The cryptocurrency market is a place of constant surprises and volatility. The surprises aren’t always welcome, but there’s always a new day and a new cryptocurrency to look forward to. We are almost halfway through 2023, and the crypto market continues to clock new records and new projects. Many of these new altcoins have left behind popular older altcoins and are fast becoming crypto users’ favorites. Take the example of InQubeta (QUBE), which is an Ethereum-based decentralized platform designed to help startups working in the field of artificial intelligence to find investment opportunities. Startups can gain easy access to relevant investors and avoid expensive third-party agents.
The reason why many analysts consider it to be a good crypto to buy is because of the ease with which it caters to the needs of both startups and investors. Startups get access to genuine and authentic fundraising opportunities and investors get to be a part of projects that are leveraging pioneering technologies like artificial intelligence. By investing in future-ready projects before they even hit the markets, investors get to benefit from the early mover advantage. The following list features six more cryptocurrencies that are also coming up with exciting innovations. Always diversify your portfolio in order to reduce risk.
1. InQubeta: The ICO everyone is talking about
InQubeta is an innovative crypto platform that’s paving the way for future-ready solutions by enabling innovators to access the required funds for their projects. With InQubeta, both startups and investors get to access authentic and promising opportunities. With its niche model, InQubeta also bridges the gap between innovators and potential investors. Its native token is QUBE and it’s modeled on the ERC-20 standard of the Ethereum network.
The QUBE token will be used for all transactional purposes on the platform and its ico is the talk of the town. The QUBE token’s presale is currently in its first stage and the team has decided to set aside 65% of the 1,500,000,000 supply for the presale process. So far, the cryptocurrency ico has raised over $800k. Even though the presale process is in its inaugural stage, the team has already sold over 70% of the tokens.
A key feature of the QUBE token is its deflationary model where the coin supply is always adjusted to minimize price fluctuations. This is done by sending all extra tokens in circulation to the ‘burn wallet’ where they are destroyed. QUBE token holders get voting rights which they can use for voting for any proposals moved by other community members.
To get started on the platform, startups would first have to decide on what they’d like to offer the investor in exchange for the funds. They might offer an equity share in their company or a corresponding reward level.
Next, startups would have to create an NFT representing their reward and the digital asset would be uploaded on InQubeta’s NFT marketplace where potential investors can evaluate them. If an investor likes the deal, they would pay for the NFT in QUBE tokens and the proceeds go to the startup. Also, investors have the option of buying fractions of these NFTs.
2. DigiToads: A cryptocurrency with limitless potential
DigiToads is among the new altcoins that have been able to make the right kind of noise with their state-of-the-art models. In DigiToads’ case, it’s model leverages hybrid DeFi where features of multiple cryptocurrencies are combined to give the user high-end utility. With DigiToads, one can stake NFTs, trade crypto assets, win cryptocurrencies in play-to-earn games, enter prize draws, and be rewarded for actively engaging with the platform. The only way to access all these opportunities is to acquire the platform’s native token TOADS which is powered by the ERC-20 standard of the Ethereum network.
One of the most popular features of DigiToads is the trading competitions that its team organizes every month. The contests assess community members’ skills while trading and reward the participant who trades with the highest profit margin. The team gives 10% of the profit to the winners and also trains them to manage the treasury. After the training ends, the winning participants help the team in managing the DigiToads treasury.
3. Polygame: The one-stop-shop for gaming enthusiasts
Polygame is among the new altcoins that are touching new heights of popularity in 2023. It has been developed as a blockchain-powered esports platform catering to streamers, Web 3.0 players, fans, advertisers, and tournament operators. The primary cryptocurrency on the network is Polygame’s native token PGEM which is used for any transactional purpose one may encounter on the network. Another notable feature of Polygame is its NFT marketplace where community members can purchase, sell or trade digital collectibles like team memorabilia, player cards, and livestream grabs of important highlights of a game.
4. Archway: Where developers get their due share
If you are looking for a top crypto to invest in, Archway could be a good project to consider. It has been developed as an incentivized smart contract blockchain for the Cosmos ecosystem.
