The 6 Best Cryptocurrencies To Buy Now – Top 2023 Investments
There are just three more months left in 2023, and the cryptocurrency market is showing no signs of slowing down. The market started the year on a good note and is likely to ring in the New Year on a high note. Many new altcoins have been launched that can be accumulated at low prices during the presale stage. It is a good strategy to diversify your portfolio by adding a mix of veteran cryptocurrencies along with some new presale-stage coins. This strategy can result in a portfolio that could potentially provide millionaire gains in the long term.
If you are looking to jazz up your portfolio by exploring new options, you won’t be disappointed with what the market has to offer currently. While investors are optimistic about the usual favorites like Ripple, Cardano, and Hedera, new altcoins like InQubeta (QUBE) are also attracting many buyers.
To know more about some of the best altcoins of 2023, just read through the following list.
1. InQubeta: Where DeFi comes to the rescue of startups
InQubeta is not an ordinary crypto project but a state-of-the-art platform where budding startups can enhance their growth trajectory by gaining access to funds for their project. The platform single-handedly creates a practical plan for leveraging artificial intelligence, blockchain, and startup talent to bring about a transformation in all three sectors. Its native cryptocurrency is the QUBE token, and it’s used for various transactional uses on the network.
The QUBE token is currently available on presale and is being hailed as the top ICO of 2023 after its stellar growth over the past few months. If you are interested in purchasing QUBE, just remember that it has a 12-week vesting period, and a buyer would have to wait for the lock-in period to end to access the purchased QUBE tokens. This step has been taken to ensure that all investors are protected against pump-and-dump schemes. According to the InQubeta team, a vesting period can help to phase the release of its tokens and avoid creating a glut in the market. The strategy tames price fluctuations and boosts cryptocurrency users’ confidence in the QUBE token.
The Ethereum-based platform was rolled out earlier this year and helps startups working with artificial intelligence projects find the right funding. By bridging the gap between investors and startups, InQubeta enables crypto users to access promising projects ahead of their market launch and gain the early mover advantage. The success of its cryptocurrency ICO is another reason why InQubeta is being sought after. In a short period, its presale funding has crossed $ 3.2 million.
What makes the QUBE token a good crypto to buy is its versatility. Not only is it used for all transactional uses on the network but is also pivotal to the network’s governance. As InQubeta leverages a decentralized autonomous organization model for governance, all stakeholders, including token holders, have the leeway to contribute to operational matters and decision-making. If a community member has a suggestion, they pitch it as a proposal to other community members. The proposal is discussed by community members to highlight its pros and cons. Later, it is put to a vote, and token holders use their special voting rights to vote for these proposals.
QUBE is built on a deflationary model, and the mechanism is instrumental in protecting token holders’ returns when the market is volatile or reeling under inflationary pressures. A deflationary model mandates that the token supply is kept scarce by ensuring that it stays below the market demand. This is done by ensuring that extra tokens in circulation are destroyed by sending them to a burn wallet. As the supply is always limited, the price fluctuations are minimal. An example of how the mechanism works is the taxes levied by the platform on the sale or purchase of QUBE tokens. Buyers and sellers of tokens have to pay a nominal tax on such transactions in terms of QUBE tokens. While the tax proceeds are largely used for financing marketing activities and maintaining liquidity pools, a small part of the tokens are burned to keep the supply in check.
Lastly, the QUBE token can be staked in exchange for attractive crypto rewards. The longer a token holder is ready to stake the assets, the higher would be the returns.
For startups who are looking to explore more opportunities on InQubeta, the first thing to get in order is an offer for the investors. In exchange for funding, startups can offer a reward level of a share in their company’s equity. These offers are tokenized and minted as NFTs that are made available on InQubeta’s NFT marketplace. At the marketplace, investors can access and evaluate these offer-based NFTs and, if they agree to the terms, purchase them with their QUBE tokens. These NFTs can be fractionalised as well, so even an average crypto user can look forward to becoming a startup investor with InQubeta.
2. Ripple: Blockchain for business growth
Ripple is a decentralized platform offering enterprise-grade solutions and helping businesses grow by leveraging blockchain technology. Its native cryptocurrency is the XRP token, and it’s used for transactional purposes on the network. Ripple is powered by the XRP ledger (XRPL) technology.
In the past, businesses that have leveraged Ripple’s solutions have gained by reducing their capital requirements, exploring new revenue streams, targeting new audience groups, and processing faster transactions. Ripple has managed to remain relatively unscathed in spite of its current battle against the US SEC and has come up with many new partnerships. Experts have backed the XRP token as the top investment of 2023 since it has plans for more upgrades and partnerships with new enterprises.
3. Cardano: Enhancing adoption of Ouroboros protocol
Powered by the Ouroboros protocol, Cardano can end all your worries about which crypto to buy today for the long term. For many developers, Cardano stands out because the Ouroboros protocol is based on peer-reviewed research and evidence-based methods. Its native cryptocurrency is the ADA token, and it’s the primary cryptocurrency of the network.
