In a recent survey conducted in the US, around 67% of the respondents claimed that cryptocurrencies were a “legitimate form of investment”. The figure represents a marked shift in perception among the general public and their increased confidence in the potential of these blockchain-powered assets.
If you are someone who has been mulling exploring the crypto market for quite some time, now is the best time to make your maiden crypto trade.
After an eventful past few months, the crypto market continues to bowl people over with its huge bullish rallies. There are several best cryptocurrencies to buy now that can boost your crypto portfolio.
If you ask analysts, they have quite a few favorites picked out for November. They believe tokens like InQubeta (QUBE), Solana (SOL), Chainlink (LINK), Toncoin (TON), and Polygon (MATIC) could post stellar results over the next few days and weeks. If you want to know more about them, just read along to find out more about November’s top 5 bullish cryptos.
1. InQubeta: Charting a new growth avenue for AI startups
InQubeta is being counted among the top altcoins of 2023 as it is a versatile cryptocurrency. It not only secures a user’s financial future but also gives them the freedom to contribute to the platform’s growth.
By contributing to startups’ journeys, investors create new income options. Since these startups leverage pioneering technology like AI, they can ensure that they are keeping up with technological advancements. The platform’s native cryptocurrency, the QUBE token, is used for making all payments, paying taxes, and distributing rewards.
It has made its way onto analysts’ best cryptocurrency ICO lists thanks to a stellar presale which has raised more than $4.7 million in funding in just its fifth of ten presale stages.
According to developers, the QUBE token’s efficiency is partly also because it is an ERC-20 token. The standard is known for features like utility and scalability.
The InQubeta team has set aside 65% of the 1.5-billion token supply for public sale. The rest of the tokens are distributed among different use cases so that the platform can grow optimally. These use cases include marketing campaigns, fees for legal advisors, and maintaining liquidity, among others.
One of the reasons why the QUBE token has been creating a lot of hype is its deflationary model which regulates the coin’s supply to tamp down fluctuations. In a deflationary cryptocurrency, the token supply is always kept scarce, so that it doesn’t rise above the demand.
The mismatch in supply prevents price fluctuations and keeps the asset value stable. If there is an unexpected increase in supply, the extra tokens are burned in the token burn wallet. An increase in supply usually happens when too many crypto tokens are sold or bought.
All sellers and buyers of QUBE tokens are expected to pay a small tax on such transactions. The tax is also paid in terms of QUBE tokens, which tends to inflate the token supply and disturb the supply balance – and this is where the deflationary practices help.
What’s notable about InQubeta is its decentralized governance structure. Rather than having a central authority controlling operations, there are multiple stakeholders who make important decisions for the platform.
If a community member comes up with an idea that can possibly improve InQubeta’s scope, they pitch it as a proposal before other members. There is a discussion held over the proposal so that its pros and cons could be highlighted. The proposal is put to a vote and token holders use their voting privileges to decide if the suggested changes should be implemented.
There is also a staking service that provides QUBE token holders with a promising opportunity for earning passive income. By staking QUBE tokens, its holders can confirm transactions and earn cryptocurrencies as a reward. Meanwhile, the staked assets ramp up liquidity on the platform. The longer holders agree to stake their assets, the higher would be their rewards.
To begin connecting with investors on InQubeta, AI startups have to furnish offers for investors. The offers incentivize investors and encourage them to fund startup projects. Also, the offers are tokenized into NFTs and made available for sale.
The portal gives investors the leeway to compare and assess startups’ offers without any hindrance. If they are impressed with it, they can purchase the NFTs. It is not mandatory for an investor to purchase the entire asset.
They can even purchase smaller portions of the asset. Once the transaction is finalized, the proceeds from the sale of the NFT are transferred to the startup.
2. Coinbase to integrate Solana futures
Designed as an open-source project for creating dApps, Solana is among the best altcoins that you can find in today’s market. It’s maintained by Solana Labs which unveiled it six years ago. What makes Solana stand out is the way it leverages the proof-of-history (PoH) consensus algorithm.
Developed by Anatoly Yakovenko, the protocol is popular for its ability to add scalability and functionality to the network. This protocol paves the way for quick processing times and lower validation time for transactions while deploying smart contracts. The advantage has helped Solana draw interest from various investor groups.
