Buying up Bonk (BONK) might be a good crypto investment right now, as its price has fallen by over 29% in the past month. That makes tokens extremely cheap at the moment, and solid support has been found at the $0.00002238 mark twice, so prices likely won’t go much lower.
BONK is the first dog coin launched on the Solana (SOL) network, and it has enjoyed over 4,000% growth in the past twelve months. Some analysts believe the pump and dump is over, while others expect it to bounce back once Bitcoin (BTC) starts gaining momentum.
Meanwhile, Algorand (ALGO) challenger InQubeta (QUBE) is preparing to surge exponentially as its launch date on Uniswap (UNI) draws closer. Its initial coin offering has raised over $13.3 million, surpassing the ICOs of some of the best DeFi coins like the Solana project.
What you'll learn 👉
Analysts tout InQubeta (QUBE) as the best new cryptocurrency to invest in
InQubeta aims to create a decentralized investment space that uses a crowdfunding model to provide regular investors with access to investment prospects in the artificial intelligence (AI) industry.
That’s been one of the most significant issues regular investors have faced for years when they try to invest through traditional channels. Many of these firms often require investors to meet insane income or net worth requirements to get access to the services.
Cryptocurrency analysts have long predicted that decentralized finance platforms would solve the issue of conventional investment avenues not being accessible. InQubeta is the first DeFi platform focusing on opening up access to investments in the AI sector.
Here’s how InQubeta’s ecosystem is expected to work:
- AI startups looking to fundraise gain access to the NFT marketplace once they’ve been deemed eligible by InQubeta’s team
- Any investment opportunities these companies have to offer are tokenized into non-fungible tokens (NFTs)
- Investors looking to buy equity in AI startups can do so by acquiring fractions of the NFTs made by the companies’ fundraising
- Investors can trade any tokens purchased with other users or hold them long-term
InQubeta investors can also earn big on InQubeta by holding on to QUBE as its price rises. The 1.5 billion token supply ensures prices grow considerably as its market cap increases. QUBE could be worth a couple of dollars by the end of the year and hundreds of dollars in the coming years.
Bonk’s (BONK) price surge slows down
BONK’s price has declined by 29% as its last round of pump and dump ends and investors take profits. The past few months have been excellent for dog coins, and BONK emerged as one of the best meme coins to buy.
BONK’s price has stabilized around $0.00002227; market metrics like its relative strength index at 44 suggest it will soon go on another bull run.
Algorand’s (ALGO) struggles continue
Algorand is a programmable decentralized network that supports various applications. It runs one of the top-performing blockchains worldwide, which helps drive new users to its ecosystem to launch powerful applications.
ALGO’s price has surged by 14% in the past month but bounced back every time it hit the $0.09 support level. Buying ALGO could be an excellent short-term investment, given the highs set in the past 30 days at $0.32.
Summary
QUBE is undoubtedly the best crypto to buy now, given the 10,000% surge expected once tokens are launched. ALGO and BONK could be suitable short-term investments but there’s no point investing in either long-term when there are safer options like QUBE to back.
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