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Artificial intelligence (AI) is rapidly making strides to evolve as one of the most pioneering technologies of all time. According to recent research, the AI market is expected to grow at a CAGR of 36.6% to reach a valuation of $190 billion by 2025. As AI-based solutions transform the industry, they have forayed into cryptocurrencies as well. There's a wide array of AI-based crypto tokens available in the market today. Many of them like InQubeta (QUBE) have also been rated as being among the best new icos of 2023.
InQubeta's Ethereum-based platform brings together startups working with AI and investors. Powered by smart contracts that have been vetted by some of the world's leading security firms, InQubeta provides genuine investment opportunities to startups and helps them find success. What's more, it gives potential investors the leeway to invest in a wide range of projects even before they hit the markets.
The following list features six other cryptocurrencies, which like InQubeta, are leveraging AI and have the potential to make you a millionaire with their returns.
InQubeta has been hitting the headlines with its unique model that seeks to empower startups while ensuring that investors get the best deal for their money. The platform addresses a structural challenge that often inhibits the growth of many budding companies in the startup ecosystem. Its native token is QUBE and it's modelled on Ethereum's ERC-20 standard.
The QUBE token has been scaling new heights of popularity with its presale success. The InQubeta team has decided to release the QUBE token for sale as part of a ten-stage presale process. With its second stage in full swing, InQubeta has raised over $1.5 million and sold 74% of the tokens that it has set aside for the presale stage. Its success has prompted many analysts to include the QUBE token in their best cryptocurrency ico list for 2023.
All QUBE tokens purchased during the presale stages will have a vesting period of 12 weeks.
The QUBE token is a deflationary coin and its supply is always kept scarce to reduce price fluctuations. If the supply rises beyond a stipulated level, all extra tokens in circulation are burned or destroyed to bring it back to its previous level.
If you are a startup that's interested in onboarding the InQubeta platform, you will have to start by creating an NFT that represents the offer you'd like to make to the investor. For instance, a startup may offer a share in its equity to the investor for funding projects. All such NFTs will be uploaded on the NFT marketplace where investors can assess them.
2. DigiToads: Moving ahead with hybrid DeFi
DigiToads is an upcoming leading cryptocurrency that capitalizes on the potential of hybrid DeFi to offer its users a plethora of opportunities for earning passive income. DigiToads users can enjoy DeFi opportunities like staking, trading, playing Web 3.0 games, participating in trading competitions and even bagging rewards for interacting with the platform.
DigiToads is a great resource for those looking to learn cryptocurrency trading for beginners. The platform conducts trading competitions every month where community members are encouraged to participate. The participant who clocks the highest margin of trade profit in a month is announced as the winner.
The winners share the profits that they have earned in a month through trading with the platform. They are also given remote access to the DigiToads treasury, where they learn about managing the treasury under the guidance of the DigiToads team. After their training ends, they would be assisting the team with the task regularly.
The Render Token is an innovative platform that has managed to carve a niche for itself by offering decentralized graphics processing unit (GPU) rendering services. The platform's native cryptocurrency, the RNDR token, is used for all kinds of payments, prizes, and rewards.
The Render token has been catalyzing the process of digital creation with its state-of-the-art features that remove the limitations of the hardware. With the Render token, one can access GPU rendering services at a higher speed and lower cost than what you would get with in-house rendering.
The platform connects idle GPUs with professionals looking for rendering jobs. The GPU owners can connect their devices to the Render network and explore rendering jobs. The users hiring a professional can pay them with RNDR tokens and the platform would charge a small fee for its services.
Injective is another top altcoin that has carved a niche for itself by offering automated execution of smart contracts. Its native token is INJ which is the primary cryptocurrency of the Injective ecosystem. Dubbed a blockchain network built for finance, Injective is a Layer 1 protocol that can power industry-leading dApps, prediction markets, lending protocols, and exchanges, among others.
