The cryptocurrency market has witnessed remarkable growth in recent years. The blockchain industry started as a niche technology aimed at payment transfers but soon became a global financial sensation with diverse applications. Since the launch of Bitcoin (BTC), the market has grown exponentially with the current global crypto sector serving many users throughout the world.
October is widely considered a historic bullish month, especially after Bitcoin’s performance over the years, and crypto enthusiasts have termed it ‘Uptober’.
Among the projects showcasing a bullish movement include new altcoins like InQubeta (QUBE) and established platforms like Polygon (MATIC), Solana (SOL), Filecoin (FIL), and Avalanche (AVAX). Leveraging the power of blockchain and smart contracts, each of these projects addresses the pressing concerns of the crypto community and offers a unique value proposition.
Analysts and crypto enthusiasts suggest adding the following five top crypto coins to create a diverse portfolio that could potentially provide king-sized gains in the long term.
What you'll learn 👉
1. InQubeta Raises Massive Investment in Presale
InQubeta’s recently launched cryptocurrency crowdfunding platform has sparked excitement among investors as it records massive investment funding during the presale. The project is currently in its fourth presale stage and has already accumulated over $3.4 million in funds.
The native token QUBE is presently priced at $0.0133 with promo codes available for an early adopter bonus. Analysts have hailed the QUBE token as one of the top crypto to invest in this year.
InQubeta’s revolutionary platform is the pioneer in cryptocurrency fundraising opportunities for AI startups. Its innovative design allows users to invest in the future of AI technology through a fractional investment system and buyers can easily participate depending on their budget.
Another unique aspect of the design is its convenient interface which is easy to navigate for even new users. InQubeta’s NFT-driven marketplace allows startups seeking investment to create and list NFTs coupling them with profitable rewards and equity to attract potential investors.
The marketplace also enables investors to browse through the listed NFTs, evaluate and choose the one that best suits them. The purchase is made using QUBE tokens and startups can immediately gain access to funds required for their growth.
What’s in it for the investors? Investors are entitled to a variety of privileges that come along with the investment. Buyers get exclusive access to the products and services of the company. Early buyers are also entitled to profit-sharing programs, equity in the company, and other benefits as determined by the startup.
Moreover, the native token QUBE also offers several earning models. The holders of the QUBE token can indulge in the process of trading, staking, investment, and governance of the InQubeta protocol. Staking allows users to continuously draw benefits from the reward pool which is funded through the 5% buy and sell tax within the network to ensure it never runs out of funds.
Built on the Ethereum network, QUBE has secured the position of one of the best altcoins in the market today as a utility and governance token. Another distinctive feature is QUBE’s deflationary nature which is designed to reduce its supply with time in order to appreciate its value in the long term.
Be a part of InQubeta’s incredible journey of creating a democratic and accessible ecosystem by participating in the presale. Early buyers during the presale could potentially earn huge profits as analysts predict a healthy rise for the QUBE token once this top ICO project gets listed on mainstream exchanges.
2. Polygon Gains Momentum with the upcoming Launch of its Polygon 2.0 Upgrade
Polygon is a layer two solution focused on scaling and infrastructure development of the Ethereum network. Previously known as the Matic Network, Polygon is committed to transforming Ethereum into a comprehensive multi-chain ecosystem often referred to as the internet of blockchains.
In addition to this, the use of its core component, Polygon SDK supports the development of various types of applications within the Polygon network. The network has gained a solid reputation in the market because of its ability to provide developers with optimistic rollup chains, zk rollup chains, stand-alone chains, and other kinds of infrastructure required to launch their dApps.
The native cryptocurrency of the Polygon ecosystem is known as MATIC. It is an ERC-20 token that fuels the entire network. MATIC is used to pay transaction fees on the Polygon sidechains, for payment services within the network, and as a settlement currency between the users. With the network’s ability to facilitate around 65,000 transactions per second on an individual sidechain, MATIC is considered to be one of the good cryptos to buy.
The platform recently announced the launch of its Polygon 2.0 upgrade which is dedicated to improving the scalability, security, and decentralization of the network. The upgrade comes with a new architecture that makes use of the combination of zk rollups and optimistic rollups and a new token, POL, for the governance and security of the network through staking. This upgrade aims to attract more developers and users making Polygon one of the leading layer two solutions for the Ethereum network. MATIC is a top altcoin to buy now for bullish momentum and could potentially register huge gains with its upcoming planned upgrade.
