In the race to become the best crypto of 2023, Solana (SOL) stole a march over Binance Coin (BNB) after it crossed $110. The decentralized platform had a stellar year after it unlocked multiple achievements.
The Render Network (RNDR) and InQubeta (QUBE) were among the other tokens that were on the list. While the Render Network makes GPU-based rendering services more accessible, InQubeta assists startups in finding investors for AI-based projects.
InQubeta started 2023 on a positive note and ended it by becoming one of the best new ICOs of the year. Its current presale funding stands at $7.9 million.
InQubeta: Grooming empowered AI startups
InQubeta is a decentralized platform designed to make crowdfunding a hassle-free experience for startups. Its native cryptocurrency is the QUBE token, and it’s used for all payments on the network.
Analysts have predicted a potential 195% surge for QUBE as it has a unique utility and could revolutionize the AI sector.
The QUBE token has a deflationary model, which makes it a good addition to your portfolio. The feature protects a token’s returns when inflation is high. When the market is volatile, the QUBE token is made scarcer. So, the price doesn’t fluctuate, and the demand stays high.
Any increase in supply is reversed by burning additional tokens.
This top altcoin can also be staked. Under staking, an asset is locked in a liquidity pool with the approval of the owner. For as long as the token is locked, the owner earns staking rewards. These rewards are distributed from a pool that is maintained by tax collections.
InQubeta has designed a decentralized process for making key decisions. Any protocol change suggested by a community member first has to be vetted by others and then put to a vote. Token holders participate in the process as they get voting privileges.
Using these special rights, they can rule out unnecessary changes to support the optimal development of the platform.
Investors can access opportunities via InQubeta’s NFT portal, where tokenized offers by startups in need of funds are sold. These offers stand for all perks or rewards that the investor will be eligible for.
The NFTs can be divided into smaller parts to make them more budget-friendly. Buyers can compare and buy an NFT or a part of it with QUBE tokens.
Solana sees more Google searches than Ethereum
Solana is a leading Web 3.0 platform where one can find tools for building decentralized infrastructure like dApps and NFTs.
The platform offers advantages like high throughput, scalability, and security over other popular networks. Its native token is SOL.
The blockchain’s popularity reached new heights after it outperformed established names like Ethereum and Binance Coin on various parameters, including trading volume and exchange balances. Between December 17 and 23, 2023, Solana’s Google searches crossed that of Ethereum for the first time. According to reports, Solana’s search interest score was 56 as compared to Ethereum’s 50 during the period.
Binance’s user base expanded by 30% in 2023: Report
Binance Coin is often considered one of the best cryptos in the market due to its multifaceted model. Binance Coin (BNB) is used as the native cryptocurrency of the leading exchange Binance. The blockchain network behind Binance Coin powers crypto tokens and NFTs.
The popular crypto exchange recently announced that its user base rose by 30% in 2023.
The announcement was made by Binance CEO Richard Teng, who said the development comes amidst robust net inflows and a spike in the number of new users.
The Render Network implements mint and mint-and-burn model
The Render Network is a decentralized platform offering GPU computing power for rendering 3D art. Its native token is RNDR and is widely hailed among the best cryptos by experts.
The RNDR token has witnessed a huge rise in the past and could potentially register 195% gains in the future as enterprises adopt the network globally.
The Render Network Foundation recently implemented a mint-and-burn equilibrium model after it cleared a community vote. The model would enable users to pay for rendering and AI services on the blockchain with the RNDR token.
Conclusion
Despite the onslaught of upcoming new altcoins, analysts feel that Solana, Binance Coin, the Render Network, and InQubeta are among the names that will largely remain unaffected due to their growth and offerings.
These four tokens posted strong growth last year and have outperformed several established digital assets.
They are supported by utility-focused features that enable crypto users to become financially independent. For anyone looking to diversify their crypto portfolio in 2024, the above-mentioned four tokens can be a good addition.
Tags: Crypto News, Insights