If you are setting your eyes on bigger gains in 2024, there are a lot of options to choose from. As per veteran analysts, InQubeta (QUBE), Polygon (MATIC), and Kaspa (KAS) are expected to grow by 100x in the New Year.
While people are not particularly surprised with the predictions about Kapsa and Polygon as they are well-known names, InQubeta has caused a flurry because it is still in the presale stage.
1. InQubeta: The one-stop funding destination for AI startups
InQubeta is a decentralized platform designed for startups working to build the future of AI. The platform enables crypto users to be a part of this AI revolution and invest in innovative projects.
The Ethereum-based platform helps AI startups raise funds by connecting them with investors. InQubeta is also being called one of the best new ICOs of the year after its presale funding recently crossed $5.2 million.
The InQubeta ecosystem is built on a fair mechanism that connects startups with authentic investors and helps the latter access never-before-seen projects. Its native cryptocurrency is the QUBE token which is the main form of payment within the InQubeta ecosystem.
The ERC-20 cryptocurrency plays an important role in running the platform. Its role is not limited to transactional purposes, and it even supports governance and promotion of the platform.
With a total availability of 1.5 billion, the QUBE token can be bought on presale. However, only 65% of the supply will be used for public sale. The remaining tokens are spread out between funding marketing campaigns, maintaining liquidity, paying legal advisors, and rewarding stakes, among other uses.
The top altcoin has a deflationary model, so its holders don’t have to worry about losing their returns to market volatility or inflationary factors. The model works to keep the token supply lower than what’s demanded in the market.
The scarce supply will minimize price fluctuations while controlling internal inflation. If the supply rises beyond a predetermined level, the extra tokens are burned or destroyed.
The QUBE token plays a central role in the governance of the platform where token holders get special rights to make decisions in the best interest of the platform.
If a community member comes up with a suggestion or proposal for a protocol change, it’s discussed among other members and then put to a vote. As token holders have special voting rights, they use the privileges to decide if the proposed changes are worth implementing or not.
Despite being among the new altcoins of 2023, InQubeta has created a niche for itself with its transparent model. The fairness of the mechanism ensures that both startups and investors go home with mutually beneficial opportunities for growth.
There is no unnecessary documentation or formalities and there’s a strong security framework to eliminate malpractices. Startups can begin raising funds on InQubeta after they submit a rewards-based offer.
The offer informs the investor what they can expect in exchange for investing in a startup’s project. These offers are tokenized and converted into NFTs. Investors can compare these offers and buy them at InQubeta’s online marketplace.
The fact that these NFTs can be fractionalised makes InQubeta a budget-friendly platform for crypto users. Hence, investors have the option of either investing in the entire project or a part of it.
2.Polygon processes 16.4 million transactions: Co-founder Sandeep Naliwal
Polygon is a decentralized platform for scaling Ethereum-based dApps with solutions leveraging zero-knowledge technology. The platform’s native cryptocurrency is MATIC and many long-term holders are busy adding more as it is expected to post potentially huge returns in 2024.
The platform was recently in the news after Polygon co-founder Sandeep Naliwal announced that Polygon network processed more than 16.4 million transactions on November 16, 2023. Nailwal said that despite the high volume of transactions, there were no snags in the network’s performance.
3. Kaspa: Leveraging the potential of the GHOSTDAG protocol
Developed as a proof-of-work protocol, Kaspa is a new-age cryptocurrency that doesn’t orphan parallel blocks and can process faster transactions.
By implementing the GhostDAG protocol, the cryptocurrency allows parallel blocks to not just co-exist but to be arranged in consensus. Its native cryptocurrency is the KAS token. The platform offers a high block rate and takes nominal time to confirm transactions.
Kapsa is another cryptocurrency that has gathered many long-term holders recently due to its successive bull rallies. Analysts are backing KAS as the next top altcoin in 2024.
Conclusion
Counted among the best cryptos of 2023, InQubeta, Polygon, and Kaspa are cutting-edge cryptocurrencies that can both diversify portfolios and deliver potentially handsome long-term gains.
Their growth potential combined with their utility-centric features makes them some of the top opportunities that the crypto market has on offer. Buyers should always diversify to ensure maximum gains and reduce long term risks.
Tags: Insights