The cryptocurrency market has achieved several milestones in the past decade and continues to surprise with many innovative projects leading to diverse technological advancements. The cryptocurrency market is currently flooded with new projects that seek to revolutionize the blockchain industry.
The journey of the crypto market hasn’t been smooth. Its volatile nature has also made it the victim of several legal turmoils. There is also a lot of competition among cryptocurrency projects as new tokens get launched every day. However, there is an unprecedented growth in market volume with a total global market cap of $1.17 trillion.
Investors are often perplexed as to which crypto to buy today for long-term gains as there are so many options. Take InQubeta (QUBE) for example. This new altcoin is drawing the attention of many investors seeking promising opportunities. Built on the Ethereum blockchain, InQubeta is a fundraising platform helping AI-powered startups to raise funds.
This new cryptocurrency has caused quite a buzz in the crypto market with its remarkable performance during the presale. Potential investors can join InQubeta’s journey and explore the new dimension of AI by participating in their presale.
Let’s explore the five top altcoins that can be a potential pick for investors this summer.
1. Monero: Privacy-Focused Blockchain Technology
Monero is a privacy-focused blockchain that allows its user to conduct transactions anonymously. It started in 2014 as a fork of Bytecoin but with advanced features of privacy and security. The core philosophy and principles of Monero revolve around privacy by default, leveraging decentralized technology.
At the heart of the Monero ecosystem lies its native token XMR. XMR is an inflationary asset and the token is issued through the main emission curve and the tail emission curve.
During the main curve around 18.1 million tokens have entered the market. The main curve is followed by the tail curve where 0.6 XMR tokens enter the crypto market for every new block discovered.
Monero (XRM) goes the extra mile to obscure the amount, origin, and destination of the transaction using the RingCT (Ring Confidential Transaction) concept and stealth addresses. So when a sender sends an XMR token to a stealth address, the amount first goes to a unique public address making it impossible for the user’s address to reflect on the blockchain.
The anonymity and security maintained by Monero (XMR) have won the hearts of several crypto enthusiasts in the space making it a good crypto to buy. While there are many popular cryptocurrencies in the market, Monero (XRM) has managed to stand out with its unique attributes.
2. Litecoin: Silver to Bitcoin’s Gold
Litecoin (LTC), also referred to as ‘Bitcoin lite’, is a cryptocurrency based on Bitcoin (BTC) protocol. It was created with the objective of supplementing Bitcoin’s economy and providing fast, secure, and low-cost payments. Being amongst the first few coins in the cryptocurrency world, it stayed in the top ten cryptocurrencies for a considerable period.
Charlie Lee, a Google employee and later the Director of Engineering at Coinbase, first released Litecoin(LTC) on GitHub. Soon after its launch, it attracted the attention of cryptocurrency community members and was hailed as the ‘silver to Bitcoin’s gold’. What started as a fork of Bitcoin goes beyond its limits to address the limitation of the primary network. Considered to be the lighter version of Bitcoin, Litecoin (LTC) aims to process transactions quicker with a block time of two and a half minutes.
Additionally, to deal with the concerns of security and privacy, Litecoin launched MimbleWimble in January 2021. This enabled the network to increase its confidentiality features making it a user-friendly currency.
The success demonstrated by Litecoin (LTC) is remarkable and shows that new altcoins can still rule the market. With the enhanced features of low cost and faster payments, it attracted the attention of the then-growing community and remains among the top crypto to invest in.
3. Polkadot: A multi-chain framework for solving interoperability issues
Polkadot is categorized as a sharded blockchain enabling different chains to connect on a single network facilitating them to process transactions and share data. The Polkadot framework promises to solve the problems of scalability and relatability in blockchain technology.
There are numerous cryptocurrencies that cannot communicate with each other. For example, a token of a specific network cannot be transferred using any other network. Polkadot’s framework resolves this issue by interconnecting blockchains that perform different functions.
The central network which connects all other blockchains is called the relay chain, which is at the heart of the Polkadot network. The other blockchains remain connected to the relay chain which are normally user-generated and are known as parachains. Through the relay chain, Polkadot addresses the problem of scalability as it enables the processing of all the transactions taking place at the same time in the ecosystem.
At its economic center lies the DOT token, a native cryptocurrency of the Polkadot ecosystem. It serves three primary functions making it one of the top crypto to invest in. Users can hold these tokens to gain voting powers and DOT tokens can also be staked for operational purposes. The DOT token is also used for transaction purposes inside the Polkadot ecosystem.
