SSince Web 3.0 is supposed to work through decentralized protocols, which are the foundations of cryptocurrency and blockchain technology, there will be a growing relationship between these three technologies.
What is Web 3.0?
Web 3.0 is the third generation Internet, where applications and websites will process information in a much more human way. Technologies such as big data, machine learning, and decentralized ledgers will allow Web 3.0 to thrive.
Given that, here are 10 Web 3.0 cryptocurrencies to buy in 2022.
10 Best Web 3.0 Tokens for 2022
Here’s what you should consider before investing in some of the best Web 3.0 cryptocurrencies.
1. Helium (HNT)
Helium is a blockchain-powered decentralized network for the Internet of Things, or IoT, devices using the Proof of Coverage algorithm.
With Helium, users can create a decentralized wireless infrastructure at any scale, allowing low-power devices to communicate with each other and transmit data over a network made up of nodes called hotspots, each covering a certain part of the network. . Hotspots also serve as miners. Network users who buy or build a hotspot both operate network nodes and mine HNT, which is the native cryptocurrency of the Helium network.
The current price of HNT is $9.76 and its market cap was around $1.2 billion as of July 19.
2. Chain link (LINK)
Chainlink is a decentralized network built on Ethereum that facilitates the creation of smart contracts based on real-world data. It can integrate with any blockchain which is why it has become a widely used platform for oracle services.
Chainlink’s native coin, LINK, has seen increased demand recently and at one point beat Shiba Inu as the most widely traded cryptocurrency held by the largest ether holders.
Chainlink’s current price is $7.29 and its market cap is around $3.4 billion as of July 19.
3. Filecoin (FIL)
Filecoin is a decentralized peer-to-peer storage network where users can earn the platform token by renting space on their computers’ hard drives. One of the main advantages of Filecoin is that it can store digital assets, such as art or music, behind non-fungible tokens.
Anyone can be a storage provider in the Filecoin network, whether you are an individual or a data center. All you need is internet access and enough disk space. The more storage you provide to the Filecoin network, the more transaction fees and tokens you can earn.
The current price of the token is $6.14 and its market cap was around $1.47 billion as of July 19.
4. Flow (FLOW)
Flux is designed to help developers build Web 3.0 applications and deploy them to different networks at the same time. It can also be used to create decentralized projects. Flux offers an oracle design with an exclusively decentralized infrastructure that allows users to access data on and off chain.
The current price of the stream is $0.4748 and its market cap is $118.37 million as of July 19.
5. Theta (THETA)
Theta is a decentralized blockchain network designed specifically for video streaming. As a peer-to-peer network, Theta aims to make video streaming easier for users, with enterprise validation nodes from Sony, Google, Samsung, and other companies.
The current price of theta is $1.33, while it has a market capitalization of $1.33 billion as of July 19.
Good to know
Besides these tokens, other web 3.0 tokens worth looking into are the golem and the orchid. Make sure to check the market trends and news surrounding these tokens before investing in them.
6. The graph (GRT)
The Graph is an indexing system that can be used to organize blockchain data, which can then be filtered and queried by members. It is both a low-level blockchain indexing protocol and a high-level cryptographic ledger based on this protocol.
The current price of the chart token is $0.1142, while the market cap is around $788.9 million as of July 19.
7. BitTorrent-New (BTT)
With over 2 billion users and 200 million wallets, BitTorrent is a leading peer-to-peer file sharing platform that features torrent client software for Mac, Android, Windows and more. It bills itself as “the world’s largest distributed network” and provides secure streaming and downloading for torrent products. For a fee, users can upgrade to premium subscriptions to enjoy perks like virtual private network capabilities and ad-free browsing, according to CoinMarketCap.
The current price of the new bittorrent token is $0.0000009276, and it has a market capitalization of around $867 million as of July 19.
Sia is a peer-to-peer digital platform where users can pay hosts to rent their cloud storage space. User data is encrypted in 30 segments, each of which is uploaded to a different host.
Sia developer Skynet has several Sia-based projects underway, including cloud-based media streaming, content delivery, and file sharing.
The current price of siacoin is $0.004401, while it has a market capitalization of around $226.48 million as of July 19.
9. Basic Attention Token (BAT)
BAT powers a blockchain-based digital advertising platform that delivers content through the Brave browser. Advertisers pay for their ad campaigns using BAT, and a portion of the BAT they pay is distributed to users as a reward for viewing the ads. Although the BAT environment protects user privacy, advertisers can target their ads to maximize their effectiveness.
The current price of the Basic Attention Token is $0.4308 and its market cap is nearly $645.16 million as of July 19.
10. Peas (DOT)
Polkadot allows transfers of any asset or data through blockchains. Its service is not limited to tokens. With Polkadot, users can interact with multiple blockchains, called parachains, in Polkadot’s native network. What sets Polkadot apart from competing networks, like Ethereum, is that these parachains are unique and independent, but can communicate with each other – a vital feature for Web 3.0.
The current price of polkadot is $7.86 and its market capitalization was around $7.77 billion as of July 19.
Given the advent of Web 3.0, the rise of Web 3.0 cryptocurrencies is inevitable.
Web 3.0 is based on the concepts of greater usefulness, openness and decentralization. Since the proponents of these concepts are increasing day by day, their increased support could make Web 3.0 tokens become lucrative investments. However, cryptocurrency remains a highly speculative investment. Do your homework before investing and don’t invest money you can’t afford to lose.
Daria Uhlig contributed reporting for this article.
Data is accurate as of July 19, 2022 and is subject to change.
GOBankingRates Crypto Guides
This article originally appeared on GOBankingRates.com: 10 Best Web 3.0 Cryptocurrencies to Buy for 2022
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