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7 Hidden Altcoins with the Potential to Go Mainstream | Bitcoinist.com

bitcoinist.com 24-12-2023 07:23 8 Minutes reading
The cryptocurrency market, an ever-evolving and dynamic space, is full of potential that goes beyond the well-known Bitcoin and Ethereum. Altcoins, often overlooked, harbor the possibility of significant growth and mainstream adoption. This article dives into these less-discussed digital assets. Each of these altcoins, from InQubeta (QUBE) to Quant (QNT), presents unique features and innovations, particularly in the rapidly growing fields of the DeFi market and NFTs. They offer not just an investment opportunity but also a glimpse into the future of blockchain technology and digital finance. Whether you're a seasoned investor or new to cryptocurrency trading for beginners, this deep-dive of top cryptos to buy unveils the hidden gems of the crypto world. InQubeta, symbolized by QUBE, leads the way in the DeFi tokens landscape, pioneering as the world's first Web3 crowdfunding platform focused on AI startups. Operating on the Ethereum network as an ERC-20 token, QUBE offers an innovative investment approach. The QUBE token is expected to increase by 400% after the presale, showcasing its potential as one of the best altcoins to invest in. The platform's unique NFT marketplace, set to launch soon, will provide fractionalized investment opportunities in AI startups, transforming the traditional investment landscape. QUBE's role extends beyond just a currency; it serves as a governance token, enabling holders to participate in crucial platform decisions. This aligns with the growing trend of democratic, community-driven ecosystems in the DeFi space. InQubeta's emphasis on AI and crypto as drivers of growth and innovation echoes the current sentiment in the best cryptocurrency to invest circles. The platform's use of blockchain technology ensures a transparent, secure investment process, positioning it among top DeFi projects. Highlighting its commitment to sustainability and investor benefit, QUBE is structured as a deflationary token. A portion of each transaction is burnt, enhancing the value of the remaining tokens. Additionally, a dedicated staking reward pool offers passive income opportunities for long-term holders. This approach, coupled with a 12-week vesting period for tokens, underscores InQubeta's focus on creating a stable and sustainable market for investors. InQubeta's strategy is attracting attention in the cryptocurrency sector, especially among those seeking the best new crypto to invest in. Its integration of AI and crypto, along with an innovative investment model via NFTs, places it among the most promising altcoins to buy. As it embarks on a journey to democratize investment in AI startups, InQubeta is set to reshape the landscape of cryptocurrency investments and emerge as a leader in both the DeFi and AI sectors. Visit InQubeta Presale Borroe Finance, identified by the token symbol ROE, unveils a unique opportunity in the DeFi market, offering a groundbreaking AI-powered funding marketplace on the Polygon network. With a total supply of 1 billion ROE tokens, Borroe is tailored for content creators and Web3 participants, enabling them to transform future earnings from royalties, subscriptions, and invoices into instant cash flow. This innovative approach, using NFTs for invoice discounting, aligns with Web3's vision of equitable value distribution. The platform's AI risk assessment, combined with blockchain technology, promises a secure and efficient funding process, distinguishing itself from traditional finance mechanisms. Borroe's strategic tokenomics and presale phases, focusing on scalability and low transaction fees, position it as a promising investment within the category of top crypto to invest in, especially for those exploring cryptocurrency trading for beginners. Buy Borroe Finance Presale NuggetRush (NUGX) debuts as a groundbreaking addition to the world of play-to-earn (P2E) games on the Ethereum blockchain, distinguishing itself in the space. With a substantial supply of 500 million tokens, NUGX surpasses the conventional gaming experience, merging it with impactful real-world applications. The game innovatively integrates gold mining and cryptocurrency, creating a dynamic play-to-earn environment. Unique to NuggetRush is its commitment to supporting real-world artisanal miners in underdeveloped countries, making it more than just a game but a venture with a conscience. NUGX token holders embark on an immersive journey in NuggetRush, exploring mines and deploying strategies that yield real-world rewards. The introduction of NFTs as collectible and functional in-game assets adds a layer of depth to the gameplay, making NuggetRush a standout in the Web3 gaming sector. This P2E game promises an engaging gaming experience and offers a platform for cryptocurrency for beginners, guiding them through the nuances of digital assets. NuggetRush, with its innovative approach and potential for real-world impact, positions itself as a promising venture in the evolving landscape of DeFi coins and blockchain gaming. Join Nugget Rush Presale VeChain (VET), renowned in the cryptocurrency ICO and DeFi market, stands as a compelling choice for those seeking the best cryptos to buy now. At its core, VeChain is a