The global crypto sector’s market capitalization is currently at $2 trillion and the industry is projected to grow by around 8% over the next five years. The impressive set of figures underlines the fast pace at which crypto assets are now entering mainstream finance.
Developments like the launch of crypto ETFs in the US have helped democratize access to these blockchain-driven assets. However, a large part of the world is still shying away from exploring cryptocurrencies due to a myth – cryptocurrencies are expensive.
A simple web search can bust this myth and provide multiple budget-friendly options. These options include coins like InQubeta (QUBE), Dogecoin (DOGE), Shiba Inu (SHIB), Tron (TRX), and Stellar (XLM). These are some of the best altcoins that you will find in the market today and can even offer the benefits of diversification. To know more about why these tokens are so highly recommended, here’s a description of the key features of these interesting ecosystems.
1. InQubeta: Strengthening the network of AI startups
InQubeta is an Ethereum-based platform where startups can find resources for business growth and scale their AI projects. These resources can help them find funding opportunities, seek guidance from experienced professionals, and create the right buzz for their brand.
By leveraging InQubeta, startups can work on new AI-led projects without being concerned about how they can fund them. To avail of any feature of the platform or make a transaction, buyers will need to use its native cryptocurrency known as the QUBE token.
The QUBE token’s supply has a cap of 1.5 billion and around 65% of it is meant for sale. It was launched in 2023 and was among the top ICOs of the year. Its ICO has so far raised over $9.7 million.
The token is not only a model of payment but also a tool of empowerment for both crypto users and startups. The token can be staked to earn passive income. By staking their assets, token holders contribute to the blockchain’s growth.
In exchange, they receive passive income for as long as their token remains locked in InQubeta’s liquidity pool. The staking rewards are paid from a separate pool that’s financed by tax collections.
QUBE is used for investing in startup projects through InQubeta’s NFT marketplace. The NFTs traded at the portal are created from the offers submitted by startups in need of funds.
These offers will have all information about the project and how it will benefit the investor.
NFT buyers can choose to purchase either the whole asset or a fraction of it.
The token is built on a deflationary model which means its returns do not plummet when the market is in red. A deflationary asset’s supply is regulated according to market conditions to minimize price fluctuations and keep its value stable.
If there is an uptick in inflation, the supply is reduced and crypto users will find it difficult to buy the QUBE token. The scarcity also boosts its price, even if the returns on other assets are dipping. Any increase in the supply in such times is countered by burning unwanted tokens.
InQubeta finished 2023 on a high note, thanks to its stellar cryptocurrency ICO. After ensuring a dream start for the project, the team is now busy planning for the future. In its roadmap, the team has outlined several new initiatives that will ramp up the platform’s reach.
These projects include a new staking dApp to make staking services more accessible. Another initiative on the cards is getting the QUBE token listed on centralized exchanges.
2. 400 million Dogecoin tokens moved to Robinhood
Dogecoin is a meme coin inspired by dogs. Its native token is DOGE and the network is secured with the proof-of-work consensus protocol. The token is simple to use and is likely to end your worries about which crypto to buy today for the long term.
The peer-to-peer platform has an open-source code and its network is maintained by a network of nodes.
The meme coin recently hit the headlines after a whale transferred around 1 billion DOGE tokens to multiple platforms including brokerage firm Robinhood.
According to data collected by WhaleAlert on February 15, 2024, an anonymous crypto trader moved 1,081,987,848 tokens to different addresses in around six transactions. Of the lot, 400 million DOGE tokens – worth around $34,000,000 – were sent to Robinhood.
3. Shiba Inu’s lead developer outlines major upgrades
Shiba Inu is an animal-themed cryptocurrency that cashes in on the popularity of the Japanese dog breed Shiba Inu. For all transactional purposes, the team has created the SHIB token but for governance, the BONE token is used. A third token, LEASH, has also been created to reward long-time supporters of Shiba Inu.
One of the most popular offerings by the Shiba Inu team is an NFT series ‘Shibosis’. The series comprises 10,000 NFTs inspired by dogs and each one has distinct characteristics. These creatures will be playing a pivotal role in Shiba Inu’s upcoming ‘Shiboshi Game’.
The team has been in the news because of its Ethereum-based Layer 2 blockchain ‘Shibarium’. The platform uses the BONE token for all kinds of payments which are confirmed with the proof-of-stake consensus algorithm.
