The decentralized web, or Web 3.0 crypto currencies, are digital assets that will drive the next iteration of the internet. They are based on blockchain technology. Web 3.0 aims to build an Internet that is less centralized, more transparent, and focused on the users, in contrast to Web 2.0's centralized platforms and services. Decentralized apps (dApps), smart contracts, and intermediary-free digital transactions are made possible by Web 3.0 crypto currencies, which play an essential role in this ecosystem.
By using the irreversible and secure characteristics of blockchain, these currencies provide users with more privacy, more control over their data, and new ways to engage online. Web 3.0 cryptocurrency currencies like Polkadot (DOT), Filecoin (FIL), and Solana (SOL) are helping to build a decentralized and user-powered internet.
In2024, What Makes Web3 Crypto Coins a Good Investment?
There are a number of reasons why investing in Web3 cryptocurrency in 2024 can be a wise decision. Let me explain:
Possibility for Innovation: Web3 currencies, with their decentralized and censorship-resistant features, herald the next stage of the internet's development. Those who put their money into this venture today may be the first to use innovative tools and services in the future.
New use cases and applications appear constantly, and Web3 projects are growing quickly, so there are plenty of opportunities for growth. As these initiatives develop and become more widely used, early investments might result in substantial development.
Web3 coins are an alternative investment option to more conventional assets like equities and bonds that may help spread out your portfolio's risk.
industry Potential: There is a lot of space for development in the Web3 industry, which is still in its early phases. If you invest today, you may be able to benefit from the market's expansion in the future.
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 develop by investing in Web3 currencies.
As a result of their decentralized design and restricted quantity, some Web3 currencies, such as decentralized stablecoins, provide protection against inflation.
In sum, purchasing Web3 cryptocurrency in 2024 may prove to be a visionary decision, providing access to cutting-edge technology and the possibility of substantial profits.
1. Chainlink (Link)
With a market worth of $3.3 billion, Chainlink is the 22nd largest cryptocurrency by market cap, and 47% of its tokens are already available for trade.
Chainlink is a decentralized network of oracles that allows smart contracts to transfer data across several blockchains. The overarching goal of the project is to improve smart contract functioning via the integration of real-world data. The role of an oracle is to connect decentralized systems with data stored in the real world.
Among the assets held by the Grayscale fund are Link tokens. With short-term predictions pointing to a price range of $73-114 per token, and long-term investors possibly seeing values topping $525, the token's present pricing appears encouraging.
2. Filecoin (FIL)
With a market valuation of $1.6 billion, Filecoin is the 38th most valuable coin in the world.
Filecoin is a decentralized network that uses a peer-to-peer architecture that is specifically designed for storing files. In addition to buying, selling, and renting virtual space, users may also receive FIL coins as a reward. As a project with promising history and ongoing growth, Filecoin is definitely worth keeping an eye on.
Although it is difficult to foretell the currency's future worth, it has before peaked at $200 per coin. You can get it for less than $7 right now.
3. NABOX
A cross-chain DID application that was developed for Web3 is called Nabox.
Nabox allows you to manage assets across several blockchains, including DeFi, GameFi, NFTs, and any other use cases that may arise in the future. In the universe of several chains, Nabox serves as your entry point. An asymmetric cryptographic technique serves as the foundation for Nabox's digital identity information (DID). When it comes to managing assets and data across many blockchains, users make use of the same set of keys and public keys together.
SwapBox is a decentralized exchange that brings together popular DEXs in order to provide customers asset trading and asset cross-chain exchange, as well as to intelligently discover the most advantageous exchange method.
If you would like to know where to buy Nabox at the current rate, the top cryptocurrency exchanges for trading in Nabox stock are currently MEXC, CoinEx, PancakeSwap v3 (BSC), and ApeSwap (BSC). You can find others listed on our crypto exchanges page.
4. HNT, or Helium Network
The people's network, or HNT, is a decentralized wireless network that is the focus of a new cryptocurrency initiative. The project's wireless access points are dispersed and provide wide-area coverage. It uses the Proof of Coverage consensus process and pays out HNT coin to those who take part. With more than 300,000 access points, Helium Network is one of the biggest IoT networks.
There are a number of ways for investors to purchase the cryptocurrency:
Shop on a marketplace.
Whether you're at home or the workplace, you may purchase and set up a mining gadget to earn money.