The problems Polkadot is addressing undoubtedly make it shine out among the remaining cryptocurrencies as the need for scalable and interoperable blockchain remains a priority for the success of this industry.
4. InQubeta: Cryptocurrency Crowdfunding Platform
InQubeta’s ground-breaking technology makes it a pioneer as the world’s first cryptocurrency crowdfunding platform. The company identifies the potential that AI technology can offer in this ever-evolving digital space with start-ups taking the lead with its breakthrough innovations. However, investing in these start-ups can be difficult, especially for those lacking the proper resources and connections.
InQubeta’s solution works like a charm here, bridging the gap between start-ups and potential investors. The fundraising platform capitalizes on the decentralized nature of blockchain and smart contracts, leading to a more secure and democratic investment process.
InQubeta’s ecosystem is powered by the QUBE token which is the native cryptocurrency of the platform. It is powered by the Ethereum blockchain and operates on the proof-of-stake (PoS) mechanism. Driven by the idea of creating a transparent and democratic ecosystem for all, it empowers the members of the community holding the QUBE token with the right to governance. This means that the InQubeta community can make decisions concerning the QUBE protocol, like the right to propose a change and vote for its approval.
The QUBE token is currently in the second stage of its cryptocurrency ICO with a presale price of around $0.0098 per $QUBE. The company will be following a ten-stage pre-sale process and has already raised the huge amount of $1.8 million.
This does not come as a surprise owing to the unique value proposition QUBE token has to offer. The QUBE is a deflationary ERC20 token which means that the supply of the token will reduce over time. This reduction occurs through token burning in which a designated amount of the token is transferred to a wallet address from which it cannot be recovered. The idea behind reducing the token circulation in the market is to let the prices surge higher making it a gainful offering to the investors in the long run.
The economic approach adopted by InQubeta is quite unique, where a 2% tax on both the buying and selling goes into the burn wallet, and the additional 5% tax is channelized to a dedicated reward pool. By engaging in token staking, QUBE investors can also reap additional passive rewards.
InQubeta creates a variety of earning opportunities for its community from reward to equity shares, represented by their unique NFTs. The QUBE token can also be used to seal the deal between the investor and the start-up doing away with the traditional financial hurdles.
The traction QUBE token is gaining making it potentially the top crypto to invest in also comes from the positive affirmation from several blockchain security firm’s audits on its smart contracts.
Be amongst the first few to explore QUBE’s investor-centric ecosystem and grab the early adopter benefits of its presale.
5. Chainlink: A Decentralized Oracle Network
Chainlink was founded by Steve Ellis and Sergey Nazroz. Since its launch, it has gained immense traction making it one of the most desirable in the decentralized finance (DeFi) space. It acts like an abstraction layer that enables connecting smart contracts to external data in a reliable and secure fashion.
Chainlink is a Decentralized Oracle Network, also referred to as DONs, narrowing the gap between the blockchain and external data sources. Blockchains frequently suffer from being closed networks that can only receive data that is “on-chain” with no access to real-world data. This hinders its adoption in many sectors which rely on external data sources.
The company has done well to identify the problem of sourcing external data and created the Chainlink Oracle network which allows the communication between the blockchain and “off-chain” systems like the data providers, application programming interface (API), and many more. Blockchain oracles today are considered a decentralized service with the sole function of facilitating the interoperability, performance, and functionality of smart contracts. In simple words, an oracle serves as a two-way communication channel improving the interaction between the on-chain and the off-chain systems.
The native cryptocurrency of the Chainlink ecosystem is LINK which acts as a payment and work token. It operates on the Ethereum blockchain, using the proof-of-stake consensus mechanism. What differentiates LINK from most of the other top crypto coins is that the users must run their own nodes and provide data to smart contracts to earn their LINK token rewards.
Conclusion
Potential investors can look at these top five altcoins to supercharge their crypto portfolio. Monero, Litecoin, Polkadot, InQubeta, and Chainlink have gained immense popularity and won the hearts of many crypto enthusiasts around the globe.
Each of these cryptocurrencies is backed by multiple utilities and buyers can potentially register huge gains in the long term through these coins. However, it is important to diversify and never invest a huge amount in a single investment instrument. InQubeta remains a hot favourite of many cryptocurrency enthusiasts as it offers the ability to invest in multiple startups and users can also earn a passive income through the QUBE token.
However, the burning question is: which crypto stands out for long-term gain? The answer seems to direct investors to InQubeta (QUBE), the Ethereum-based blockchain set to transform the sector of Artificial Intelligence (AI). Many analysts believe in the potential of this crypto project to radicalize the landscape of decentralized finance.
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