Solana’s native token is SOL and the platform has been created to lower transaction costs while ensuring a higher degree of scalability.
The PoH protocol is also important because it takes care of processing transactions. It records details like whether the transaction was successful and the time successive transactions took. What’s more, the proof-of-stake protocol is used to monitor the functioning of the PoH protocol and confirm sequences of blocks. The combination of the two algorithms has enabled Solana to gain an edge over many of its contemporaries.
A key reason behind Solana’s success is its zest for exploring new partnerships and use cases. Coinbase Global recently decided to list Solana futures. The move is aimed at targeting crypto users outside the US and will help Coinbase explore new revenue streams.
Coinbase’s decision comes in the wake of the recent regulatory crackdown against crypto asset firms and decentralized exchanges in the US.
3. Chainlink: Unleashing the power of an oracles-based network
Chainlink was launched in the same year as Solana but the two decentralized platforms perform very different functions. While Solana aids development in deploying dApps, Chainlink helps them in extracting data for smart contracts. It was developed as an abstraction layer for connected smart contracts.
Chainlink has in place an Oracles-based network that facilitates interactions between blockchains and payment solutions, events, and data feeds. These interactions make it easier to collect off-chain data for smart contracts. Its native token, LINK, is used for making payments.
With Chainlink, you don’t have to worry about what cryptos to buy now. With this decentralized platform, one can operate Chainlink’s data infrastructure for successful blockchain operations.
The token has maintained a strong growth trajectory in an otherwise challenging market scenario which has won it the approval of both analysts as well as crypto users. Rollup Finance has joined hands with Chainlink to ensure that 3.75% of its token supply is made available to LINK stakers and service providers.
4. Toncoin: A user-friendly and secure crypto payment service
Toncoin is the brainchild of a popular messaging app Telegram and its name is an acronym for ‘Telegram Open Network’. However, Telegram parted ways with the project later.
The cryptocurrency was then adopted by the TON Foundation which revived and renamed it as ‘The Open Network’. Its native cryptocurrency is TON. The platform has carved a niche for itself in the Web 3.0 market by allowing users to make cost-effective crypto payments. Its service is secure and transparent and more affordable than many of its competitors.
The fact that it is both reliable and scalable is the cherry on the cake. The Toncoin has won over developers with its flexible architecture and dedication to catering to consumers. With a throughput running into hundreds of thousands of transactions, the platform reduces performance losses and grows rapidly.
This top altcoin sports a multi-level code architecture that pivots around sharding. Under sharding, several shards or subnets operate on the same network. Each of these shards will have a different purpose and they speed up tasks by preventing piling up of unverified blocks.
5. Polygon to power Lens Protocol’s new upgrade
Polygon is an intuitive platform that offers a wide array of tools for scaling Etherum-based dApps. These tools are based on zero-knowledge technology and can be used to create multiple kinds of dApps.
The tools available on Polygon include rollup chains, standalone chains, and zk optimistic blockchains. Its native token is called MATIC. For securing its network, Polygon combines the proof-of-stake consensus protocol with the Plasma framework that facilitates the seamless deployment of scalable smart contracts. Polygon offers developers a high throughput which boosts the efficiency of their dApps.
On every side chain, Polygon offers a throughput of 65,000 transactions in a second. Plus, the block confirmation time is under two seconds.
Polygon was recently in the news after Lens Protocol unveiled its ‘V2’ upgrade on the network. Lens Protocol is the social media arm of Aave, which is a decentralized lending protocol.
The V2 upgrade comes with a slew of new features like tips for smart posts and profiles by multi-signature.
Conclusion
If you are looking to augment your crypto gains this November, these five tokens are the altcoins to watch out for. InQubeta has been labeled as one of the best new ICOs this year while Solana, Chainlink, Polygon, and Tonicon, are powerhouse cryptocurrencies of the future that can ramp up a portfolio and help to diversify it.
Their utility and cutting-edge features make them ideal for users who have an eye on the future and are interested in long-term returns.
It is always advisable for crypto users to research a token before buying it. By acquainting themselves with a token well in advance, crypto users can identify potential risks linked with the project.
The strategy could help them elevate their portfolio and ensure that crypto users make informed decisions.