The huge gains delivered by the crypto markets in 2023 were impressive. The cryptocurrency universe celebrated a record $1 trillion market cap and also witnessed many new token launches.
There were also many new updates and partnerships to attract new crypto users. As the year ends, the crypto market is showing no signs of slowing down. Analysts who have been monitoring the crypto market feel that 2024 is likely to be a momentous year too.
For people looking to jazz up their portfolios, analysts’ top recommendations include InQubeta (QUBE), Algorand (ALGO) and Render (RNDR). These tokens are among the most demanded cryptocurrencies in the market today and are sure to end all your concerns about what cryptos to buy now.
InQubeta is a new member of the cryptoverse and it has created quite a storm in the market. The decentralized platform assists startups working on artificial intelligence-based projects to find the right investor to back them.
Its ICO has also been a huge success. The crypto project has managed to raise over $5.5 million in presale funding so far.
InQubeta: Hassle-free crowdfunding for AI startups
InQubeta is among the best cryptocurrencies to buy in today’s market as it can help to drive financial inclusion even for retail users. It is built on Ethereum which is a time-tested network and is known for high-speed performance and a strong security framework.
The InQubeta platform ensures seamless and direct interactions between investors and startups. The platform’s native cryptocurrency is known as the QUBE token. QUBE is a versatile asset with multiple use cases and is used for all transactional purposes inside the ecosystem.
QUBE has a distinctive edge over several other asset classes due to its deflationary character. A deflationary model safeguards an asset’s value against inflation or market turbulence.
The QUBE model works on the principle that a scarce supply will leave little room for price fluctuations and will keep the token value stable in the long term attracting many new buyers.
This scarcity is maintained by regularly burning or destroying any extra tokens that might enter the circulation supply. The InQubeta ecosystem has built a separate burn wallet for destroying extra tokens and removing them from the overall supply.
InQubeta’s user-friendly model has earned it brownie points from both crypto users as well as analysts. The model has an intuitive interface and both startups and investors don’t have to struggle with needless formalities to get started. The lone requirement that startups need to fulfill is that of a rewards-based offer for investors.
These offers represent what investors can get in exchange for funding a particular startup’s work. They are uploaded on an online marketplace after being tokenized as NFTs.
At the online portal, investors can either buy the entire NFT or a fraction- as the asset can be fractionalised. All NFTs can be bought with QUBE tokens.
Algorand: Empowering highly scalable dApps through a self-sustaining blockchain network
Algorand is a self-sustaining blockchain network that has the ability to support a diverse network of dApps. Due to its high scalability and quick speed, many experts and on-chain analysts have constantly featured Algorand among the altcoins to watch out for this year.
The Algorand network has emerged as a highly popular and sustainable blockchain that helps developers. It allows users to deploy scalable and high-performance dApps easily.
Its native token ALGO is used for any transactional obligation that one encounters on the Algorand network.
Render token: Affordable GPU rendering services are now just a click away
The Render token is a decentralized platform where artists can find affordable rendering services. The Ethereum-based platform is utilized to make rendering services more accessible by bringing miners and artists together.
Artists or studios in need of rendering services can connect with mining partners who can offer GPU capabilities. For providing their services, the mining partners are paid in terms of the Render network’s native cryptocurrency, the RNDR token.
For verifying all rendered artwork, the Render token leverages a combination of automated and manual proof-of-work protocols.
Conclusion
InQubeta, Algorand, and Render are your best bets for making 2024 a memorable year for your crypto portfolio. Each of these tokens has set the market on fire in its own way.
While Algorand is redefining how dApps are created, Render is democratizing the GPU rendering service space. InQubeta is currently on every analyst’s best cryptocurrency ICO list and the emerging ecosystem is trying to empower startups and fuel an AI revolution.
The above-mentioned cryptocurrencies can also help you to become financially independent in the long term as they provide the ability to generate passive income.
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