In September, the total volume locked in the global DeFi market was reported to be over $38 billion. With just three more months left in 2023, crypto analysts feel that the market is likely to continue with its growth momentum and might register new gains.
If you are looking to seize the opportunity in October, you may be surprised to know that there are quite a few top altcoins that are expected to smash multiple crypto records in the coming months. As per analysts, altcoins like Aptos, Cosmos, and Hedera could potentially provide huge gains in the near future. However, there are also some newly launched projects like InQubeta (QUBE) that have proved their mettle with their recent robust performance. To know more about the best altcoins to invest in October, check out the following tokens.
1. InQubeta: Equipping AI startups with growth-oriented tools
InQubeta is a leading platform that allows startups working with artificial intelligence to access fundraising opportunities from genuine investors. The platform sports user-friendly features to ensure that both investors and startups can access genuine opportunities for long-term growth. While startups get the required funding for their projects, investors get to access projects that are in tandem with evolving technologies. Investors also get to explore projects ahead of their market launch and can stay ahead of the competition.
The platform’s native cryptocurrency is the QUBE token and it’s used for all transactions and rewards on the network. Interested users can buy the QUBE token on presale at an attractive price of $0.0133 currently. Analysts have predicted a potential huge rise for the QUBE token since it is backed by diverse use cases.
InQubeta’s presale success has made it very popular among buyers. Currently, in its fourth presale stage, the QUBE token is being touted as one of the best new ICOs of 2023 after its presale funding crossed $3.4 million.
The QUBE token has a deflationary model which helps token holders avoid losses due to market volatility. Under a deflationary model, the token supply is always kept lower than the market demand. A scarce token supply not only prevents price fluctuations but also keeps the token value stable. If the supply increases beyond a stipulated level, the InQubeta team destroys extra tokens by sending them to a burn wallet.
A special privilege that QUBE token holders can look forward to enjoying with InQubeta is voting rights. As InQubeta has a decentralized system of governance, it encourages stakeholders to put forward their suggestions to improve the protocol’s capabilities. These suggestions are discussed extensively before being put to a vote. Token holders can exercise their voting privileges to express their opinions about a proposed change.
Any startup looking to explore opportunities on InQubeta would first have to come up with an offer for the investor. The offer would represent the reward level that an investor would be getting should they decide to invest in the startup. After being tokenized and minted as NFTs, all offers by startups are uploaded on the NFT marketplace where the investors can evaluate them. If an investor agrees to a startup’s offer, they can purchase it with their QUBE tokens. What’s more is that investors have the option of buying either the entire NFT or a part of it as the asset can be fractionalised.
2. New upgrade to integrate Bitcoin into the Cosmos network
Cosmos is an interconnected network of blockchains that facilitate the seamless transfer of assets and data. The ecosystem has been designed to promote the adoption of Web 3.0 solutions. Its modular framework makes the process of deploying dApps easier without sacrificing security. Its native token is ATOM.
Over the years, new partnerships and integrations have enabled Cosmos to ramp up its user base and scale globally. Recently, Cosmos announced that it will be integrating Bitcoin within its network via a planned upgrade by the non-custodial Bitcoin bridge Nomic. Cosmos can be accumulated for long-term gains and many analysts predict that it might witness a rally in October 2023.
3. Stellar, PwC launch framework for blockchain projects
Stellar is a top altcoin that is maintained by the Stellar Development Foundation. It serves as an interconnected blockchain protocol for crypto payment services and financial institutions. The native token is represented by the ticker symbol XLM and is preferred by remittance users across the globe.
The Stellar Development Foundation has partnered with global consultancy firm PwC to come up with a financial inclusion framework for budding blockchain projects. The framework enables users to assess the efficiency of the blockchain project. With the framework, the two entities have concluded that blockchain-based products can boost the speed of payments while helping their users beat inflation. Stellar is a top crypto investment for October 2023 since it has many major partnerships that could be finalized soon.
4. Litecoin: Lightning-fast crypto payments just a click away
If you choose to hold Litecoin for the long term, you won’t have to worry about what cryptos to buy now. The decentralized platform facilitates lightning-speed transactions for sending cryptocurrencies anywhere in the world. By leveraging the potential of blockchain technology, Litecoin ensures that these payments are made cost-effectively. What many people don’t know is that Litecoin was inspired by Bitcoin. However, there are some key differences between the two in terms of block transaction times, hard cap, and the hashing algorithm used by the two cryptocurrencies. Litecoin has a block time of just 2.5 minutes and it charges a nominal fee for facilitating transactions. These features make it a suitable option for micro-transactions or traders using point-of-sale machines. The platform’s native token, LTC, is a popular cryptocurrency that’s used for any transactional purpose that one might come across on the network.
