There are three altcoins to watch right now because of their potential to surge in value. Cardano ($ADA) is poised for a substantial gain if it’s able to hit a key resistance level. Meanwhile, Klaytn ($KLAY) and InQubeta ($QUBE) have captured the attention of traders. Klaytn recently received a bullish rating, while InQubeta is fast becoming the best DeFi crypto project because of its unique value proposition. Let’s take a closer look at each of these altcoins.
What you'll learn 👉
Cardano’s ($ADA) Potential 25% Gain
Cardano ($ADA), the eighth-largest cryptocurrency by market capitalization, is showing bullish signs that could lead to a remarkable 25% gain this winter. This is contingent on its ability to breach the critical resistance level at $0.313.
$ADA’s ascent has been steady, following its recent low of $0.243 on October 13. On October 16, it registered a 4.51% gain over the past 24 hours – a promising sign for seasoned and beginner cryptocurrency traders. The next hurdle for Cardano is located in the $0.27–$0.28 range, and should the bulls successfully surpass these levels, a 25% gain with an altcoin price target of $0.313 may be on the cards.
Analysts have drawn parallels between Cardano’s current consolidation phase and the 2018 to 2020 period, suggesting a target of $6 in the event of a breakout. Conversely, if bearish sentiment returns and leads to a price drop below $0.237, it could open the door to a decline below $0.22, possibly descending as low as $0.20.
Cardano is demonstrating advancements with recent releases, which include updates to the Lace wallet and enhancements to the platform’s persistence. These developments could support $ADA’s bullish momentum.
Klaytn’s ($KLAY) Bullish Momentum
Klaytn ($KLAY) has had a difficult year. Its altcoin price has been in the red since mid-August, with $KLAY trading at its lowest point on September 22 – at $0.1087 – according to CoinMarketCap.
Despite its overall bearish price action, Klaytn has made some positive moves recently. While it’s still experiencing small dips, it has managed to climb back up from its September lows, trading at $0.1331 on October 16 per CoinMarketCap. It also received a bullish rating from InvestorsObserver on October 14 as a result of $KLAY’s short-term rally for the past five days leading up to this date. This development has undoubtedly attracted the attention of investors, who are now waiting to see if Klaytn can continue its recent momentum and reach its all-time high of $4.38, which was set on April 2, 2021.
InQubeta’s ($QUBE) Promising Future
InQubeta ($QUBE) is a crowdfunding platform that continues to attract investors due to its new approach to investing in startups that leverage artificial intelligence (AI). It subscribes to a fractional investment strategy that benefits both investors and startups.
With InQubeta ($QUBE), AI startups can obtain funding by minting non-fungible tokens (NFTs) that represent investment opportunities they’re offering. These may be reward- or equity-based NFTs that are fractionalized to allow a wider range of investors to participate. The advantage of this approach is it bypasses traditional funding methods that may be more restrictive. Investors can go to InQubeta’s popular NFT marketplace to find the NFTs of startups they want to support, and then purchase these using $QUBE. Since the NFTs are fractionalized, they can be purchased at price points that are more accessible to a larger audience.
$QUBE tokens are ERC20 coins that serve as the platform`s utility token. Apart from facilitating the purchase of NFTs, $QUBE also gives holders governance rights, which means they can propose and vote on decisions that may affect InQubeta’s operations and direction. The token’s deflationary feature – which includes a 2% tax on buy and sell transactions that goes to a burn wallet – contributes to its long-term value appreciation. A 5% sell tax is also allocated to a dedicated reward pool, allowing investors to earn rewards by staking their tokens.
Conclusion
Cardano ($ADA), Klaytn ($KLAY), and InQubeta ($QUBE) are three altcoins currently on the radar of investors. Among these, InQubeta is the most promising. It offers a high-growth investment opportunity for those who want to participate in the crypto market while contributing to, and benefiting from, the growing AI sector.
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