If anyone had any doubts about the prospects of Solana (SOL) and Ethereum (ETH) they were promptly laid to rest after former Goldman Sachs executive Raoul Pal recently predicted a bullish future for them.
Meanwhile, InQubeta (QUBE) has been named one of the best crypto investments of 2023 after a massive surge in investor interest. The platform was rolled out in 2023 and it helps startups working with artificial intelligence (AI) to find backers for their projects.
Its presale funding, which currently stands at $7.6 million, has also boosted its popularity among crypt users.
InQubeta: How DeFi can boost AI innovation
InQubeta is a platform created to streamline fundraising for startups. With its hyper-efficient model that’s powered by Ethereum, these companies can innovate with AI without any worries. InQubeta also democratizes the startup investment space by letting people from all walks of life participate.
Its native cryptocurrency is called the QUBE token and it’s used for processing all payments. The token is built on the ERC-20 standard and it has a deflationary character which comes in handy for shielding portfolios against inflation.
Its potential for earning passive income via staking is another reason that makes it a good crypto to buy. In staking, tokens are locked with the approval of the owners and they support the platform’s growth. In return, the token owners get rewards for as long as their assets are locked. It enables one to earn without losing ownership of the asset.
It is also a deflationary token whose availability is always kept less than the demand. When inflation is high, the limited supply keeps the prices stable. If there is an uptick in supply, the excess tokens are burnt.
Similarly, the InQubeta team burns a part of the tax proceeds to curb internal inflation. A small tax is levied when a QUBE token is bought or sold. The majority of the proceeds are used for funding marketing campaigns and keeping the rewards and liquidity pools in prime position. A small part of the taxes, however, are burnt to keep the token supply in check.
InQubeta’s governance structure pivots around the QUBE token as its holders are the decision makers for the platform. If a community member suggests a change in the InQubeta protocol, it won’t be implemented until all token holders approve it.
The approval is sought through a voting process where token holders use their voting rights. A proposed change will be implemented only if all token holders approve it.
Why minting compressed NFTs on Solana is more cheaper
Considered to be one of 2023’s top crypto coins, Solana is a decentralized platform offering developer-friendly tools. These tools can be leveraged for deploying dApps, NFTs, and DeFi solutions, among others. Its native token is SOL.
Solana unlocked a new milestone in December with state compressions – a data structure announced in April 2023. State compressions was an experiment that enabled dApps to store smart contracts data on the blockchain.
The experiment was praised because of its ability to lower transaction costs. It also paved the way for minting compressed NFTs at cheaper rates.
Seven months later, when Solana released data on the cost of using compressions, it was found that to create 1 million compressed NFTs on Solana, a developer would have to pay just $247.80. The figure is considerably less when compared to the cost of minting 1 million regular NFTs on a blockchain like Polygon.
Ethereum co-founder hints at PoS overhaul
A leading blockchain technology, Ethereum’s key USP is its versatility. It can be used for deploying dApps, blockchains, rollups, cryptocurrencies, and NFTs. Its native token is ETH.
Recently, Ethereum was in the news after its co-founder Vitalik Buterin proposed a major overhaul of its proof-of-stake (PoS) algorithm.
Ethereum was initially leveraging the proof-of-work protocol for validating transactions. In 2021, it switched to the PoS protocol in a months-long software upgrade which was called ‘The Merge’.
Buterin’s suggestion marks a shift in Ethereum’s regular strategy for handling validator signatures.
Conclusion
Given how they have been rising consistently, InQubeta, Solana, and Ethereum are among the best altcoins to buy now. As the crypto market expands its reach, these three tokens are well-positioned to drive impact globally.
Their rise to the top was aided by their user-friendly model which made tasks like deploying dApps, blockchains or even investing in startups a hassle-free experience. If you are looking to gain from a diversified portfolio in 2024, these three tokens can be accumulated for the long term.
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