Web3.0 is the new breed of the internet that aims to become the decentralized version of the virtual world. Blockchain technology is something that has been gaining heavy momentum these days. While the majority of the global populace is trying to invent new ways to invest in blockchain and crypto. Web3.0 cryptocurrencies are decentralized projects that use smart contracts and automate transactions over the internet. So, here we present a list of the top Web3 cryptocurrencies:
1. Polkadot (DOT)
Polkadot is one of the most well-known cryptocurrencies on the market. It enables transfers of any asset or data across blockchains. With Polkadot, users can interoperate with multiple blockchains in the native Polkadot network. What sets Polkadot apart from competing networks, such as Ethereum, is that these parachains are unique and independent, but they can communicate with each other — a vital function for Web 3.0.
The current price of polkadot is $18.57, and it has a market cap of about $18.367 billion as of April 16, 2022.
One of the most special areas where it is speculated to show progress is the internet. Web3 is about to emerge as the cornerstone of something bigger than the tech industry ever imagined.
2. Helium (HNT)
Helium is a decentralized network powered by blockchain for the Internet of Things, or IoT, devices using the proof-of-coverage algorithm. It uses a global network of low-energy wireless hotspots to broadcast data through radio waves stored on the blockchain. The hotspots also serve as miners. Network users who buy or build a hotspot both operate the network’s nodes and mine HNT, which is the Helium network’s native cryptocurrency.
The current price of HNT is $20.38, and it has a market cap of around $2.36 billion as of April 16, 2022.
3. Chainlink (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. The best part: Chainlink possesses an excellent community. Therefore, many crypto investors prefer Chainlink over other cryptocurrencies.
Chainlink’s current price is $13.94, and it has a market cap of about $6.5 billion as of April 16, 2022.
4. Filecoin (FIL)
Filecoin is like the filing cabinet for Web3 It is a decentralized storage network that serves as a secure alternative to centralized cloud storage and a passive way of making money. Filecoin can be used to store almost any type of data, be it audio files, videos, still images, or text. It also claims to be secure enough to store more sensitive information like private company information and records. It is one of the top web3 cryptocurrencies that you can prefer to buy before it gets over boom.
Anyone can be a storage provider in Filecoin’s network, whether you’re 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 token’s current price is $21.64, and it has a market cap of about $4.19 billion as of April 16, 2022.
5. Flux (FLUX)
Flux aims to provide the groundwork for the developers to build out this new iteration of the web. With the help of Flux, users can develop Web3 applications and decentralized projects. Then deploy them across various networks. This becomes especially efficient with the help of FluxOS- a decentralized operating system made just for Flux users. It also offers blockchain-as-a-service (BaaS), which is very similar to SaaS.
The current price of flux is $1.48, and it has a market cap of $342.86 million as of April 16, 2022.
6. Theta (THETA)
Theta targets to be the next-generation entertainment and video that’s blockchain-powered by its users. It facilitates the delivery of decentralized video for users, with enterprise validator nodes from Sony, Google, Samsung, Sony and other companies.
The current price of theta is $3.02, while it has a market cap of nearly $3.02 billion as of April 16, 2022.
7. The Graph (GRT)
The Graph is an indexing system that can be used to organize blockchain data, which can further be filtered and queried by members. It is both a low-level blockchain indexing protocol and a high-level cryptographic ledger built upon that protocol.
The current price of the graph token is $0.3646, while the market cap is around $1.7 billion as of April 16, 2022.
8. BitTorrent (BTT)
With more than 2 billion users and 200 million wallets, BitTorrent is a leading peer-to-peer file-sharing platform that has torrent client software for Mac, Android, Windows and more. It touts itself as “the world’s biggest distributed network” and provides secure streaming and downloading for torrent products. For a fee, users can upgrade to premium memberships to take advantage of perks like virtual private network capabilities and ad-free browsing, according to CoinMarketCap.
The current price of the bittorrent token is $0.001824, and it has a market cap of about $1.8 billion as of April 16, 2022.
9. Siacoin (SC)
Sia is a peer-to-peer digital platform where users can pay hosts to rent their cloud storage space. The users’ data is encrypted in 30 segments, each of which is uploaded to a different host.
The current price of siacoin is $0.01068, while it has a market cap of around $541.34 million as of April 16, 2022.
10. 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 some of the BAT they pay is distributed to users as a reward for viewing ads. Although the BAT environment protects users’ privacy, advertisers can target their ads to maximize their effectiveness.
The current price of basic attention token is $0.7658, and it has a market cap of almost $1.5 billion as of April 16, 2022.
Audius is a decentralized music streaming platform that aligns the interest of artists, fans, and node operators with its native token, AUDIO. The token can be used for governance, staking, and incentivizing artists’ earnings. Audius also rewards its creators by featuring their music in the weekly trending lists.
12. ZCash (ZEC)
ZCash is one of the first privacy-built cryptocurrencies, which was created by a consortium of scientists from John Hopkins, MIT, and other prestigious organizations as one of the first privacy-focused cryptocurrencies. Surprisingly, this privacy coin was based on the Bitcoin core, except that it includes a privacy feature.
Livepeer is a decentralized video streaming network built on the Ethereum blockchain. It is the secure and most cost-effective participation of the various actors in the streaming ecosystem. It mainly addresses two goals-distribution of real-time video and encouraging network participation. It is one of the top web 3.0 cryptocurrencies that you can prefer to buy before it gets boom in 2022.
Kadena is a scalable PoW layer-one blockchain protocol that is stated to be capable of processing up to 480,000 transactions per second (TPS), thanks to the use of branded chains. Unlike the top PoW cryptocurrency Bitcoin, Kadena offers smart contract capabilities similar to those in Ethereum.
Investing in Kusama is like taking a detour via Polkadot and is set to carry out due to its proven records for the success of parachains. Just like DOT, developers compete to get a spot on the Kusama network through parachain auctions. Experts consider Kusama a profitable short-term investment as the network is older and stronger.
Considering the advent of Web3, the rise of cryptocurrencies is inevitable.
Web3 is built on the concepts of greater utility, openness and decentralization. Since the proponents of these concepts are increasing with every passing day, the higher support for them could result in Web3 tokens becoming lucrative investments. However, cryptocurrency is still a highly speculative investment.