With Archway, developers can build high-performance dApps and get rewarded according to the value they add to the network. When a developer deploys an impactful dApp and it gains popularity on the Archway network, they also receive a proportional share of network fees. What’s more, is that the Archway network is optimized to ensure a hassle-free developer experience.
Right from cross-language support to native bridges for multi-chain transfers and interactions, there are several developer-friendly features to explore on Archway. Its native token is ARCH and it’s the primary cryptocurrency on the network. There are three kinds of rewards that developers receive on Archway. The first is gas rebates. On Archway, the gas fee is shared between the validators and dApp developers. The other kind of reward is token inflation. When new tokens are generated, 75% of them are distributed among validators while the remaining go to developers. The third one is the smart contract fee which is fixed by dApp developers to pay for additional costs like off-chain processing and distributed storage.
5. Polkadot: Exploring the potential of parachains
Polkadot is one of the top crypto coins that one can find in today’s market because of its utility-dense model. What makes Polkadot unique is that it’s an interoperable network of parachains – interlinked as a sovereign Layer 1 blockchain. With its network of parachains, Polkadot can overcome the challenges of legacy systems and facilitate the mass adoption of decentralized solutions. These parachains pave the way for the seamless transfer of data and assets, thereby boosting Polkadot’s functionality. The platform’s native token is DOT and it’s the medium of exchange on the network.
Apart from transactional uses, the DOT token is also used for staking on the Polkadot network. Under its advanced staking mechanism, DOT token holders can enjoy maximum decentralization and get rewarded for their staking efforts. The DOT token also comes in handy for bonding purposes. New parachains are added to the Polkadot network through bonding tokens. At the same time, if parachains become outdated or are no longer useful, they are removed by removing the bonded tokens.
6. Polygon: Taking Ethereum’s efficiency to the next level
Polygon is a next-generation platform offering several blockchain-based tools for scaling Ethereum-based dApps and other decentralized infrastructures. Leveraging zero-knowledge technology, Polygon enables developers to unleash their creativity with tools like zK rollups, sidechains, app-specific blockchains, and decentralized identities.
Polygon’s top offerings for developers include the Polygon PoS which offers a high-end user experience, EVM compatibility, and almost zero gas fees. Another offering by Polygon that’s quite popular among developers is Supernets with which the former can build app-specific blockchains on the network.
The network has released a native token called MATIC which is used for various transactional purposes. Apart from developing and scaling DeFi tools, one can also stake MATIC tokens and validate transactions in exchange for rewards. The Polygon team has set aside 12% of the total 10-billion supply of MATIC tokens for distributing staking rewards. Validators can set their commissions for delegating their staking responsibilities and will also be eligible for annual incentives.
7. Cardano: Deploying scalable and secure dApps
Cardano is a leading altcoin that allows developers to build scalable and user-friendly dApps without paying high charges. The secret to Cardano’s hyper-efficiency is the blockchain protocol that it’s built on – Ouroboros. What’s different about Ouroboros is that it’s based on peer-reviewed research and an evidence-based methodology.
The protocol equips developers with a wide array of tools with which they can scale their dApp on a global level without compromising its security and with minimum energy requirements. Ouroboros achieves this balance between performance and scalability through a mix of approaches which include parallel transactions, multi-party state channels, multi-ledger, and side chains. As the number of staking pools increases, so does the network size. The Ouroboros protocol can also adjust parameters to gauge how well specific staking pools are performing.
As its choice consensus algorithm is proof-of-stake, it’s an environment-friendly blockchain platform. The platform’s native token is ADA and it’s used for all transactional purposes like paying taxes and staking.
Conclusion
If you are confused about which crypto to buy today for the long term, the above-mentioned seven projects make for dependable options. They are powerhouses of features and sport cutting-edge code architectures that make them utility-centric projects. However, if you ask analysts about which of these would be ideal in terms of growth potential, most are likely to suggest InQubeta. The reason behind their unanimous choice is InQubeta’s industry-linked use case which can catalyze both the startup industry as well as the DeFi ecosystem. Over the next few months, analysts also expect the QUBE token to grow by 40x.
Having said that, it’s important to remember that rather than blindly following crypto recommendations, one should always research a crypto project. By reading up about a crypto project or consulting an expert, one can get acquainted with the potential risks associated with it and make well-informed decisions.
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