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If you are eyeing king-sized gains by investing in cryptocurrencies, the crypto market is currently poised for a huge potential rise. The market is making rapid strides with many top crypto coins clocking record-high prices. Analysts who have been tracking the market feel that Bitcoin might reach $28,000 in the coming months. InQubeta (QUBE) and Tezos (XTZ) are also positioned for a huge potential rise in the near future.
While Tezos is an established ecosystem, InQubeta is a newly launched platform that helps startups working with artificial intelligence-based projects score funding from genuine investors. The cryptocurrency became the talk of the town after its presale funding crossed $3.5 million recently. Its ICO is currently in the fourth stage and has managed to sell 82% of the tokens allocated for the presale stage.
InQubeta: The best crypto investment of 2023
InQubeta is a decentralized platform with cutting-edge features that bridges the gap between AI startups and blockchain technology. While helping startups boost their growth trajectory, InQubeta also helps investors stay ahead of the competition by investing in projects that are yet to be launched. These opportunities leverage the pioneering technology of AI, which is spawning technological revolution across industries.
InQubeta has also rolled out a native cryptocurrency called the QUBE token which is the official medium of exchange of the network.
InQubeta is a good crypto to buy as it has a deflationary token that protects token holders’ returns whenever inflation is on the rise or the markets get volatile. A deflationary model works on a scarce supply that’s always less than the quantity demanded in the market. If there is any change in the status quo, the excess tokens are sent to a burn wallet where they are destroyed. A limited supply not only curbs price fluctuations but also keeps the token value stable.
An example of how the deflationary model works is the taxes levied on the sale and purchase of the QUBE token. Every time a token is sold or purchased, the buyer or seller has to pay a small tax on the transaction. As the tax is paid in terms of the QUBE token, its supply might be disturbed. Hence, the team burns a small part of the tax proceeds and allocates the remaining portion for funding marketing campaigns and maintaining the liquidity and rewards pools.
MoMA unveils new project on Tezos network
Tezos is a blockchain network that’s powered by smart contracts. The open-source network promotes mainstream adoption of Web 3.0 with smart contracts that use formal verification. These smart contracts are secure and reliable as they can be mathematically verified. Another advantage that the platform offers is scalability. Its modular code architecture and upgrade mechanism reduce disruptions to offer enhanced functionality and upgradability. Tezos offers enterprise-grade security that provides high-end safety for assets. The platform’s native token, XTZ, is the official token of the Tezos ecosystem. Tezos holders can also stake and participate in the governance process.
The platform was recently in the news after the Museum of Modern Art (MoMA) rolled out its new venture – the MoMA Postcard project – which is powered by the Tezos blockchain. The project is inspired by collaborative creativity and comprises 15 postcards, each created through collaborations between 15 different artists. The postcards represent 15 exciting destinations. Tezos has plans for more such exciting updates in the future and seems to be positioned for a potential bullish rally soon.
Bitcoin faces a $28k barrier even as whales accumulate in huge volumes
Bitcoin is a peer-to-peer online digital currency. It was the first cryptocurrency and is credited with launching the blockchain revolution. Its native cryptocurrency, BTC, is among the most traded tokens in the world. Bitcoin leverages the proof-of-work consensus algorithm for verifying transactions and securing the network. The blockchain ropes in miners to validate the transactions who earn a fee for their efforts.
Whales are currently accumulating the BTC coin in huge volumes but it faces a strong barrier at the $28k level. However, analysts are backing the top cryptocurrency as it could potentially rise once the $28k resistance level is overcome.
Conclusion
If you are looking for the best altcoins to buy now, don’t forget to assess their growth potential. Between Bitcoin, Tezos, and InQubeta, most analysts are going to recommend InQubeta for the long term. InQubeta has higher growth potential as it enables even an average crypto user to become a startup investor and move along with technological advancements. Presale investment opportunities can help in registering huge gains in the long term. In addition, features like a deflationary token and a strong security framework boost crypto users’ confidence in the project.
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*This article was paid for Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2023/10/12/best-cryptocurrencies-buy/