Solana (SOL) might be the best altcoin to invest in right now as the popular artificial intelligence (AI) program ChatGPT predicts its prices will reach $1,000 in 2024.
The bot’s predictions are believed to be based on the increasing use of the Solana blockchain and positive market developments. The bot stated in its response that widespread adoption of the Solana blockchain would send prices up exponentially in 2030. SOL prices are up 362% in the past year so ChapGPT’s prediction is in line with the growth the project has enjoyed in 2023.
InQubeta (QUBE) has also had an impressive year with its tokens growing 130% in value since its presale started. Over $5.2 million has been raised as the event enters its midpoint and those who buy in now get to grow their capital by 90%.
Render (RNDR) has outperformed Solana and InQubeta so far this year with its prices growing by 665%. Unlike many cryptocurrencies whose price surge came to an end as the bullish momentum in the crypto space dissipated, RNDR continues to enjoy substantial growth, posting 15% gains in the past week.
New DeFi project InQubeta (AI) emerges as one of the best altcoins to invest in
InQubeta focuses on making AI investments easier for investors to access with its decentralized finance platform. It serves as an alternative for those who don’t have access to traditional investment methods or have failed to meet their elitist requirements like angel investors having to earn over $200,000 for at least two years to qualify for investment opportunities.
The viability of AI has increased considerably in the past decade as AI software like ChatGPT becomes capable of performing various tasks that once required a human brain like predicting the future prices of cryptocurrencies. Some of the wildest AI concepts ever imagined like self-driving taxis are now a reality in the San Francisco Bay area.
AI will be the next major tech revolution in human history and notable voices like U.S. president Joe Biden believe it will be the most transformative technology the world has seen in decades. AI will create many lucrative opportunities for investors and investing in the technology is one of the ways people can protect themselves from the many unforeseen changes the technology will cause.
A decentralized way to invest in AI
Investors don’t just get increased privacy on the InQubeta network, they also get to enjoy the security, efficiency, and transparency that comes with blockchain technology. The InQubeta project is built on the Ethereum (ETH) network so it shares its functionality and efficiency.
AI startups get the funding they need on the blockchain by selling non-fungible tokens (NFTs) that symbolize investment opportunities. These ERC20 coins are added to the NFT marketplace and investors can buy NFTs they like with QUBE. Like stocks, the values of these tokens will increase as the valuation of the firms behind them rises.
Render continues to enjoy substantial growth
Render has been one of 2023’s biggest winners and bullish momentum continues to push prices upward despite the year’s biggest crypto boom coming to an end. The project runs a GPU rendering network that’s hosted on the Ethereum blockchain that aims to connect miners willing to rent out their GPU capabilities to studios and artists who need more GPU.
Will Solana (SOL) reach $1k in 2024?
ChatGPT predicts Solana prices will reach $1,000 in 2024 and there’s a decent chance these predictions turn out to be true given how well the project has done this year. It recently overtook Cardano as the seventh most popular cryptocurrency and it has emerged as Ethereum’s biggest rival.
Solana’s blockchain offers similar functionality to the Ethereum network, yet its blockchain processes more transactions per second while offering lower transaction fees. This gives it lots of growth potential, but the odds of its price growth keeping up with InQubeta are low.
QUBE, SOL, and RNDR are three of the best altcoins to invest in right now thanks to their impressive growth potentials and the success they’ve enjoyed this year. QUBE will likely lead the trio as some analysts have prices rising 100x once launched on exchanges.
*This article was paid for Cryptonomist did not write the article or test the platform.