We’re over halfway through 2023 and the global crypto market has maintained its bullish momentum so far. With a market cap of over $1.2 trillion, the crypto industry offers a wide range of projects that one can explore and earn handsome gains. From Web 3.0 games to meme coins to stake-to-earn portals and even liquidity protocols, there’s a lot to keep you busy. This July, there have been many top crypto coins that have been reaching new heights of popularity with their utility-driven features.
These trending altcoins include newbies like InQubeta (QUBE) which has been consistently hitting the headlines with its cutting-edge features and strong presale growth. It’s a decentralized platform where budding startups can score investment opportunities for their artificial intelligence-based projects.
The Ethereum-powered platform goes beyond a traditional crypto project to solve a structural problem that has been ailing the startup sector’s growth for a long time. By providing these companies with genuine investment sources, the platform aims to revitalize the functioning of startups while driving an AI revolution on a global scale.
The following list features four other cryptocurrencies which, like InQubeta, have been trending in July and have the potential to take your crypto portfolio to the next level.
1. InQubeta: Building the future of AI with blockchain
In the short period of time since its launch, InQubeta has garnered a lot of praise from analysts because of its unique model. By bringing both investors and startups on the same platform, InQubeta enables both parties to explore genuine and mutually beneficial opportunities. Plus, investors get a peek into futuristic projects that are yet to hit the market and gain the early bird advantage.
InQubeta has rolled out a native cryptocurrency that functions as the medium of exchange on its network. The native coin is called the QUBE token and it’s built using the ERC-20 standard of the Ethereum network. The token’s presale growth has been quite impressive as crypto users are rushing to buy the token on presale. Having sold over 85% of the tokens in just two of the nine presale stages, InQubeta’s cryptocurrency ico has so far raised over $1.7 million in funding.
If you purchase the QUBE token, it will be accessible after its 12-week vesting period ends.
A notable factor about the QUBE token is its deflationary model which acts against market volatility and keeps the token price stable. A deflationary token’s supply is never allowed to exceed its demand. As such, if there’s an imbalance in the supply, the extra tokens are burned or destroyed by sending them to the ‘burn wallet’. As the supply is always limited, price fluctuations are minimized and token holders don’t end up losing their returns to market volatility.
Another important use of the QUBE token is that it is used for granting voting rights. InQubeta implements a decentralized autonomous organizations (DAO) model for its governance structure. Under the DAO model, all community members have the freedom to air their concerns and pitch their suggestions about ways to improve the scope of the protocol. All such suggestions are put to vote before the community, and token holders get voting rights for proposed changes.
InQubeta also offers its users staking opportunities where they can earn crypto rewards by locking their tokens. These staked tokens support the growth of the blockchain platform while keeping the QUBE token supply scarce.
If a startup is interested in exploring investment opportunities on InQubeta, it would first have to create an NFT that represents what it would like to offer the investor in return for funding. These NFTs are uploaded on the NFT marketplace where investors can evaluate and buy them. The NFTs can be fractionalized or divided into smaller assets, which gives even small-time investors a chance to invest in startups. If an investor is convinced by the terms offered by a startup, they can pay for the NFT, or a fraction of it, with QUBE tokens.
2. DigiToads: A cryptocurrency committed to the environment
DigiToads is a leading cryptocurrency that is built on a hybrid DeFi model where users can explore several options to earn passive income. These options include playing Web 3.0 games, staking, trading tokens, winning tokens in various competitions, and bag rewards for active participation. All these rewards will be distributed using DigiToads’ native cryptocurrency, the TOADS token. The token is also used for making various payments, paying taxes, and staking.
DigiToads differs from most other cryptocurrencies because of its commitment to the cause of sustainability. The platform has mapped out several initiatives through which it aims to support the preservation of rainforests and environmental conservation.
For instance, the DigiToads team will be donating a small share of the project’s annual profits to organizations that are replanting trees every year. It will also be donating the sale proceeds generated from the sale of its soon-to-be-launched merchandise range. The organizations that will be receiving the donations will be selected by the community members.