Cardano is among the blockchain networks that have successfully leveraged the proof-of-stake consensus protocol for boosting decentralization. Unlike the proof-of-work algorithm, PoS is a more environmentally friendly protocol and has a lower energy requirement. The team also goes to great lengths to ensure that any technology developed by the network is backed by solid research and an evidence-based methodology, as it helps in addressing teething troubles before the technology is launched on the mainnet.
Cardano is currently working on the Basho upgrade that will provide better scalability and interoperability for the ADA ecosystem. Many whales are currently accumulating the ADA token, and it remains a top bet in 2023 as it could witness multiple rallies after the successful implementation of the Basho upgrade.
4. Toncoin: Seamless crypto payments at nominal fees
Toncoin is among the best altcoins that you can find in today’s market and is built on a decentralized Layer 1 blockchain. The platform is used by a large number of users for purchasing cryptocurrencies, making payments with them, and storing them. Clients pay a nominal transaction fee and use Toncoin’s native token TON for settling payments and validating transactions. The network leverages the proof-of-stake consensus algorithm for securing the network. With the PoS protocol, Toncoin gains in terms of scalability and reliability.
Toncoin has a multi-level decentralized structure that works on the principle of sharding. In sharding, multiple subnets work on the same blockchain and each subnet will have a different function. The sharding feature does away with the accumulation of unverified blocks and speeds up operations. Another advantage of sharding is that it enhances scalability, efficiency, and mass adoption of the network. Toncoin remains a top favorite token in 2023 as it has an easy-to-use interface and has plans for integration with dApps and popular social media channels.
5. Hedera: Deploying high-performance dApps with cutting-edge tools
Hedera is an enterprise-grade public network that equips developers with cutting-edge tools to deploy powerful dApps. It has emerged as one of the top cryptos to invest in by eliminating challenges like instability and low performance that are associated with legacy blockchain platforms. Its native token, HBAR, comes in handy while dealing with various transactional purposes on the network. The HBAR token is a versatile cryptocurrency that powers services like seamless transactions, file storage, and smart contracts. It’s also used for securing the network as token holders can stake their assets and help with ensuring optimal growth for the platform.
The network is powered by Hedera Hashgraph, which is a distributed ledger technology. What sets Hedera apart from several altcoins as it uses the hashgraph consensus algorithm. The key benefits of the algorithm include faster transactions, fewer delays, better security, and higher transactions per second. The core services offered by Hedera include the consensus service, where clients can negotiate consensus timestamping and orders by sending messages to the network. Another popular offering by the platform is the Hedera token service, with which clients can easily generate tokens and manage them.
Hedera has emerged as the best cryptocurrency to invest in 2023 as it has managed to leverage its strategic relationship with DU to bring innovative blockchain solutions for SMEs and enterprises. DU is an Emirates-based telecommunications company.
6. Chainlink: Leveraging the power of oracles-based protocols
Chainlink is among the top crypto coins that are developer-friendly and utility-centric. It is a blockchain abstraction layer for connecting smart contracts. It’s powered by an oracles network which facilitates seamless interactions between a blockchain and data feeds, payment solutions, and Web 3.0 events. With these interactions, Chainlink supplies critical off-chain data to smart contracts. It has also released a native cryptocurrency called the LINK token, and it’s the official token of the Chainlink ecosystem.
The Chainlink ecosystem is an open-source network that is maintained by node operators, researchers, data providers, security auditors, and smart contract developers, among other professionals.
Chainlink was among the first decentralized networks to offer integration of smart contracts with off-chain data. With its extensive network of trusted partners, Chainlink is among the leading decentralized platforms in the data processing sector. By offering integration of critical off-chain data, Chainlink has drawn the attention of several data providers who can sell access to data to Chainlink and thereby monetize the information that they have. What makes Chainlink a good crypto to buy is the ease with which one can become a node operator and earn rewards by running data infrastructure. Its collection of node operators together power Price Feed oracle networks. Widely considered as the top 2023 investment, the LINK token could potentially provide handsome gains as it is currently being accumulated by whales.
Conclusion
The year 2023 has been quite good for the cryptocurrency market, and users can provide their portfolios with a nice boost by opting for any of these six cryptocurrencies. However, if you are aiming at the long term, the one cryptocurrency that’s being recommended by crypto analysts is InQubeta.
By choosing InQubeta, crypto users get a chance to be a part of a startup’s growth journey and yield rich rewards for their patience and investment. They can turn these investment opportunities into a steady source of income that could secure their future. QUBE is powered by a robust security system to keep both your assets and privacy safe.
Wading through a sea of new altcoins, InQubeta has managed to carve a niche for itself with its innovative and unique solutions.
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