Clocking a splendid market run, Bitcoin (BTC) made sure no one forgot about it in 2023. It breached the $ 43,000 mark to stage a market comeback bolstered by the excitement over spot exchange-traded funds (ETFs).
Its growth over the past few months has led many experts to predict an eventful innings for the token in 2024 as well.
InQubeta (QUBE) is another token that garnered worldwide attention in 2023. The Ethereum-based platform helps startups find funding for AI-based projects.
Apart from assisting startups scale globally, it also ended up on leading analysts’ best cryptocurrency ICO lists. Its presale funding currently stands at $7.8 million.
InQubeta: Redefining startup finance with DeFi solutions
InQubeta is a crypto asset that has shown immense potential for driving financial independence for companies and individuals. It utilizes the capability of the Ethereum network to provide a seamless user experience and transparent investment model.
The platform leverages its native cryptocurrency, the QUBE token, to allow decentralized decision-making while creating a vibrant community of patrons.
The QUBE token is built using the ERC-20 standard and can be bought on presale. Apart from facilitating transactional purposes, the crypto coin can diversify your portfolio while making it inflation-resistant. It’s an asset that can easily end all your worries about what cryptos to buy now.
The token challenges mainstream finance with its deflationary character that can lessen the impact of inflation on a crypto portfolio. A deflationary model limits a cryptocurrency’s supply to reduce price fluctuations during periods of inflation. As a limited number of tokens are available, the token’s demand or price doesn’t suffer.
In case there’s an uptick in the supply in such times, some tokens are destroyed in the burn wallet.
The team uses the same mechanism for curbing internal inflation, which is common when tax collections are high. If a QUBE token is bought or sold, the buyer or seller has to pay a tiny tax.
As these proceeds can increase the token supply, a nominal portion of the collections are burned. The rest is used for funding campaigns for marketing, giving out rewards, and injecting liquidity into the ecosystem.
Startups and investors connect on InQubeta through its NFT marketplace. When registering with the platform, startups have to submit a rewards-based offer for the investor. The offer stands for the reward that the investor would be eligible for on investing in AI-based projects. These offers are then minted as NFTs.
These NFTs can be fractionalised and are bought with QUBE tokens. Once the transaction is confirmed, the proceeds are transferred to the startup.
Top analyst says Bitcoin halving could boost bull rally
With another year of new records, Bitcoin has strengthened its position as one of the best cryptocurrencies to buy in 2024. Its native token BTC is still among the top-selling names across exchanges.
Analysts suggest its popularity is also driven by the fact that it’s the first ever cryptocurrency. It crossed $43,000 in 2023 triggering an extended rally.
The cryptocurrency uses the proof-of-work consensus algorithm for confirming transactions. Any new tokens are generated through mining for which miners are rewarded. BTC miners can operate independently or as a part of a mining pool.
In 2023, Bitcoin reached new heights of popularity due to the rising interest in spot ETFs. Leading asset management companies like BlackRock and ARK Invest have filed applications with the US Securities and Exchange Commission for rolling out Bitcoin ETFs.
According to reports, the SEC could make a final decision on ETFs as soon as the first week in January. Institutional money inflows into the cryptocurrency sector via the ETF route could provide a huge boost to the digital asset sector.
Meanwhile, renowned analyst Ali Martinez recently said that the Bitcoin halving proposed for April 2024 could stoke another bull rally for the cryptocurrency. According to Martinez, the positive price action is probable as Bitcoin’s cyclical price movements and resurgence in 2023 are closely linked to the halving event.
Conclusion
Bitcoin’s recent impressive performance and InQubeta’s massive presale success have laid the foundation for what analysts are calling an exciting upcoming year for the two tokens. These two tokens have been hailed as altcoins to watch out for in 2024 due to their high growth potential.
The two cryptocurrencies represent how DeFi is keeping up with the evolving needs of investors. They sport utility-dense models that can amplify crypto users’ gains over time.
