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The year 2023 started on a good note for the global cryptocurrency market and the industry has managed to maintain its impressive performance throughout the first quarter. The cherry on the cake seems to be the slew of new cryptocurrencies launched in the past few months. Some of them, like InQubeta, have been rated among the best new icos of 2023 because of their next-generation features.
InQubeta is a state-of-the-art decentralized platform where startups working with artificial intelligence can seek funding opportunities from potential investors. Investors can look forward to accessing projects that leverage the best innovation in the field of AI. Powered by Ethereum, the platform is making strides by offering both parties mutually beneficial opportunities. In addition, it's well-placed to drive innovation and catalyze the decentralized finance ecosystem. The following list features five other cryptocurrencies which, like InQubeta, are being rated as the altcoins to watch out for in 2023.
InQubeta is a platform where AI startups can score authentic fundraising opportunities from genuine investors. The investors also get to be part of AI innovation and explore opportunities that leverage pioneering technologies like AI. The native cryptocurrency is known as QUBE which has been deployed on the Ethereum network.
The QUBE token can be bought by participating in the presale process which comprises nine stages and an additional beta stage. As the price of the token will increase with each stage, the sooner you get your hands on the token the better. For instance, the token is now in Stage one and worth $0.00875, but by stage two it will rise to $0.0098 and continue rising until launch. All purchased tokens will have a vesting period of 12 weeks.
The versatility and functionality of the QUBE token have propelled its popularity to such an extent that leading analysts are now including the coin in their best cryptocurrency ico lists for 2023. The token is a deflationary cryptocurrency which means that you don't have to worry about your returns being affected by price fluctuations. Also, QUBE token holders get voting rights which they can use to vote for a proposal floated by a community member. Token holders are also eligible to move a proposal themselves.
The startups interested in exploring funding opportunities on InQubeta would first have to upload an NFT on the NFT marketplace. These NFTs would represent a reward like an equity share in the company that the investors would get in exchange for investing in the company. The investors can assess the opportunity represented by the NFT in the NFT marketplace. If they are convinced, they can pay for it using the QUBE tokens and the proceeds would then be transferred to the startup.
DigiToads is a hybrid cryptocurrency as it sports features of three different crypto models — a meme coin, a play-to-earn game, and a staking portal. It's an ideal opportunity for anyone looking to learn cryptocurrency trading for beginners as one can stake assets, trade coins, win crypto coins in Web 3.0 games, and enter trading competitions on the same platform. The platform has a native token called TOADS which is the primary cryptocurrency of the network.
One of DigiToads' most popular features is its monthly trading competitions where community members compete to book the highest trade volume in a month. The winner gets a share of the profits they booked and a chance to learn treasury management from the DigiToads team. After an initial training period, the winners would be helping the team in managing the treasury every day.
Filecoin is a top altcoin where one can store data and assets seamlessly using its cloud computing-based storage marketplace. The blockchain layer has carved a niche for itself in the DeFi market by solving the problem of inefficient file storage and retrieval facilities. With Filecoin, one can access an efficient set of tools that can store your data and assets securely. The platform has released a native token called the FIL token that powers all transactions on the network. Users pay for the services availed on Filecoin with the token and miners use the FIL coin as collateral to guarantee their services as validators of the network.
Many developers seem to prefer Filecoin as it allows them the creative freedom to create custom storage services like iCloud or Dropbox. Anyone can onboard the platform and start storing their data or earn by providing space for another user's assets or data. The platform allows users to become custodians of their data and make Web 3.0 storage services more accessible. As activities like mining FIL tokens and storing data or assets are directly related to the quantum of rewards that a user will earn, the functioning of stakeholders is very transparent.
Internet Computer is one of the best cryptocurrencies to buy today if you are someone who likes to explore technology-centric crypto coins. The blockchain was developed by the Dfinity Lab in 2022 and it enables developers to deploy dApps with higher computational and data storage efficiency. The blockchain also has a native token called ICP and it is the main cryptocurrency of the network.