smart contract-compatible blockchain uniquely designed to enhance supply chain processes and expedite the widespread adoption of blockchain technology. Its foundational attributes, such as decentralization, immutability, transparency, and automation, make it particularly suitable for various business applications. VeChain tackles a critical challenge in the supply chain sector - the lack of transparency. By enabling direct transactions and data sharing among stakeholders, it enhances the integration of financial and logistical services, making it an attractive option for those seeking the best cryptocurrency to invest in. Distinctive in its approach, VeChain, operating on the Ethereum chain, provides an innovative solution to the expensive and complex process of developing and maintaining blockchain-powered applications. Its public blockchain, VeChainThor, is tailored for enterprise use, aiming to facilitate large-scale commercial decentralized applications (DApps) that Ethereum struggles to support. The platform's proof-of-authority (PoA) consensus method, on-chain governance mechanism, and dual-token system (VeChain Token [VET] and VeChainThor Energy [VTHO]) address issues of governance and economic model limitations found in Ethereum. VeChain's meta-transaction features, such as multi-party payment and controllable transaction lifecycle, make it user-friendly for enterprises, positioning it among the top crypto to buy for those looking to add promising coins with huge growth potential to their portfolio. Hedera (HBAR) distinguishes itself in the DeFi market as a prime candidate among the best altcoins to invest in, offering a unique approach to blockchain technology. Unlike conventional blockchain networks, Hedera employs a governance model where major businesses, including prominent names like Google, IBM, and Boeing, oversee key network functions. This model enables Hedera to achieve high transaction speeds for its HBAR cryptocurrency while maintaining a restricted node involvement in transaction history determination. This design choice ensures rapid finalization of transactions, providing businesses with a dependable data foundation for decision-making. At the heart of Hedera's innovation is the Hashgraph consensus mechanism, distinct from traditional blockchain consensus methods. It allows for more efficient transaction processing, positioning Hedera as a potential leader among layer1 blockchains. The governing body, the Hedera Governing Council, composed of 39 members as of 2020, plays a crucial role in managing the network, reflecting a blend of public and private blockchain benefits. Hedera's gradual transition from a private to a public network and its $124 million raised through HBAR cryptocurrency sales further underline its potential as a significant player in the DeFi projects space, making it a good crypto to buy for those exploring the top layer1 cryptocurrency projects with strong fundamentals. Aleph Zero (AZERO) emerges as a noteworthy choice for those new to the cryptocurrency arena, offering a privacy-focused blockchain designed to enhance Web 3.0 functionalities. Distinguished by its decentralized approach, Aleph Zero addresses common challenges, such as network congestion and high transaction fees, prevalent in platforms like Ethereum. By introducing a novel consensus mechanism, it achieves superior scalability and lower costs, making it a compelling option in the DeFi crypto list. Additionally, the platform's emphasis on privacy, both for users and developers, combined with its enterprise-ready infrastructure and robust security -- audited by Trail of Bits -- positions Aleph Zero as a viable and secure choice among the best cryptocurrencies to buy now, particularly for those interested in advanced DeFi applications and private smart contracts. Quant (QNT) distinguishes itself in the DeFi market as a revolutionary blockchain solution, addressing interoperability challenges through its Overledger DLT operating system. Created by Gilbert Verdian in 2015, Quant enables seamless interaction across various distributed ledger technologies, making it a notable choice among the best altcoins to buy. The platform supports multiple major blockchains, such as Bitcoin and Ethereum, and allows developers to create and use multi-decentralized applications (mDApps). The native QNT token, governed by the Swiss Financial Market Supervisory Authority (FINMA) and operating as an ERC-20 token, facilitates access and transactions within the network. This unique approach positions Quant as a top DeFi project and an attractive investment for those exploring cryptocurrency trading for beginners, offering a blend of innovation, utility, and scalability in the evolving digital asset landscape. From InQubeta's pioneering role in the cryptocurrency ICO sector to Quant's innovative solution for blockchain interoperability, each of these seven altcoins brings something unique to the table. They are not just investments; they are visions of the future of finance and technology. As the DeFi market continues to expand and evolve, these altcoins stand out as beacons of innovation and opportunity. For anyone wondering which crypto to buy today for long-term growth or seeking the best coin to invest in, these altcoins represent some of the most promising and exciting opportunities in the world of cryptocurrency.

