With the investor sentiment post-BTC ETFs reaching new highs, Pepe coin (PEPE) has been one of the biggest gainers of the phenomenon. With its prices recording surges as high as 350% in a matter of a few days, many early investors of the meme coin are now millionaires.
Analysts who have been studying key metrics believe that the token will be able to sustain the rally for the time being.
Another altcoin that has been drawing users with its steady growth is InQubeta (QUBE). The Ethereum-powered crypto project helps startups raise funds for AI projects through NFT sales.
The platform’s presale stages have been selling out fast and so far, its ICO has raised more than $11.8 million. Given the rapid strides that the token is making in the market, experts expect it to easily outperform top names like Algorand (ALGO).
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InQubeta: Creating a community of thriving AI startups
InQubeta offers a novel way to use cryptocurrencies for investing in startups and giving AI innovation a push. The platform has created an exclusive cryptocurrency for all its transactions. Called the QUBE token, it’s a future-looking cryptocurrency with a far-reaching impact.
The top altcoin has a total supply of 1.5 billion which is split across different use cases to ensure optimal growth of the platform. While 65% of the total supply is to be sold to investors, the remaining will be used for replenishing liquidity pools and paying developers and legal fees, among other uses.
The QUBE token is powered by a deflationary model which means that the asset’s owners don’t have to stress about the effect of inflation on their portfolios. If inflation or market volatility is on the rise, a deflationary model lowers the asset supply.
The reduced availability boosts the token value and demand. The combined effect of a deficient supply and stable prices gives the QUBE token an upper hand over other asset categories.
Even if the supply rises, it’s brought back to earlier levels by burning the additional tokens in circulation.
Considered to be one of the best new ICOs, InQubeta invites crypto users to buy NFTs from its online marketplace. These NFTs are minted from investment proposals submitted by AI startups. The proceeds from the sale of the NFTs are transferred to the startup after the transaction is processed.
Once the funds are secured, startups can focus on the next phase of their journey. They can start connecting with professionals from different backgrounds to find mentors to guide them.
Through their interactions, innovators can also market their projects and target the right audience groups.
Pepe coin whale gains $8.31 million in profits
Inspired by Matt Furie’s famous cartoon character, the Pepe coin is a leading meme coin. The frog-themed cryptocurrency has been garnering broader investor interest with its positive price action.
In a short span of time, the meme coin’s native token, PEPE, has secured a spot in the list of 2024’s best cryptos.
In the wake of its bullish rally, a PEPE whale recently pocketed around $8.31 million in profits by withdrawing over 1 trillion tokens from Binance.
The development was reported by Lookonchain on March 10, 2024, and the action was performed in three transactions.
Algorand-backed Gora.Fi Beta programme goes live
A third-layer blockchain, Algorand is a carbon-neutral platform where developers can find tools for deploying dApps.
Its native token is ALGO and its transactions are confirmed with the proof-of-stake consensus. It has one of the fastest block times which has encouraged more developers to explore its features. Its native token ALGO is used for various transactions.
The blockchain was in the spotlight after the Gora.Fi Beta Test programme went live on the Algorand network. The platform strives to make cross-chain swaps more efficient.
Conclusion
InQubeta, Algorand, and Pepe coins are some of the top cryptos to invest in this year. These tokens have been posting steady returns and continue to be analysts’ favorites. They have opened up the DeFi sector to diverse audience groups with utility-centric models.
While Pepe coin is a quirky crypto project, Algorand is a blockchain network for developers. InQubeta has emerged as a hot favorite as it has come up with an innovative solution to resolve challenges faced by startups while fundraising.
These cryptocurrencies have won over people with their robust security frameworks and keep them assured about the safety of their assets.
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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