It’s just three months into 2024 and it’s still raining records in the crypto sector. The latest one came on March 9, 2024, after the global value of DeFi protocols crossed $100 billion as the rising demand for Bitcoin (BTC) fueled interest in top cryptos to invest in. 

Bitcoin has been growing impressively since the launch of BTC ETFs in the US after a landmark decision from the country’s regulators.

There’s reason to cheer in the altcoin space too. Altcoin holders are in good spirits after InQubeta (QUBE) recently made waves with its positive price action. 

The QUBE token has left analysts impressed with its presale gains. With its cryptocurrency ICO raising more than $11.9 million so far, some investors see it as a potential competitor for Cardano (ADA). 

InQubeta: helping AI startups rise higher

InQubeta is a crypto-based crowdfunding platform for AI projects. The Ethereum-powered platform connects AI innovators with a community of investors, mentors, and financial experts, and helps them scale their business.  

People can participate in the process by purchasing its QUBE token and buying NFTs that represent the projects. Once the transaction is processed, the funds are transferred to the startup and the buyer gets to own a share in the former’s equity. 

Besides fundraising, InQubeta helps startups scale their projects through mentorship and marketing support. The platform connects innovators with an extensive network of professionals. Some of these professionals include veterans who come with years of experience and can guide startups through the challenges of the AI industry. 

The vibrant community can also help them with brand strategy and marketing their projects. To maintain a distinctive brand presence, startups can leverage InQubeta’s social media channels. 

Rated as one of the best altcoins for 2023, the QUBE token has to thank its deflationary model for its popularity. The model contracts the token supply when the markets are in red. 

The reduced supply allows the price to stay stable and demand to rise. The advantage helps the token retain its audience and even draw more crypto users. If there is any increase in token supply during such a time, it’s checked by burning the additional tokens. 

The InQubeta team has created an ambitious roadmap for the platform and its longevity. As per the plan, several new initiatives in store will enhance the platform’s brand presence. 

The first among such initiatives is a staking dApp for crypto users that will also boost blockchain growth. The team is also looking to get the QUBE token listed on a centralized exchange so that more people can explore its USPs. 

Bitcoin has become eighth most valuable asset in the world

Bitcoin is a top-notch cryptocurrency that supports high-speed and secure online transactions. As investing in BTC ETFs reaches new highs, its native token BTC has become among the highest-grossing assets globally.

The BTC token’s growth has helped the crypto market attract more people. In March, the global value of DeFi protocols reached $100 billion due to a Bitcoin-led rally.

In a related development, Bitcoin’s market capitalization reached $1.42 trillion, making it the eighth most valuable asset globally.

Cardano to partner with Dubai police

Cardano is a public blockchain that’s powered by the Ouroboros protocol. The evidence-based methodology behind the protocol gives Cardano leverage over new altcoins. The open-source platform supports seamless dApp deployment with its scalability. Its native token is ADA and it’s used for various transactional purposes on the blockchain. 

It recently unveiled its ‘SuperNode’ feature that aims to ramp up smart contracts operations through a more efficient and scalable ecosystem. 

The blockchain has been in the news due to its collaboration with the Dubai police. According to reports, the Dubai police department will be joining hands with the Cardano Foundation to leverage blockchain to improve its data security measures. 

Conclusion

Apart from driving financial inclusion, Bitcoin, InQubeta, and Cardano have emerged as popular options for increasing generational wealth. With their sustained growth, these tokens are fast outperforming other asset categories and analysts are recommending them for long-term holdings.

The uptick in these coins’ popularity comes after a slew of new initiatives that have expanded their scope. For Bitcoin, the ETF mania unlocked a major growth surge. In the case of Cardano, its lightweight consensus and collaborations have bolstered its market presence. 

Meanwhile, InQubeta has been riding high after its AI-centric platform and presale success took the world by storm.

These tokens sport cutting-edge security frameworks and consensus protocols that boost investors’ confidence in their potential.

• Shiba Inu’s price has increased 252.6% in the past month.
• Chainlink whales have dumped over 2 million LINK in the past month.
• The NuggetRush price has increased 90% since the start of its crypto ICO.