The blockchain runs on a network of computing devices that are compatible with several computing standards. These computing devices are called node machines. The majority of proof-of-stake blockchains are currently hosted by validator nodes that are powered by cloud computing services. The Internet Computer, on the other hand, is hosted entirely by node machines which are maintained by independent data providers. The node machines are connected via the Internet Computer blockchain. What's more, the blockchain has a governance system that can remove or eject node machines if they fail to generate ample blocks and keep up with the network speed.
Many developers refer to the Internet Computer as a world computer as many of its features can drive global impact. For instance, the network can function as a Web 3.0 enabler where Web 3.0 platforms can leverage the blockchain to tackle privacy issues linked with social networks. Sometimes, social media networks might pose privacy challenges like sharing sensitive information or overwhelming the user with advertisements. With Internet Computer, social media users can log in cryptographically with their Face IDs or fingerprint sensor. They can also share media and store files at a higher speed.
NEAR Protocol is a Layer 1 blockchain that supports the creation of high-end and scalable dApps. NEAR Protocol equips developers with cutting-edge tools that remove challenges like low transaction speeds, lower throughput, and lack of interoperability between networks. With such challenges removed, developers get a conducive ecosystem for deploying dApps with user-friendly interfaces. For example, with NEAR Protocol, developers can leverage human-readable account names which is unlike other blockchains where cryptographic wallet addresses are common. Next, the platform offers unique solutions to problems faced while scaling a dApp and even has its consensus algorithm 'Doomslug'. Its native token NEAR is the main cryptocurrency on the network.
The major USP of the NEAR Protocol is nightshade technology which is a variant of sharding and the technology can massively help improve a dApp's throughput. The method improves the overall capacity of the blockchain. Unlike regular sharding, the shards in Nightshade generate a fraction of a block which enables the network to process up to 100,000 transactions every second.
A lot of developers choose NEAR Protocol as it has been maintained by a community of developers – NEAR Collective. The community regularly updates the original code and releases updates. One of the upcoming projects on NEAR Protocol is Flux – a protocol for creating markets based on commodities, assets, and real-world events. Another new project on NEAR Protocol that is currently in the works is Mintbase, which is an NFT minting platform.
Quant has evolved as one of the altcoins to watch out for with its efficiency at connecting blockchains and decentralized networks on a global scale. With Quant, developers can look forward to building globally scalable decentralized networks without having to cut corners on efficiency or interoperability. The platform's native token QNT meets all transactional obligations that its users might encounter on the network.
The secret to Quant's efficiency can be credited to Overledger which is a distributed ledger technology that functions as an operating system and helps in connecting blockchains. Being one of the earliest operating systems built specifically for blockchains, Overledger has been driving business growth for years.
With Overledger, Quant aims to bridge the gap between blockchains and make them interoperable. With Quant, developers can also deploy multichain dApps. Plus, they can build dApps that can connect with other dApps in the same blockchain ecosystem.
What stands out about Quant is that it creates different layers dApps to interact at various levels. The platform has different layers for ordering, filtering, messaging, transactions, and for dApps to share messages related to other dApps. The platform's App Store can read and monitor transactions. Using Overledger, developers can execute smart contracts across blockchains that don't even support the contracts.
Given how functional they are and their impressive market performance, you can opt for any of the above-mentioned cryptocurrencies, anytime you are struggling to decide what cryptos to buy now. Their power-packed features make them ideal options for anyone looking to make long-term gains. Of the six cryptocurrencies, InQubeta is the one that a lot of crypto analysts have been rooting for. Analysts have claimed that the cryptocurrency's unique use case and higher growth potential are among its key USPs. Plus, they also believe that with an industry-linked use case, the platform will be able to contribute to the growth of both the startup and DeFi sectors. Market experts suggest that the QUBE token has the potential to cross 30x in terms of returns.
Having said that, it is important to note that these projections might change over time because of market volatility and global economic uncertainty. Hence, cryptocurrency users should always read up about a token and do their share of research before buying it. Researching the token helps one make well-thought-out decisions and avoid potential risks associated with the project.
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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.
