Decentralized web or Web 3.0 cryptocurrencies are the digital assets driving the next iteration of the internet. They are based on blockchain technology. Compared to the centralized platforms and services of Web 2.0, Web 3.0 aims to build an Internet that is less centralized, more transparent, and user-centered. Web 3.0 cryptocurrencies enable decentralized applications (dApps), smart contracts, and intermediary-free digital transactions, which play an important role in this ecosystem.
By leveraging the irreversible and secure properties of blockchain, these currencies offer users more privacy, more control over their data, and new ways to engage online. Web 3.0 cryptocurrencies like Polkadot (DOT), Filecoin (FIL), and Solana (SOL) are helping build a decentralized and user-driven internet.
#2024 , what makes Web3 cryptocurrency a good investment? Investing in Web3 cryptocurrencies in 2024 could be a smart decision for a number of reasons. Let me explain:
The Possibility of Innovation: Web3 Currency, with its decentralized and censorship-resistant properties, heralds the next stage in the evolution of the Internet. Those who invest money today may be the first to use innovative tools and services in the future.
New use cases and applications are constantly emerging, and the Web3 project is growing rapidly, so there are plenty of opportunities for growth. Early investments may lead to substantial developments as these initiatives develop and become more widely adopted.
Web3 coins are an alternative investment option to more traditional assets such as stocks and bonds and may help diversify risk in a portfolio.
Industry potential: The Web3 industry still has a lot of room for development and is still in its early stages. If you invest today, you may be able to benefit from future expansion of the market.
Growth of the Ecosystem: Entrepreneurs and developers in the Web3 ecosystem are always creating new goods and services. You can help this ecosystem thrive and grow by investing in Web3 currency.
Some Web3 currencies, such as decentralized stablecoins, can provide protection against inflation due to their decentralized design and limited quantity.
All in all, buying the Web3 cryptocurrency in 2024 may prove to be a visionary decision, offering access to cutting-edge technology and the possibility of substantial profits.
1.Chainlink (Link)
##Chainlink has a market capitalization of $3.3 billion, making it the 22nd largest by market capitalization Cryptocurrency, 47% of its tokens are already available for trade.
Chainlink is a decentralized oracle network that allows smart contracts to transmit data across multiple blockchains. The overall goal of the project is to improve the functionality of smart contracts by integrating real-world data. The role of oracles is to connect decentralized systems with data stored in the real world.
Grayscale Fund’s assets include Link tokens. The coin’s current pricing seems encouraging as short-term forecasts range from $73-$114 per coin, while long-term investors could see it worth over $525.
2.Filecoin (FIL) Filecoin has a market valuation of $1.6 billion, making it the 38th most valuable in the world currency.
Filecoin is a decentralized network using a peer-to-peer architecture specifically designed for storing files. In addition to buying, selling, and renting virtual space, users may also be rewarded with FIL coins. As a project with a long history and continued growth, Filecoin is definitely one to keep an eye on.
While it’s difficult to predict the future value of the currency, it has previously peaked at $200 per coin. You can buy it now for less than $7.
3. NABOXThe cross-chain DID application developed specifically for Web3 is called Nabox.
Nabox allows you to manage assets across multiple blockchains, including DeFi, GameFi, NFTs, and any other use cases that may arise in the future. In the universe of multiple chains, Nabox is your entry point. Asymmetric encryption technology is the basis of Nabox’s Digital Identity Information (DID). When it comes to managing assets and data across multiple blockchains, users work together with the same set of keys and public keys.
SwapBox is a decentralized exchange that brings together popular DEXs to provide customers with asset trading and asset cross-chain exchange, and intelligently discovers the most beneficial exchange methods.
If you are wondering where to buy Nabox at current exchange rates, the top cryptocurrency exchanges currently trading Nabox stock are MEXC, CoinEx, PancakeSwap v3 (BSC), and ApeSwap (BSC). You can find others listed on our cryptocurrency trading page.
4. Helium Network (HNT)
People’s Network (HNT ) is a decentralized wireless network that is the focus of the new cryptocurrency initiative. The wireless access points of this project are dispersed and cover a wide range. It uses a proof-of-coverage consensus process and pays HNT coins to participants. With over 300,000 access points, Helium Network is one of the largest IoT networks.
There are several ways for investors to purchase cryptocurrencies:
Shopping on the market.
Whether you are at home or at work, you can buy and install mining equipment to make money.
