If something is shining brighter than the Christmas decorations across the world, it’s Solana’s (SOL) market performance. The cryptocurrency has been witnessing stellar gains and smashed many a crypto record.
Cardano (ADA) has been making rapid strides as a Web 3.0 platform for rolling out dApps. Meanwhile, the highly successful InQubeta (QUBE) was among the new altcoins released in 2023.
It helps startups communicate with willing investors to back their artificial intelligence-led projects. Its ongoing cryptocurrency ICO recently crossed $7.6 million. As it’s currently in its sixth presale stage, market experts feel this figure could go considerably higher in the future.
InQubeta: A cryptocurrency for AI-savvy users
InQubeta is a future-ready crypto project designed to meet the funding needs of AI startups. In addition, its DeFi model helps regular crypto investors invest in startups while staying on a budget. Meanwhile, startups can speed up their growth journeys with an uninterrupted supply of finances.
Streamlining the entire investment mechanism is InQubeta’s native cryptocurrency, the QUBE token. It is the official medium of exchange of the InQubeta ecosystem and is also the reward token.
Its 1.5-billion token supply is used for public sale, giving staking rewards, financing marketing activities, and remunerating developers and legal advisors. One can earn staking rewards by allowing their QUBE token to be locked in the liquidity pool. These staked tokens will support the platform’s growth. The owners will earn rewards for as long as the tokens are staked.
The QUBE token is also a governance token used to give all stakeholders a chance to participate in the decision-making process. If the InQubeta protocol requires a change, a proposal is floated first and then put to a vote. Token holders get special voting privileges to take part in the process. They can vote according to what they feel about the proposal.
InQubeta’s native cryptocurrency is a top crypto to invest in as it helps its holders stave off the effects of inflation. The QUBE token has a deflationary character that keeps asset returns untouched when the market is volatile.
The platform features a mechanism that adjusts the supply whenever prices are high to reduce fluctuations. During periods of inflation, the supply is restricted and the token availability is consequently lower than the demand. If the supply rises subsequently, the additional tokens are burned to bring things back in order.
A similar mechanism is used when tax collections pose a risk for controlling internal inflation. During the sale or purchase of QUBE tokens, a small tax is collected by the team. To prevent the tax proceeds from causing inflation, a small chunk of the collection is burned. 
Solana unseats Binance as fourth largest crypto token
Solana is a cutting-edge blockchain with a versatile set of developer tools. These tools can be used for deploying dApps, NFTs, and payment solutions across categories like GameFi. Its native token is SOL.
What makes it a developer-friendly platform is an extensive list of resources to help developers. Developers can explore new capabilities with in-depth documentation that’s offered as part of the Solana Development Course.
The blockchain recently unlocked a new milestone after it unseated Binance Coin as the fourth-largest cryptocurrency in terms of market capitalization, earlier in December. As per rankings on CoinGecko, Solana clocked 100% monthly gains for its token holders.
Cardano’s smart contract deployment rises by 200% in 2023
Cardano is an environment-friendly blockchain for designing dApps using evidence-based tools. It’s powered by the Ouroboros protocol which promotes scalability of solutions.
It uses the proof-of-stake consensus protocol for validating transactions. These transactions can be recovered immutably. They are confirmed through multi-signature authentication. Its native token is ADA.
Cardano was recently in the news after a report claimed that it had added 14,302 smart contracts in 2023 – marking a growth of 200%.
The figure marks a growth of 9,584 smart contracts since the beginning of the year. One of the biggest reasons behind the increase was Plutus V1 scripts – a first-generation smart contract – which grew by 33.8% during the year.
Conclusion
When it comes to comparing the best altcoins for 2023, InQubeta, Solana, and Cardano were among the top choices of analysts. These three tokens outshined multiple altcoins and fetched record gains for their patrons.
Analysts suggest that 2024 might follow the same trajectory. Their robust security and level of decentralization are key USPs that put them much ahead of traditional assets.
Crypto buyers must carefully evaluate projects before committing huge sums of capital.
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