Top 5 Cryptos For Beginners To Buy Now

A job that is well begun is half done, they say. Cryptocurrencies are no different. Well-informed decisions, in the beginning, can help you create a robust portfolio that can reap rich rewards over the years. What makes the cryptocurrency market beginner-friendly is the variety of options available for all classes of investors. 

Buyers can choose from a wide array of projects that leverage top-notch technologies, have utility-friendly models, and have posted impressive results in the past. While there are old favorites like Solana, Avalanche, Polygon, and Arbitrum, analysts are also backing newly launched projects like InQubeta (QUBE) which have great use cases.

Let’s dive into the key USPs of some of the best altcoins in 2023 for beginners. 

1. InQubeta: How DeFi can transform the global startup ecosystem

InQubeta is a classic example of the fusion of state-of-the-art technologies like DeFi and artificial intelligence (AI) to create impactful solutions. The Ethereum-powered project bridges the gap between blockchain and startups by helping the latter score funding for AI-based projects. One of the crucial factors contributing to InQubeta’s popularity is the fact that it leverages a promising technology like AI, which has found applications across multiple sectors. By 2030, the global AI market is poised to cross $1,811 billion.

Startups and analysts are full of praise for the QUBE token because of its strong presale growth. Though InQuebeta was rolled out just a few months ago, its presale funding has already crossed $3.2 million. Many leading analysts have even included it on their best cryptocurrency ICO lists for the year.

Not only does InQubeta help startups scale to growth, but also enables investors to access projects much before their market launch. This helps them gain the early mover advantage and stay ahead of the competition. Its native cryptocurrency is the QUBE token that is used for various transactional purposes like payments and staking on the network. The QUBE token can be bought on presale but it has a vesting period of 12 weeks.

The InQubeta team has claimed that a lock-in period gives it the room to phase the release of QUBE tokens to avoid dumps and the risk of a glut. You can also earn a passive income through QUBE by staking. If a token holder agrees to stake their assets, the tokens are used to ensure ample liquidity on the platform and support its optimal growth.

An impressive feature of the QUBE token is its deflationary model, which tames price fluctuations and ensures that token holders don’t lose their returns to market volatility. The deflationary model pivots around a scarce token supply that is always less than the quantity demanded in the market. Any imbalance or disturbance to the status quo is corrected by sending any extra tokens to a burn wallet, where they are destroyed. An example of how this mechanism works is the taxes levied by the team on buyers and sellers of the QUBE token. When a user purchases or sells the QUBE token, they have to pay a small tax. As the QUBE token is the primary cryptocurrency of the network, these taxes are collected in terms of InQubeta’s native cryptocurrency. As the additional tokens might disturb the supply, the team burns a small share of tokens collected as tax proceeds in every transaction. 

This top altcoin has a user-friendly interface that makes it easy for anyone to explore its features. Even for startups, the onboarding process is an intuitive one, ensuring a hassle-free experience. To get started, a company has to decide on what an investor would get when they invest in it. The offer could comprise a reward level or an equity share. These offers are tokenized and turned into NFTs that are uploaded on InQubeta’s NFT marketplace. At the marketplace, investors get the opportunity to browse through the NFTs and assess the pros and cons of each offer. If they agree to the terms laid down by a startup, they can go ahead and purchase the NFT using their QUBE tokens. 

What’s more, these NFTs can be fractionalised and split into smaller parts. The fractionalization feature democratizes startup investments by making such opportunities affordable to budget-conscious investors. 

If you opt for InQubeta, you will also get a chance to participate in its operations and growth because of its decentralized governance structure. The structure is based on the decentralized autonomous organizations (DAO) model and encourages all stakeholders to make suggestions and express concerns about operational matters. If a community member has a protocol change in mind, they can pitch a proposal before the community. The proposal would be vetted and put to a vote. Token holders have voting privileges with which they express their opinions while ensuring optimal growth for the platform. 

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2. Arbitrum: Scaling Ethereum dApps cost-effectively

Arbitrum is a Layer 2 protocol for scaling Ethereum dApps. It’s touted to be one of the tokens that will end all your worries about what cryptos to buy now, as it is a powerhouse of features. It leverages optimistic rollups that pave the way for better scalability, reduced costs, and improved speed than Ethereum. By shifting the majority of its computation and storage load to off-chain, the network is also able to charge a lower gas fee. Its native cryptocurrency is the ARB token and all payments on the Arbitrum network are made in terms of this token.

