The native token of the L1 blockchain Qubic, known as QUBIC, has experienced a significant 21% increase in value over the past 24 hours. Analysts are optimistic, projecting a potential 1000x growth during an upcoming altcoin season.
Currently, QUBIC is being traded at $0.000007, with a 24-hour trading volume of 2.60 million, marking an 84.5% increase based on CoinMarketCap data. The total market cap of the asset stands at $616.33 million.
Qubic is a community-driven open-source project that focuses on building artificial intelligence infrastructure through a decentralized network. Lead by Sergey Ivancheglo, the platform introduces innovative concepts such as useful-Proof-of-Work (uPoW) and Quorum consensus to drive global innovation. Aigarth, at its core, is an advanced AI system that uses billions of neural networks to replicate human brain complexity.
Unlike traditional Initial Public Offerings (IPOs), Qubic democratizes investments in blockchain technology, allowing users to directly invest in smart contracts and earn passive income.
The recent surge in the value of QUBIC follows a positive outlook from Braver Crypto, a prominent trader on X. Braver Crypto expressed optimism regarding the potential growth of QUBIC, which was valued at just $350 per billion with an $18 million market cap seven months ago.
Anticipating a potential increase of 1000x, leading to a value of $350k per billion (or $0.00035 per token), Braver Crypto highlighted various positive developments expected to push QUBIC forward. Among these factors is the optimistic outlook for the altcoin market and expectations for bullish momentum, benefiting QUBIC in the process.
Furthermore, QUBIC is set to be listed initially on GATE CEX, with plans for additional listings on centralized exchanges (CEX) in the future. The launch of QX DEX and the introduction of CFB, the first meme token, were also announced.
In conclusion, Braver Crypto forecasted a 2000x return on investment from the initial $350 per billion buy-in by the end of the ongoing bull market.
