The month of August has been filled with happy surprises for the cryptocurrency market and if the recent forecasts by analysts are anything to go by, the bull rallies aren’t going to stop any time soon. Going by the market data and on-chain metrics, analysts feel that many crypto projects have the potential to grow by 1500% in 2023. These include names like InQubeta (QUBE), Polygon, NEAR Protocol, Sei, and Hedera. While most of these names are top crypto coins that have been around for quite some time now, InQubeta’s name in the list has taken many by surprise as it was launched just a few months ago.
The Ethereum-based platform leverages blockchains to connect startups working on artificial intelligence with investors looking for promising opportunities. What sets InQuebta apart is that it enables startups to access genuine funding sources and helps them boost their growth trajectory. Its cryptocurrency ico has also shown impressive growth. Currently, in its third presale stage, InQubeta has collected around $2.3 million in presale funding.
The following list features nine other tokens which, like InQubeta, are expected to post strong growth in August and the rest of the year.
1. InQubeta: Harnessing startup talent to drive an AI boom
InQubeta is a future-ready platform that aims to make the benefits of AI available to society by promoting innovative projects. As both startups and investors get to explore promising opportunities, InQubeta benefits both the DeFi as well as the AI sector. It’s among the new altcoins that can cater to the needs of different user groups with ease. While startups get to bring their ideas to life with InQubeta, investors who invest in them benefit by accessing projects that are yet to hit the market and gain the early bird advantage.
The platform also has a native coin called the QUBE token which has created quite a storm in the crypto market. It’s among the new ico coins that have reached impressive heights of popularity despite being in the presale stage.
Interested buyers who want to purchase the QUBE token can do it by participating in its nine-stage presale. However, there is a 12-week vesting period for all purchased tokens.
According to the InQubeta team, a vesting period helps it phase out the release of tokens in the market. Without a vesting period, the team would have to release all tokens in one go, which would create an excessive supply and impact the token price.
Another mechanism employed by the InQubeta team to keep the token value stable is a deflationary model for its native coin. Under the model, the token supply is made to be scarcer than what is demanded in the market by destroying all extra tokens. By keeping the token supply intentionally limited, the team keeps price fluctuations at bay while keeping the token value stable.
The QUBE token is a cryptocurrency that serves multiple purposes critical for the platform’s optimal growth. For starters, it is used for voting for proposals that are pitched by community members and seek changes in the protocol. QUBE token holders get voting rights which they can use to put forth their views and decide on proposed changes in protocol.
InQubeta startups have to decide the rewards they would like to offer the investor. It can be in the form of a share in their company’s equity, access to new platforms, or other rewards. The offer is tokenized in an NFT and uploaded on InQuebta’s NFT marketplace. Investors can assess, evaluate and buy the NFTs from the marketplace with their QUBE tokens. What’s more, they can buy fractions or small parts of the NFTs as well. By fractionalizing the asset, InQubeta makes startup investments budget-friendly.
2. Pendle: Gaining with future yields
Pendle is a next-generation blockchain protocol that has garnered a lot of attention with the way it facilitates tokenization and trading of future yields. Its native coin is the PENDLE token. With a state-of-the-art automated market maker, Pendle powers assets with time decay while enabling users to have more control over future yield. This is ensured by opportunities like optionality and its utilization.
3. Polygon: Building the future of Ethereum with zero knowledge technology
Polygon is a leading decentralized platform that leverages the zero-knowledge technology to create tools for scaling Ethereum-based dApps and tools. Its native coin is the MATIC token. With Polygon, developers can look forward to building app-specific blockchains, optimistic blockchains, and zk-rollup chains, among other decentralized tools.
4. Hedera: Exploring the potential of Hashgraph Consensus
Hedera is an eco-friendly public blockchain network where developers can access a wide array of user-friendly tools for deploying dApps. Its native coin is HBAR and is used for all transactional use cases on the network.
The platform leverages the Hashgraph consensus which is a type of proof-of-stake consensus protocol that goes a step beyond. For instance, the Hashgraph consensus ensures higher efficiency while verifying transactions and high-end security while also shielding users from hackers.
5. Aptos: making Web 3.0 solutions more accessible
Aptos is a Layer I blockchain that offers developers state-of-the-art tools for building dApps or other decentralized solutions that can solve real-world problems and make Web 3.0 more accessible. For securing the network and validating its transactions, Aptos uses the proof-of-stake consensus protocol.
