They say a job well begun is half done and crypto portfolios are not any different. If you carefully choose which crypto to buy today for the long term, you can create a portfolio that yields the best returns when there’s an upcoming bull run.
It’s important to make informed decisions while dealing with cryptocurrencies. Luckily, there are multiple options available for different kinds of users in the market.
According to analysts, the best of the current lot includes names like InQubeta (QUBE), Ripple (XRP), Cardano (ADA), Chainlink (LINK), and Polygon (MATIC). Except for InQubeta, these tokens are some of the most traded tokens globally.
If you are interested in knowing how these five tokens can help you cash in on the next bull run, just read along.
1. InQubeta: Bridging the gap between AI and DeFi
InQubeta represents an imaginative way of how DeFi and AI can be combined to drive financial inclusion across the masses. The platform empowers both AI startups and crypto investors and helps them give their growth a new direction.
Startups get the funding needed to go ahead, and crypto users can access affordable investment options to create wealth in the long term. The InQubeta platform has a native cryptocurrency called the QUBE token, which is used for all payments.
By ensuring that all payments are made in terms of the QUBE token, the InQubeta team ensures that all transactions are executed seamlessly.
InQubeta’s rise has surprised many analysts, but if you consider its unique model, it’s not difficult to understand why it’s drawing crypto users.
The Ethereum-based platform connects startups working in the artificial intelligence sector with potential investors and helps them innovate. Its cryptocurrency ICO has raked in more than $5.2 million in presale funding so far.
With a supply of 1.5 billion, the QUBE token is a versatile cryptocurrency that has multiple use cases. These uses include governance, voting for new proposals, funding marketing activities, determining rewards, paying legal advisors, and complementing the platform’s development, among other purposes. It can be staked within the InQubeta ecosystem in exchange for rewards.
The longer the asset is staked, the higher will be the rewards that the owner gets. If you want, you can purchase the token on presale at very attractive prices. QUBE could potentially yield great returns during the next bull run and can currently be accumulated at low prices.
Even though it was released just a few months ago, the QUBE token is already being counted as one of the top crypto coins of 2023. The reason could very well be its deflationary model.
Unlike regular financial instruments, the QUBE token can protect its holders’ returns in times of market volatility through an internal mechanism. A deflationary token will always have a scarce supply.
The moment its supply exceeds a level that the team is comfortable with, extra tokens are burned or destroyed. The burn mechanism regulates supply and prevents inflation from affecting the asset value.
While InQubeta has stolen a march over many new altcoins, it is also giving many older tokens a run for their money with its cutting-edge features. These features include decentralized governance.
A decentralized governance structure implies that the power of running the platform is not centered and is distributed across the community. If a community member feels that a certain change might ramp up the protocol’s capabilities, they can suggest it to other members.
There will be a discussion held to assess how impactful the said changes could be and later they will be put to a vote. Here, token holders assume an important role as they are entitled to voting privileges. They can use voting rights to determine if a proposal is worth being implemented or not.
2. Ripple: Building blockchain-powered tools for businesses
Powered by the XRP Ledger technology, Ripple is a one-stop solution for businesses looking for blockchain-based solutions for growth. Using Ripple’s enterprise-grade solutions, businesses can gain by finding new revenue sources, cutting down costs, exploring new audience groups, and reducing their capital consumption by prioritizing resources at lower costs. Its native token XRP is used for making all kinds of payments within the Ripple ecosystem. Another USP of the Ripple platform is that it helps central banks issue their digital currencies, which has helped it make a splash globally.
One of the key reasons why many developers call Ripple a good crypto to buy is its scalability and cost-effectiveness. Ripple’s XRP Ledger technology can pave the way for a high throughput of 1,500 transactions in a second and settling transactions at a lightning-fast speed.
It has also earned brownie points by being a carbon-neutral platform. The technology can support a wide array of dApps and assets like NFTs. For authenticating transactions, Ripple leverages the Federated Consensus protocol.
All transactions are confirmed and processed without a hitch, as no validator makes a decision independently. The XRP token is another cryptocurrency that could rapidly gain during the upcoming bull season.
3. Cardano: Building cutting-edge dApps with Ouroboros protocol
Cardano is a decentralized platform where developers can find a wide range of tools to deploy innovative dApps. Its native token, ADA, serves as the official medium of exchange within the Cardano ecosystem.