The crypto market is witnessing a massive shake-up as altcoins react to market sentiments. Shiba Inu has seen a massive surge, rising by 252.6% over the past month. 

At the same time, Chainlink whales have been busy offloading over 2 million LINK tokens. On the other hand, NuggetRush has witnessed a 90% price increase since the beginning of its crypto ICO.

NuggetRush (NUGX) gives early investors 90% ROI 

Some analysts are indicating that NuggetRush (NUGX) could be the best ICO right now, as it has achieved various feats despite the changing market conditions. In the last phase of its presale, the token witnessed a rally of 90% from its initial value of $0.010 to its current value of $0.019. That means that investors who joined the presale at the early stage have seen their investments grow by 90%. 

Luckily, those who missed out can still join a presale that some are calling the best DeFi project right now, with a number of analysts forecasting a 100% increase after NuggetRush launches in the next few weeks. NuggetRush will be listing its native token, NUGX, on top exchanges like Uniswap. Afterwards, it will launch a play-to-earn mining game that will give users earning opportunities. 

In NuggetRush, players are granted parcels of land teeming with concealed minerals and gems. With a selection of in-game tools at their disposal, they excavate their land in search of these precious resources, securing rewards that facilitate their advancement across various levels. 

This gaming platform not only offers the thrill of discovery but also bridges the virtual with the real by allowing players to convert in-game items into gold or free tokens. Additionally, the game innovates by incorporating NFT staking, presenting an avenue for investors to garner passive income with potential annual returns of up to 20%. 

Shiba Inu (SHIB) price surge continues 

Shiba Inu (SHIB), the second largest meme coin by market cap, is silently creeping behind Dogecoin on the crypto ladder. According to CoinMarketCap, Shiba Inu has joined the top 12 cryptos by market cap, while Dogecoin is among the top 10.

This proximity comes after Shiba Inu’s price surged 252.6% on the monthly chart, soaring from a low of $0.000009322 to a peak of $0.00004534. Additionally, this price pump has been followed by a massive increase in transactions with Shiba Inu hitting $80B in a week.

Furthermore, the Shiba Inu team has burned over 410,723,801,582,965 SHIB tokens from its initial supply. Given these bullish factors and Shiba Inu’s technical indicators, analysts have forecasted a potential price surge to $0.00008931 in the coming trading sessions. 

Chainlink (LINK) whales selling LINK 

Chainlink (LINK) price has been trending upward for the past few months and even surpassing the $21.69 resistance level. Unfortunately, the Chainlink price movement has become stagnant in the past week.

According to CoinMarketCap, Chainlink has been exchanging hands within a narrow price range of $19.61 – $21.71. Data from Sentiment reveals that addresses holding between 10,000 and 100,000 LINK have been selling since the beginning of February. 

In a month and a half, their supply has dropped by nearly 2 million LINKs worth over $40 million. Historically, the selling of Chainlink tokens by whales has been known to cause price corrections, while accumulations have caused price increases.

Final Words 

While Chainlink whales seem to be dumping LINK, smart investors are already jumping ship to top crypto coins like NuggetRush and Shiba Inu. 

Both platforms have huge projects earmarked for 2024 which promise to attract more users and growth. This bullish potential makes them some of the best altcoins to buy now.

To buy NUGX, visit the NuggetRush Presale Website.

Bitcoin oracles are external sensors that activate a smart contract on the blockchain, and are currently experimental for the Bitcoin blockchain. The research is still in its fledgling state, but the results are already impressive. It’s worth noting that oracles aren’t new to the cryptospace, but the technology has never been used on the Bitcoin blockchain.

Bitcoin oracles are the culmination of research done at Massachusetts Institute of Technology (MIT), where researchers are working on ways to add some new capabilities to Bitcoin’s functionality.

Imagine if you could send Bitcoin to someone when the stock market drops, or the weather changes, or, how about if a post reaches a predetermined number of likes? All of these features and more are already possible thanks to the development of Bitcoin Oracles.

Oracles are already used with many blockchain-based platforms, such as Augur and Gnosis. Both of these platforms utilize oracles to monitor stock markets with greater precision. These platforms are Ethereum-based. Researchers are hoping to provide the same services to Bitcoin users.

