Cryptocurrency is a volatile market with stories of explosive growth and devastating losses, from the rise of BALD and PEPE to the fall of GALA.
Despite the crypto winter that spilled over from 2022, four projects have been gaining traction, attracting global investors. The soaring popularity of Worldcoin highlights crypto’s dynamic, fast-paced, and opportunity-laden nature. Though it is a scene that’s still growing and whose laws are being refined, opportunities can be exploited by those who are keen.
Apart from Worldcoin, investors have been training their eyes on InQubeta (QUBE), MakerDAO (MKR), and Uniswap (UNI). Thus far, in the ongoing InQubeta presale, early investors are in the green, considering how QUBE prices increase at each phase.
By late September, the project had raised over $3.3 million and was easily the top ICO in Q3 2023. Meanwhile, Worldcoin, riding on the tailcoats of OpenAI’s co-founder, is firm and stable. The project aims to disrupt the identity industry and power the future of the world economy.
But what precisely made Worldcoin popular in Q3, and can InQubeta, MakerDAO (MKR), and Uniswap (UNI) be popular cryptos to invest in 2023?
Worldcoin Is Building A Global Economy Through Digital Identity
Many projects have attempted to tokenize and store identity on-chain, but not at the scale and ambition of Worldcoin.
Options like Ethereum Name Service (ENS) have their roadmap and aim to port digital identity to the blockchain. However, Worldcoin took over after launching in July 2023.
The release of Worldcoin physical Orbs and airdropping of 25 WLD to those scanned helped onboard millions, drawing praise and criticism from regulators across the globe.
Regulators in Kenya and France expressed concerns over the use of captured data and potential violations of citizen’s rights. This uproar fanned Worldcoin’s popularity, stabilizing prices in July amidst a market crash that had impacted top altcoins, including Ethereum (ETH).
The expansion of Worldcoin fueled demand for other potential projects, mainly InQubeta, whose presale is still in progress. Could these be the next to take over crypto forums?
InQubeta Wants To Reshape Crypto Funding For AI Startups
InQubeta, like Worldcoin, has global ambitions and has been rated by experts as the best crypto to invest in. Instead of identity, InQubeta is tapping into artificial intelligence (AI) and blockchain capabilities to create secure but accessible platforms for AI startups to raise funds.
The platform leverages non-fungible tokens (NFTs) and has created a marketplace where anybody can invest in crypto AI startups. In this marketplace, QUBE, an ERC-20 deflationary token, powers all operations. This allows QUBE holders to buy fractionalized NFTs minted by crypto AI startups.
Moreover, as a governance token with utility, holders vote on proposals and can participate, determining how the project evolves.
InQubeta has tapped into decentralized finance (DeFi), allowing presale investors to stake their QUBE, earning a high yield. Rewards are distributed from InQubeta’s dedicated pool.
Maker Finance and Uniswap Are DeFi Leaders
Maker is being revitalized in the crypto winter, while Uniswap remains the first AMM DEX despite the sharp contraction in DeFi activity. MKR prices, the governance token of MakerDAO, are presently bullish, making it among the popular cryptos to buy now, apart from QUBE.
DeFiLlama data shows that Maker and Uniswap have total value locked (TVL) of $4.6 billion and $3.2 billion, respectively. The introduction of Spark Protocol by Maker and the ongoing development of v4 in Uniswap could support prices in the months ahead.
Conclusion
Worldcoin’s popularity, sparked by the platform’s ambition to shape identity, has supported WLD. Additionally, the emergence of new projects like InQubeta, which is currently in presale, has attracted more investments from new users. To date, InQubeta has raised over $3.4 million. It seems that InQubeta, MakerDAO, and Uniswap are trending upwards and may even surpass Worldcoin in popularity.
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Source: https://beincrypto.com/worldcoin-popularity-increases-tokens-follow/