Bitcoin has a global fan following and is widely considered one of the top cryptos to invest in. Financial institutions are now innovating to launch special products like Exchange Traded Funds (ETFs). Recently, BlackRock’s former managing director Steven Schoenfield said that he expects the US Securities Exchange Commission to approve a Bitcoin spot ETF within three to six months. His optimism has not only propped up Bitcoin’s prospects but has also garnered more attention for other promising altcoins like THORChain (RUNE), Fantom (FTM), and InQubeta (QUBE).
While THORChain and Fantom are well-known projects, InQubeta is among the new altcoins of 2023 and has been making a splash with its unique model and presale growth. The Ethereum-based platform helps startups working with artificial intelligence access funding opportunities. Its recent presale success is another reason why it has become highly popular among investors. Presently in its fourth presale stage, InQubeta’s cryptocurrency ico has collected $3.5 million so far.
InQubeta: Backing startups with AI vision
InQubeta is a blockchain-powered platform that allows AI startups to connect with genuine investors and give wings to their dreams. The platform allows investors to access cutting-edge projects ahead of their market launch and gain an early-bird advantage. InQubeta has released a native cryptocurrency, called the QUBE token which is used to process all transactions in the InQubeta ecosystem.
QUBE is modeled on the ERC-20 network and is available on presale. Accumulating tokens during the presale stage can result in potentially huge gains in the long term. Buy QUBE at a price of $0.0133 and get a chance to participate in the AI driven startup industry.
What’s more, the QUBE token has a deflationary model and the token supply is always kept below the market demand. By ensuring a scarce supply, price fluctuations are minimized and the token value stays stable. If the supply exceeds the demand, the excess tokens are sent to the burn wallet to be destroyed.
Whenever a person sells or buys the QUBE token, they have to pay a small tax on the transaction. As the tax is paid in terms of QUBE tokens, its supply might increase and impact the price. To avoid this, the team sends a small share of the tax proceeds from every transaction to the burn wallet. The remaining proceeds are used for financing marketing campaigns and maintaining the liquidity pool.
THORChain unveils progress report for Q3
THORChain is a liquidity protocol that enables its users to swap crypto assets across multiple blockchains. THORChain’s user-friendly mechanism enables one to swap assets in a permissionless environment where market prices are maintained through ratio assets of a liquidity pool. Its native cryptocurrency is the RUNE token.
The platform recently released a report detailing its progress in the third quarter of the year. According to the record, THORChain’s total volume locked stands at $2.38 billion, while the liquidity fees collected in the third quarter stand at $3.38 million. Investors are currently accumulating RUNE in anticipation of a potential bull rally.
Fantom to announce winners of Ecosystem Vault funding round soon
Fantom is a smart contracts platform that offers developers a wide array of tools to create customized consensus algorithms. The platform strives to address common issues like low transaction speed with its framework. Its native token FTM is used for all transactional purposes on the network.
In a recent development, the Fantom Foundations announced that a funding round for its Ecosystem Vault initiative has concluded. The foundation said that it will soon reveal the names of the nine winners among whom the prize pool of 750,000 FTM tokens will be distributed. Fantom’s support for the community has ensured massive attention and support from investors and institutions alike.
Conclusion
When it comes to choosing the best altcoins for 2023, it is important that users consider a token’s growth potential. While both THORChain and Fantom have proved their mettle in the past, they lose out to InQubeta in terms of growth potential. InQubeta can help an average crypto user secure their financial future and build a steady source of income without having to go out of their budget. Its user-friendly interface promotes financial inclusion in a hassle-free way. The latest ICO has set the ball rolling for what analysts are calling a promising start and QUBE could register huge gains once it gets listed on mainstream exchanges.
