Cryptocurrencies are among the most dynamic digital assets around. With an expected average growth rate of 11% for the next five years and a market capitalization of over $1.2 trillion, the global cryptocurrency market is where all the action is happening. What adds to the charm of these blockchain-based assets is the variety. Just six months into 2023, there have already been hundreds of new altcoins rolled out.
With cutting-edge features, new stablecoins like InQuebta are growth drivers because of their innovative use cases. InQubeta has been developed as a decentralized platform where startups working with artificial intelligence can look for fundraising opportunities. The platform aims to address a structural challenge that the startup industry has been reeling under for years – namely, a lack of access to funds. At the same time, it can pave the way for more innovative ideas to transform the decentralized finance ecosystem.
The following list features four more cryptocurrencies which, like InQubeta, are touted to be the top crypto coins of 2023 and are ideal for those looking to jazz up their crypto portfolios.
1. InQubeta: Helping AI startups jumpstart their initial growth phase
InQubeta is a next-generation platform that is helping startups leveraging AI for their projects score genuine fundraising opportunities and support their growth journeys. What makes it a good crypto to buy is that potential investors interested in startups can access promising projects at an opportune time. This helps them gain the early bird advantage. It’s powered by Ethereum, so one can be assured about its security framework and smart contracts. For helping its users transact freely on the network, InQubeta has rolled out a native token called QUBE which is the main cryptocurrency of the platform.
The QUBE token is available on presale and the process has been divided into nine stages with an additional beta stage. Given the attention that the QUBE token has been getting so far, its cryptocurrency ico is likely to be a mega success. The price of the token will be increasing with every stage, and with the token currently in Stage One and valued at $0.00875, it is advisable to buy as soon as possible. All purchased QUBE tokens will have a vesting period of 12 weeks.
Another reason why the latest ico has been the talk of the town is the QUBE token’s versatility. Being a deflationary token, it shields its users’ interests by keeping the value of the token stable. A deflationary cryptocurrency’s supply is always regulated in a way that ensures it stays scarce and doesn’t shoot past the demand level. Any extra QUBE tokens in circulation are sent to the burn wallet where they are destroyed.
The QUBE token is also an important pillar of InQubeta’s decentralized governance mechanism where community members get to share their views about the platform and proposals floated by other members. All token holders get voting rights which they can use for voting for proposals and can also introduce proposals themselves. These proposals seek important changes in the InQubeta protocol with the aim of improving its scope.
The InQubeta model bridges the gap between AI startups and potential investors with a simple yet secure model. In exchange for the funding, the startups have to offer a reward level or equity share to the investors and the reward is represented by an NFT. The NFTs created by startups can be assessed and evaluated by potential investors at InQubeta’s NFT marketplace. If they are satisfied with the terms offered by the startups, they buy the NFT and the sale proceeds go to the company.
2. DigiToads: Boosting passive incomes with multiple DeFi opportunities
DigiToads is a top crypto to invest in for anyone looking for a project that’s easy to understand and beginner-friendly. Its key USP is its hybrid economic design which has been developed by merging three crypto models – a meme coin, a play-to-earn game, and a staking portal – to give you enhanced functionality.
By choosing DigiToads, you can stake assets, trade cryptocurrencies, win cryptos as rewards in games, enter daily giveaways, and even participate in monthly trading competitions on a single platform. To get started, one would first have to purchase the platform’s native token, TOADS, which is the medium of exchange on the network and is used for all transactional purposes. TOADS token holders are also eligible for monthly rewards that are airdropped in their wallets.
What’s drawing a lot of users to DigiToads is its Web 3.0 game where there are multiple winners, so everyone goes home richer and happier. Every game season lasts for a month and the top 25% scorers in a season are declared winners. The winners are rewarded with TOADS tokens as a prize. To win the game, players have to outperform their competitors in an arena-style virtual swamp that is full of challenges.
To make it to the other side, players can trade or buy digital creatures called DigiToads who have great strength and unique characteristics. Now, as no two DigiToads would have the same traits, you don’t know what leverage the competitor’s DigiToad has over yours. However, you can gain the upper hand by shopping for food, potions, and training equipment for your DigiToad and paying for these items with TOADS tokens.
