Daniel Yan, co-founder of Singaporean crypto services firm Matrixport, strikes again. This time, he warns of an imminent market correction following Bitcoin’s (BTC) rise above $60,000—a level last seen in 2021.
On February 28, via X (formerly Twitter), he wrote, “The sentiment of the market has come to a level where I think we should be cautious.” He believes we might see a healthy 15% correction by the end of April. Luckily, his predictions haven’t always hit the mark. In January, Matrixport warned investors that the SEC may not approve spot Bitcoin ETFs. Today, Bitcoin is the new kid on Wall Street.
With the crypto market on the upside and investors in a frenzy, fueled by Wormhole’s snapshot of an upcoming airdrop and GoDaddy’s integration with ENS, Ripple (XRP) has regained momentum. Holders can be seen heaving a sigh of relief—about time!
At the same time, InQubeta (QUBE), one of the most bullish new ICOs, is nearing $11 million in presale after soaring past $10.6. Gearing up to skyrocket, it is among the best cryptos to buy now.
InQubeta (QUBE): Exceeding Expectations and Primed for Explosive Growth
InQubeta (QUBE) is a subject of much interest after breezing past $10.6 million in presale. The massive participation in the presale isn’t surprising. As an AI altcoin, it is a bullish narrative. More importantly, its novelty and unique concept make it arguably the best new crypto to invest in.
Its solid fundamentals mean it has real-world applications. It intends to reshape the AI market by building the first-ever crypto-based crowdfunding platform for AI startups. Startups can raise funds by minting investment opportunities, which will be represented as equity-based NFTs and offered to investors on its custom-built NFT marketplace.
The token costs just $0.0245 in the eighth stage of the ICO and is tipped for a 65x upswing post-launch. This makes it a recommended presale and a bullish wave not to miss out on. Hop on the train to position yourself for staggering gains.
Bitcoin (BTC): Matrixport Co-Founder Warns of Correction
It has been an exciting week in the crypto space. Bitcoin (BTC), the flagship crypto, hit $63,000 earlier this week, ushering in a fresh wave of enthusiasm and optimism. While most are bullish, Daniel Yan, co-founder of Matrixport, is one of the bears.
On February 28, he took to X, warning investors to be cautious amid the rise in market sentiment. According to him, we might see another healthy 15% correction by the end of April. He believes March could be vulnerable, considering macroeconomics, the anticipated Bitcoin halving, and the Dencun upgrade.
He continued by voicing his uncertainty about which would come first: a new Bitcoin all-time (ATH) or a correction. Nevertheless, he believes long-term holders shouldn’t have sleepless nights over this fluctuation. But for traders, he finished by saying, “Watch March.”
Ripple (XRP): Rise in Momentum
Ripple’s (XRP) upswing took many by surprise, although holders have been praying for this day. While it is one of the top altcoins, it has been the most underwhelming, which can be attributed to its ongoing lawsuit against the SEC.
The uncertainty around its regulatory status puts its future in the balance. However, following the rise in sentiment post-BTC ETF, XRP rallied alongside the overall market, even though it joined the party late. Well, better late than never.
With its upside expected to persist—at least until the bull run continues—it is a good crypto to buy. You can ride this bullish wave by HODLing.
Conclusion
Amid Bitcoin’s surge, Matrixport co-founder Daniel Yan warns of an imminent correction. Riding this bullish wave is XRP, which is regaining momentum after grappling with bearish pressure. At the same time, InQubeta has exploded in its presale, preparing for a 65x jump after its launch.
