Dogecoin (DOGE) is one of the best meme coins to invest in right now as its recent price surge and the coming launch of the DOGE-1 space vessel have led to renewed interest in the most popular dog coin around. DOGE prices almost doubled during the last three months of 2023, going from $0.052 to $0.1015. Prices have now settled around the $0.082 mark and another bull run is expected soon.
Dogecoin isn’t the only token causing excitement in cryptocurrency markets. InQubeta (QUBE) is a defi crypto coin that seeks to make investment opportunities in the artificial intelligence (AI) space more accessible. It’s one of the top ICOs around right now, and its presale has already raised over $8.5 million while giving early backers 220% returns on their capital.
Monero (XMR) is also set for price growth after prices tested support at $146 in the first three weeks of 2024, but prices have surged to $169 as bull patterns emerge in price charts. More growth is expected now that Bitcoin (BTC) prices are once again trending upward.
InQubeta (QUBE) emerges as the top crypto to invest in this year
InQubeta could be one of the best DeFi projects around by the end of 2024 thanks to the inventive way it plans to make AI investments more accessible. Mainstream investing channels often have requirements that make it almost impossible for most people to use their services. For example, potential investors have to have more than a million dollars in assets to be eligible for angel investment opportunities.
Angel investments are one of the ways investors purchase equity in emerging startups and InQubeta aims to democratize access to these investments so investors don’t have to jump through hoops just to earn access to them.
InQubeta’s blockchain is hosted on the Ethereum (ETH) network which gives it its security and functionality. This allows its developers to create a unique investment process that uses ERC20 coins to replace the role of stocks.
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Show more +Show less –Here’s how it works:
- AI startups are reviewed to determine their eligibility to fundraise on the ecosystem
- Approved startups get access to the NFT marketplace where they create non-fungible tokens to represent the investment opportunities they provide. These tokens can be reward or equity-based
- These NFTs, also called ERC20 tokens are fractionalized into smaller units that are more affordable for individuals
- Investors can invest in any firms they think will earn them profits by buying their NFTs. They can cash out anytime they want by reselling these tokens on the marketplace
Investing in InQubeta’s deflationary currency QUBE can also bring in substantial returns. Tokens are priced at $0.0224 right now, but analysts expect them to be worth a few dollars in the next couple of years.
What’s behind Dogecoin’s (DOGE) recent price surge?
There are various factors responsible for Dogecoin’s price surge in the last few months of 2023, like the bullish momentum generated by BTC’s price growth as rumors of an ETF being approved intensified. BTC’s prices pulled back a bit after testing the $49,000 resistance level, leading to some investors exploring the other top crypto coins to invest in.
Elon Musk and the upcoming DOGE-1 launch have also helped to generate interest in the popular dog coin. A third factor is the increasing use of Dogechain, a layer 2 blockchain built on the Dogecoin network.
Monero’s projected bull run might be in jeopardy
One of the main benefits the Monero project offers its users is true anonymity, but Finnish authorities appear to have traced criminal transactions involving XMR. A suspect, Julius Aleksanteri Kivimäki, is now accused of hacking a mental health institution’s database and asking for ransoms paid with BTC.
The hacker sent ransoms collected to a non-compliant exchange, swapped it to XMR, and transferred the funds to a Monero wallet.
Summary
QUBE is one of the top altcoins to buy now as it offers investors up to 100x in the next year. XMR price growth might be stifled by the news its blockchain isn’t really anonymous if the claims made by Finnish authorities turn out to be true.
DOGE should be viewed as more of a short-term investment since its prices historically crash as fast as they surge due to the virtually infinite token supply.
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The post Explaining Dogecoin’s Recent Market Uptrend; Monero and InQubeta Ignite Market Excitement appeared first on CaptainAltcoin.
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