Dogecoin Emerges as Potential Tesla Payment Method; AI Altcoin Rides on Solana’s Market Success
Tesla CEO Elon Musk is well known for his patronage of Dogecoin (DOGE) and sending the crypto community into a tizzy with his tweets about the meme coin. In the past, his cryptic tweets about Dogecoin have helped the token make new gains.
During a recent interview, Musk expressed his support for using Dogecoin for payments at Tesla. Market experts are closely watching if Musk’s recent statement plays out in the coin’s favor.
The other altcoin that seems to be making waves in the market is InQubeta (QUBE). The Ethereum-based portal helps startups raise funds for their AI projects from crypto users and grow their businesses.
With a presale funding that recently crossed $12.1 million, the altcoin has been rising following Solana’s (SOL) rally.
InQubeta: Creating global AI brands with DeFi
InQubeta has created a native cryptocurrency for all transactional purposes within its ecosystem. Called the QUBE token, the coin has a supply of 1.5 billion, of which 65% is to be sold to interested buyers. Targeting the AI sector, InQubeta provides mentorship and marketing services to emerging startups.
The coin’s availability varies with market conditions as it has a deflationary model. The deflationary model makes the token scarcer in the market when volatility or inflation rises. The supply gap helps the token value rise even as the prices of other asset categories fluctuate. The QUBE token’s relative stability in times of crisis has strengthened its position as a good crypto to buy.
The platform has a decentralized autonomous organization (DAO) model where token holders take center stage. Any proposal for an upgrade or addition of new features is put to a vote where all token holders participate. The process ensures that all community members have a say and that decision making isn’t a one-man job.
Widely featured as one of the recommended presales for the year, InQubeta has had an eventful journey since its launch in 2023.
To further build on those gains, the InQubeta team is busy planning its next step. In the coming months, QUBE token holders can look forward to using a staking dApp and even trading the coin on centralized exchanges.
Solana’s market cap reaches $1 trillion
Solana is a Layer 1 blockchain that’s known for its scalability and security. The two factors make it ideal for deploying high-performance dApps. Developers also get to pick up new skills with a host of resources that are available on the platform.
Its native token, SOL, has been among the best-performing tokens in the market today. With its raging success, Solana has shifted analysts’ focus from discussions about ETF acceptance criteria to its prospects.
The token was recently in the news after its market capitalization crossed $1 trillion. On March 18, 2024, Solana’s market cap rose to $90 billion. The development comes after the success of multiple Solana-based meme coins.
Dogecoin’s 1.14.7 version goes live
Inspired by the Shiba Inu breed, Dogecoin is an open-source meme coin. Its native token DOGE is considered one of the best crypto investments available in the market today.
Tesla CEO Elon Musk stoked the crypto community’s interest after he supported the use of DOGE tokens as a mode of payment in Tesla. The ‘X’ owner is known for his patronage of the dog-themed token.
In a recent development, the meme coin announced that its 1.14.7 upgrade was now live. The protocol upgrade comes with enhancements like translation updates, reducing Qt dependency, and added security guidance.
Conclusion
Trumping the expectations of analysts, Solana, Dogecoin, and InQubeta have emerged as the best altcoins to buy now with their unfettered growth.
These coins have been extremely bullish after recent developments bolstered their position in the market. For Dogecoin, old-time patron and Tesla CEO Elon Musk managed to fuel more buzz around the meme coin with his recent tweet.
Solana’s success comes after its positive price action and the massive surge in its market capitalization. In InQubeta’s case, its AI-focused model has made the startup sector take notice, while its ICO gains have left the crypto community excited.
Analysts suggest that the top crypto coins are backed by high growth potential which makes them ideal for long-term holdings.
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