The US Fed Reserve’s recent dovish remarks and other macroeconomic factors turned out to be the wind beneath the wings of the crypto sector as it soared to new highs. The bullish influence has helped many tokens to register double-digit gains.
What’s special about this rally was that it positively impacted not just top tokens like Bitcoin (BTC) but meme coins like Dogecoin (DOGE), Pepe coin (PEPE), and Floki Inu (FLOKI) as well.
Analysts expect this rally to extend further and boost the prospects of another top altcoin — InQubeta (QUBE).
InQubeta: A growth-oriented cryptocurrency
InQubeta is a new-age cryptocurrency that has democratized startup investments. Its native cryptocurrency, the QUBE token, is used for all payments.
The startups interested in fundraising are carefully chosen by the InQubeta team to avoid fraud. These enterprises submit their investment proposals which are tokenized into NFTs. The NFTs bear all information about the projects that investors would like to know and can be fractionalized.
Once crypto users make up their minds about which project they would like to back, they can buy the corresponding NFT using their QUBE tokens.
The Ethereum-based project helps AI startups raise funds from crypto users in exchange for a share of their equity. The transparent exchange helps crypto users across the world become financially independent and participate in the AI revolution.
Its presale stages have raised over $12.5 million till now, putting it on analysts’ best cryptocurrency ICO lists.
The token sports a deflationary model which can end all your worries about what cryptos to buy now. The deflationary mechanism allows the token to post regular returns during periods of market stress by restricting its supply.
Mining company Nilam Resources eyes Bitcoin
Bitcoin is among the highest-earning crypto assets in the world that leverages the proof-of-work algorithm. Its native token BTC was among the names which clocked double-digit gains recently following a market rally.
Though 2024 saw the rollout of several emerging cryptos, they were overshadowed by the launch of BTC exchange-traded funds in the US.
After getting a go-ahead from US regulators, the ETFs debuted in the US markets in January and there has been no looking back since. These ETFs have raked in billions of dollars worth of investments so far
The platform has been in the news after South American mining firm Nilam Resources announced its plans to acquire over 24,000 Bitcoin.
As per reports, the company has submitted a Letter of Intent with Xyberdata Ltd to acquire the common stock owned by a special purpose entity. The entity will hold 24,800 BTC tokens, which are valued at around $1.7 billion.
Dogecoin market cap crosses $28 billion
Dogecoin is a popular meme coin that’s inspired by the Shiba Inu dog breed. Analysts feel that its native token DOGE is among the altcoins to watch out for this year as it has been posting record-high gains.
It recently hit the headlines after its market cap crossed $28 billion.
Binance to offer new trading pairs with Pepe coin
The Pepe coin is the latest meme coin to make it big in the crypto market. Its native token PEPE has been one of the biggest grossing assets in the altcoin sector.
Its growing popularity is leading crypto exchanges to explore its potential. Binance recently announced that it would be offering new trading pairs with the PEPE token.
Floki Inu to launch regulated bank accounts
Floki Inu’s success exemplifies that innovation doesn’t always have to be boring. Its official token, FLOKI, is the official medium of exchange on the platform.
The meme coin is gearing for a new innings as its development team has unveiled its roadmap for 2024.
The plan includes a debit card powered by the FLOKI token and the launch of regulated bank accounts. These accounts will be rolled out in partnership with Venus DeFi protocol.
Conclusion
InQubeta, Bitcoin, Dogecoin, Floki Inu, and Pepe coin have raised the bar for the DeFi sector and are inspiring innovators to create more user-friendly assets.
These tokens are among the best cryptocurrencies to buy and have proved their mettle with consistent gains throughout the year.
These cryptocurrencies have also unveiled several new initiatives that have expanded their reach. Pepe coin, Floki Inu, and Dogecoin have been recording double-digit gains due to a recent rally.
For Bitcoin, the rollout of BTC ETFs coupled with interest from institutional investors like South American mining company Nilam Resources has been a major growth boost.
In InQubeta’s case, the crypto project has taken the AI community by storm as it helps startups access resources that could fuel new ideas.