If you are interested in adding tokens that can prop up your crypto portfolio’s ability to earn long-term returns, there are many options available in the market today.
These cryptos range from new and old altcoins with a diverse range of use cases to cater to various user groups. According to analysts, the current top picks include InQubeta (QUBE), Sui (SUI), Avalanche (AVAX), Celestia (TIA), and SingularityNET (AGIX).
InQubeta has been receiving a lot of attention as it’s still in the presale stage. It is built on Ethereum and helps startups find funding for artificial intelligence-powered projects.
QUBE has even made its way to analysts’ best cryptocurrency ICO lists after collecting over $5.2 million in presale funding recently.
1. InQubeta: Exploring the future of AI with DeFi solutions
The QUBE token’s best feature is its deflationary model which acts as a shield for your returns when the markets are not in good spirits. Whether it’s inflation or market volatility, token holders can be assured of their returns being safe.
A deflationary model works on the principle that the token supply shall always be less than what people are demanding in the market. By limiting the availability of tokens, the model curbs frequent price changes and boosts holders’ confidence in the token.
If the supply rises beyond a level that the team is comfortable with, the additional tokens are burned to restore the status quo.
The supply might be disturbed usually when there are too many QUBE tokens being purchased or sold. The InQubeta team imposes a small tax every time one buys or sells the QUBE token.
Since the tax is also paid in terms of QUBE tokens, such transactions might influence the supply. Hence, to avoid changes in supply, the InQubeta team destroys a small part of the tokens collected as tax for every transaction.
The majority of the tax proceeds are then used for funding the rewards pool and injecting more liquidity into the platform. The deflationary mechanism is also one of the reasons why InQubeta’s presale has been rated as one of the best new ICOs of the year.
InQubeta has evolved as one of the best altcoins of 2023 with its unambiguous and user-friendly mechanism where startups and investors don’t have to be concerned about formalities and unnecessary documentation to find opportunities for growth.
The platform has created an intuitive mechanism where users can explore the platform without needing much help. The only requirement that startups have to oblige is having a rewards-based offer for investors.
These offers are a window to what the startups are ready to offer the investor and the details of their AI project. All these offers are tokenized and then posted on InQubeta’s online marketplace. At the portal, investors can check out new offers from startups, compare them, and use their QUBE tokens to buy them.
These NFTs can be divided into smaller assets through fractionalization, hence investors can even invest in a part of the startup project.
2. SingularityNET, Dfinity Foundation to build AI models powered by smart contracts
SingularityNET has been rated as one of the altcoins to watch this year as it has created a novel platform to capitalize on the potential of a pioneering technology like artificial intelligence (AI).
It allows AI innovators to set their creativity free and monetize their creations. The blockchain-powered platform enables developers to create AI-based services, sell them at its online marketplace and create wealth.
Aiming to explore new opportunities in Artificial Intelligence, SingularityNet is trying to empower innovators through its unique mechanism and constantly innovative products. Its native token is called AGIX and is used for meeting all kinds of transactional obligations on the network.
SingularityNET’s tech stack includes an AI marketplace where developers can search, test out, and choose AI algorithms from a massive library. This library has been created by an entire community of talented service providers with a lot of experience. Using these algorithms, innovators can integrate new services in their dApps.
Developers can use SingularityNet’s publishing platform for deploying, editing, selling, and managing their AI services. SingularityNet also has a technology to make work easier. Under its Domain Specific Language vertical, the platform offers a self-organizing network of AI agents who can outsource work among themselves.
The work could range from negotiating payments to exchanging input and output data, boosting the agent reputation system, or using AI functions.
Buyers can also gain from AGIX staking and bridge facilities where token holders can earn passive income. AGIX token holders can vest their assets during staking sessions and earn crypto rewards in exchange.
Alternatively, they can transfer their AGIX tokens to SingularityNET-supported blockchains like Cardano and Ethereum via a bridge.
The platform was recently in the news after it announced that it would be partnering with the Dfinity Foundation to create AI models that will be powered by smart contracts. The move is expected to bridge the gap between AI blockchain and smart contracts.
As part of the partnership, SingularityNET will be integrating the Internet Computer blockchain into its AI marketplace.
