It’s not every day that you get to hear that a token can potentially achieve 10x growth. Following Ripple’s smashing performance in the market recently, analysts feel that it has the potential to rise by 10x in 2024.
But, what if we told you there’s a token that’s expected to grow by twice as much? A large section of crypto analysts have recently claimed that the newly launched InQubeta (QUBE) has the potential to register much higher returns and could rise by as much as 20x in the long term.
The platform connects startups working in the artificial intelligence sector with investors and helps both sides find avenues of growth. Analysts are basing their projections on the success of InQubeta’s cryptocurrency ICO where it has already raised over $4.1 million.
InQubeta: How blockchain can help startups write their success stories
InQubeta is a platform that empowers startups with DeFi while making investment in AI-based projects more accessible. It combines the functionality of Ethereum with its unique use case to enable investors to keep up with technological advancements.
The platform has rolled out a native cryptocurrency called the QUBE token which is used for various kinds of payments and rewards in the InQubeta ecosystem. The token is powered by the ERC-20 standard and has a supply capped at 1.5 billion. However, just 65% of the token supply is being made available for purchase during the presale stages.
The rest of the supply is used for different purposes like funding marketing activities, paying developers and legal advisors, and maintaining the reward and liquidity pools. The allocation of tokens is expected to support the optimal growth of the platform.
As the QUBE token is among the top cryptos to invest in, many crypto users are lining up to purchase it. If you are one of them, you should know that the tokens have a vesting period of 12 weeks. According to the team, the delay helps them in phasing the release of the token. Otherwise, if all tokens are made available at once, it would create an excess supply and impact the asset’s value.
There are multiple reasons why InQubeta is among the best altcoins for 2023. Chief among them is its decentralized governance structure that involves all stakeholders while deciding on important issues.
The community members have the freedom to suggest any change that they feel can enhance the InQubeta protocol’s potential. Their suggestions are discussed among other community members and then put to a vote.
The token holders enjoy special voting privileges which they use to decide if the proposal can be implemented. By using their judgment, token holders can decide if a set of proposed changes can complement the platform’s growth trajectory.
InQubeta has managed to carve a niche for itself in a market that is otherwise buzzing with new altcoins. For many analysts, it is partly due to its deflationary model. It helps to safeguard the asset’s price when the market is reeling under inflationary tendencies. The model advocates a scarce supply to control inflation. If the supply rises beyond a predefined level, the excess tokens are destroyed.
With InQubeta, startups don’t have to be worried about unnecessary formalities while raising funds. It has a transparent process that ensures that startups connect with only genuine investors.
The only thing that startups have to do is to submit a reward-based proposal to the investor. These offers are turned into NFTs and then uploaded on InQubeta’s marketplace. If an investor likes an offer, they can buy it with QUBE tokens.
Ripple is powered by the XRP Ledger technology and it empowers businesses to use blockchain technology to offer high-speed online transactions, lower their capital usage, explore new revenue streams, and find out more about their target audience, among others. Its native token is XRP and it’s used for all transactions processed on the network.
On-chain analysts watching the XRP tokens’ price have predicted a rise of 10x as whales have been accumulating Ripple heavily in recent months.
It’s raining good news for the cryptocurrency market as several tokens are expected to lead a bull rally in the coming months. While Ripple has been around for a long time and users are well-versed in its potential, InQubeta has been a surprise package for everyone.
Ripple has managed to emerge unscarred after its long battle with the US SEC and could be heading for millionaire gains soon.
However, it is InQubeta that could provide better gains as it is backed by strong utility and has good tokenomics. Experts feel that this latest ico is just a curtain-raiser for what they feel is going to be a blockbuster inning in the long term.