The cryptocurrency market ringed in 2023 on a positive note and has maintained momentum after its market cap surged to $1 trillion in the first quarter of the year. If analysts are to be believed, the industry is likely to maintain this momentum in the future. So, if you are yet to explore cryptocurrencies, it’s time you hopped on the crypto bandwagon to know what these blockchain-based assets are all about.
As a beginner too, you will find many dependable crypto projects that can boost your portfolio. For instance, InQubeta (QUBE) is among the top crypto coins of 2023 and it is both user-friendly and utility-centric – a perfect combination of features for anyone who is just starting out.
It has been developed as a fundraising platform for startups leveraging artificial intelligence (AI) for innovative projects. Not just startups, InQubeta is a dynamic place for investors to explore futuristic projects even before they hit the market.
The following list features five more cryptocurrencies that, like InQubeta, are ideal for beginners in the crypto market. Always diversify to protect your capital and reduce the risk as cryptocurrencies can exhibit a lot of volatility, especially in the short term.
1. InQubeta: Scaling new heights with AI
InQubeta is no ordinary cryptocurrency. It’s packed with features and a dynamic model that has the capacity to transform an entire industry. Not only that, it seeks to open up new opportunities in the popular field of AI. By combining AI and decentralized finance, InQubeta is well-positioned to drive industry-wide impact. It’s a user-friendly platform, so both startups and potential investors can explore mutually beneficial opportunities without any hassles. It has released a native token – called the QUBE token – which you will need to access features of the platform. It’s built on the ERC-20 standard of the Ethereum network and can be bought on presale.
When it comes to its cryptocurrency ico, InQubeta’s presale growth has left both analysts and crypto users impressed. The crypto project is in its second stage of presale and has raised over $1.25 million in funding so far. The QUBE token is priced at 0.0098 USDT. What’s more, is that there are still seven presale stages to go and the project has sold 60% of the tokens allocated by the team for the presale stages.
The QUBE token has been garnering a lot of attention for its versatility. The token forms a core part of InQubeta’s decentralized governance structure. Under a decentralized autonomous organizations model (DAO), all stakeholders have the freedom to make their concerns heard and pitch in with suggestions to boost the platform’s growth. All QUBE token holders get voting rights to vote for any proposals that might be moved by their community members. These proposals are concerned with operational issues that aim to improve the scope of the InQubeta ecosystem.
What makes InQubeta a good crypto to buy is the deflationary character of its QUBE token. In the case of a deflationary token, the supply is always monitored to ensure that it doesn’t exceed the demand level. A scarce supply is preferred as it helps in curbing price fluctuations and keeping the token value stable. Anytime the supply exceeds the demands, all extra tokens in circulation are burned or destroyed by sending them to InQubeta’s ‘burn wallet’. Thanks to the QUBE token’s deflationary model, token holders don’t lose their hard-earned returns to market volatility.
An example of how the deflationary token works is the sell tax imposed on token holders who want to sell their coins. The platform charges 10% as sell tax any time a QUBE token is sold. The QUBE tokens used for paying the tax are used for various purposes like funding marketing campaigns or maintaining the treasury, but a small portion is sent to the burn wallet to prevent the supply from rising.
If a startup wants to look for fundraising opportunities on InQubeta, its team will first think of what it would like to offer the investors in exchange for the funding. The offer might be equity in the company or a corresponding reward. Interested startups then create an NFT which represents their offer. These NFTs are uploaded on InQubeta’s NFT marketplace for the investors to assess and evaluate. If an investor likes the offer made by a startup, they pay for the NFT using their QUBE tokens. A unique factor about these NFTs is that they can be fractionalised and investors can also buy parts of these digital assets.
Understanding the importance of sustained development of the platform, InQubeta allows its users to stake their QUBE tokens in exchange for rewards. By staking their tokens, QUBE token holders support InQubeta’s growth and prevent the demand-supply balance from being disturbed.
