Space X Founder Elon Musk has helped to push Dogecoin (DOGE) prices up considerably ever since he started tweeting about the popular dog coin. Musk has bought Twitter since then and renamed it X, but he hasn’t had much to say about cryptocurrencies for some time.
Many Dogecoin investors are hoping a post from Musk will once again help to propel DOGE prices upward. There’s a good chance that will happen in the coming weeks, given the upcoming launch of the DOGE-1 space vessel that will insert a Dogecoin-themed satellite into lunar orbit.
While DOGE might be one of the best meme coins to invest in, there are safer and potentially more profitable alternatives like InQubeta (QUBE). InQubeta isn’t dependent on hype to help grow its value – the popular NFT project looks to open up access to investment opportunities focused on artificial intelligence (AI).
Other AI-focused cryptocurrencies like Render (RNDR) are also expected to enjoy considerable growth in 2024. Render’s network allows miners to monetize unused processing power by renting it out to those who need it.
Monero (XMR) is another altcoin to watch right now as some analysts say it is poised for a bull run after prices have been volatile for over a year.
InQubeta (QUBE) is set to offer some of the best NFTs to invest in
The InQubeta project is built on the Ethereum (ETH) network, so it shares its parent blockchain’s efficiency and functionality. It introduces an inventive investment process that involves AI startups selling non-fungible tokens (NFT) that offer equity or rewards.
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Show more +Show less –These tokens are purchased by investors using InQubeta’s native currency and governance token, QUBE. The NFTs sold by AI startups on the blockchain are fractionalized into smaller units to make them more affordable for the average investor.
Equity-based NFTs appreciate as their makers expand their market share, much like stocks, and some offer investors rewards like profit sharing. There’s lots of liquidity on the InQubeta network since any ERC20 coins (NFTs) acquired can be resold at any time.
AI is already redefining the way the world works and the changes it causes will open up new investment opportunities. InQubeta democratizes access to such prospects, sending capital to AI startups while giving investors opportunities to earn profits.
About $1.5 trillion is anticipated to flow into AI-focused companies by 2030, positioning InQubeta for considerable growth.
Dogecoin (DOGE) will likely surge soon
DOGE is currently trading around the $0.07 mark, but prices broke the $0.10 resistance level at the end of 2023. The launch of the DOGE-1 vessel should surely lead to a few mentions from Elon Musk and that should push prices upward. However, the surge could come back crashing down just as quickly.
Render (RNDR) is expected to see exponential price increases
RNDR investors are up 116% in the last year thanks to its rapidly expanding user base. Its network allows miners and others with unused GPUs to monetize it by renting it out to those who need more computing power.
Like InQubeta (QUBE), Render is hosted on the Ethereum network, giving it a secure, transparent, and efficient ecosystem.
Bull patterns forming on Monero (XMR) price charts
XMR prices have declined by over 20% in the past week, but bull patterns are now forming on price charts after support was tested at $97.2. Prices are now back at $130.88 and this might be the start of a major bull run.
Summary
RNDR, XMR, and QUBE are three of the best altcoins to invest in today given their growth projections for 2024. DOGE prices might surge as hype is generated, but they will likely come back down just as fast as was the case in 2021.
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The post Musk’s DOGE Tweet Could Spark Frenzy on Twitter; Monero & Render Competitor Poised for Upcoming Rally appeared first on CaptainAltcoin.
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