Cryptocurrencies That Will Dominate in Web 3.0

Cryptocurrencies to Look Out for in the Web 3.0 Era

1. Smart Contracts- Ethereum

In general, it can be argued that Ethereum is the best Web 3 cryptocurrency to buy and hold forever. Because it lies at the heart of the Web3 ecosystem. That includes a wide range of decentralized financial networks, decentralized apps, and Metaverse coins. The Ethereum network is also one of the advantages of moving to Web3. Because it allows anyone to create and deploy smart contracts. And is home to the smartest-contract agreements of any crypto project. Ethereum, launched in 2015, also benefits from being the second-largest crypto coin in terms of market capitalization.

2. Internet of Things (IoT)- Helium (HNT)

Helium is a decentralized blockchain-powered network for the Internet of Things devices and uses the proof-of-coverage algorithm. Helium uses a global network of low-energy wireless hotspots to transmit data via electromagnetic waves. The proof-of-coverage mechanism validates whether the hotspots are providing legitimate wireless coverage. Users who buy or create hotspots, other than operating the nodes of the network. They can mine HNT, the native cryptocurrency of the Helium Network.

3. Decentralised Storage- Filecoin (FIL)

Filecoin is the filing cabinet for Web3; users can earn the platform’s native token, FIL, by renting out storage space on their computer hard drives, and converting artistic digital assets to NFTs. Both individuals or data centers can be the storage providers on Filecoin. One can earn transaction fees by simply providing storage space. Filecoin occupies the third spot in the list of top web 3.0 crypto coins in terms of price, according to coinmarketcap, with a price of $7.9 at press time.

4. Video Streaming- Theta (THETA)

Theta is a video streaming-based decentralized network that involves hundreds of interconnected nodes worldwide. Launched in 2017 by Mitch Liu and Ge Long. Theta largely targets video streamers. Including enterprise validator nodes from partners such as NASA, Lionsgate, MGM, and Sony.

5. Indexing- The Graph (GRT)

The graph is a system of indexing that can organize data on the blockchain. and allows users to query and filter results. Not only is The Graph a low-level blockchain indexing protocol, but a high-level cryptographic ledger as well.

6. File Sharing- BitTorrent (BTT)

BitTorrent is the first torrent tracker in addition to being the world’s most potent peer-to-peer network. It operates by splitting large files into pieces, transmitting them over the Internet in this fragmented form, and then merging the pieces into a complete file on the recipient's computer. BitTorrent has torrent client software compatible with Mac, Windows, and Android. which describes itself as the "world's largest distributed network". Anyone who downloads a file from the BitTorrent network automatically becomes part of the distribution. Additional features are available at a fee for users, such as VPN capabilities and ad-free browsing.

7. Digital Advertising- Basic Attention Token (BAT)

Unlike the present form of digital marketing, where internet users are bombarded with advertisements. Most of which may be irrelevant. Basic Attention Token wants to allow users to earn revenue in the form of cryptocurrency for viewing ads while browsing their favorite websites. And works on Brave Browser. Most importantly, these ads are relevant in the context of the products and services that are relevant to the users. From the point of view of digital marketing agencies, it is a more efficient use of money.

8. Cross-Chain Data Transmission- Polkadot (DOT)

Polkadot helps merchants' assets or data across different blockchains inclusive of digital tokens. Users can interoperate multiple blockchains utilizing the native Polkadot network. Most importantly and as a distinction from other projects like Ethereum, Polkadot operates the park chain independently. However, they communicate seamlessly, which is the essence of Web3.

Compared to Ethereum blockchain ranks higher in terms of charging lower fees and providing faster speeds. Due to this top-ranking position and its gradually increasing market cap, Polkadot's native coin could emerge as the market leader in the DOT decentralized internet space. Polkadot (DOT) currently sits at the top of the web 3.0 crypto price list, with a price of $10.30.

9. Exchange- Uniswap

Uniswap is the largest decentralized exchange for spot-market cryptocurrency trading. Which will embed its capabilities in any website to expand its growth. This code is known as the ‘swap-widget’ and will enable OpenSea users to swap various tokens without leaving the website. Uniswap's COO Marie-Katherine Leder reiterated Uniswap's commitment to value exchange. Because it is necessary for web3, saying that for their development, the whole market has to grow.

Wrapping Up

Web 3.0 has become the hottest topic within the crypto space lately. Hence, it is clear that the major players in the industry are eyeing massive opportunities. who present themselves in this fast-paced crypto landscape. If you are planning to invest in major web 3.0 projects. So this article listing the top cryptocurrencies from the web 3.0 space will surely come in handy for you.