Over the next few months, DigiToads will be launching a new think tank where community members will be able to attend knowledge sessions on a wide array of topics including cryptocurrencies.
3. Solana: Exploring the potential of a hybrid consensus model
Maintained by the Solana Foundation, the Solana protocol has been designed to support the seamless creation of dApps. Its native cryptocurrency is the SOL token that facilitates all transactional use cases on the Solana network.
It’s a top crypto to invest in which leverages a hybrid consensus protocol. Under this hybrid protocol, the proof-of-stake consensus is combined with the proof-of-history protocol. The combination gives Solana an edge with benefits like a higher throughput and scalability.
The proof-of-history consensus handles the processing of transactions. A major advantage associated with this consensus model is the reduced validation time required for both execution of smart contracts and processing transactions. The model has helped Solana edge past many popular altcoins while drawing a lot of institutional interest. Many developers prefer the Solana ecosystem due to its faster transaction time and lower fees.
4. Avalanche: For a hassle-free deployment of dApps
Avalanche is a Layer 1 blockchain where developers can access a wide range of tools to build dApps and customized blockchains. Its native coin, the AVAX token, is the primary cryptocurrency on the network. What makes it a good crypto to buy is its high throughput – it can process around 6,500 transactions in a second – without hampering the dApps scalability. The team behind Avalanche has been making rapid strides by adding new features to the
platform. For instance, the team has been boosting Avalanche’s interoperability with blockchain networks like Ethereum by developing bridges.
Avalanche has won brownie points with developers with its code architecture. Its code features three blockchains and each of them has a different use case. The division of tasks not only boosts the throughput of the network but also increases the degree of decentralization. The Avalanche code comprises the Exchange or X Chain, the Contract or C Chain, and the Platform or P Chain. At the Exchange Chain or X-Chain, AVAX tokens and other assets are created and exchanged. At the Contract Chain or C-Chain, all dApps and smart contracts are hosted. Lastly, the Platform Chain or P-Chain tracks subnets and coordinates between different validators.
5. Tron: A blockchain network that doubles up as a DeFi exchange
Launched and maintained by the Tron Foundation, Tron is a blockchain-based operating system and decentralized exchange. Its native cryptocurrency is an ERC-20 token and is called the TRX token. Over the years, Tron has continued to evolve with the times and has managed to outpace many new altcoins in the process. Its flagship software supports smart contracts, and different blockchain networks along with dApps. Tron leverages a unique transaction model called UTXO where all transactions occur on a public ledger. Its key USP is that users can track the history of operations.
Tron has carved a niche for itself by creating an environment where content creators can connect with their target audience directly without having to share their revenue with middlemen or streaming services.
For a lot of developers, Tron is a useful tool as it can be used to create various dApps. They can also earn digital assets in exchange for offering content with these dApps. Tron’s network uses the delegated proof-of-stake consensus mechanism for securing the network. TRX holders can freeze their tokens to vote for “super representatives” who operate as block producers. The block producers earn TRX tokens as a reward for verifying transactions. These rewards are distributed among the community members who voted for them. As per the Tron team, the mechanism enables the platform to clock a higher level of throughput.
Conclusion
These five cryptocurrencies are innovative projects that can be considered for a long-term horizon especially if you’re in flux about how to jazz up your portfolio. They are utility-centric, have robust security frameworks, and in the past posted promising results. All of which makes them an ideal option for anyone looking to upgrade their portfolio.
However, according to analysts, if you are thinking about which crypto to buy today for the long term, your best bet is InQubeta. The decentralized platform has the potential of fetching long-term gains as it equips startups with the ammunition to kickstart their growth journey.
At the same time, it paves the way for potential investors to commit their funds to promising projects. In other words, InQubeta is a future-forward crypto project which can be leveraged to build a steady source of income. Plus, there are opportunities to stake and earn rewards with active participation that can boost a user’s passive earnings.
Lastly, its decentralized governance structure creates a unique mechanism where community members and the InQubeta team can contribute together to the platform’s operations and growth. Head over to the InQubeta presale and get a chance to find out more about this interesting and upcoming cryptocurrency platform.
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