3. Ripple: Blockchain-based solutions for businesses
Ripple is among the top crypto coins of 2023 and has over the years helped businesses grow with its blockchain-powered enterprise-grade solutions. It has been designed as an open-source decentralized ledger that’s also carbon-neutral. It has also released a native token called XRP which is used for various transactional use cases on the network. Ripple’s key draws include its scalability where businesses can scale up to over 1,500 transactions in a second. One can also look forward to transacting with a high speed as the network can settle transactions in as little as five seconds. Lastly, as it costs barely $0.0002 to process a transaction on the Ripple network, its cost-efficiency adds to its draw.
For its consensus mechanism, Ripple leverages the Federated Consensus mechanism for validating transactions and securing the network. All transactions are confirmed by the consensus algorithm, where validators come to an agreement over the order and outcome of the transactions. All validators follow the same rules for processing a transaction so that every transaction is confirmed right away. Currently, there are 150 validators on the Ripple network and they are operated by individuals, decentralized exchanges, businesses, and universities from across the world.
4. Avalanche: For high-speed and scalable dApps
Avalanche is a Layer 1 blockchain offering cutting-edge tools for developers to deploy smart contracts and dApps. A big reason why many developers seem to prefer Avalanche is because of its high-grade scalability and speed that rivals that of leading blockchains like Ethereum. The platform has rolled out a native token called AVAX which is used for meeting any kind of transactional obligations on the network.
The Avalanche network comprises three blockchains – the Exchange or X-chain, the Platform or P-Chain, and the Contract or C-Chain – and all three chains have a specific use case. The Exchange or X-Chain is developed solely for the purpose of receiving or sending funds. The Platform or P-Chain is used for facilitating validator activities for securing the network and staking while the Contracts or C-Chain is used for deploying smart contracts and dApps.
Avalanche has also launched a premier scaling solution for dApps called the Subnets. Subnets support app-specific solutions which may even have a separate native token or a customized fee market. Subnets also enable developers to deploy private blockchains where predefined validators can also join.
5. Solana: Developing Web 3.0 tools for mass adoption
Solana is an open-source platform that’s gained popularity with its efficiency in deploying blockchain-powered tools for mass adoption. Its native token which is used for various transactional purposes on the network is SOL. It is maintained by the Solana Foundation which is headquartered in Geneva. The Solana protocol has been designed to facilitate the seamless creation of dApps that are user-friendly, secure, and highly scalable.
What’s different about Solana is the hybrid consensus mechanism that combines proof-of-history and proof-of-stake consensus algorithms. The biggest advantage of the hybrid consensus mechanism is that Solana is able to cater to the requirements of various groups with ease – be it an individual user or an institutional trader.
Over the years, Solana has earned a name for itself with its short processing times, which is again due to its hybrid protocol. The network’s unique consensus protocol helps in reducing the time needed for validating transactions and executing smart contracts. The reduced processing times have helped the network draw a lot of interest from institutional traders. Lastly, its efficiency and scalability allow developers to deploy dApps at much lower costs. The protocol has been designed to significantly lower costs while guaranteeing top-notch scalability.
Conclusion
If you are confused about which crypto to buy today for the long-term, the above-mentioned five tokens are all good choices. They have intuitive and easily navigable interfaces and hence are both developer and user-friendly. Plus, they are powerhouses of features and their utility-driven models make them great options for long-term growth.
While these cryptocurrencies have their share of strengths, for a lot of crypto analysts InQubeta has an edge over them because of its industry-linked use case. Given how it helps startups grow, it can fuel a transformation of the DeFi sector as well. Over the coming months, analysts feel that the QUBE token has the potential to increase by over 50x.
As encouraging as these projections are, crypto buyers should always be mindful of how market volatility and global economic factors can impact the market. Hence, it is always advisable for buyers to research a token well before purchasing it. The research helps them understand the risks associated with the project and make well-informed decisions.
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