3. Solana Network Releases Validator Health Report Confirming Users’ Faith in the Network
Solana’s open-source network leverages the permissionless nature of blockchain technology to offer decentralized finance (DeFi) solutions. The platform is focused on supporting cryptocurrency transactions that are faster and more inexpensive for users. In order to boost the scalability and usability of the protocol, the Solana ecosystem uses a hybrid consensus model.
This model combines the proof-of-history (PoH) and proof-of-stake (PoS) consensus protocol making it an appealing option for both institutional and small-time traders. While the PoH serves the purpose of documenting the order of time and events separating them which in turn eliminates the need for a traditional consensus-building protocol, the PoS mechanism concludes these transactions and secures the network by enabling the validators to participate in the staking process.
The in-house token for the network is known as SOL. The SOL token is a good crypto to buy since it serves two main functions within the Solana ecosystem. First, it is used to pay the fees for sending translations or running smart contracts within the network which is considered cheaper than its counterparts, and second, for the staking process where the validators can lock up the tokens as collateral to verify the translations and earn rewards. This dual functionality results in the platform’s ability to carry out thousands of transactions per second.
The Solana network recently released a Validator Health Report talking about its enhanced decentralization and durability along with an increased engagement from the validator community. The report stated how the Solana network continues to be one of the largest PoS networks with metrics around global, node count, distribution, and data diversity adding an element of transparency.
Analysts have backed the SOL token as a long-term bet as it has displayed a lot of bullish momentum with a corresponding rise in its total locked volume (TVL).
4. Filecoin’s Growing Popularity as a Decentralized Physical Infrastructure Network (DePIN) Crypto
Filecoin is a peer-to-peer decentralized network designed to disrupt traditional centralized storage solutions like Amazon Web Services and Google Drive. The team claims to store humanity’s most important information through decentralized storage securely and conveniently.
The Filecoin project started as an incentive layer for the Interplanetary File System (IPFS) which is predominantly used for data storage and distribution services on the blockchain. Today the network has gained immense popularity because of its ability to safeguard the integrity of the data’s location while making it easily accessible and hard to censor.
At the core of the Filecoin ecosystem is is native token FIL which supports the incentive system and community participation within the network. Users pay fees to the storage providers using the FIL token and also receive the same as rewards. The FIL token is considered a top crypto to buy now for bullish momentum as it is backed by diverse use cases.
FIL utilizes the implementation of two unique consensus mechanisms, proof-of-replication (PoRep) and proof-of-spacetime (PoSt). While PoRep runs once to create a proof showing that a unique copy of the data is stored in the system, PoSt runs repeatedly to ensure that the space is being used by the storage provider to store the user data.
Filecoin lands among one of the leading DePIN crypto that provides decentralized storage. DePIN is at the forefront of the transformative cryptocurrency trend with its ability to harness blockchain technology for the operations and development of hardware networks and physical infrastructure in a trustless manner.
5. Avalanche Experiences a Surge in Activity with the Launch of Friend.Tech, Star Arena
Avalanche is a layer-one blockchain solution for building decentralized applications (dApps), smart contracts, and custom blockchains. It positions itself as one of the main competitors of Ethereum. The unique feature of the Avalanche network is its ability to offer a higher transaction throughput of 6500 transactions per second without affecting the scalability of the network.
It achieves this using its innovation architecture consisting of three separate blockchains performing different functions. The Exchange Chain or X-chain’s only function is to send and receive funds within the network, the Platform Chain or P-chain is used for the staking purpose and enabling validator activities, and the Contract Chain or C-chain supports smart contracts and decentralized applications (dApps).
The native token of the Avalanche ecosystem is known by the ticker symbol, AVAX. It has secured its position among the top cryptos to invest in because of the network’s attempt to solve the blockchain trilemma. The platform is designed to distribute funds avoiding making the largest staker richer.
The network achieves this by not rewarding the validators with an AVAX token and instead burning it to reduce the supply with time. Avalanche recently recorded the highest transaction of 577,000, related to the release of Star Arena, a friend-tech social software. If you are looking to purchase top cryptos for bullish momentum in the near future, consider adding AVAX to your watchlist.
Conclusion
New users can often find it difficult to identify which crypto to buy now for long-term returns. The five altcoins described above are witnessing a bullish momentum and present themselves as the top pick of investors this quarter.
However, the fundraising platform of InQubeta has especially impressed the crypto community with its remarkable presale performance and positive feedback from global security firms auditing its smart contracts.
Powered by the Ethereum network, InQubeta’s NFT-driven marketplace and native token, QUBE, address the growing problem of AI investment startups struggling to access funding. With each investment opportunity minted into NFTs and fractionalized to include users from all walks of life, InQubeta has the potential to lead the cryptocurrency ICO list of the year.
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