The MIT program is called “lit” and researchers have already developed a working Bitcoin oracle to prove their theory. This oracle monitors the value of the USD and then automatically transmits the value in Satoshis to a Bitcoin smart contract. In a public interview, MIT researchers explained that they built the oracle to monitor the value of the USD, but it could have just as easily tracked the cost of a stock, the results of a football game, or even the weather.

While MIT may be the first developers to create an oracle successfully, the original concept of Bitcoin oracles was first proposed by Lightning Network developer Thaddeus Dryja last year during one of his Discrete Log Contracts regarding Bitcoin scalability and the Lightning Network’s potential.

Bitcoin Smart Contracts

Bitcoiners may soon enjoy the benefits of complex smart contracts thanks to the creative minds of researchers such as Alin S. Dragos and Tadge Dryja. Both of these researchers belong to MIT’s Digital Currency Initiative. As part of this initiative, researchers are looking to create multi-layer smart contracts that utilize the Lightning Network.

Second-layer protocols are an essential component of smart contracts. Ethereum gained notoriety for introducing the smart contract concept to the crypto community. To facilitate these smart contracts, Ethereum utilizes a second-layer protocol that behaves similarly. This protocol is called the Raiden Network.

Functioning as a trusted data feed, Oracles are an essential part of multi-signature contracts. Multi-sig contracts have predetermined funds set for release upon receiving a certain amount of cryptocurrency.

Private Trusted Oracles

One of the critical components of the MIT development strategy is creating oracles that cannot track users. In essence, oracles need to be able to broadcast data in a manner that keeps users’ identities private. An oracle should not be aware if its information initiates a smart contract.

A data mixing protocol makes anonymity possible. This protocol mixes the oracle’s information with supplied data before being placed on the blockchain. Researchers say they can determine what data they have added for mixing purposes but that the oracle is unable to differentiate between the two. In the future, organizations will tap into this technology to protect their financial records from prying eyes.

Types of Oracles

The concept of blockchain oracles isn’t new, and many other cryptocurrencies already utilize this technology to provide their users with more robust smart contracts. Let’s take a moment to examine some of the different types of oracles that exist today.

Software Oracles

Software oracles monitor online information. They track items such as the temperature, gold prices, flight delays, and even election results. Oracles can sort through available online information and extract the necessary data automatically before sending the information to the smart contract.

Hardware Oracles

Hardware oracles track real-world items, such as a ship reaching a harbor or a car entering a particular area. These types of oracles require additional hardware sensors to complete these tasks. RFID technology could give these oracles a massive boost in capabilities in the coming months. These devices provide users with the ability to monitor complete supply chains via the blockchain.

Inbound Oracles

Inbound oracles utilize external world inputs. Companies are looking to these oracles to set up automatic buy orders upon the completion of specific tasks. For example, you could set a buy order for crypto if, say, gold prices rise.

Outbound Oracles

Outbound oracles allow smart contracts to release data to real-world items. Thanks to the rise in smart home technology, these oracles are now popular. For example, an outbound oracle unlocks a smart lock upon the completion of a smart contract.

Consensus Oracles

Prediction-based platforms heavily utilize consensus-based oracles. These oracles gather information from numerous locations. They are perfect for monitoring financial markets where using one source of data could be unreliable.

Oracles Concerns

The concept of Bitcoin oracles has been proven successful in theory, but some concerns still remain regarding the integration of these trusted sources. For one, no one has figured out a reasonable way to monetize oracles. In order for oracles to see adoption, there will need to be some incentive for those hosting one.

In addition to financial concerns, centralization is an issue that must be tackled before wide-scale adoption. What happens when one particular source hosts numerous oracles? How could this diminish the “trust” of the network’s data? These are the questions that MIT researchers are now facing as they look to transform their concept into one of Bitcoin’s functionalities.

Bitcoin Oracles – A Work in Progress

The Bitcoin Oracle project continues to see improvements. Developers are looking to third parties to help with the user experience. MIT researchers have admitted openly that their primary focus is on the protocol’s development with the hopes that interested parties will step in to create a user-friendly platform to utilize the technology in the future. Regardless, it looks as if Bitcoin oracles are here to stay.