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The Biggest Spot Bitcoin ETF Myths Debunked
01.01.24 07:24
by bitcoinist.com

The Biggest Spot Bitcoin ETF Myths Debunked

With just days left before a spot Bitcoin ETF is expected to be approved by the US Securities and Exchange Commission (SEC), Alistair Milne, Chief Investment Officer (CIO) of Altana Digital Currency Fund, addressed several myths surrounding the Spot Bitcoin Exchange-Traded Funds (ETFs). In recent weeks and months, several shockingly false rumors have persisted, painting a false picture of the future with a spot ETF. Milne emphasized the stringent legal and operational frameworks governing spot ETFs. With this, he addressed the common myth that spot ETF could water down the 21 million supply of BTC by injecting "paper Bitcoin". He stated, "Spot ETFs are legally obliged to invest net inflows in BTC, which will be held by a custodian, fully audited, etc." Moreover, ETF providers like BlackRock, Fidelity and Bitwise are 'seeding' their ETFs with cash on exchanges to be ready to buy Bitcoin when inflows occur. This is a proactive measure to manage liquidity and maintain the ETF's performance in line with Bitcoin's market movements - - but again, no manipulation is taking place. Also, the spot ETFs actions are dictated by inflows and outflows, not by discretionary decisions of the fund managers like BlackRock's Larry Fink. This means the buying and selling of Bitcoin by the ETF are purely transactional, based on the fund's need to balance inflows and outflows. "ETF providers have no discretion with regards to buying or not buying, only inflows/outflows may dictate their trading," Milne clarified. In the same vein, unlike derivative ETFs, spot Bitcoin ETFs involve actual BTC, which underscores their direct link to the cryptocurrency's market dynamics. "Bitcoin spot ETFs will dramatically increase the proportion of spot BTC traded vs derivative (unbacked) volumes ... reducing the influence of the latter BTC's price will be more difficult to suppress, not easier," Milne explained. Market Makers (MMs) and others will trade or arbitrage the ETF's stock versus spot Bitcoin. This is done to ensure that the ETF is priced as close to the actual market value of BTC as possible, thereby exploiting any inefficiencies for profit. Milne further elaborated that a spot ETF that underperforms Bitcoin (before fees) will likely go out of business, as its value is expected to mirror that of Bitcoin's market performance. The discussion on X also ventured into the dynamics of investor movement between different ETF providers. In response to a query about potential shifts from Grayscale Bitcoin Trust (GBTC) to other ETFs, Milne clarified, "GBTC will instantly be at par value, so the only sellers are likely those who bought at a discount and want to rotate back to self-custody (like me). Net effect after 1-2 working days would be zero. Someone selling GBTC and buying, for example, IBTC the same hour should have no effect either." Another myth revolves around the trustworthiness of ETFs. A user expressed skepticism about reliance on traditional auditing methods, suggesting that on-chain signed messages from t...

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