The past few months have seen Solana (SOL) leap to unexpected levels. Its impressive performance comes close at the heels of its initiatives to introduce DeFi to more people.
With multiple partnerships and initiatives, Solana has been reaching out to unbanked populations and enabling them to explore cryptocurrencies. Leading card payment services like Visa have partnered with Solana for faster international payments at cost-effective rates.
The other altcoin that grabbed headlines recently is InQubeta (QUBE). Rated as one of the best new ICOs of 2024, the platform is built on the Ethereum blockchain and helps AI startups with fundraising and scaling projects.
The crypto project has won over analysts with the novelty of its model. Given its presale success, some experts claim that the coin has the potential to even enter the list of Top 100 cryptos. So far, its ICO has raised over $12.9 million.
InQubeta: An AI-driven emerging crypto project
InQubeta is a crypto platform catering to the requirements of AI-led businesses. Its model connects crypto users who have ample funds with startups looking for investors.
The startups are onboarded after careful screening and the investments are facilitated through an NFT portal so that exploits are minimized.
InQubeta’s native cryptocurrency is known as the QUBE token and it is utilized for all investments, taxes, rewards, and payments. The ERC-20 coin can be staked, which makes it an ideal asset for increasing generational wealth.
As staked tokens support network security and growth, their owners are given rewards in exchange. InQubeta’s staking rewards are given from a separate pool that is replenished by tax proceeds.
The QUBE token has bowled over crypto users with its myriad features which include a deflationary mechanism. Whenever inflation or volatility interferes with market forces, the feature shields a portfolio from their impact.
If markets are tanking, the deflationary asset’s supply is reduced, so that its value stays stable. The stable value also curbs price fluctuations and does wonders for investors’ confidence in the token’s potential.
If their supply goes up, it’s made scarce again by burning the unnecessary tokens in circulation.
The token burn mechanism is also used for reigning in any spike in internal inflation. The team burns 1% of the tax proceeds accruing from all transactions to avert the threat of internal inflation.
The top altcoin has a decentralized governance model where the onus of decision-making falls on token holders. Proposals for upgrades and new features are put to a vote where only token owners can participate.
The suggested changes are introduced only if it’s approved by the community. The model allows crypto users to carefully evaluate proposals and act in the best interests of the platform.
Grayscale Solana Trust achieves new milestone
Solana is a Web 3.0 platform where developers can find an array of decentralized infrastructure to create dApps. The unfettered growth of its native token SOL has increased its popularity and users are shifting from new altcoins to invest in Solana.
Solana has carved a niche for itself by focusing on boosting its reach. The platform has rolled out multiple initiatives to help people without access to banking services. These efforts enable people to experience speedy, quick, and secure digital payments. The transactions made with the SOL token are always validated with a proof-of-stake algorithm.
In a recent development, crypto asset company Grayscale Investments announced that the value of its Solana Trust has surged significantly. Buoyed by the SOL token’s bull run, the Grayscale Solana Trust has achieved a trading premium which is 5.8 times Solana’s token price. The milestone reflects the rapid growth of Solana’s institutional adoption.
Conclusion
Solana and InQubeta are among the best cryptos that people can find in today’s market. These coins add to the value and potential of a portfolio while diversifying it. Experts have also predicted optimistic returns from the two cryptocurrencies as they have been making regular efforts to ramp up their technology and accessibility.
Analysts point out Solana’s focus on catering to the needs of the unbanked populace along with the success of Grayscale’s Solana Trust. Both achievements have driven its price higher and helped bring more people under the fold of cryptocurrencies.
In InQubeta’s case, experts believe that the freshness of its model is encouraging people to explore AI-driven investment opportunities. With an intuitive interface, it’s leading startups and crypto users to contribute towards an AI revolution.