Buying up Ethereum (ETH) has been a good crypto investment to make in the past year as prices have grown 104%. Its price growth has lost some momentum recently as it pulled back after enjoying substantial gains.
Many analysts expect ETH to enjoy considerably more growth in 2024 thanks to its recent Dencun upgrade and the rising odds of spot exchange-traded funds being authorized in the next few months.
Some of the most popular artificial intelligence (AI) models around agree that ETH is poised for significant growth in 2024. Anthropic AI’s Claude 3 Opus predicts prices can grow as high as $5,000, while CoinCodex’s AI model predicts Ether’s price will reach $4,778. CoinPriceForecast predicts its prices will reach $6,632, while ChatGPT suggests prices could pass $4,000.
Ethereum isn’t the only altcoin that’s enjoyed considerable growth in the past year, as one of the new DeFi projects built on its blockchain, InQubeta (QUBE), has enjoyed 300% growth in the same period as its presale transitions into its ninth stage. Over $12.4 million has been raised so far, a lot more than other top DeFi projects like the Solana (SOL) network.
InQubeta is expected to outperform Render (RNDR) in 2024, despite the latter enjoying over 846% growth in the last year. Some analysts believe QUBE’s price could grow as much as 50x once launched on exchanges.
InQubeta’s (QUBE) 50x growth projections make it one of the best coins to invest in
InQubeta is set to become the one of the most dominant cryptocurrencies in the AI-focused crypto space thanks to the massive investor interest the project has been able to generate so far and the innovative way it aims to make investments in AI more accessible for regular investors.
It inherits the versatility of the Ethereum network, which allows startups in its ecosystem to digitize the investments they have to offer investors into non-fungible tokens (NFTs). Investors then buy up these ERC20 coins with the project’s native currency and governance coin, QUBE. They can keep their tokens for as long as they desire or resell them to other users.
The artificial intelligence industry has seen a massive increase in investment capital since 2015 and approximately $120 billion is currently directed into the space. That’s nothing compared to the $1.5 trillion expected to stream in artificial intelligence by 2030.
The inflows into the artificial intelligence space positions platforms like InQubeta for considerable growth in the coming years as it provides a mutually beneficial environment for AI startups and those who want to invest in them.
Ethereum’s (ETH) price is expected to reach as high as $6,632 in 2024
Ethereum has been one of the frontrunners as the greater cryptocurrency market surges upward thanks to Bitcoin (BTC) setting new all-time highs (ATHs) in 2024 and analytics done with AI models suggest prices will grow a lot more.
The increased efficiency of the Ethereum network brought forth by the Dencun upgrade and the possibility of spot ETFs being approved soon could take Ether’s price to new highs this year.
Render (RNDR) set new ATH in March
RNDR set a new ATH at $13.60 on March 17 and a lot more growth is expected given its fast-growing user base. It was one of the top AI-cryptos in 2023 thanks to its ecosystem allowing users with unused computing power to monetize their GPUs by renting it out to other users.
Summary
RNDR, ETH, and QUBE are three of the best altcoins to add to your cryptocurrency portfolio today. QUBE is expected to enjoy the most growth with some analysts predicting as much as 5,000% growth as it opens up investments in the AI sector.