3. Celestia: A modular blockchain for higher scalability
If you are looking for options that could end your concerns about what cryptos to buy now, Celestia would be an ideal token. It has been developed as a modular data availability blockchain and scales as the network grows, thereby making it easier to deploy new blockchains with nominal overhead.
For the developer community, Celestia’s minimalistic framework offers a great advantage as it introduces a new primitive. With this primitive, the blockchain decouples the execution of transactions from consensus.
As there are no limitations on executing or settling transactions, developers have the leeway to customize their settlement and execution environments. The feature can unlock new opportunities for Web 3.0 developers.
The platform has released a native cryptocurrency TIA which functions as the official medium of exchange in the Celestia ecosystem.
Celestia’s modular framework gives it an edge over monolithic blockchains, where developers often face problems while scaling as all core functions are performed by the network.
Modular blockchains separate the execution of transactions from the consensus mechanism, which boosts scalability without hampering the decentralization or security of the network.
The benefits of a modular framework don’t end here, and there are multiple new avenues that developers can explore. For instance, they can experiment more easily with Celestia’s validator set.
Celestia’s blockchain network gives developers more control over the dApp and the freedom to customize the tech stack without needing permission from third-party applications.
4. Sui: Making digital asset ownership more secure and hassle-free
Sui is a Layer 1 blockchain that eliminates hassles in digital asset ownership through its object-centric model. With SUI, owning a digital asset can be made more secure, privacy-centric, and accessible.
The platform has rolled out a native token called SUI which bankrolls all transactions on the platform. Leveraging Sui’s step-function advancement and other features, developers can create more user-friendly experiences.
Sui’s object-centric model is a key reason why many developers seem to prefer it. The model is based on the Move language and uses approaches like parallel execution and horizontal scaling for high-speed operations.
In this object-centric model, the smallest unit of a data store is not users’ accounts but an object. These objects are programmable and can be created and managed easily. They represent the entry-level assets on the blockchain.
These objects have attributes like ownership, and they can be updated through changes in smart contracts. Sui stores objects directly on the blockchain.
Unlike regular blockchains, Sui allows for transactions to be submitted, executed, and confirmed in parallel. It achieves this through the Byzantine Consistent Broadcast to ensure a high throughput and low latency.
5. Avalanche’s Colony Labs to fund the Validator Program
Widely rated as one of the best cryptocurrencies to buy this year, Avalanche is a developer’s dream come true. The Layer 1 blockchain sports new-age features that pave the way for seamless deployment of scalable dApps.
Apart from dApps, Avalanche enables developers to create and deploy customized blockchains. Avalanche has often been touted as an ‘Ethereum rival’ as it can offer a higher throughput and degree of scalability.
Its native token is AVAX which is among the most popular cryptocurrencies globally and is available on most exchanges.
The top altcoin has won over developers with its next-generation code architecture, which is composed of three separate blockchains, each having a distinct purpose. The first is the Exchange or X-Chain, where all assets, including the AVAX token, are created and swapped. The tokens use Avalanche’s consensus protocol.
The second blockchain is the Contract or C-Chain, where all dApps and smart contracts are hosted. The network leverages the Avalanche Virtual Machine and allows developers to fork EVM-friendly dApps.
The third chain is the Platform or P-Chain, which monitors subnets, coordinates with validators and allows the deployment of new subnets. Both P-chain and C-chain use the Snowman consensus mechanism. The splitting of computing tasks across blockchains enhances Avalanche’s throughput without reducing decentralization.
Avalanche has been able to garner a global user base through new initiatives and partnerships to boost its usability.
Recently, Avalanche-backed accelerator Colony Lab announced that it would be investing $10 million to develop the network. Colony Lab said it has purchased AVAX tokens worth $8 million over the past few months which will be used for funding a validators’ program.
Conclusion
There are many recommendations for the best altcoin to buy in today’s market, but these five cryptocurrencies are the ones with the most promising prospects.
Analysts who have been monitoring the market feel that their growth potential gives them an advantage over other options. These coins can secure not just one’s present but the future as well. What sweetens the deal is that they can also offer the benefit of a diversified portfolio.
Crypto users should always research and read about a token before going for it. A little due diligence can help one find out about potential risks and make more well-informed decisions.
