The cryptocurrency landscape is always changing, and the fortunes of various coins – from the top crypto coins to new altcoins – are also shifting constantly. In recent weeks, three cryptocurrencies have been in the spotlight for their positive performance: Cardano (ADA), Dogecoin (DOGE), and InQubeta (QUBE). Each carries strong potential, and long-time and beginner cryptocurrency investors are keen to see how they evolve in the coming months. Let’s look into the factors driving the price action of these digital assets.
Cardano’s Path to $5
Cardano (ADA) has yet to reach the highest value it recorded this year – $0.4533 on April 16 according to CoinMarketCap – a second time. However, since its dismal performance in October, it has managed to slowly recover. It has been climbing at a steady pace – albeit with a few slight dips – since October 20.
The price of ADA increased by as much as 7.5% on November 5, when it reached $0.348808 – its highest in the last four months. Industry insiders partly credit this surge to the Cardano Summit 2023, which was held on November 2 to 4. Analysts also say that the increase could be attributed to the approval rumors of the Bitcoin exchange-traded fund (ETF). The approval of such a product would be a major milestone that can have a positive impact on the crypto market as a whole.
Industry experts expect the upward trend in ADA’s value to continue as 2023 ends. There are also predictions of it reaching $0.5, which is possible with a bullish market and strong investor confidence in ADA.
Dogecoin’s Resurgence
The popular meme cryptocurrency, Dogecoin, is showing signs of resurgence. It has attracted the attention of popular celebrities, including Snoop Dogg and Elon Musk, which has translated to increased interest among investors wondering about which crypto to buy. In particular, people are intrigued by the cryptic post of Musk on X (formerly Twitter) last October 25 which seems to be referencing Dogecoin. Musk has always been a supporter of the coin, and his latest post may yet again lead to a surge in Dogecoin’s altcoin price.
Industry experts predict that DOGE, Dogecoin’s native token, could register double-digit growth towards the end of 2023.
InQubeta’s Breakthrough
InQubeta (QUBE) continues to set the market on fire with its presale success, and there are no signs of it slowing down. Since its introduction, QUBE, its native token, has managed to appeal to crypto users looking for the best cryptos to invest in not only because of its features but also due to InQubeta’s revolutionary approach to crowdfunding and investing in AI startups. As of November 8, the project has broken through the $4.5 million mark, and this is just across five stages. This number will increase even more as the presale progresses.
InQubeta is one of the top DeFi projects today. It connects AI startups to potential investors and provides them with a secure platform to raise funds for their projects. It allows fractional investment, avoiding the often complicated processes of traditional investment systems.
InQubeta’s unique NFT marketplace is one of its strongest features. Properly-vetted AI startups can create equity- or reward-based NFTs, which are fractionalized and listed on the marketplace. Investors can purchase these NFTs using their QUBE tokens and enjoy the rewards provided by the startups they support.
About QUBE
QUBE is first and foremost a utility token that can be used to transact in the InQubeta ecosystem. More importantly, it’s a governance token which enables its holders to participate in the platform’s development and growth. It’s also deflationary. This means that part of the total supply is “burned” or removed from circulation with every transaction. The rationale behind this is to induce scarcity and drive its value upward over time – making it a good long-term investment.
Conclusion
ADA, DOGE, and QUBE are three alt coins to watch this year because of their promising performance right now and their potential to grow in the future. Cardano’s road to $5 is reinforced by strong fundamentals and ecosystem growth, while Dogecoin’s resurgence is drawn from strong community support and celebrity endorsements. InQubeta, with its innovative processes, holds the potential for a breakthrough in the cryptocurrency world thanks to its unique offerings and links to AI.
