity-based NFTs, while QUBE token holders can easily invest in projects they believe in, fostering a symbiotic ecosystem.

Furthermore, QUBE tokens empower holders as governance participants, allowing them to propose, discuss, and vote on enhancements, shaping the platform’s evolution. This governance aspect adds an additional layer of community involvement and decentralization to the InQubeta ecosystem.

????Token #vesting at Inqubeta spans 12 weeks, ensuring a steady token release for stability and transparency.

????With this approach, we build trust and confidence in $QUBE as a reliable #AI investment.

????Join us for a sustainable #investment journey!

— Inqubeta (@Inqubetahq) March 9, 2024

Conclusion

All in all, the crypto market is witnessing a surge in AI-focused projects, with RNDR and NEAR leading the charge and delivering impressive gains to their holders. At the same time, InQubeta is positioning itself as a novel player in the AI investment space, aiming to democratize access to AI startup funding through its crypto crowdfunding ecosystem and fractionalized NFT investment opportunities.
While the AI narrative remains a driving force in the current bull run, it’s essential for investors to exercise caution and conduct thorough research before making any investment decisions.

For all things InQubeta you can visit InQubeta Presale Site.