Here’s why analysts are bullish on Hedera, Sui, and InQubeta for 2024
With 2024 just over a month away, there’s a lot of chatter in the crypto circles about what 2024 could hold for the market. Analysts expect the market to maintain its long-term momentum, and they are particularly bullish about InQubeta (QUBE), Hedera (HBAR), and Sui (SUI).
While it’s no secret that Hedera and Sui have been advancing impressively due to their technology and next-generation code architecture, InQubeta’s rise comes as a surprise for many because it was launched just a few months ago.
Powered by the Ethereum network, InQubeta connects AI startups with investors and helps the two sides access mutually beneficial opportunities. InQubeta’s cryptocurrency ICO has also been the subject of much praise, especially after its funding crossed $5.1 million recently.
InQubeta: How DeFi could fuel AI innovation
InQubeta has been designed as a cutting-edge decentralized platform that brings together the best of DeFi technology and helps AI startups secure funding. Its robust security and transparent mechanism enable startups to interact with investors without any worries or hassles.
Investors get access to startup projects that they wouldn’t easily find in the market and can stay ahead of the competition. The platform’s native cryptocurrency is the QUBE token and it’s the official medium of exchange in the InQubeta ecosystem.
The QUBE token can be purchased on presale but it has a 12-week vesting period to phase out the release of tokens in the market.
InQubeta’s governance structure is based on the decentralized autonomous organization (DAO) model which promotes democratization of the decision-making process. All decisions are taken by consulting community members and proposed changes are put to a vote.
The outcome of the voting process depends on what token holders think about the proposal, as they are given special voting privileges. Any community member can propose a change in the protocol if they feel the move could improve the project.
These proposals are debated and are then sent for a vote. Here, token holders can use their voting rights to make decisions in the best interests of the platform.
InQubeta has been rated as a top crypto to invest in because of its transparent model where startups and investors can communicate seamlessly. QUBE could emerge as the top token in 2024 as it is backed by unique use cases and has attracted many buyers during the presale stages.
To be eligible for funding on InQubeta, startups need to submit a rewards-based offer for the investor.
The offers are tokenized as NFTs and then uploaded on an online marketplace. At this online portal, investors can buy, evaluate, and compare all offers made by startups. InQubeta enjoys an edge over other NFT platforms as it offers fractionalization of these assets. Hence, it’s not necessary for crypto users to buy the entire NFT, they can even purchase a small part of it.
Hedera to offer verification service for smart contracts
Rated as one of the best altcoins for 2023, Hedera is an enterprise-grade public blockchain for deploying high-performance dApps and is widely preferred by developers.
It has been designed to be more transparent than legacy systems to weed out limitations to developer experience like a lack of stability and speed. Its native token is HBAR and has delivered huge gains in the past.
Hedera was recently in the news after it rolled out its verification feature for smart contracts. The feature would boost developers’ trust and transparency by facilitating the evaluation of smart contracts.
The process would ensure that there’s an alignment between a bytecode and source files. With the service, Hedera users will be able to verify smart contracts independently. HBAR seems to be heading for a bullish rally as whales have been accumulating huge supplies recently.
Sui Connect to be hosted in Dubai
Sui is a smart contracts platform that makes it easier to own digital assets. The Layer 1 blockchain has an object-centric model and offers features like horizontal processing and parallel execution of transactions. Its native token is known as SUI.
In a recent development, Sui announced that it would be hosting its next Sui Connect event in Dubai in collaboration with Crypto Oasis and Ghaf Labs.
During the event, participants can connect with developers and hear Sui managing director Greg Siourounis’ insights about Web 3.0 and the blockchain industry. The event will be held on December 13. SUI has great plans for 2024 and could potentially deliver successive bull rallies in the long term.
Conclusion
If you are looking to jazz up your crypto portfolio, you have both old and new altcoins to choose from. While names like Hedera and Sui have been around for longer, the newly launched InQubeta is equal in terms of utility.
The three tokens are in the race to become the best-performing cryptocurrencies of 2024 if analysts’ predictions are anything to go by. If you are looking for tokens that could offer long-term gains while ensuring good returns, then InQubeta, Hedera, and Sui are ideal options to consider as they are backed by interesting utilities and also provide passive income for long-term holders.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
