The crypto industry has silenced its critics with its stellar performance over the past few months and as 2023 progresses, the market’s momentum shows no sign of slowing down. Analysts who have been tracking the market also feel that several top altcoins can lead the market to new heights.
If you look at the current favorites of the analysts, there are some surprises. While older altcoins have managed to remain relevant by coming up with interesting upgrades, many new tokens in the presale stage have also managed to impress users. If you are looking for potential multibagger tokens in 2023, here is a list of tokens that have the potential to grow by 1,500% in September alone.
Let’s take a deep dive into these cryptocurrencies to learn more about their features.
1. InQubeta: Starting an AI revolution with DeFi
InQubeta is an upcoming decentralized platform that allows AI startups to find potential investors and kickstart their investment journey. The platform has garnered global fame for the way it caters to the needs of investors and helps them gain the early-bird advantage by accessing promising projects ahead of their market launch.
Startups that desire to raise funds through InQubeta have to come up with an offer for investors. The offer might entail a share in the startup’s equity or a corresponding reward level. Once these offers are minted into NFTs, they are posted on the NFT marketplace where investors can assess them. If an investor agrees to the startup’s terms, they can pay for the NFT using their QUBE tokens. As these NFTs can be fractionalised, investors have the option of either buying the entire asset or a part of it.
To facilitate seamless transactions on its network, the team has rolled out a native cryptocurrency called the QUBE token which is modeled on the ERC-20 standard. The QUBE token can be bought on presale currently and buyers will have to wait for 12 weeks before they can access the tokens due to a vesting period. The InQubeta team has claimed that the 12-week vesting period helps it phase the release of tokens into the market to ensure there are no sudden dump events.
QUBE is currently in its presale stage and its cryptocurrency ICO has already raked in over $3.1 million in funding.
The QUBE token also offers its holders the opportunity to earn crypto rewards via staking. QUBE token holders can stake their assets to support the platform’s growth and earn rewards.
It also sports a deflationary model where the token supply is controlled in a way that price fluctuations are always minimal. The anti-inflationary character of the token keeps the asset value stable and boosts the confidence of the token holders in the cryptocurrency. Under the model, the token supply is not allowed to exceed the demand, so that it stays scarce. If the supply increases beyond a level that the team is comfortable with, the additional tokens are destroyed by sending them to a burn wallet.
The QUBE token is the focal point of InQubeta’s governance structure which is based on the decentralized autonomous organizations (DAO) model. Community members can participate in the decision-making process, voice their concerns, and even pitch suggestions. If a community member has a suggestion that could potentially improve the protocol’s scope, they can make a proposal.
The proposal will be extensively debated among community members and its merits will be discussed. Later, it is put to a vote where QUBE token holders exercise their exclusive voting rights to put forward their opinions about the proposed changes.
InQubeta is among the new altcoins of 2023 that have impressed crypto users with their accountability and transparent governance structure. Experts have predicted a rise of 1500% for the QUBE token as it is backed by multiple utilities and has posted impressive gains during the presale stage.
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2. Hedera: Outperforming legacy systems with powerful Web 3.0 tools
Hedera is an enterprise-grade decentralized network that allows developers to find a wide array of tools for deploying powerful and secure dApps. It has managed to register a healthy rise over the years by eliminating challenges like instability and slow speeds, which are commonly associated with legacy systems. Its native token is HBAR and it’s the primary cryptocurrency of the network. The HBAR token is used for accessing the network’s key services like smart contracts, transactions, and file storage. Also, the token contributes towards securing the network through staking. Many analysts feel that the HBAR token could potentially post a huge rise of 1500% in September as the platform is planning important upgrades.
3. Ripple: Bridging the gap between businesses and blockchain technology
Ripple is a decentralized platform that enables businesses to leverage blockchain to offer lightning-fast cross-border payments. It is powered by the XRPL Ledger which is built on permissionless and open-source technology. If you are an entrepreneur or business that’s looking to explore the advantages of decentralized finance, Ripple is a token that will end all your worries about which crypto to buy today for the long term. Businesses that have opted for Ripple have seen advantages like lower capital requirements, new sources of revenue, and discovering new audience groups, among others.
