Solana (SOL) is among the main cryptocurrencies which have been facing downward pressure in recent weeks. As Solana's price drops, its holders are busy exploring alternatives.
Experts suggest that a shift in attention could bring positive news for other altcoins like o InQubeta (QUBE). The Ethereum-backed platform helps AI startups with crowdfunding for projects.
As emerging cryptocurrencies has been making waves after its pre-sale stages raised more than $13,6 million in funding. The token is being considered as a rival to top altcoins like Bittensor (TAO) and is expected to record bigger gains in the coming months.
InQubeta: Making the Case for AI Altcoins
With a successful pre-sales phase, to InQubeta is preparing for new heights. The platform has already generated global interest with its NFT-based investment model.
AI startups interested in crowdfunding launch NFTs minted from investment proposals that are then purchased by crypto users. The only form of payment on the NFT portal is InQubeta's native currency, the QUBE token.
Once the transaction is completed, the resources are transferred to the startups while the buyers become shareholders of the company. The agreement allows both sides to increase their income and secure their future.
Startups can take their InQubeta experience further by leveraging its guidance and marketing support. The InQubeta community is made up of many experienced professionals from diverse sectors such as AI, accounting or finance, whose guidance can help with startup planning.
They can find mentors to share ideas and brainstorm marketing strategies. Additionally, the community can be a valuable resource in boosting a brand's reach.
Many analysts consider the QUBE token a good cryptocurrency to buy due to its potential to weather market storms. The token has a deflationary nature that reduces its supply whenever the market is hit by inflation.
The gap in supply will support the token price and demand will follow suit. Thus, the deflationary mechanism ensures that the token's popularity is not affected by market conditions.
FTX to release locked Solana tokens via auction
A Web 3.0 platform with a plethora of developer-friendly solutions, Solana is among the top cryptocurrencies in the world. The ecological platform has a native token called SOL that determines all transactions on the network.
As an extra security measure, these transactions are always confirmed with proof-of-stake consensus.
The SOL token is going through a rough patch as bearish pressure intensifies on it. At the same time, failed cryptocurrency exchange FTX recently announced that it would release locked SOL tokens through an auction.
The auction appears to be a departure from FTX's usual practice of selling tokens at a set price. According to reports, Figure Markets, led by Mike Cagney, will develop a special purpose vehicle to facilitate the participation of US authorized investors and non-US cryptocurrency users.
The development could give Solana a much-needed boost and recovery.
Binance launches new trading pairs for Bittensor
Bittensor is a mining platform that paves the way for decentralized access to machine learning models. Through a system of digital rewards and incentivized participation, Bittensor creates a network of open source AI solutions.
Considered one of the best altcoins to buy today , Bittensor has a native token called TAO that is used to settle payments and distribute rewards.
In a recent development, popular cryptocurrency exchange Binance announced that it would include the TAO token in its network. The exchange will also reveal spot trading pairs with the token. These pairs would include major names like Bitcoin and fiat currencies like the US dollar.
Conclusion
Considering the best crypto investments of the year, Solana, InQubeta and Bittensor are presenting crypto users with new opportunities in the DeFi sector.
With its focus on technology-backed solutions, people can go beyond regular token trading and swapping and explore other services such as staking. What acts as another growth engine for these tokens is their new partnerships and projects.
Developments such as the launch of FTX-locked Solana tokens and the listing of Bittensor on Binance are likely to boost the tokens' prospects in the coming months. InQubeta, after completing a successful ICO, is now eyeing initiatives with far-reaching impact.
After getting QUBE token listed on MEXC and Uniswap, the InQubeta team is now working on launching a new staking dApp to allow users to earn passive income.
