The development of Web 3.0 and blockchain technology is going hand in hand with the rise of the cryptocurrency field. It’s directly connected with the concepts of openness and decentralization brought by Web 3.0. And all these concepts are leading to possible scenarios of Web3 tokens becoming profitable investments in the near future. Therefore, it’s essential to get acquainted with the best Web 3.0 coins if you think about making successful investments in this field.
Let’s move on and explore which are the top Web 3.0 coins to buy and invest money in.
Web 3.0 and Cryptocurrencies
Web 3.0 brings many opportunities and benefits to blockchain and cryptocurrency facilities. Due to its decentralized network and connectivity, web applications and websites are rapidly progressing through machine learning algorithms, natural language processing, big data, and artificial intelligence.
And decentralized blockchain network is not an exception. The influence and impact of Web 3.0 on the cryptocurrency market and blockchain projects are more than significant – data ownership rights, process information in a real-world human manner, ability to create and sell digital assets, blockchain protocol, smart contract capabilities, and much more.
Best Web 3.0 Cryptocurrencies to Buy
As the popularity of non-fungible tokens and cryptocurrency prices increases every day, it’s time to begin investing in the top Web3 coins and tokens.
Decentraland is among the top web crypto coins to invest in Metaverse: another emerging concept of Web 3.0. The main focus of Metaverse is to loosen the gap between the real and virtual world through virtual reality. And as you can already guess, Decentraland is a kind of gaming world attracting the attention and investments of digital land plots lovers.
These digital plots can later be used to create virtual real estate projects that include anything from villas and apartments to casinos and shopping malls. And the proof of this concept can be the market cap and the number of sold plans within the Decentraland ecosystem.
Ethereum can be considered one of the most popular Web3 coins people buy and invest in. The reason mainly comes from the undeniable fact that Ethereum is the heart of Web 3.0 infrastructure. Therefore, many Web 3.0 decentralized projects are built on the Ethereum network, including dApps, metaverse coins, decentralized finance networks, etc. Another advantage worth mentioning is that the Ethereum blockchain enables users to create and deploy smart contracts for their assets.
The Ethereum token is the second-largest project in terms of market value after Bitcoin.
Transferring any data or asset across Blockchain is possible through Polkadot. Additionally, with DOT users’ help, they can easily interact with multiple blockchains in their native network. And it’s the main distinguishing feature of Polkadot among other networks.
Through Helium, users can wirelessly connect to the Internet if they don’t want to use data plans or satellite-based services. This network works on its own blockchain and has two primary systems: coverage consumers and providers. Other key elements are as follows:
- Decentralized Wireless Network: With the help of DWN, the users can access the Internet through independent miners. In return, DWN rewards users with network tokens.
- Proof-of-Coverage: This consensus mechanism is designed to help the network act efficiently and enable users with wireless internet access through independent devices.
It’s a decentralized storage network helping to store the users’ data through miners. In return, they can get the network’s native cryptocurrency known as $FIL. Here, users can quickly become miners, share their own data storage space or help other users to store their data.
So, Filecoin is a storage provider, and anyone with spare disk space can become a miner and be rewarded with a native token.
It is the best option for organizing blockchain data which can also be queried on several blockchain networks and filtered by members. The Graph can serve as a high-level cryptographic ledger or a low-level Indexing protocol.
The Graph token’s market capitalization is around $1,6 billion.
The popularity and growth of the cryptocurrency market are at their highest points. However, it’s important to note that Web3 coins are also risky and highly volatile as other cryptocurrencies. So, it’s essential to carefully research the existing market and available options before making a good investment.