Dogecoin Drops from Top 10 After Chainlink’s 34% Surge; Avalanche & Monero Challenger Prepares for Swift Growth

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While the world seems to be engrossed in discussions about ETF acceptance criteria, the altcoin sector is garnering global attention with its recent turn of events. In the past few weeks, we saw Chainlink (LINK) surge by 34% and push Dogecoin (DOGE) out of the Top 10 race.

InQubeta (QUBE) has been challenging the dominance of Avalanche (AVAX) and Monero (XMR) as its presale success continues. Until a few weeks ago, both Avalanche and Monero were considered good cryptos to buy, but it didn’t take long for the tables to turn.

Now, it’s InQubeta which is ruling the popularity charts and if its past performance is any indication, things are unlikely to change any time soon.

InQubeta: The Best Crypto Investment for AI Enthusiasts

Built on Ethereum, InQubeta is a fundraising platform for startups innovating with artificial intelligence. Its ICO has so far raised over $9.6 million. All transactions are made in terms of InQubeta’s native cryptocurrency, the QUBE token.

InQubeta brings together AI startups and investors on a common platform with its NFT marketplace. At the portal, NFTs are created by offers submitted by startups. Investors can invest in an AI project by purchasing its NFT. The marketplace is transparent and allows fractional investments.

Apart from its transparent investment model, there’s a lot that InQubeta can offer to crypto users. Its USPs include a deflationary native cryptocurrency. This feature comes in handy when markets hit a rough patch or inflation is high. Under volatile market conditions, a deflationary token is made scarce, so buyers can’t get it easily.

As the demand stays higher than supply, price fluctuations are minimized and the asset trades at competitive prices. A deflationary model also gives the QUBE token an edge over other financial instruments whose returns are not as immune to market forces.

In case of an uptick in the supply, excess tokens are burned and their availability is curtailed again.

The token burn mechanism is a key feature of deflationary assets and is used for cracking down on internal inflation as well. Tax proceeds accruing from the sale or purchase of the QUBE tokens can disturb the on-chain supply balance. To avert such situations, a tiny chunk of these proceeds is burned, while the rest goes towards maintaining liquidity pools, sustaining staking, and financing marketing campaigns.

The InQubeta team has also been working on a roadmap for the platform. Its plan features new milestones and projects that can further boost its growth.

In the coming months, crypto users can expect more market campaigns, a staking dApp for the QUBE token, and even InQubeta listed on some centralized exchanges.

Avalanche Launches Durango Upgrade on Testnet

Avalanche is a smart contracts platform where developers can find new-age tools for deploying dApps. It offers advantages like low-code tooling and ease of configuration for a seamless developer experience. Its native token AVAX facilitates all transactional purposes on the network.

Considered one of the best altcoins to buy now, Avalanche hit the news recently after it unveiled its Durango upgrade. The upgrade aims to improve the network’s P-Chain and C-Chain. Launched on Fuji testnet, Durango would boost the network’s scalability and facilitate trustless multi-chain interactions.

Monero Unveils New Version of Feather Wallet

Monero is a privacy-centric cryptocurrency that can be used for making secure online payments. Its enhanced privacy is facilitated through the use of technologies like Ring CT signature, multi-signature authentication, and stealth addresses.

Transactions made with its native token XMR are always validated using the proof-of-work consensus algorithm.

The cryptocurrency is a leading cryptocurrency that is driving global impact with new initiatives. It recently announced a new version of the Monero-compatible desktop wallet Feather.

With Feather 2.6.2, crypto users would be able to lock the wallet without any errors in connection status and see the synchronization status on the lock screen.

Conclusion

InQubeta, Monero, and Avalanche are among the top crypto coins available in today’s market. They have been posting consistent growth for months and rank high on analysts’ list of favorites. Be it developers or individual crypto users, these tokens are a great addition to any portfolio as they have utility-dense models.

By using decentralized frameworks for governance and tokenomics, these cryptocurrencies democratize access to DeFi solutions. Their robust security structures ensure that users’ privacy and assets are well guarded.

Visit InQubeta Presale

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.



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