There will be a growing relationship between these three technologies because Web 3.0 is designed to operate via decentralized protocols, which are the foundation blocks of cryptocurrency and blockchain technology.
Now, What is Web 3.0?
Web 3.0 refers to the third-generation internet, in which apps and websites process data in a more human-like manner. Web 3.0 will thrive thanks to technologies like big data, machine learning, and decentralized ledgers.
Web 3.0 aims for transparency, and users will be able to access an infinite amount of resources, content, and agreements. Decentralized projects that use smart contracts to automate transactions over the internet are known as Web 3.0 cryptocurrencies.
Prices and market capitalization for defi-based protocols and those supporting web3 applications are skyrocketing, and 2022 is the best time to invest in these cryptos.
As a result, we’ve compiled a list of the best Web 3.0 cryptocurrencies to invest in before the boom in 2022
With the most web3-based platforms, NFTs, and dApps hosted on its network, Ethereum remains at the top of the Defi game. It also has the smartest contracts of any decentralized network, putting it at the top of our list of top web 3.0 cryptocurrencies in India in 2022. Even though Ethereum has high gas fees and low transaction throughput, things will change once the ETH 2.0 upgrade is fully operational.
With a market capitalization of $237.41 billion as of May 2022, Ethereum is the largest altcoin and second-largest cryptocurrency.
Helium is a blockchain-based decentralized network for the Internet of Things (IoT) devices that use the proof-of-coverage algorithm.
Helium allows users to create decentralized wireless infrastructure on any scale, allowing low-power devices to communicate and transmit data over a network made up of nodes called hotspots, each of which covers a specific area.
Hotspots can also be used as miners. Users who buy or build a hotspot on the Helium network operate the network’s nodes as well as mine HNT, the Helium network’s native cryptocurrency.
HNT is currently trading at $20.38, with a market capitalization of $2.36 billion as of May 2022.
Polkadot allows any asset or data to be transferred between blockchains. Its services aren’t just for tokens. Users can interact with multiple blockchains in the native Polkadot network with Polkadot. Polkadot differs from competing networks like Ethereum in that each of these parachains is unique and autonomous, but they can communicate with one another, which is critical for Web 3.0.
As of May 2022, the current price of Polkadot is $18.57, with a market capitalization of about $18.367 billion.
BitTorrent is a leading peer-to-peer file-sharing platform with over 2 billion users and 200 million wallets, as well as torrent client software for Mac, Android, Windows, and other platforms. It bills itself as “the world’s largest distributed network” and offers secure torrent streaming and downloading.
As of May 2022, BitTorrent is ranked 211th in the top cryptocurrency list, with a market capitalization of $1.27 billion.
The Graph (GRT):
As the web3 internet grows in popularity, The Graph will become a more important part of the web3 protocol stack. For Ethereum, IPFS, POA, and other decentralized networks that host Defi and web3-based applications, The Graph is an indexing protocol for organizing and querying data.
The Graph has seen phenomenal growth of over 50% MoM since the 2020 Defi summer and is an excellent choice for top web3 cryptocurrencies in India in 2022.
As of May 2022, The Graph is ranked #52 on the top cryptocurrency list, with a market cap of $1.13 billion.
Chainlink is an Ethereum-based decentralized network that allows users to create smart contracts based on real-world data. Because it can integrate with any blockchain, it’s become a popular platform for oracle services.
Its native coin, LINK, has recently seen increased demand, and at one point surpassed Shiba Inu as the most widely traded and held cryptocurrency among Ether’s largest holders.
Chainlink is ranked #25 in the top cryptocurrency list as of May 2022, with a market capitalization of $3.28 billion.
Theta began as a decentralized video streaming platform in 2017. It allows users to access and stream high-quality video over a global network of hundreds of computers.
Theta aspires to be the next-generation entertainment and video platform, powered by its users on the blockchain. With enterprise validator nodes from Sony, Google, Samsung, and other companies, it aims to make decentralized video delivery easier for users.
With a $1.24 billion market capitalization. As of May 2022, it is ranked 47th among the top cryptocurrencies.
Filecoin is a decentralized peer-to-peer storage network where users can earn the platform’s token by renting out hard drive space. One of Filecoin’s main advantages is that it can store digital assets like art and music behind non-fungible tokens.
Anyone, whether an individual or a data centre, can be a storage provider in Filecoin’s network. All you need is a computer with an internet connection and enough disc space. You can earn more transaction fees and tokens by providing more storage to the Filecoin network.
Flux’s goal is to lay the groundwork for developers to build out this new web iteration. Users can use Flux to create Web 3.0 applications and decentralized projects, which they can then deploy across multiple networks.
FluxOS, a decentralized operating system created specifically for Flux users, makes this even more efficient. It also provides blockchain-as-a-service (BaaS), a similar service to SaaS.
The current ranking is #156, with a live market cap of $155,337,859 as of June 6, 2022.
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