There seems to be a tug-of-war between the two leading cryptocurrencies – Bitcoin (BTC) and Ethereum (ETH). While both have been posting strong growth consistently, there’s a lot of speculation about which one is the best cryptocurrency to buy.
A recent set of predictions by analysts seems to be tipping the scale in Ethereum’s favor. Multiple analysts have said that Ethereum can potentially outperform Bitcoin in 2024.
Meanwhile, InQubeta (QUBE) has been topping analysts’ best cryptocurrency ICO lists with its steady performance. The decentralized platform for raising funds for AI startups was released in 2023 and it has carved a niche for itself in a dynamic market like the crypto sector. Its presale funding currently stands at $7.6 million.
InQubeta: Making AI startups’ wishes come true
InQubeta is no ordinary cryptocurrency. It’s a blockchain-powered project which has the potential to catalyze the startup ecosystem with readily available funding. The QUBE presale has attracted many buyers and could reach the $10M figure soon.
InQubeta runs on a no-frills investment model where AI startups connect with investors through an NFT marketplace and raise funds. The payments and taxes are paid in terms of InQubeta’s native cryptocurrency, the QUBE token.
Having a currency for the entire ecosystem enables InQubeta to streamline transactions and ensure that they are processed quickly. The QUBE token is also for the governance of the platform. Its owners are given special voting privileges to participate in decisions.
Whenever there is a proposal from the InQubeta community for a change in protocol, the suggestions are put to a vote. Token holders exercise these exclusive rights to decide if a proposal is worth implementing.
An important use case of this token is its staking feature. Owners can lock their tokens in InQubeta’s liquidity pool and contribute to the platform’s balanced growth. In return, they are rewarded with cryptocurrencies. These rewards are given from a pool that’s funded by tax collections.
What adds to the charm of the QUBE token is its deflationary character. The feature tweaks token supply to guard its returns against inflation or market volatility.
It’s because of this feature that QUBE token holders can sit relaxed while the rest of the investors are reeling under inflation-induced losses. When inflation rises, the token’s availability is reduced.
By making the supply less than the demand, a deflationary model promotes asset value and curbs its fluctuation. Any additional tokens found in circulation are promptly burned to keep the supply scarce.
Ethereum’s Dencun upgrade to go live on the Goerli testnet
Ethereum is among the first altcoins that the world experimented with what blockchain technology can do, and ever since it has maintained its hold over the market. The decentralized technology today powers multiple cryptocurrencies, NFTs, blockchains, dApps, and other Web 3.0 solutions.
The ETH network leverages the proof-of-stake consensus algorithm for confirming transactions and keeping its network secure. Ethereum’s native token is ETH. Experts have predicted that Ethereum could finally surpass Bitcoin in 2024.
The platform was recently in the news following reports that Ethereum’s Dencun upgrade would go live on the Goerli testnet on January 17. After Goerli, the upgrade will be tested on the Sepolia and Holesky networks on January 30 and February 7, respectively.
Bitcoin is among the most preferred cryptocurrencies in India: Report
Bitcoin is among the altcoins to watch out for in 2024 due to its impressive performance. According to analysts, being one of the first cryptocurrencies to hit the market has helped Bitcoin massively. Its native token is BTC.
The proof-of-work platform generates new tokens through mining. Miners can create new tokens by either working independently or as part of a mining pool.
Bitcoin hit the headlines recently after it emerged as one of the most preferred cryptocurrencies in Indian cities in a report compiled by CoinSwitch. The report claimed that Delhi had the highest percentage of crypto users in India, followed by Mumbai, Hyderabad, and Bengaluru.
The report also claimed that most of these users preferred large-cap crypto assets like Bitcoin and Ethereum.
Conclusion
Ethereum, Bitcoin, and InQubeta are good options to consider if you don’t want to spend 2024 wondering what cryptos to buy now. Their continuous growth has boosted their potential to net long-term returns.
Their security frameworks and intuitive interfaces mark a new era in DeFi where cryptocurrencies are no longer confusing. Be it diversification or learning the basics of crypto investment, these three tokens are ideal for every user group.
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