What can you buy with $20? A dinner, a pizza, or a movie ticket. In the crypto world, this seemingly small amount can buy you a way to attain financial independence.
There are many tokens that have the potential to turn $20 into $1000 in the coming months and make you financially secure. According to analysts, tokens like InQubeta (QUBE), Borrow Finance (ROE), Cosmos (ATOM), Kaspa (KAS), Render (RNDR), and ImmutableX (IMX) and are among the top altcoins that have impressive growth potential.
Small amounts of money invested in the right tokens can yield potentially huge returns as cryptocurrencies tend to register huge gains over the long term. Adding presale tokens along with veteran coins can also provide stable portfolios that can help buyers retire early.
1. InQubeta: Creating new startup opportunities with AI and DeFi
InQubeta is a novel platform that connects AI startups with investors and helps the two sides grow together. Its native cryptocurrency is called the QUBE token and it determines all kinds of transactions on the network.
The QUBE token has an availability of 1.5 billion; however, only 65% of it will be released for public sale. The rest of the tokens will be used for paying legal experts, giving out rewards, and financing marketing activities to ramp up the reach of the platform.
InQuebta stands out as it is a new altcoin that is still in its presale phase. The platform helps startups working with artificial intelligence (AI) find funding for their projects and unlock new milestones.
It has been rated as one of the best new ICOs of the year, shortly after its presale funding crossed $5.2 million.
The QUBE token’s deflationary model is one of the key factors that sets it apart from regular financial instruments. The model works like an anti-inflation shield to protect crypto returns. A deflationary token’s supply is always restricted so that it doesn’t exceed the demand.
The scarce supply keeps the asset value high and curbs price fluctuations. If there are any fluctuations in supply, extra tokens are destroyed to make the supply scarce again.
Startups who are interested in connecting with investors on InQubeta only have to ensure that they have a reward-based offer ready for the investors.
These offers serve as gate passes to the InQubeta ecosystem and represent what their project stands for and what they can offer the investor in exchange. The tokenized versions of these offers are made available on InQubeta’s NFT marketplace, where investors can buy them.
These NFTs can also be fractionalised so that investors have the option of investing in just a part of the startup project.
2. Borroe Finance: Helping Web 3.0 businesses raise funds with AI
Borroe Finance is a unique facility for innovators where they can raise capital by finding buyers for their future earnings. The platform is powered by AI and innovators can raise funding for their projects by selling future earnings from royalties, subscriptions, and invoices.
With its platform, the Borroe Finance team plans to create a crowdfunding facility where users can get instant cash for future earnings and thereby catalyze the way Web 3.0 businesses raise funds. Its native token is ROE and it’s used for making all kinds of payments.
The platform uses blockchain technology, smart contracts, AI-based risk assessment strategies, and tokenization to collateralize future earnings in exchange for instant funding. Businesses onboarding Borroe Finance can mint NFTs that represent their future revenue sources and present them to investors.
The platform assesses the risk linked to the offer, manages the NFTs, and automates the entire sale process to facilitate speedy disbursal of funds.
3. OccamDAO to support Cosmos
Due to the versatile nature of its features, Cosmos can end any user’s concerns about what cryptos to buy now. Cosmos has been designed as an interoperable network that is powered by the Inter Blockchain Communication (IBC) Protocol and allows for seamless deployment of dApps and other decentralized solutions.
Its native token is called ATOM. The Cosmos ecosystem offers a collection of services and tools that make creating dApps a less complex job. It also allows for consistent transfer of data and assets.
The Cosmos ecosystem comprises three different layers which perform separate functions. The first is the application layer, where all transactions are processed and states of the network are updated.
The second is the networking layer, where all communication between blockchains and transactions happens. The last is the consensus layer, where nodes agree to a state of the network. Cosmos has a set of open-source tools that enable developers to create dApps and connect the three layers.
Meanwhile, multi-chain incubator OccamDAO recently announced that it would be extending support to the Cosmos ecosystem. With the partnership, OccamDAO will be able to cash in on advantages like higher scalability, security, and interoperability that are commonly linked with the Cosmos ecosystem.
The move can open up new opportunities for OccamDAO patrons and the DeFi community at large.
4. Kaspa is now live on Carbon’s dApp store
Kaspa is a new-age cryptocurrency that can implement the GHOSTDAG protocol. Its native token is KAS.