The Aptos blockchain is capable of achieving a throughput of up to 15,000 transactions a second. This is made possible through parallel execution where transactions are processed simultaneously and validated later. Aptos leverages Move which is a smart contracts language that offers benefits like a modular design for the platform, seamless verification, and modification of private keys. Its native coin is the APT token.
6. Near Protocol: Sharding technology to the rescue
Near Protocol is among the top cryptos to invest in today’s market. It is a Layer 1 blockchain where developers can look forward to finding user-friendly tools to deploy dApps without having to worry about low transaction speeds or high costs. Its native cryptocurrency is the NEAR token and it is used for all transactional purposes on the network.
The NEAR Protocol is capable of driving impact by leveraging the Nightshade technology where transactions are processed across multiple sharded chains. The technology not only makes the process quicker but also more efficient.
7. Immutable: A hassle-free scaling solution for NFTs
Immutable has been designed as a Layer 2 blockchain which allows users to scale their NFTs seamlessly. What sets the platform apart is its superior user experience that tackles common challenges associated with the Ethereum network like low speed, lack of liquidity, and sub-optimal user experience. It manages all this without hampering security or increasing costs.
Its native coin is the IMX token and it is the official medium of exchange of the Immutable network. One of the features that make Immutable a good crypto to buy is that it enables developers to roll out cryptocurrencies and NFTs using the ERC-20 and ERC-721 standards on a massive scale.
8. Render: Making GPU-based rendering services more accessible
Counted among the top erc20 tokens, Render makes GPU-based rendering services more accessible. Powered by Ethereum, Render is a distributed GPU rendering network that connects mining professionals with studios or artists needing rendering services. Its native coin is the Render token which is used for making all kinds of payments.
If you ask developers, one of Render’s key USPs is its advanced network scalability. Its core infrastructure makes next-generation rendering services accessible for the evolving content demands for immersive media. Content creation for immersive media often requires a massive increase in scalability that can only be provided by a decentralized network.
9. Conflux: For seamless asset transfers across blockchains
Conflux is among the high-potential tokens that can end your worries about which crypto to buy today for the long term. It has been driving impact by enabling its users to transfer assets across blockchains effectively and at cost-effective rates.
It leverages the Tree-Graph consensus mechanism for validating transactions and securing the network. The consensus is an amalgamation of two protocols – the proof-of-stake and the proof-of-work consensus algorithms. Another notable thing about the platform is that it uses Turing-complete smart contracts that can be integrated with Ethereum virtual machines.
10. Sei: Lightning-fast transactions at low cost
Designed as a Layer 1 blockchain, Sei is a decentralized platform offering cutting-edge tools for building scalable solutions that can be adopted by the masses seamlessly. Its native cryptocurrency is SEI which is used for various transactional purposes.
Powered by the Twin-Turbo consensus, Sei is known for its lightning-fast speed of processing transactions at affordable costs. Another factor that has been boosting Sei’s popularity as a top crypto to invest in is its user-centric feature that promotes transparency of operations. The open-source platform offers multiple layers of transaction bundling, extensive interoperability, and front-running protection.
Conclusion
The above-mentioned 10 cryptocurrencies are some of the top coins available in today’s market. Whether it’s their functionality, security framework, cutting-edge features, or code architecture, they tick off all the right boxes and make for great options for diversifying a crypto portfolio.
However, according to analysts, most of them lag behind InQubeta as it has higher growth potential. InQubeta’s unique model is capable of creating futuristic solutions that can catalyze an entire industry. By opting for the QUBE token, crypto users stand a chance to build a steady source of income and can also secure their financial future.
Moreover, with a decentralized governance structure, the InQubeta team takes all stakeholders along its growth journey. As it incentivizes user participation, community members are encouraged to contribute to its operational matters and development. The mechanism ensures that community members make decisions that are in the best interests of the platform. At the same time, having a deflationary coin and an advanced security framework helps InQubeta safeguard its users’ privacy and assets.
Cryptocurrency users should always remember to research a crypto token before buying it. By reading about a token ahead of purchase, crypto users can get acquainted with the potential risks associated with it and make well-informed decisions.
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Source: https://www.analyticsinsight.net/augusts-crypto-forecast-10-contenders-set-to-soar-1500-and-more-in-2023/