2. DigiToads: Hybrid DeFi at its best
DigiToads is among the new altcoins that were launched in 2023. The crypto project didn’t lose any time in wooing crypto users, all thanks to the cutting-edge features. What’s drawing most users to the Ethereum-based platform is its hybrid DeFi model which sports the functionality of three cryptocurrencies — a meme coin, a Web 3.0 game, and a stake-to-earn platform. So, on a single platform, you get to stake NFTs, trade tokens, win tokens in play-to-earn games, and enter prize draws. It also has a native token called the TOADS token and it’s a medium of exchange on the network.
One of DigiToads’ most popular draws is its monthly trading competitions. In these competitions, the participants have to book the highest profit margin by trading for a month. The one with the most profitable trading volume wins. The winners are rewarded with a share of profits and are given the chance to learn about managing the treasury with the DigiToads team. After they become more efficient at the job, they go on to help the team in managing the treasury.
DigiToads’ has also been winning a lot of praise for its play-to-earn game where the Top 25% of the scorers of a season are rewarded with crypto tokens. The game is based in a virtual swamp that’s styled like an arena and they have to defeat their competitors. The game features many interesting in-game assets like a unique breed of virtual creatures which have special powers and massive strength.
3. Tectum Token: Making legacy systems more efficient
The Tectum token is a part of the blockchain network that boosts the capability of legacy chains like Bitcoin. Its solutions improve the efficiency and cost of operations of older blockchains. The protocol offers reward models for B2B solutions that can be leveraged by enterprises and retailers. Its native token is TET which is used for all transactional uses on the network. Tectum employs the proof-of-utility consensus which boosts its speed while optimizing data distribution.
4. Polkadot: Parachains for seamless interoperable transfers
Polkadot is an interoperable network of Web 3.0 tools where developers can build user-friendly and scalable decentralized tools. Polkadot’s core feature is its network of parachains – which are interconnected sovereign and Layer 1 blockchains. The network of parachains paves the way for easy and seamless transfer of data and assets.
The native token of the Polkadot network is represented by the ticker symbol DOT. Polkadot was launched to allow better and instant communication between networks without relying on third-party solutions.
5. Monero: Blazing a trail with privacy-centric features
Monero is a privacy-focused digital currency where users can transact with the assurance of absolute anonymity and security. Its native token XMR is the medium of exchange on the network. Monero uses a range of technology-driven solutions for imparting unparalleled privacy to its users. These solutions include Ring Confidential Transactions, multi-signature authentication, and stealth addresses.
What’s more, is that the network mandates that all users are considered ‘anonymous’ so it rules out instances when payments might be made to the wrong addresses. Monero’s consensus mechanism is based on the proof-of-work protocol which ensures seamless mining of XMR tokens on the network. Miners can either operate solo or they can join a mining pool.
6. Litecoin: High-speed transactions just a few clicks away
Litecoin is a top crypto to invest in where users can make high-speed transactions without paying high charges. Its native token is LTC and it’s the medium of exchange on the network. It was initially created as a lighter version of Bitcoin. However, there are a lot of key differences as well between Bitcoin and Litecoin. For instance, Bitcoin uses the proof-of-work consensus algorithm and Litecoin leverages Scrypt technology.
Other key points that make Litecoin unique are its block transaction times, hashing algorithm, and hard cap. Litecoin has a block time of just 2.5 minutes – which is ideal for processing micropayments at a lightning-fast speed. The combination of high speed and a fee that’s extremely low makes Litecoin one of the best DeFi payment solutions. Any transactions processed on the network are confirmed in minutes.
Conclusion
The above-mentioned six cryptocurrencies are not only good options to consider when you are just starting out but they can be great for diversifying your portfolio too. Plus, their utility-dense models will give ample experience and confidence to explore the full potential of the DeFi ecosystem.
That being said, what about when you have to figure out which crypto to buy today for the long term? Which of these has the highest growth potential? If you ask analysts, the answer would be InQubeta. The Ethereum-based platform is evolving as a significant stakeholder in the AI revolution while empowering startups to grow.
Combined with its growth potential and other opportunities to earn passive income, InQubeta enables its users to build a steady source of passive income. Analysts have predicted that the QUBE token could potentially grow by 50x over the next few months. Head over to the presale site to learn more about InQubeta.
While deciding which tokens to buy, one should always research or read up about a token before purchasing. With thorough research, crypto users can know about potential risks associated with a token beforehand and make well-informed decisions.