The recent upward swing in Ethereum’s prices has analysts looking at the altcoin with newfound respect. Several analysts feel that ETH can potentially extend this price rally well into 2024.
Apart from Ethereum, another top altcoin that has snagged analysts’ attention is InQubeta (QUBE) which is a decentralized platform for raising funds for artificial intelligence-based startup projects.
The unique model pioneered by InQubeta can open up new opportunities for not just startups but crypto users as well.
On top of that, its presale growth has been nothing short of spectacular. Currently in its fifth presale stage, InQubeta’s ICO has so far raised $4.5 million.
InQubeta: Expanding the potential of the AI ecosystem with DeFi
InQubeta is among 2023’s top crypto coins which has garnered a lot of praise for its cutting-edge features. InQubeta is pioneering the cause of both AI as well as DeFi as it enables both technologies to drive impactful changes.
While startups get ample funding to achieve their dream projects, crypto users can attain financial freedom through their investments. The platform has a native cryptocurrency called the QUBE token which takes care of all transactions and payments. All rewards given out by the team are also in terms of this token.
With a supply of 1.5 billion, the QUBE token makes for a reliable cryptocurrency that is both versatile and functional. Around 65% of the supply is allocated for the presale process which is currently in progress.
It has a deflationary model which means that token holders’ returns are protected even when markets are volatile or reeling under inflation. A deflationary model regulates the token supply in a way that it is always less than the demand and hence, the asset’s price isn’t affected as much in a market downturn.
If the supply is more than the demand at any point in time, it is reduced by burning all additional tokens.
The transparency and fairness of InQubeta’s model is one of the reasons why analysts consider it a good crypto to buy. Its model caters to the needs of both startups as well as investors with a hassle-free mechanism where no unnecessary formalities are required.
The only thing that startups need to ensure is that they have a rewards-based offer for investors. These offers are tokenized into NFTs and represent what the startups are seeking and what investors can get in exchange for their funding.
These NFTs are made available on an online marketplace where investors can compare and buy them with their QUBE tokens. That’s not all – these NFTs can be split into smaller assets which makes it easier for budget-conscious investors to invest in startups.
Stratis unveils Ethereum-based Layer 1 blockchain
Ethereum is among the best altcoins to buy now as it has a decade’s worth of stellar performance to testify to its potential. The open-source blockchain is a versatile solution that powers a wide range of decentralized solutions including cryptocurrencies, virtual machines, dApps, and NFTs.
Its native token is ETH and it’s used for various transactional purposes on the network and is among the top-performing altcoins on all leading exchanges. Though Ethereum was initially leveraging the proof-of-work consensus algorithm, in 2022 it migrated to the proof-of-stake protocol via ‘The Merge’ upgrade which spanned months and is more sustainable.
Many analysts have forecast a huge price surge for Ethereum in the long term as it is backed by many interesting utilities and has seen huge adoption in the past few years.
What stands out about Ethereum is that it has aced the deployment of smart contracts on blockchains. Another key offering of the platform is the Ethereum Name Service which is an extensible naming system.
It’s like a full-fledged domain name service for Web 3.0 solutions. The service does away with the problem of convoluted crypto addresses and assigns names to decentralized platforms that can be read by humans identified by machines.
In a recent development, blockchain development company Stratis rolled out a Layer 1 blockchain powered by Ethereum. Named StratisEVM, the blockchain would leverage the expertise of developers associated with the Ethereum ecosystem while retiring the current version of the Stratis blockchain.
Conclusion
When it comes to the best crypto investments of 2023, Ethereum and InQubeta are among the most recommended names by analysts.
The two tokens represent the best of DeFi technology and how it can drive financial inclusion on a global scale. While Ethereum powers a wide array of decentralized systems, InQubeta empowers AI startups in building a foundation for future success.
However, buyers must do their own research before making an investment.