It has been widely hailed as one of the altcoins to watch out for this year, as it allows blocks to coexist in an ordered way in consensus. Usually, traditional blockchains tend to orphan blocks created in parallel.
The Kaspa blockchain is built on GhostDAG, which is a generalized version of the Nakamoto consensus and enables secure operations at high block rates. Kaspa’s current block rate is around a block per second which ensures advantages like low confirmation times.
Many experts consider Kaspa as the best altcoin of 2023 as it can support high block rates without compromising the security offered by a proof-of-work consensus protocol. The blockchain also has a monetary policy where emissions are reduced geometrically.
These emissions are decreased during a chromatic phase which is based on a 12-note scale of music. Also, on Kaspa, block rewards are cut by half annually.
Recently, Kaspa announced a new achievement after the Web 3.0 browser Carbon expressed interest in joining its ecosystem. Under the partnership, Kaspa will be available on Carbon’s dApp store and efforts are on to get the KAS token integrated with the Cardano wallet.
The latest update is expected to boost Kaspa and Carbon’s presence in the Web 3.0 space.
5. Render: Democratizing the GPU rendering space
The Render token is built on the Ethereum network and brings studios or artists looking for GPU mining partners together on a platform. As the mining partners rent their services, artists and studios can look forward to enjoying seamless GPU rendering services at nominal rates.
The platform’s native token is RNDR, and it’s used for all transactional purposes on the network. The platform was created in 2019 and has been driving global impact in the GPU rendering space since then.
Artists or studios looking for rendering services can acquire RNDR tokens to exchange their GPU compute powers from node operators or GPU providers. The network uses a proof of render consensus protocol to authenticate all exchanges.
This protocol combines the automatic and manual versions of the proof-of-work protocol to confirm that all art has been submitted before the payments are made. All assets created on the platform are hashed upon at the time of upload and then sent to nodes for rendering.
Until the artist who commissioned the artwork confirms, all RNDR payments are kept in an escrow account to curb fraud.
To keep hackers or malicious actors away, the platform watermarks all rendered artwork till the time of payment. After the successful disbursal of payments is confirmed, the un-watermarked versions of assets are made available for download.
6. Cursed Stone Game partners with ImmutableX to boost GameFi innovation
ImmutableX is a Layer 2 scaling solution for NFTs powered by Ethereum. The team strives to do away with limitations that are usually associated with Ethereum. These challenges include a lack of interoperability, scalability, a poor user experience, and a slow developer experience.
With ImmutableX, developers can utilize features like high-level scalability, instant trading, and top-notch security. All this is possible without having to pay a hefty gas fee for creating NFTs and trading them. ImmutableX makes all of this possible easily as it is built on the STARK zK-rollups.
The technology enables developers to create assets like ERC-20 tokens and ERC-721 NFTs on a big scale without any hassle. Its native token is IMX.
What makes ImmutableX one of the best cryptocurrencies to buy this year is that it’s among the few decentralized platforms dedicated to scaling NFTs with zk rollups. Zk rollups have been gaining traction as scaling solutions, and ImmutableX is cashing in on its potential at the right time.
The platform is aiming to offer a throughput of 9,000 transactions in a second and a core component of its strategy to achieve this is an API abstraction layer. The layer makes it possible to mint, trade, and transfer NFTs through a simple API call.
As ImmutableX has a shared order book protocol liquidity, developers can build NFT marketplaces on ImmutableX without a backend. Hence, a third-party portal can exist along with native marketplaces. The protocol also reduces entry barriers for small-time developers and content creators.
ImmutableX recently hit the headlines after the Cursed Stone Game announced that it would be leveraging the former’s features to usher in innovation in the GameFi space. With the partnership, the Brazilian gaming studio will be opting for the integration of in-game assets as well.
Conclusion
These six cryptocurrencies are not just good altcoins but assets that can serve your interests for the long term. They have the potential to boost a humble portfolio into a pricier asset group that can multiply your passive earnings.
These tokens have proved their mettle in some way or the other. InQubeta made it to every leading analyst’s best cryptocurrency ICO list for 2023 after its stellar presale success.
It is always advisable that crypto users research a token or consult an expert before making a final decision. Diligent research before purchasing a token can help you avoid rushed decisions and potential losses.