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Fetch.ai (FET) was one of the best cryptos to invest in last year, as prices grew 671%. FET is now hovering around $0.70, less than 25 cents away from its all-time high of $0.94. 2024 is projected to be a good year for cryptocurrencies thanks to the exponential growth Bitcoin (BTC) is expected to enjoy as the likelihood of an exchange-traded fund getting approved grows and its next halving event draws closer.
Fetch.ai's link to artificial intelligence (AI) was one of the factors that drove up FET prices in 2023 and more capital should flow to the project as investment capital directed at AI grows exponentially.
InQubeta (QUBE) is another AI-focused project that has emerged as one of the best cryptos to invest in. The new DeFi project aims to make AI investments easier to access by providing an alternative to mainstream channels. QUBE prices rose 175% last year as its presale raised over $7.8 million. 2023 was also an excellent year for VeChain (VET) investors as token prices surged by 122%.
InQubeta's growth potential is already being compared to Bitcoin's historic growth pattern because of the inventive solution it provides to people who don't have access to traditional investment avenues, its tokenomics, and the exponential growth the AI industry is expected to enjoy in the next several years.
Conventional investment firms often have requirements that disqualify a large fraction of the global population from using their services. For example, some firms have minimum deposits, which bar lower and middle-income people from using their services. With InQubeta, anyone who wants to invest in AI can seamlessly do so on its Ethereum-launched ecosystem.
QUBE is currently priced at $0.01925, and its supply is capped at 1.5 billion. That means InQubeta would only need to grow a $1.5 billion market share for QUBE to cost about a dollar. 100x growth isn't out of the picture for InQubeta in 2024.
The exponential growth of the AI industry should also help to push QUBE prices upward. An excess of $120 billion is currently invested in AI, and that number is projected to surpass $1.5 trillion in the next several years. This sets QUBE up for exponential growth in the coming years as it helps to advance AI by providing an alternative way for companies focused on the technology to raise capital.
ERC20 coins are the new stocks in the InQubeta ecosystem, and AI startups make and fractionalize these tokens. Investors can partner up with AI firms by buying these tokens on the NFT marketplace with QUBE. They can also choose to invest in the project by holding on to QUBE or, better yet, staking their holdings to earn more QUBE.
Fetch.ai has a lot of momentum behind it right now, and it's poised for another phenomenal year. Another bull run inspired by BTC's growth could send FET to a new all-time high.
Fetch.ai aims to democratize access to artificial intelligence by providing automated bots that process large volumes of data and negotiate on behalf of users based on set parameters. These bots have many uses, from decentralized finance to online shopping.
VeChain didn't enjoy as much growth as InQubeta or Fetch.ai this year, but the project closed out the year with more momentum, with prices surging 62% in December. Price charts remain bullish, and there's a good chance it will enjoy considerable growth this year if BTC price predictions come true.
QUBE, VET, and FET are three of the best cryptos to invest in right now, as all three will likely enjoy exponential growth. QUBE has the most growth potential, given there's a strong possibility prices could grow as much as 100x.
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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.
