The crypto sector saw significant changes after Bitcoin (BTC) shot up to $45k while Solana’s (SOL) price continued to fluctuate. In the wake of their growth in the past, analysts remain bullish on both two tokens.
On the other side of the market, InQubeta (QUBE) and Kaspa (KAS) were among the most sought-after cryptos. These two tokens are top crypto coins with diverse use cases.
Kaspa implements the GhostDAG protocol that allows quick settlements while InQubeta helps startups find investors for artificial intelligence-based innovation. The latter was rolled out in 2023 which makes its rise all the more impressive.
Built on Ethereum, InQubeta has outperformed many altcoins with its presale. Its ICO has so far raised $7.9 million.
InQubeta: Creating a hub of startup innovation
InQubeta aims to promote the growth of AI technology startups with a transparent investment model. Its DeFi-based mechanism removes the challenges that innovators usually face while finding backers for their projects. The investors on InQubeta don’t have to worry about authenticity as startups are carefully evaluated before onboarding.
The InQubeta team has developed a native cryptocurrency, the QUBE token, to simplify payments on the platform. The token is a handy asset for anyone looking to expand or diversify a portfolio. The supply of the QUBE token is 1.5 billion and it’s carefully regulated to avoid internal inflation.
It’s one of the best crypto investments available today as there are staking opportunities available on the platform too.
InQubeta has devised a straightforward NFT portal through which startups and investors can interact. The NFTs available in the marketplace are tokenized versions of startups’ offerings. They represent how and what the investor can gain by backing a particular project.
Apart from funding, startups can explore a range of services available on the platform for strengthening their business. These services include mentoring and guidance from industry professionals.
Startups can look forward to interacting with AI experts to know more about the sector’s challenges and how to go about them.
BlackRock adds two authorized participants for Bitcoin ETF
Based on the proof-of-work consensus algorithm, Bitcoin is a permissionless cryptocurrency that can power quick online payments. Its native token, BTC, is among the most traded assets in the market today.
BTC has been posting a robust performance amidst speculation over the pending approval of spot Bitcoin ETFs. It recently surpassed $45k, but dropped bact previous resistance point of $42.700k. Analysts have predicted a huge bull rally for the pioneering cryptocurrency once ETFs are approved. The increased inflow of institutional money in the cryptocurrency sector could help mainstream adoption in the long term.
Investment management firm BlackRock was among the first to apply for a Bitcoin ETF to the regulatory body. It recently named Jane Street and JP Morgan as authorized participants for the proposed ETF.
Kaspa launches new mining pools
Kaspa is a decentralized platform that implements the GhostDAG protocol. All transactions on the network are conducted in terms of native token KAS.
These transactions are validated with the proof-of-work protocol. Under the protocol, miners generate new tokens and are rewarded with cryptocurrencies.
Kaspa has come up with many new updates to attract developers. Earlier in December, Kaspa rolled out mining pools on BNB Chain and Polygon.
Developer receives a $1.5 million prize for finding a bug in the Solana network
Solana is a decentralized platform that provides Web 3.0 tools for creating dApps and NFTs. It’s a good crypto to buy as it can support multiple decentralized applications. Its native cryptocurrency is SOL.
Solana has a wide range of resources that developers and experts can use to explore new use cases. These resources include grants, community courses, bug bounty programs, and in-depth documentation.
Recently, a developer received a $1.5-million prize for spotting a bug in the network. The prize was 100k SOL tokens which will be paid to the developer over two years.
Conclusion
Bitcoin, Kaspa, Solana, and InQubeta are considered the best altcoins to buy now due to headline-making performances in 2023. These four cryptocurrencies harness the power of DeFi to bring blockchain technology closer to retail users.
These crypto assets make it easy for both individuals as well as enterprises to explore the power of blockchain. As the crypto sector matures, these tokens could potentially deliver handsome returns in the long term.
Cryptocurrency users must carefully evaluate a platform before committing large sums of money.
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