Given its stellar performance in the market, whales are stockpiling the LTC token and it has emerged as a leading altcoin for October 2023 with a user-friendly interface and utility-centric features. Many analysts are confident about its prospects and feel that it could register several rallies soon.
5. Aptos to provide immersive virtual experience for ‘The Exorcist: Believer’ fans
Aptos is among the best cryptocurrencies to buy in today’s market as it works to boost mainstream adoption of Web 3.0 solutions. It also equips developers with cutting-edge tools to design scalable dApps that can solve practical problems. The Layer 1 blockchain leverages Move, which is a smart contract programming language that was developed by Meta developers. It uses the proof-of-stake consensus protocol for securing its network and achieving a throughput of up to 150,000 transactions in each second, all thanks to parallel execution. In parallel execution, all transactions are executed sequentially and validated later. Its native token APT is the primary cryptocurrency of the network.
Aptos Labs, the organization that maintains the Aptos blockchain, has also partnered with Universal Pictures to create a digitally immersive experience for its new film ‘The Exorcist: Believer’ series which is releasing in October. People who buy the ticket will receive a redemption code which they can use to enjoy a virtual experience, collect artworks, and use the Exorcist-themed AR filter. Aptos’s diverse use cases and new venture partnerships with entertainment enterprises have ensured that it remains a top crypto investment for October 2023.
6. Optimism rolls out a test version of the new fault-proof system
Built on the Ethereum network, Optimism is a Layer 2 blockchain that enables developers to scale their Ethereum-based dApps seamlessly. The secret to Optimism’s success is the use of optimistic rollups. The rollups allow transactions to be recorded on the Optimism network but are finally secured by Ethereum in a trustless manner. All transactions are submitted to Ethereum without any proof of validity and can be challenged within seven days. After the period ends, the transactions are considered final.
Developers also seem to favor Optimism as its design process promotes the long-term sustainability of dApps. It uses rollups and Ethereum’s consensus protocol to boost scalability. The platform’s native cryptocurrency is OP which is used for various transactional purposes.
Optimism’s developer OP Labs recently rolled out a testnet version of its new fault-proof system that will pave the way for a superchain with a higher degree of decentralization and efficiency. The fault-proof system is presently deployed on the Optimism Goerli network. Optimism has been the hot favorite of Layer 2 enthusiasts and can be accumulated as a top crypto token for October 2023.
7. Hedera partners with Twigital to fight counterfeits
Rated as one of the altcoins to watch out for October 2023, Hedera is an enterprise-grade public blockchain where developers can find a wide array of tools for building high-performance dApps. Being powered by the Hedera Hashgraph technology, it has been attracting many developers with its ability to eliminate challenges like a lack of interoperability and low throughput that are usually associated with legacy networks. The other services that developers can look forward to enjoying on Hedera are file storage, smart contracts, and seamless transactions. The platform’s native token is HBAR and it’s the official medium of exchange of the Hedera ecosystem.
A key reason why Hedera has been making rapid strides in the DeFi market is because of its collaborations and partnerships that help it expand its capabilities. In a recent development, Hedera partnered with Twigital to fight counterfeit products through its 3D digital receipt feature for ascertaining the authenticity of a physical product. Twigital leverages blockchain technology to offer tokenization and digitization services for physical products.
Conclusion
The seven cryptocurrencies listed above are some of the best altcoins that you will find in the market today as they are a powerhouse of features. Plus, their utility-centric models make them a long-term bet and perfect for diversifying a crypto portfolio.
However, when it comes to the long-term scenario, most of them lose out to InQubeta’s growth potential. By democratizing the startup investment space, InQubeta enables a regular crypto user to become a startup investor and create a sustained source of income that could secure their future. Another reason why many analysts are rooting for the Ethereum-based platform is because of its strong presale growth. QUBE has been featured regularly on many experts’ best cryptocurrency ICO lists of 2023.
Crypto users must always research a token or consult an expert before buying a cryptocurrency. By doing their due diligence, crypto users can identify potential risks associated with the project and make well-informed decisions.
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