The meme coin sector is abuzz with good news as two of its top names – Shiba Inu (SHIB) and Dogecoin (DOGE) – have been performing strongly. The bull run started after the Shiba Inu team announced that it would be increasing the burn rate.
The dog-themed token was later joined by Dogecoin in the bull rally. Apart from these top altcoins, InQubeta (QUBE) is drawing attention because of the rising demand for its tokens. The Ethereum-based platform was released earlier this year and helps startups find investors for AI-led projects. The surge in interest in InQubeta continues and its presale funding recently crossed $6.4 million.
With analysts expecting the figure to rise by a few notches, InQubeta is being called one of the best new ICOs of the year.
InQubeta: Mixing decentralization with startup finance
InQubeta is a decentralized platform where startups can easily raise funds for AI-based projects. The platform is transparent and follows an adaptable mechanism to make crowdfunding convenient. Its native cryptocurrency is the QUBE token and it’s used as a medium of exchange on the platform.
The top altcoin can survive inflation and market volatility due to its deflationary model. The model keeps the token supply low when the inflation is high and prevents price fluctuations. A stable token price boosts both the token’s popularity and investors’ confidence in the platform. If the supply ever increases, it’s brought back within the stipulated limit by burning the extra tokens.
Analysts recommend the QUBE token because of its versatility. You might not have a lot of experience in the market but you can still earn with the token by staking it. The staked tokens are locked assets that support a blockchain’s operations. The token owners can earn crypto rewards on these locked tokens without needing to sell or swap them.
To ensure that the platform is evolving with technology, there might be some protocol changes required. All such decisions are taken by the community together.
Community members can suggest changes and they are accepted or rejected via a voting process. Token holders participate in the voting process by using their voting privileges. The decentralized governance structure ensures that community members are making decisions in the best interest of the platform.
The simplicity of InQubeta’s model is its most impressive feature. Using a fuss-free mechanism does away with one of the most critical concerns of startups. To get the funding of their choice, all that startups have to do is create rewards-based offers for their investor.
These offers are minted as NFTs and then offered on sale to investors at InQuebta’s online marketplace. Startups can also have multiple investors as these NFTs can be split into fractional assets. The flexibility makes InQubeta a top crypto to invest in for any kind of portfolio.
Dogecoin: Most popular meme coin for a decade
Dogecoin is an animal-themed memecoin that warmed its way into people’s hearts from the get-go. It was developed by Shibetoshi Nakamoto and Jackson Palmer in 2014 and has remained the most popular meme coin for a decade.
DOGE cryptocurrency uses blockchain for storing data on a public ledger. The public ledger is maintained by a network of validators. The platform has a native cryptocurrency called DOGE.
The platform offers developers a host of resources like blockchain explorer and monitoring tools for mining activity.
Shiba Inu: A versatile meme coin
Shiba Inu is a community-led meme coin that’s inspired by the Shiba Inu breed of dogs. Its native token SHIB is among the most-traded crypto assets in the world.
Though the SHIB token is used for all payments on the platform, there are separate tokens for governance and giving out rewards. The Shiba Inu team is currently working on a Layer 2 blockchain that’s available in the beta stage.
While looking for the best cryptos, one should select tokens like Shiba Inu, Dogecoin, and InQubeta which have a high growth potential. These tokens are capable of long-term returns, and adding them can future-proof your portfolio. While Shiba Inu and Dogecoin have had a successful run as meme coins, InQubeta is an innovation-driven token.
These tokens can help their holders build a sustained income stream through their various features. Their secure interfaces and robust code architecture ensure that users’ assets and privacy are safe.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.