It’s been a good year so far for Solana (/SOL) which saw the cryptocurrency unlock multiple achievements. The latest of them was a massive increase in its daily user activity. According to a report by blockchain data provider Messari, Solana recorded an uptick of 400% in its number of daily active users.
Solana shared the limelight with InQubeta (QUBE) which emerged as one of the most sought-after tokens of the year. The Ethereum-based crypto project helps startups connect with investors and raise funds for AI-based projects.
InQubeta is being tagged as one of the best new ICOs of the year due to its presale gains. Its current presale funding stands at $7.6 million.
InQubeta: A crypto project to support AI growth
InQubeta has been designed to make fundraising a problem-free zone for startups. It does away with the culture of marathon meetings, convoluted paperwork, and formalities usually required for approaching investors. Instead, it brings to the table a transparent model for setting such interactions.
By helping startups get their funding in order, investors also get access to next-generation projects that are powered by AI.
The platform has developed a native token called the QUBE token. All payments and rewards within the InQubeta network are accepted in terms of this token.
The QUBE token holds an important place in InQubeta’s governance structure. It gives token holders the agency to make their voices heard and influence the implementation of proposals. If a proposal for a protocol change is raised in the community, it is put up for a vote. Token holders vote in the process and their decision determines if the suggestions will be entertained.
The top altcoin has an in-built deflationary mechanism which acts as an anti-inflationary barrier for returns. The feature controls supply to influence demand and reduce price fluctuations. If inflation is high, the tokens are made scarcer, so that the price remains stable. The strategy keeps the demand high and its value steady.
The same mechanism is used to avoid internal inflation. When taxes are collected on the sale or purchase of QUBE tokens, a nominal part of the proceeds is burned to prevent their supply from rising uncontrollably. The move keeps internal inflation in check and drives the token value.
InQubeta provides an impartial investment mechanism to facilitate seamless interactions between startups and investors. The two sides interact through an NFT marketplace where the NFTs represent startup projects. Through these tokenized assets, startups apprise the investors about their projects and what they hold for them.
If an investor is interested in a startup’s offer, they can purchase the corresponding NFT. These assets can be fractionalized, so investors don’t necessarily have to buy the whole NFT.
High-profile airdrops push Solana’s DEX balances
Rated as one of the best cryptos of 2023, Solana is a platform where developers can find every Web 3.0 tool imaginable. Using these tools, they can create dApps, NFTs, DAOs, and much more.
These tools have been designed with the evolving needs of sectors like GameFi kept in mind. Solana’s native token is SOL and it’s used for all transactional purposes.
There are also a host of developer resources available on Solana for guidance. Apart from documentation and guides, there are community courses available to help developers leverage the full potential of the Solana ecosystem.
In tandem with its recent price rally, Solana recorded high volumes on exchanges in December 2023. According to reports, during seven days ending on December 26, 2023, its DEX volume rose to around $5.8 billion, which translates to an increase of 26%.
Experts claim that the growth can be attributed to many high-profile airdrops announced on the Solana network this year. These airdrops included Oracles network Pyth which airdropped tokens worth $87 million in November earlier this year.
Another popular airdrop was Jito which distributed tokens worth $220 million. Jito is also the second-largest liquid staking protocol on the Solana network.
Conclusion
A crucial reason why InQubeta and Solana are being called top cryptos to invest in is their sustained growth. 2023 wasn’t a year without challenges but the two tokens managed to soldier on with their power-packed features.
Their growth potential is another factor that has contributed to their security. Along with their strong security and ability to diversify a portfolio, they offer a complete package to a crypto user.
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