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QUBIC, the native token of the L1 blockchain Qubic, has surged by 21% in the last 24 hours as analysts predict a 1000x potential rise in an anticipated altcoin season.
At the time of writing, QUBIC is trading at $0.000007 with a 24-hour trading volume of 2.60 million, up 84.5% as per data by CoinMarketCap. The asset has a market cap of $616.33 million.
Qubic is an open-source, community-driven project focused on developing artificial intelligence (AI) infrastructure through a decentralized network.
Led by founder Sergey Ivancheglo, the platform introduces novel concepts like useful-Proof-of-Work (uPoW) and Quorum consensus to empower global innovation. At its core is Aigarth, an advanced AI system that leverages billions of neural networks to mimic human brain complexity.
Qubic’s unique approach to Initial Public Offerings (IPOs) democratizes investment in blockchain technology, allowing users to directly invest in smart contracts and earn passive income.
The latest surge in the QUBIC token comes as a Braver Crypto, a noted trader on X, recently expressed a highly optimistic view on QUBIC, the native token of the Qubic blockchain.
In a May 6 X post, the trader highlighted the token’s remarkable growth, noting that its value was just $350 per billion with a market cap of $18 million just seven months ago.
The analyst anticipates a potential increase to a staggering 1000x, reaching $350k per billion (or $0.00035 per token).
Further in his tweet, Braver Crypto elaborated on several positive developments and expectations surrounding QUBIC that might fuel its projected surge. He mentioned that the altcoin market is expected to turn bullish again soon, which would benefit the token.
Additionally, the token is initially slated for listings on GATE CEX, followed by more listings on other centralized exchanges (CEX). The launch of QX DEX and the introduction of the first meme token, CFB, were also announced.
Moreover, Braver Crypto touched upon significant potential partnerships and integrations that could drive QUBIC’s value, including inevitable listings on the blockchain-based advertising solutions platform, XCHNG, and collaborations with major corporations like Microsoft and HSBC at the QUBIC Asia event.
The integration of AIgarth L2, which has reached a level of intelligence comparable to human intelligence, and the introduction of a feeless system with inevitable token burns further bolster the bullish outlook for QUBIC, as per the analyst.
Braver Crypto concluded by forecasting a 2000x return on investment from the initial $350 per billion buy-in by the end of the present bull market.