Several top whales have been stockpiling their ARB token as they believe it could potentially deliver huge gains in the long term. The Arbitrum Foundation recently announced that it has transferred unclaimed ARB tokens worth around $59 billion to its treasury. The move comes after ARB tokens were airdropped in March this year. The airdrop received an overwhelming response as over 42 million tokens were claimed by 23,000 crypto users just hours after the airdrop was live. The window for claiming the airdropped rewards closed on September 24. Arbitrum remains a top crypto for beginner investors as it is backed by strong utilities.  

3. Avalanche: High throughput for powerful dApps

Avalanche is a Layer 1 blockchain that allows its users to create powerful dApps and customized blockchains using its advanced tools. Avalanche offers stiff competition to leading blockchain networks like Ethereum with advantages like a high throughput and scalability. With Avalanche, developers can unlock a throughput of as high as 6,500 transactions in a second. The platform’s native cryptocurrency is AVAX. 

Avalanche has carved a niche for itself, moving in tandem with technological advancements. It recently joined hands with SK Planet to roll out a ticketing platform. SK Planet is a leading information and communications technology platform in South Korea. Beginner users can accumulate AVAX for the long term as it is coming up with more partnerships in the future. 

4. Polygon: Exploring the potential of zero-knowledge technology

Polygon is a decentralized platform for scaling Ethereum-friendly dApps and blockchains. The Layer 2 scaling protocol can transform Ethereum-based dApps into multi-chain systems by leveraging zero-knowledge (zK) technology. With these zK solutions, developers can look forward to deploying optimistic rollups, standalone blockchains, and zK rollup chains. The platform’s native cryptocurrency is used for all kinds of payments on the network. 

What’s more, it combines the proof-of-stake algorithm with the Plasma Framework for securing its network and validating transactions. The consensus stands out due to its improved scalability and easy execution of smart contracts.

Given its focus on leveraging the latest technologies, Polygon has made rapid strides with upgrades and new partnerships. One of the recent ones was with Google Cloud, the search engine’s cloud computing vertical. Polygon was among the 11 networks that Google Clpus incorporated in its ‘BigQuery’ program. The program has been designed as an enterprise data warehouse for developers with varied coding skills. 

5. Solana: Hybrid consensus protocol for powerful dApps

Solana is an open-source platform that offers developers a range of permissionless tools to build high-performance dApps. Rated as one of the altcoins to watch in 2023, Solana has outperformed several altcoins because of its hybrid consensus protocol, which combines the proof-of-stake and proof-of-history algorithms. The hybrid protocol boosts Solana’s capability by improving scalability and flexibility. It’s also preferred by a lot of developers because of its short processing times, thanks to the hybrid protocol. With its customized consensus protocol, Solana can offer lower validation times for both smart contracts and transactions. The platform’s native token, SOL, is the primary cryptocurrency of the network. 

Over the years, Solana has created a global community of developers who swear by its cutting-edge features. With Solana Breakpoint 2023, the platform has been interacting with developers, artists, and content creators who are leveraging Solana to build impactful solutions. The next Breakpoint meetup is slated to be held in Amsterdam from October 30 – November 3, 2023.

Conclusion 

These five tokens are among the best cryptocurrencies to buy if you are just starting out in the crypto market. Not only are these coins user-friendly, but have ample security features to safeguard both your assets as well as your privacy. 

However, if you are looking at the bigger picture and want to select a token that could possibly fetch higher returns over the long term, InQubeta is the one you should consider. Analysts who have reviewed the Ethereum-powered project feel its higher growth potential could be attributed to its unique model where a regular crypto user can become a startup investor and create a sustained source of income for the future. And the best part is that one doesn’t even need a fat bank balance to do this. 

Apart from the fact that InQubeta leverages a pioneering technology like AI, analysts have pointed out that its huge presale funding so far puts it in the right position to become one of the best new ICOs of 2023. 

Crypto users should always take care to research a token before purchasing it. By doing their due diligence, crypto users can identify potential risks associated with a token and make informed investment decisions.

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