Injective is powered by the Inter-Blockchain Communication (IBC) protocol and offers compatibility with other Layer 1 blockchains like Solana and Polygon. Injective has a separate decentralized toke bridge which facilitates Injective's interoperability with the Ethereum network.
One of its key USPs is CosmWasm which is an interoperable smart contracts platform sporting advanced interchain capability. Injective leverages the proof-of-stake protocol for consensus mechanism, which provides instant transaction finality and throughput as high as 10,000 transactions per second. The platform's core exchange model paves the way for next-generation capabilities like an advanced on-chain order book and a matching engine for spot and prediction markets.
It won't be wrong to call The Graph one of the best cryptocurrencies to buy in today's market given its cutting-edge functionality. The platform has been designed as an indexing protocol for organizing blockchain data for other networks and powering dApps.
With The Graph, developers can deploy or publish open-source application programming interfaces (APIs) called subgraphs. With the help of subgraphs and by using GraphQL, dApps can query and retrieve blockchain data. Till now, more than 3,000 subgraphs have been deployed by developers for dApps like Synthetix, Liverpeer, Decentraland, and Uniswap, among others. Presently, the platform supports querying data from Ethereum, IPFS, and Proof-of-Authority networks.
Its native token is GRT and it comes in handy while dealing with transactional use cases on the network. The GRT token is built on the ERC-20 standard of the Ethereum network. Professionals like delegators, curators, and indexers can earn rewards in exchange for staking their GRR tokens.
Referred to as one of the top altcoins to watch out for in 2023, Fetch.ai is a platform for deploying automated AI-based infrastructure. Developers can create, deploy and connect smart agents for building automated systems. Fetch.ai's key feature is its Agents, which are software code operating on behalf of a machine, organization, or human. These agents are the mainstays of various tools that developers can access on Fetch.ai.
For starters, there is Agentverse where one can find all tools available for experimentation. It has been designed as a sandbox for experimenting and exploring the power of agents, hosting features, and browser IDE. Next, Fetch.ai has micro-agents that are equipped to execute business logic independently and interact with other agents. Lastly, there are the autonomous economic agent framework agents (AEAs) that are composable with protocols, contracts, other agents, skills, and connections. The FET token is the main cryptocurrency used on the network.
SingularityNet is a decentralized platform that enables its users to create and monetize AI-based services. The platform has an exclusive feature called 'AI marketplace' where these services can be shared and sold. Its native token AGIX is used for all transactions in the AI marketplace. AI developers can publish and sell their innovations in the marketplace and track how they're performing.
What's unique about this top altcoin is that it makes it easy for developers to sell AI tools and for buyers to test such services before buying them. In case one wants a customized AI service, one can approach SingularityNet's community of AI specialists and raise a Request for an AI portal (RFAI). You can commission a new AI tool and pay developers AGIX tokens in exchange for their efforts.
In 2020, the SingularityNet team launched the SingularityNET Enhancement Proposal (SNEP) feature which enabled AGIX token holders to vote for proposed changes in operational matters. AGIX token holders can also stake their coins to earn rewards.
If you are wondering about what cryptos to buy now, you can pick any of the above-mentioned seven cryptocurrencies and relax. These crypto projects are packed with features that are utility-driven and can amply diversify your portfolio.
However, if you are looking for a cryptocurrency project that can also yield long-term gains, most analysts these days are recommending InQubeta. They credit InQubeta's industry-linked use case as one of its biggest USPs. By promoting the growth of startups and their investors, InQubeta is capable of driving industry-wide change. Plus, there are multiple opportunities to earn passive income on the platform which can help you become financially secure.
At the same time, its decentralized governance structure serves as the right incentive for community members to always act in the platform's favor. QUBE token holders participate in the decision-making process, air their concerns and express their approvals via their voting rights whenever another community member proposes a change in the InQubeta protocol.
Cryptocurrency users are always advised to read or research a token first, before going ahead and buying it. By understanding the token and its features before buying it, crypto users can make well-informed decisions by understanding the potential risks associated with a cryptocurrency.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