Ripple has a separate fan base comprising developers who are patrons of its low-cost technology. Developers who have worked with XRPL claim that the technology can settle transactions in just 3-5 seconds and help a network scale to up to 1,500 transactions every second. The fact that it’s carbon neutral is another key USP as the global Web 3.0 industry moves towards sustainable practices. What’s more, the XRPL protocol also includes a decentralized exchange that has tokenization capabilities.
The platform has released a native cryptocurrency called the XRP token and it serves as the official medium of exchange of the Ripple ecosystem. An important factor that has been driving Ripple’s popularity is XRPL’s versatility. The decentralized technology can support dApps offering a wide array of DeFi use cases like NFTs and micropayments. The XRP token could also post gigantic gains as it has seen mainstream adoption recently, driven largely by major enterprises.
4. Cardano: Making the benefits of Ouroboros more accessible
Cardano has carved a niche for itself by emerging as a cutting-edge platform for innovators and changemakers in the Web 3.0 industry. According to the founders, the platform strives to redistribute power from unaccountable entities to individuals and contribute towards creating a more transparent and fair society.
Its native token is ADA and it is used for meeting all kinds of transactional obligations on the network. For many developers, it’s a good crypto to buy as it has an open-source code and leverages the power of the Ouroboros protocol. What stands out about the protocol is that it’s backed by peer-reviewed research and evidence-based methodology. Hence, developers can look forward to creating high-performance dApps that are both scalable and secure. The ADA token can also be considered if you are looking for 1500X gains in September.
The Cardano team takes pride in the fact that their flagship technology has been developed after an intensive research process as it means that innovative ideas can be challenged before they are implemented. The team maintains that the focus on research helps the platform anticipate potential pitfalls well ahead of time.
For securing its network and validating transactions, Cardano leverages the proof-of-stake consensus algorithm which is environmentally more sustainable than the proof-of-work protocol. Web 3.0 experts who have reviewed Cardano feel that by pairing Ouroboros with the PoS protocol, the platform boosts its security guarantees and consumes less power. Another factor that makes Cardano a top crypto to invest in is its policy of incentivized participation. Cardano community members can look forward to earning crypto rewards for actively participating on the platform.
5. Polygon: Boosting the case for zero-knowledge technology for Ethereum scaling
Polygon is a leading decentralized platform that leverages zero-knowledge technology and offers developers a wide array of tools for scaling Ethereum-based dApps. The platform’s native token is MATIC and it is used for various transactional purposes on the network. In the past, the Layer 2 scaling solution has received backing from leading crypto exchanges like Coinbase and Binance. It has emerged as one of the top crypto coins because of its easy-to-use features that facilitate seamless scaling and development on Ethereum. The platform’s core product is the Polygon SDK which is a modular solution that can be used to deploy multiple kinds of dApps.
One of the key USPs of the Polygon network is how effectively it transforms an Ethereum-based decentralized tool into a full-stack multi-chain product. The resulting multi-chain product will have the same properties as that of leading blockchains like Avalanche, Cosmos, and Polkadot along with Ethereum’s security and decentralization. The platform leverages the proof-of-stake consensus algorithm for securing its network and validating transactions. Polygon allows its token holders to stake MATIC tokens in exchange for crypto rewards. Token holders who are not interested in validating can delegate their tokens to another validator while continuing to participate in the staking process and earning rewards. Polygon is a strong ecosystem and could potentially generate 1500% gains for its long-term holders as per many technical analysts.
Conclusion
If you are looking for the best altcoin to buy for your portfolio, these five tokens are ideal options. By investing in promising startups, crypto users can build a sustained income source for securing their future. These coins are backed by powerful features, have utility-centric models, and have robust security frameworks.
However, there’s one parameter where InQubeta seems to have leverage over the other four – greater growth potential. According to analysts, if you are eyeing long-term returns, InQubeta is a better option mainly because of its unique fundraising model. Even retail investors with small budgets can participate through the power of fractionalisation.
The InQubeta ecosystem is transforming the AI startup sector and has emerged as a top ICO. Head over to the QUBE presale to participate in this upcoming new revolutionary cryptocurrency.
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Source: https://www.analyticsinsight.net/5-coins-poised-for-bulls-1500-rally-boost-in-september/