Cryptocurrency, Blockchain and Web 3.0 were the terms that were nothing less than buzzwords a decade back. Now that we are halfway through 2022 already, we realize that Cryptocurrency and the related concepts have slowly touched our lives, slightly if not prominently. We are to see a growing interrelationship between crypto, blockchain and Web 3.0 technologies owing to their decentralized protocols. Further, Web 3.0 will emerge magnanimously impressive, something that the tech industry never imagined it to be. Considering Web 3.0 cryptocurrencies will indefinitely boom in 2022 and years later, it is perhaps time for you to gather every bit and piece of knowledge to make smart investment plans. Through this blog, we bring you the list of the 10 best Web 3.0 crypto to invest in in 2022.
In the simplest terms, web 3.0 is the third generation Internet. It enables websites and applications to process information in a smart human way. Web 3.0 operates through decentralized protocols, unlike web 2.0 where data is stored in centralized repositories. This would bring transparency and allow users to collaborate intelligently without worrying about data being gathered at central repositories. Web 3.0 is powered and enriched by technologies like machine learning, big data and decentralized ledgers. And from what it seems like, semantic web and Artificial Intelligence would prove themselves to be the cornerstone of Web 3.0 Technologies. A prominent part of the Global population is finding ways to invest better in Web 3.0, Blockchain and Crypto, which is surely a smart move for someone who wishes to be ahead of the curve.
The foundation of blockchain and Cryptocurrency is a decentralized network, and the fact that web 3.0 operate through a decentralized protocol, tells us about the strong convergence between these 3 technologies. Web 3.0 operates through smart contracts and will emerge as a cornerstone of something profound. Together these 3 technologies would create an interoperable and seamlessly integrated environment, exploring new digital realms of the 21st century.
So let's move forward and explore the 7 best Web 3.0 crypto coins in 2022.
Helium is a decentralized cryptocurrency that broadcasts data by utilizing a global network of low-energy wireless hotspots by recording it in Blockchain. The hotspots are validated using an algorithm called proof-of-coverage to ensure legitimate wireless coverage. The network users building and buying the hotspot serve as miners and operate the network nodes. The resulting HNT is called Helium Network's native cryptocurrency.
In short, HNT is powered by a blockchain network for IoT devices that transfers device data by providing and validating wireless coverage. The price of HNT web 3.0 crypto is nearly 20$. The market cap of HNT is 2.36 Billion dollars and offers promising growth.
2. Chainlink
With a market cap of 6.5 Billion dollars, chainlink's nearby price is 14$. Chainlink enables the creation of smart contracts and is built on Ethereum. This decentralized network has a blockchain abstraction layer using which smart contracts are created on real-world data. This blockchain technology offers an ideal project combination by placing the right technology with it. Chainlink offers ample resources for further project developments, making it the attractive and top web 3.0 crypto to invest in. Chainlink can integrate with any blockchain, making it the most versatile and prominent platform for oracle services.
The demand for chainlink's native coin Link has increased tremendously recently and at one point was the widely traded cryptocurrency by Ether holders.
3. Filecoin
The concept of Filecoin Web 3.0 crypto is based on renting space. This peer-to-peer storage network is decentralized and is a secure alternative to centralized cloud storage. An individual can earn tokens on Filecoin by renting space on their computer's hard drive. There is no limit to how much storage an individual can provide. The more storage you offer, the more tokens can be generated by you.
Filecoin can store any kind of data behind non-fungible tokens, ranging from texts to video files. It is claimed to be the most secured decentralized storage network that can store extremely sensitive information without the worry of someone spying over your data. Make money by renting out your storage space and investing in Filecoin before the prices see an expected hike in nearby months.
4. Flux
With a market cap of 342 million dollars, flux offers Blockchain-as-a-service. With the help of flux, developers can create and deploy web 3.0 applications on multiple networks at the same time. The decentralized infrastructure of Flux, allows the user to access the data on and off-chain along with its oracle design. It's indeed amongst the most lucrative cryptos to invest in 2022.
5. Theta
This decentralized blockchain network is focused on video streaming and next-generation entertainment. Theta has enterprise validator nodes from Sony, Google, Samsung and other leading companies and has a market cap of 3.02 billion dollars. We can expect a lot from Theta as it moves forth to deliver decentralized videos for users.
6. ZCash
This is the first web 3.0 crypto that is privacy built. It was earlier built on the bitcoin codebase, however, it stood apart with its privacy feature option.
7.SiaCoin
SiaCoin has a market cap of 541 million dollars and the company has multiple sia based projects in the pipeline. It is a peer-to-peer digital platform where the users rent their cloud storage by paying the host. The data is encrypted in 30 segments, and each of these segments is individually uploaded to different hosts. This web 3.0 crypto coin is expected to see a prolific rise in nearby future.
Looking for more web 3.0 cryptos to invest in? BitTorrent, The Graph, PolkaDot, Livepeer, and Kadena are amongst the web 3.0 blockchain cryptos that offer promising growth. Regardless of what you pick, it is without a flicker of doubt we can establish that Web 3.0 is going to revolutionize the crypto market further.
