The cryptocurrency market continues to be a hotbed of excitement and volatility. Among the thousands of cryptocurrencies that exist today, Ripple ($XRP), Cardano ($ADA), and InQubeta ($QUBE) have caught the attention of traders and investors alike. With momentum slowly picking up, these are the three altcoins to watch as they’re emerging as bullish favorites. Industry experts are backing these three blockchain projects, acknowledging each platform’s huge potential for growth in the months leading to 2024.
Let’s take a closer look at three of the best coins to invest in and learn why veteran and beginner cryptocurrency traders are backing them.
The Resurgence of Ripple ($XRP)
Ripple has long cemented its position as one of the top crypto coins in the market. Its native token, $XRP, is the fourth largest cryptocurrency based on market capitalization. The platform has had its own share of highs and lows, with sporadic increases and decreases in value in a short amount of time. For example, its $XRP token experienced a significant increase in value last July when the company won a court ruling. A federal court judge ruled in favor of Ripple, declaring that $XRP cannot be labeled as a security when selling to the public and not to institutional investors. Despite this development, the altcoin price decreased in August.
One of the key factors driving bullish sentiment around Ripple is the adoption by financial institutions. Blockchain technology results in faster and more cost-effective cross-border transactions that banks and payment service providers can take advantage of to provide better services.
Initially intended for cross-border payments, Ripple now sets its sights on exploring decentralized financing (DeFi), non-fungible tokens (NFT), and other initiatives with reputable institutions. This conscious diversification of utility can potentially appeal to beginner investors wanting to know how to start a cryptocurrency portfolio.
Cardano ($ADA): The Smart Contract Pioneer
Cardano is a blockchain platform that focuses on three main features: scalability, sustainability, and smart contracts. Founded in 2015 by Ethereum co-founder Charles Hoskinson, Cardano was officially launched in 2017 and has since become one of the top crypto coins. Cardano aims to become a decentralized application (dApp) development platform with verifiable smart contracts and a multilevel ledger.
One of the main reasons for Cardano’s recent bullish trend is its smart contract functionality. Cardano prides itself as an updated “third-generation” platform in contrast to Ethereum, which it considers “second-generation”.
Industry experts are looking forward to Cardano becoming a hub for DeFi projects, NFTs, and other applications. If the platform becomes successful in this endeavor, it could result in a high demand for $ADA tokens. With its smart contract capabilities and sustainability focus, Cardano ($ADA) cements its position as one of the best cryptos to buy now.
InQubeta ($QUBE): The Rising Star
InQubeta ($QUBE) may be relatively new in the cryptocurrency market, but it has been gaining significant momentum even during its pre-sale campaign. The world’s first artificial intelligence (AI) crowdfunding platform has raised more than $3.2 million and is currently in its fourth presale stage. Proof of its popularity is the rising number of followers on its Twitter and other social media accounts where regular updates are posted. InQubeta is designed for fractional investment in AI startups and shows a strong potential for growth because of its unique concept.
Industry insiders consider InQubeta ($QUBE) one of the best DeFi projects today, which has piqued the interest of long-time and newbie investors. DeFi, or decentralized finance, is a new financial technology based on secure distributed ledgers like the ones used by top cryptocurrencies. DeFi platforms use smart contracts to process transactions using their native tokens.
InQubeta ($QUBE) uses blockchain technology and smart contracts for the democratization of AI investments, making it easier for anyone to invest in promising AI startups. These startups can raise capital by offering NFT-based investment opportunities. Investors can purchase fractionalized NFTs via the InQubeta marketplace using their $QUBE tokens.
This innovative approach to crowdfunding benefits both investors and AI startups. It’s easier for investors to support their chosen AI projects within the InQubeta ($QUBE) marketplace, and they can receive equity-based rewards from these investments. On the other hand, promising AI startups can easily get funding from a pool of investors without going through the traditional fundraising route.
If $QUBE holders opt to stake their tokens, they can earn passive income and receive rewards aside from the profits they earn from their investments. A 2% buy tax and another 5% sell tax will go to the reward pool. They also receive governance rights, giving them a say in the future of the platform.
Industry experts predict that the $QUBE altcoin price will continue to increase even after the presale event ends, further establishing InQubeta as a major player in the cryptocurrency market.
Bottom line
As the cryptocurrency landscape continues to change, traders are constantly on the lookout for assets with the potential for significant gains. Ripple ($XRP), Cardano ($ADA), and InQubeta ($QUBE) have emerged as three compelling choices for their unique features and recent developments. Ripple’s adoption by financial institutions, Cardano’s smart contract capabilities, and InQubeta’s AI-forward approach have resulted in each of them gaining momentum.
As momentum continues to build for Ripple, Cardano, and InQubeta, these cryptocurrencies will undoubtedly remain in the spotlight, and traders will be closely monitoring their progress in the months and years to come. InQubeta ($QUBE), in particular, stands out among the new crop of altcoins because of its potential for growth, owing to its focus on the lucrative and fast-growing AI market.