Shiba Inu has made it to 2024’s list of best altcoins with a vibrant ecosystem. It’s no longer just a meme coin but a rapidly expanding network of DeFi products.
Its team of developers is also coming up with new upgrades that can make Shiba Inu more accessible. The platform’s lead developer Shytoshi Kusama recently unveiled some key upgrades that will be implemented on multiple projects.
Announcing the upgrades in Shib Magazine’s latest edition, Kusama delved into progress made after the meme coin collaborated with D3 Global to roll out the Shib Name Service.
4. Tron founder unveils roadmap for Bitcoin-based Layer 2 solution
Tron has been designed to facilitate the decentralization of the Internet with blockchain-based solutions. The Tron ecosystem has multiple offerings which include a Web 3.0 wallet, a crypto exchange, and a blockchain explorer, among others.
Its native token TRX is used for availing these services or settling payments on the platform. All TRX transactions are authenticated with the proof-of-stake consensus protocol.
Its code architecture has three levels – storage, core, and application layers. The three-layer architecture enables developers to create diverse and customized dApps.
Tron has been able to outperform several new altcoins by incentivizing user participation through its super representatives (SRs) program.
All TRX holders are eligible to become SRs and their partners. These token owners produce blocks and bundle transactions together. In exchange, they get voting rights and block rewards. Using their voting rewards, SRs can initiate proposals for protocol changes.
A reason why Tron is considered to be a leading blockchain network is that it’s always evolving with the times. In a recent development, Tron founder Justin Sun posted a roadmap for building a Bitcoin Layer-2 solution.
The announcement comes at a time when Bitcoin ETFs are a rage. These financial products were rolled out in the US in January. Despite concerns about the legal aspects of BTC ETFs delaying their launch, these funds opened to record investor flows.
In his post on X, Sun shared that he aims to promote decentralization and integration of different tokens within the Tron and Bitcoin ecosystems. The project would boost Tron’s interoperability and tap into the Bitcoin-based stablecoin sector which includes names like Bitcoin ordinals.
5. Yellow Card to introduce USDC on Stellar
Widely regarded as one of the top cryptos to invest in this year, Stellar is a public blockchain where developers can find tools to create solutions for the real world. The dApps and DeFi solutions powered by Stellar serve the purpose of cash in a digital-first world.
It has an edge over other blockchain systems in terms of speed, cost-effectiveness, and energy efficiency. Using its tooling, in-depth documentation, and community support, developers can deploy powerful dApps. Its native token is XLM and it’s the official medium of exchange within the Stellar ecosystem.
It’s a good crypto to buy as developers can use it to create solutions for different user groups. The blockchain can power online payments that are secure, cheap, and can be finalized instantly.
It also has a network of global anchors which facilitates seamless exchange between crypto assets and fiat currencies. The anchor network comprises over 180 nations which can be leveraged for exchanging more than 20 assets. The network can be used for international payments and on and off-ramps.
Developers and businesses can explore Stellar’s tokenization services. It can be used for creating and managing digital assets like stablecoins.
Stellar has been able to drive global impact through its series of partnerships and initiatives. Recently, Yellow Card announced that it will introduce USDC on the Stellar blockchain. The move would boost the popularity of USDC, a stablecoin pegged to the US Dollar. Yellow Card is the biggest licensed stablecoin on/off ramp in Africa.
The integration can pave the way for faster and easier transactions with cryptocurrencies. Experts claim that the availability of USDC on the Stellar network can drive crypto adoption in the African region.
Issued by Circle, every USDC token is backed by a dollar which is maintained in reserves by regulated financial institutions.
Conclusion
These five budget-friendly cryptocurrencies have busted the myth that one needs a big bank balance to explore cryptocurrencies. These tokens are among the top crypto coins that buyers can find in today’s market and have user-friendly interfaces that draw people from different backgrounds.
Tron and Stellar are considered developer-friendly tokens, but meme coins like Shiba Inu and Dogecoin reflect the innovative and quirky side of the crypto market. InQubeta is powering the future of AI innovation and has been included in analyst-recommended presales. These five cryptos can be added to build a well-balanced portfolio for the long term.
While the crypto market is an attractive space, users should always research a token before making a purchase. Due diligence can help them understand potential risks and make well-informed decisions.
The post 5 Budget-Friendly Cryptos appeared first on BitcoinWorld.
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