10 Best Web 3.0 Cryptocurrencies To Buy for 2022

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Since Web 3.0 is intended to operate over decentralized protocols, which are the foundation of cryptocurrency technology and blockchain, there will be a growing relationship between these three technologies.

What is Web 3.0?

Web 3.0 is the third-generation internet, where apps and websites will process information in a much more humane way. Technologies such as big data, machine learning, and decentralized ledgers allow Web 3.0 to thrive.

Considering this, here are 10 Web 3.0 cryptocurrencies to buy in 2022.

10 Best Web 3.0 Tokens for 2022

Here’s what to consider before investing in some of the best Web 3.0 cryptocurrencies.

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1. Helium (HNT)

Helium is a decentralized network powered by blockchain for the Internet of Things, or IoT, devices using the proof-of-coverage algorithm.

Helium allows users to build a decentralized wireless infrastructure at any scale, allowing low-power devices to communicate with each other and transmit data over a network made up of nodes called hotspots, each covering a specific portion of the network. The hotspots also serve as miners. Network users who buy or build a hotspot serve both the network’s nodes and mines HNT, the native cryptocurrency of the Helium network.

The current price of HNT is $20.38 and has a market cap of approximately $2.36 billion as of April 16, 2022.

2. Chain link (LINK)

Chainlink is a decentralized network built on Ethereum that enables the creation of smart contracts based on real-world data. It can be integrated with any blockchain, which is why it has become a widely used platform for Oracle services.

Chainlink’s original coin, LINK, has seen increased demand lately, at one point beating Shiba Inu as the most traded and held cryptocurrency by the largest holders of ether.

Chainlink’s current price is $13.94 and it has a market cap of approximately $6.5 billion as of April 16, 2022.

3. Filecoin (FIL)

Filecoin is a decentralized peer-to-peer storage network where users can earn the platform’s token by renting out space on their computer’s hard drives. One of the main advantages of Filecoin is that it can store digital assets, such as art or music, behind non-replaceable tokens.

Anyone can be a storage provider in Filecoin’s network, whether you are an individual or a data center. All you need is internet access and enough disk space. The more storage space you provide to the Filecoin network, the more transaction fees and tokens you can earn.

The current price of the token is $21.64 and it has a market cap of approximately $4.19 billion as of April 16, 2022.

4. Flux (FLUX)

Flux was created to help developers create Web 3.0 applications and deploy them on different networks at the same time. It can also be used to create decentralized projects. Flux offers an oracle design with an exclusively decentralized infrastructure that allows users to access data inside and outside the chain.

The current price of flux is $1.48 and has a market cap of $342.86 million as of April 16, 2022.

5. Theta (THETA)

Theta is a decentralized blockchain network built specifically for video streaming. As a peer-to-peer network, Theta aims to facilitate the delivery of video for users, with enterprise validator nodes from Sony, Google, Samsung and other companies.

The current price of theta is $3.02, while as of April 16, 2022 it has a market cap of nearly $3.02 billion.

Good to know

In addition to these tokens, some other Web 3.0 tokens worth checking out are golum and orchid. Make sure to check the market trends and news surrounding these tokens before investing in them.

6. The Chart (GRT)

The Graph is an indexing system that can be used to organize blockchain data, which can be further filtered and queried by members. It is both a low-level blockchain indexing protocol and a high-level cryptographic ledger built on that protocol.

The current chart token price is $0.3646, while its market cap as of April 16, 2022 is approximately $1.7 billion.

7. BitTorrent (BTT)

With over 2 billion users and 200 million wallets, BitTorrent is a leading peer-to-peer file sharing platform with torrent client software for Mac, Android, Windows and more. It calls itself “the world’s largest distributed network” and provides secure streaming and download for torrent products. According to CoinMarketCap, users can upgrade to premium memberships for a fee to take advantage of benefits such as virtual private network capabilities and ad-free browsing.

The current price of the bittorrent token is $0.001824, and it has a market cap of approximately $1.8 billion as of April 16, 2022.

8. Siacoin (SC)

Sia is a peer-to-peer digital platform where users can pay hosts to rent their cloud storage space. Users’ data is encrypted in 30 segments, each uploaded to a different host.

The developer of Sia, Skynet, has several Sia-based projects in the works, including cloud-based media streaming, content delivery, and file sharing.

The current price of siacoin is $0.01068 while as of April 16, 2022 it has a market cap of approximately $541.34 million.

9. 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 with BAT, and a portion of the BAT they pay is given out to users as a reward for viewing ads. While the BAT environment protects user privacy, advertisers can target their ads to maximize their effectiveness.

The current price of a basic attention token is $0.7658 and it has a market cap of nearly $1.5 billion as of April 16, 2022.

10. Polka Dot (DOT)

Polkadot enables transfers of assets or data across blockchains. The service is not limited to tokens. Polkadot allows users to collaborate 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 — an essential feature for Web 3.0.

The current price of polkadot is $18.57 and it has a market cap of approximately $18.367 billion as of April 16, 2022.

last take

Given the advent of Web 3.0, the emergence of Web 3.0 cryptocurrencies is inevitable.

Web 3.0 is built on the concepts of greater usability, openness, and decentralization. As the proponents of these concepts increase day by day, the increased support for them could turn Web 3.0 tokens into lucrative investments. However, cryptocurrency is still a highly speculative investment. Do your homework before investing, and don’t invest money you can’t afford to lose.

Daria Uhlig contributed to the reporting for this article.

The data is correct as of April 16, 2022 and is subject to change.

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About the author

Scott Jeffries is a seasoned technology professional based in Florida. He writes on the topics of business, technology, digital marketing and personal finance.

After receiving his bachelor’s degree in Management Information Systems with a minor in Business, Scott spent 15 years in technology. He has helped Fortune 100 startups bring software products to life. When he’s not writing or building software, Scott can be found reading or spending time outside with his kids.

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