Following the success of BTC ETFs in the US, Bitcoin’s price has been on an upward journey and is even expected to cross $60,000. The companies that launched these spot crypto funds had to fight a long regulatory battle before they got a green light from the US Securities and Exchange Commission.
Now, these ETFs are drawing record investor flows. However, a section of analysts believes that once the craze around investing in BTC ETFs wears off, the Bitcoin price might consequently dip back below $60,000.
Among altcoins, an AI-centric crypto project has disrupted the market with its presale success. InQubeta (QUBE) is a crowdfunding platform for AI projects floated by startups.
It is among the top crypto to invest in and raised over $10.4 million in presale. Market experts expect it to bring in record gains in the coming months and outperform altcoins like Decentraland (MANA) and Quant (QNT).
InQubeta: Building DeFi solutions for AI startups
InQubeta helps startups scale AI projects with its DeFi solutions. Its resources have been designed to help these enterprises at every stage of their journey, be it fundraising, mentorship, or marketing. Its native cryptocurrency, the QUBE token, is the official medium of exchange of the InQubeta ecosystem.
The token has a deflationary mechanism that gives it a competitive edge. The mechanism is activated whenever the market is tanking or inflation is high.
To prevent economic forces from impacting the asset’s value, the model lowers the supply, so that it’s less than what’s being demanded. The scarcity boosts the value of the token.
Any subsequent increase in supply is cut short by burning additional tokens.
While the cryptocurrency ICO reaches new heights, the InQubeta team is busy planning for the future. According to its roadmap, these upcoming initiatives will make InQuebta and its services available to a large audience. A key initiative being planned is a staking dApp. The team is also exploring ways to get the QUBE token listed on an exchange for easy trading.
M Social Decentraland unveils Phuket tour
Decentraland is among the new altcoins that are unlocking interesting avenues by combining DeFi and technologies like virtual reality. It is a GameFi platform where crypto users can buy digital assets or NFTs and then monetize them. Its native token MANA is used for buying these assets.
Crypto users are given the option of purchasing digital ‘LAND’ and then building experiences on them. People can also create and sell wearables and emotes on the platform’s virtual marketplace.
In a recent development, the platform’s virtual hotel M Social Decentraland announced its digital tour of Phuket, Thailand. During the virtual adventure, players will be able to enjoy the island’s culture and landscapes while participating in games to win rewards. In 2023, the platform announced the Merlion on Vacation campaign.
Quant’s Overledger integrates with Make
Quant is a DeFi-focused platform that deploys blockchain solutions for financial institutions and enterprises. Quant’s solutions can help financial institutions integrate tokenized assets, and enterprises build blockchain-based models. Its native token QNT is used for various transactional purposes on the platform.
The platform also has a suite of tools that developers can use to create powerful dApps without requiring in-depth knowledge about blockchains.
One of its key offerings is Overledger which allows financial institutions and companies to automate their workflows. It can be integrated with digital assets for payment-related services.
To further simplify DeFi solutions for enterprises, Quant has integrated with Make. With the development, Make users would be able to leverage Overledger and automate payment processes based on the needs of their businesses. They can also monitor accounts and bridge assets, without coding.
Conclusion
InQubeta, Decentraland, and Quant were among the best altcoins for 2023 and they continue to be ahead of the game this year too. They have been performing well consistently and introducing their holders to new gains.
If Quant is for businesses and developers, Decentraland for GameFi enthusiasts, then InQubeta is empowering AI startups with its DeFi solutions. The variety of their use cases democratises the access to crypto assets and diversifies their use cases.
From diversification to long-term gains and even the potential to support generational wealth, the three crypto projects are ideal for every kind of portfolio.
However, crypto users must research and compare a project’s utilities before committing huge sums of money.
