Dogecoin Emerges as Potential Tesla Payment Method; AI Altcoin Rides on Solana’s Market Success

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March 24, 2024 15:40 EDT
| 3 minute read

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Tesla CEO Elon Musk is best known for backing Dogecoin (DOGE) and getting the cryptocurrency community excited with his tweets about the meme coin. In the past, his cryptic tweets about Dogecoin helped the token earn new profits.

In a recent interview, Musk expressed support for using Dogecoin for payments at Tesla. Market experts are keeping an eye on whether Musk’s recent comments will develop in Coin’s favor.

Another altcoin that seems to be making waves in the market is Ink Beta (QUBE). The Ethereum-based portal helps startups raise funds for their AI projects from cryptocurrency users and grow their businesses.

The altcoin, which recently surpassed $12.1 million in pre-sale funding, is on the rise following the rally in Solana (SOL).

InQbeta: Building a global AI brand with DeFi


ink solid has created a native cryptocurrency for all trading purposes within its ecosystem. The coin, called the QUBE token, has a supply of 1.5 billion units, of which 65% will be sold to interested buyers. Targeting the AI ​​sector, InQubeta provides mentorship and marketing services to emerging startups.

This coin has a deflationary model, so availability is subject to market conditions. In a deflationary model, as volatility and inflation rise, the scarcity of tokens in the market increases. The supply gap increases the value of the token even as the prices of other asset categories fluctuate. The QUBE token has been relatively stable during times of crisis, reinforcing its position as a good cryptocurrency to buy.

The platform employs a Decentralized Autonomous Organization (DAO) model with token holders at its core. Suggestions for upgrades and new feature additions will be put to a vote involving all token holders. This process ensures that all members of the community have a voice and that decision-making is not the work of one person.

Widely touted as one of this year’s recommended presales, InQubeta has had an eventful journey since its launch in 2023.

To build on these achievements, the InQubeta team is busy planning next steps. In the coming months, QUBE token holders can look forward to using staking dApps and trading their coins on centralized exchanges.

Solana’s market capitalization reaches $1 trillion


Solana is a layer 1 blockchain known for its scalability and security. These two factors make it ideal for deploying high-performance dApps. Developers can also learn new skills using the numerous resources available on the platform.

Its native token, SOL, is one of the best performing tokens on the market today. Solana’s huge success has shifted analysts’ focus from the debate over ETF acceptance criteria to its prospects.

This token was recently in the news after its market capitalization exceeded $1 trillion. On March 18, 2024, Solana’s market capitalization rose to his $90 billion. This development follows the success of multiple Solana-based meme coins.

Dogecoin 1.14.7 version released


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 on the market today.

Tesla CEO Elon Musk sparked interest in the cryptocurrency community after endorsing the use of DOGE tokens as a payment method at Tesla. The owner of “X” is known for his love of dog-themed tokens.

In a recent development, Memecoin announced that the 1.14.7 upgrade has been released. Protocol upgrades include enhancements such as updated translations, reduced dependencies on Qt, and added security guidance.

conclusion


Contrary to analyst expectations, Solana, Dogecoin, and InkBeta have emerged as the best altcoins to buy now due to their unfettered growth.

These coins have become very bullish after recent developments strengthened their market positions. As for Dogecoin, long-time patron and Tesla CEO Elon Musk managed to further stir the memecoin’s buzz with a recent tweet.

Solana’s success has been driven by its aggressive price action and significant increase in market capitalization. In the case of InQubeta, its AI-focused model caught the attention of the startup sector, while its ICO profits excited the cryptocurrency community.

Analysts suggest that the top crypto coins are backed by high growth potential and are perfect for long-term holdings.

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Disclaimer: The above text is an advertising article. cryptonews.com Edited content.

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