The world we live in is highly internet-dependent. Since its invention, the internet of things has continued to be the most disruptive technology to humans’ way of life. Come in blockchain technology, and the world is on the brink of another disruptive technology that will span decades. Having already disrupted several industries and operations, blockchain technology is being adapted to the internet of things to drive its next evolution.
Version 2.0 of the web made it more sociable, and the world became a global village, but with the resources to facilitate this under a few management. Web 3.0 runs on blockchain technology, resulting in the decentralized internet of things. The result will be a highly user-specific web platform that is more secure and transparent while enhancing privacy.
While Web 2.0 gave us the current global billionaires, Dorsey, Bezos, and Zuckerberg, to name a few, Web 3.0 is still in its infancy, making it a prime investment space. With the major cryptocurrencies already quite expensive to obtain, the following five Web 3.0 cryptos expose investors to the next web-world evolution.
What is Web 3.0 crypto?
Web 3.0 is a web-based platform utilizing blockchain technology, with the sole purpose of making the internet decentralized to allow for unlimited content availability. Therefore, Web 3.0 cryptos refer to the smart contracts and DeFi systems for utilization on this internet platform as the primary currencies.
Why invest in Web 3.0 cryptos?
Bitcoin might have been the single largest contributor to the popularity of cryptocurrencies and blockchain technology, but the world has evolved enough to understand the merits of utilizing blockchains. Adopting blockchain technology to the internet of things is the next tech frontier. With the disruptive nature of both these two technologies, Web 3.0 can churn out more billionaires than Web 2.0.
Top 5 Web 3.0 crypto to plow money into in 2022
The tech world through blockchain adoption has accelerated Web 3.0 timelines, and with the latter expected to be a huge hit, the Web 3.0 cryptocurrencies below are the top choices for investment.
No. 1. Flux (FLUX)
Market capitalization: 380.97 M
Flux brings together the best of three worlds, cloud computing, blockchain technology, and the internet of things. It is a scalable decentralized cloud computing solution that has set itself up as the base for the new web iteration. Flux platform is an open-source blockchain technology fully owned and run by its community participants, who earn additional cryptocurrencies through paid apps’ hosting and paid partnerships. Despite still tunning the unpopular proof-of-work protocol, its decentralized operating system that links all its users, FluxOS has made it a popular platform for DApp creators and users-already hosts Oracle services for data aggregation.
FLUX currently has a 24-hour trading volume of approximately $23.66 million. It has a market cap of $380.97 million, with approximately 226.77 million coins in circulation out of a total maximum supply of 440 million coins.
No. 2. Ocean Protocol (OCEAN)
Market capitalization: $357.20 M
What if you could securely monetize your data? Ocean protocol makes this dream a reality. Through its ERC-20 data tokens, this blockchain technology facilitates unlocking individual and corporate data for monetization purposes. Therefore, it empowers users by having data owners earn a living and access otherwise unattainable data. “Knowledge is power,” and through the Ocean’s protocol, the global has access to reliable information for a fraction of the fees if attained via any other avenue and in a much more secure way.
OCEAN currently has a 24-hour trading volume of $39.44 million. It has a market cap of $357.28 million, with approximately 613.10 million coins in circulation out of a total available supply of 1.4 billion coins.
No. 3. Polkadot (DOT)
Polkadot is one of the most popular cryptocurrencies, but many don’t know that it is a Web 3.0 crypto. This blockchain technology facilitates the interoperability of different blockchains by utilizing an open-source, sharded multi-chain protocol. The result is a highly flexible, adaptive, and scalable blockchain technology that allows a seamless but secure internet-based sharing platform. In addition, all token holders in the Polkadot universe have a say in running this ecosystem.
DOT currently has a 24-hour trading volume of $960.34 million, with a market cap of $18.46 billion. Of the total available coin supply of 1.1 billion coins, 987.58 million coins are already in supply.
No. 4. Helium (HNT)
Market capitalization: 2.90 B
Internet and internet sharing have almost reached all corners of the globe but are still quite expensive. Trying to cut this cost as much as possible through blockchain utilization is Helium technology. It is a network-powered decentralized blockchain technology for all devices using the internet. Running a POC, proof-of-coverage protocol, Helium allows the building of wireless infrastructure at scale with minimal cost implications. Helium has already tapped into the 5G network space with considerable success, showing the community’s adaptiveness, an attribute needed in the highly dynamic technology field.
HNT currently has a 24-hour trading volume of $58.30 million. It has a market cap of $2.90 billion, with approximately 110.86 million coins in circulation out of a total available supply of 223 million coins.
No. 5. Theta Networks (THETA)
Market capitalization: $3.65 B
From the advisory desk of YouTube and Twitch founders, Theta Network is here to disrupt the traditional entertainment industry. It is a blockchain-powered streaming platform that allows for peer-to-peer sharing of computing resources and bandwidth.
In addition to decentralizing video streaming, Theta aims to improve edge computing and data delivery to ensure enhanced efficiency, reduced costs, and fairness to its content creators. Theta network is in pole position to leap significant rewards with the increasing popularity of streaming services. Couple this to earnings for all Theta ecosystem participants, and this Web 3.0 crypto might be the golden goose for the next internet of things evolution.
THETA currently has a 24-hour trading volume of $405.32 million. It has a market cap of $3.65 billion, with all of its 1 billion minable coins already in circulation.
Can you imagine a world with the internet of things and smart devices? Not! Web 2.0 technology has been highly dependent on technology, but Web 3.0 will exponentially integrate smart devices into every facet of our lives. With a highly customizable and personalized browsing experience and an empowered user with absolute control over their browsing needs, the richer internet experience and even smarter devices will take the world by storm. The Web 3.0 crypto coins above have already shown significant upside potential. With the reality of Web 3.0 knocking on our doors, the projects on which these coins are based are offering everyday solutions making them ideal money plowing the ground in 2022.