It is one of the best altcoins that one can find in the crypto market, as it has successfully used the proof-of-stake consensus to ramp up its operations. The Ouroboros protocol powers the open-source blockchain and has been developed after consulting peer-reviewed research and with an evidence-based methodology.
A secure framework is another USP of the Cardano network. The platform facilitates secure interactions between two actors who might not know each other. It creates an ecosystem where anonymous actors can interact safely to open up new markets and opportunities.
The Ouroboros protocol shields users against Sybil attacks and bad actors. All transactions and interactions are validated through a UTXO model and multi-signature authentication. Another advantage of using Cardano is that users are rewarded for their participation.
Cardano buyers can earn rewards for participation either by operating as stake delegators or as stake pool operators. Cardano has a decentralized governance system where ADA holders can pitch or vote for proposals and enhance the protocol.
For many developers, Cardano’s best-kept secret is its scalability. The Ouroboros protocol enables developers to scale their dApps globally without needing a lot of energy.
Cardano uses unique approaches like parallel processing of transactions, side chains, and mult-ledger operations. The approach is different from regular blockchains which need more energy to boost their performance or to add blocks.
Whales are currently busy accumulating ADA for the next bull run, as per on-chain data.
4. Chainlink: Leveraging off-chain data for smart contract execution
Chainlink is an abstraction layer that enables blockchain to harness off-chain data for smart contracts. The critical data is harnessed by allowing interactions between blockchains and payment solutions, events, and data feeds.
The Chainlink network is operated by a community of smart contract developers, node operations, researchers, data providers, and security auditors, among other kinds of professionals.
Its native token is LINK and it’s used for all making all kinds of payments within the Chainlink ecosystem.
Chainlink is one of the first decentralized platforms to facilitate the integration of off-chain data in smart contracts. Chainlink today is among the biggest platforms in the field of data processing.
It has also worked with leading data providers who sell access to their data to Chainlink and monetize the data with them. Crypto users can earn rewards on Chainlink by managing data infrastructure as node operators.
Chainlink depends on a massive community of node operators to power its live Price Feed oracles network.
In a recent development, Chainlink announced that its Staking v0.2 program would be unveiled in November, with the priority migration. The upgrade would pave the way for greater flexibility for node operators and stakes through the unbonding mechanism.
It would boost security guarantees for oracles services by reducing the stake of the node operator. Buying LINK could help to register potentially King-sized gains in the next bull run as per many experts.
5. Polygon: Making zero-knowledge solutions more accessible for developers
Polygon is known as one of the top cryptos to invest in as it makes scaling Ethereum dApps and virtual machines an easy and hassle-free experience. By using solutions powered by zero-knowledge technology, it gains an edge over other platforms.
The Polygon SDK is also preferred by a lot of developers due to its modular and flexible framework that can be integrated with various kinds of dApps. With the help of Polygon SDK, developers can deploy standalone blockchains, optimistic rollup chains, zk rollup chains, and other kinds of decentralized infrastructure.
The platform’s native token is also one of the most popular cryptocurrencies in the world.
Using Polygon, developers can transform an Ethereum-based dApp into a multi-faceted and interoperable system. The multi-chain would function like an interoperable platform with benefits like Ethereum security.
The Layer 2 blockchain combines the proof-of-stake consensus and the Plasma Framework to execute smart contracts and make them more scalable. With the Plasma Framework, Polygon can potentially house countless number of dApps without any problems.
As far as throughput goes, developers won’t be disappointed because it can boast of a throughput of 65,000 transactions in a second on its sidechain. These sidechains are designed to support a wide array of DeFi protocols that are compatible with Ethereum. MATIC holders are patiently waiting for huge returns during the next bull rally.
Conclusion
Whether it’s old and trusted names like Ripple, Cardano, Chainlink, and Polygon or a top ICO like InQubeta, the crypto market is one place where no one goes home disappointed.
According to analysts, these five cryptocurrencies have a high growth potential which means they can easily fetch returns over the long term. Some, like InQubeta, have deflationary tokens, which means one’s returns stay intact even when the market drops.
It’s always advisable to research a token well before buying it. By researching the use cases of a cryptocurrency, buyers can identify potential risks and make better decisions.