Dish customers have access to Helium’s network thanks to a partnership established last year. The price of HNT quickly increased after the partnership was announced on May 1, 2021, suggesting that prices may increase in the future if the network continues to form partnerships with other companies.
The cryptocurrency has a market valuation of over $1.2 billion and currently trades between $8 and $12. The circulation limit is 223,000,000 HNT, and the current circulation is 54,000,000,000 HNT.
5. TFuel
One component of the Theta Fuel project is a streamer A video platform that rewards users for contributing computer power and bandwidth. Just like YouTube in 2005, Theta co-founder Steve Chen believes it will shake up the Internet video business. Theta is dedicated to solving the problem of efficiently distributing materials to different regions around the world while maintaining its commitment to providing high-quality streaming video to all customers.
As a medium of exchange for users to pool bandwidth and computer resources, Tfuel tokens are an integral part of the ecosystem. Then there’s Theta, a different token that’s crucial to running the platform.
Due to the open source nature of the platform, developers are able to contribute new features and improvements. Byzantine Fault Tolerance (BFT) and Proof of Stake (PoS) work together to provide security.
6. Ocean Protocol
It is worth paying attention to Ocean Protocol in the next year or two, because It provides the tools needed to create Web3 applications. The protocol ensures complete openness and transparency in data collection and use through decentralized data exchange and access. Growth and improvement are ongoing processes in an ecosystem that are always evolving.
The founders have thoughtfully executed the token allocation to encourage long-term stability and appreciation of the asset.
The asset is currently trading in a range of $0.2 to $0.3. The total number of tokens in circulation is 613,000,000, with a maximum supply of 1,410,000,000.
7. Chromia (CHR)
As an alternative to traditional smart contracts, the relational blockchain Chromia launched in 2019 aims to Accelerate the process of creating and launching blockchain-based companies. For novice developers, the platform’s SDK makes deploying decentralized applications (dApps) simple and straightforward. Notably, the Chromia platform has supported the development of successful cryptocurrency games such as Darania Mines and My Neighbor Alice, which have a combined value of $130 million.
Chromia is an innovative system whose ecosystem is always changing. Even though the CHR currency ranks high among the top currencies for Web3 in 2023, it is still undervalued by investors interested in the Metaverse system. As the platform continues to be flooded with apps and games, this asset requires regular monitoring.
8. WAX
After the WAX blockchain was released at the end of 2017, it quickly Rise to become the leading choice for GameFi industry and Metaverse cryptocurrencies. WAX stands for "Worldwide Asset eXchangeTM" and is an excellent choice for plans that include virtual reality and must comply with regulations. The Delegated Proof-of-Stake (DPoS) consensus method powers its low gas prices and massive transaction throughput. The WAX blockchain uses CPU, RAM, and NET resources to pay for transactions.
Like Chromia, WAX is a must-have in 2022-2023 due to its intuitive design. Many well-known games and projects are hosted on the platform, which shows that the WAXP token has huge potential in the long run.
9. Atom and Cosmos
Cosmos is an innovative initiative that brings together Competitor's Web3 encryption system. This is critical in order to keep the Web 3.0 ecosystem running smoothly and providing answers to real problems. In order for data to flow freely within a blockchain network, interoperability is a must, and Cosmos takes care of this.
For example, Bitcoin and Ethereum cannot exchange data directly because they are different projects running on different blockchains. Cosmos solves this problem by facilitating communication between all blockchain networks and any token. It’s a smart move to include Cosmos’ cryptocurrency, Atom, in your portfolio. Atom’s peak price was $44 per coin and it currently ranks 30th on CoinMarketCap, trading between $8 and $6. Five to seven dollars per asset is considered optimal for long-term holding.
10.Mana, Decentraland
The virtual reality metaverse Decentraland uses the currency Mana. For those investing in Mana, this is a once-in-a-lifetime opportunity to participate in the rise of Web3 virtual worlds. Decentraland’s goal is to unify the physical and virtual worlds by letting users own virtual land, build buildings on it, and participate in various activities.
After users own virtual land, they can develop various types of real estate, such as retail centers, apartments, and residences. You can turn these homes into cold cash by renting them out. Since its launch, Decentraland has sold many multi-million dollar real estate developments.
Mana Coin’s performance in the Web 3.0 blockchain environment is highly regarded. Mana was worth more than 3 cents when it was first launched in 2017. Over the next five years, the price skyrocketed, reaching $5.90. Mana is currently priced at 80 cents.
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