The cryptocurrency market is a dynamic place where fortunes are created and busted in a matter of a few hours. It's also difficult to see which cryptocurrency might be headed for the next rally.
A veteran investor who had earlier predicted 10x growth for Injective (INJ) has now set their eyes on InQubeta (QUBE). The Ethereum-based crowdfunding platform has been designed for AI startups hit by a fund crunch.
Many analysts are on board with the investor's shift in loyalty. They suggest InQubeta has the potential to outperform coins like Polkadot (DOT) as it's one of the best new ICOs. Till now, InQubeta has raised over $12 million in presale funding.
InQubeta is a startup-centric platform that facilitates fundraising for AI projects. For all transactional purposes, rewards, and tax payments, InQubeta's native cryptocurrency, the QUBE token, is used.
The QUBE token has a deflationary model which helps it post steady returns even when the market flow isn't optimum. At times when inflation or volatility is high, the model reduces the availability of the top altcoin and makes it harder for buyers to obtain the asset. The action pushes up the value of the QUBE token and keeps up investors' confidence in its potential.
The token burn mechanism comes in handy when dealing with internal inflation as well. If there are too many QUBE tokens being sold or bought, there may be some inflation due to higher tax proceeds. To avoid such situations, 1% of the taxes collected from every transaction are burned.
InQubeta employs a decentralized autonomous organization (DAO) model for governance where token holders make the decisions. If a proposal for a new feature or a protocol upgrade is pitched, community members first review it and then put it to a vote.
Token holders vote according to what they feel about the proposal. By consulting all stakeholders, InQubeta ensures that the protocol does not undergo unnecessary changes.
Over the next few months, InQubeta fans will be able to see multiple new features added to its ecosystem. One of the most talked about initiatives is InQubeta's staking dApp. Slated to be launched in the coming months, the dApp will allow more people to explore InQubeta's staking service.
Startup owners can also take advantage of the marketing services provided by the InQubeta team.
There are also reports that the InQubeta team is looking to get the QUBE token listed on centralized exchanges.
Injective is a decentralized platform that empowers businesses and financial institutions by enabling them to use blockchain for growth.
It also provides key integrations for deploying dApps. The platform's native token INJ is the official medium of exchange within the Injective ecosystem.
Regarded as one of the best cryptos of 2024, Injective was recently in the news after it announced that it would be integrating its inEVM with Pyth Price Feeds.
The move will enable developers to access 450 data feeds in real-time. inEVM, which was rolled out on the main net recently, is a type of rollup that improves the concurrent development of virtual machines.
Polkadot is a cutting-edge platform that allows hassle-free transfer of data and crypto assets through a network of sovereign chains. These blockchains are called parachains and they are interoperable. With its growth potential, Polkadot's native token DOT has been able to outperform several new altcoins.
In a recent development, Polkadot launched a software development kit (SDK) for its gaming engine. The kit would enable developers to use the Unity tool and create new solutions with Polygon blockchain. The SDK was released on March 14, 2024, and would facilitate the creation of games and improve user experience.
As the investor sentiment post-BTC ETF remains high, tokens like InQubeta, Polkadot, and Injective have been among the top gainers. The three crypto projects have ushered in a new era for the DeFi sector by opening it up to different user groups.
While Polkadot is a developer-friendly platform, InQubeta and Injective are helping startups and businesses explore the capacity of blockchain to drive growth.
The three cryptocurrencies sport a commonality — their robust security mechanism. Their security structures evoke more confidence in people and encourage them to hold them for the long term.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.