Clients of Dish may take use of Helium's network thanks to the cooperation that was established last year. Rapid price appreciation of HNT after announcement of cooperation on May 1, 2021, suggests possible future price hikes should the network continue to form partnerships with additional corporations.
The cryptocurrency has a market valuation of over $1.2 billion and is trading between $8 and $12 at the moment. There will be a maximum of 223,000,000 HNT in circulation, with 54,000,000,000 HNT now in circulation.
5. TFuel
One component of the Theta Fuel project is a platform for streaming videos that rewards users for contributing computer power and bandwidth. Like YouTube was in 2005, Theta's co-founder Steve Chen thinks it will shake up the internet video business. Theta takes on the problem of efficiently distributing material to different regions of the globe while maintaining a commitment to offering all customers high-quality streaming video.
As the medium of exchange for users to pool their bandwidth and computer resources, the Tfuel token is an integral part of the ecosystem. And then there's Theta, a different token that's crucial for running the platform.
Thanks to the platform's open-source nature, 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 will be worthwhile to keep a watch on Ocean Protocol over the next year or two since it provides the tools needed to create Web3 apps. The protocol guarantees complete openness and transparency in data collecting and use by decentralizing data interchange and access. Growth and improvement are constant processes in the ecosystem, which is always evolving.
Token distribution has been thoughtfully executed by the founders with the aim of encouraging the asset's long-term stability and increase in value.
The asset's current trading range is $0.2 to $0.3. There are a total of 613,000,000 tokens in circulation, with a maximum supply of 1,410,000,000.
7. Chromia (CHR)
As an alternative to conventional smart contracts, Chromia, a relational blockchain that debuted in 2019, aims to speed up the process of creating and launching blockchain-based companies. For novice developers, the platform's SDK makes deploying decentralized application (dApp) apps easy and straightforward. Notably, the Chromia platform supported the development of successful cryptocurrency games like Mines of Dalarnia and My Neighbor Alice, which were valued at a total of $130 million.
Chromia is an innovative system whose ecology is always changing. The CHR currency is undervalued by investors interested in Metaverse systems, even though it is ranked on Web3's top coins for 2023. This asset need regular monitoring as the platform continues to see an influx of applications and games.
8. WAX
After its release at the tail end of 2017, the WAX blockchain quickly rose to prominence as a leading option for both the GameFi industry and Metaverse cryptocurrency. WAX, which stands for "Worldwide Asset eXchangeTM," is an excellent choice for initiatives that include the metaverse and must adhere to regulations. The Delegated Proof of Stake (DPoS) consensus method powers its cheap gas prices and great transaction throughput. The WAX blockchain uses CPU, RAM, and NET resources to pay for transactions.
In the same vein as Chromia, WAX is a 2022–2023 must-have due to its intuitive design. Many well-known games and projects are hosted on the platform, which shows that the WAXP token has great potential in the long run.
9. Atom and the Cosmos
One innovative initiative, Cosmos, has brought together rival Web3 cryptocurrency systems. To keep the Web 3.0 ecosystem running smoothly and providing answers to actual issues, this is essential. For data to flow freely across blockchain networks, interoperability is a must, and Cosmos takes care of that.
As an example, Bitcoin and Ethereum cannot directly exchange data as they are distinct projects operating on different blockchains. Cosmos addresses this issue by facilitating communication between all blockchain networks and any coin. Having Atom, Cosmos's cryptocurrency, in a portfolio is a smart move. Atom, which peaked at $44 per coin, is now 30-th ranked on CoinMarketCap and trades between $8 and $6. Between five and seven dollars per asset is seen to be the sweet spot for long-term keeping.
10. Mana, Decentraland
The virtual reality metaverse Decentraland uses the coin Mana. A one-of-a-kind chance to be a part of the rise of Web3 virtual worlds is available to those who invest in Mana. The goal of Decentraland is to unite the physical and virtual worlds by letting users own virtual land, construct buildings on it, and participate in a variety of activities.
Various types of real estate, such as retail centers, apartments, residences, and casinos, may be developed after users have virtual land. You may turn these homes into cold, hard cash by renting them out. Decentraland has seen the sale of many multi-million dollar real estate developments since its debut.
The performance of the Mana coin inside the Web 3.0 blockchain environment is highly respected. Mana was worth over three cents when it was first introduced in 2017. The five years that followed saw a meteoric rise in price, reaching $5.9. The current price of Mana is 80 cents.