These Web 3.0 cryptocurrencies could be ready to make new highs this year
The term Web3 was coined by Ethereum co-founder and Polkadot founder - Gavin Wood - in 2014. And for the next few years, a number of blockchain developers created multiple web3-focused crypto projects.
It, however, wasn’t until 2021 that the web3 debate took off, with the likes of The New York Times referring to it as “the future of the internet.” This discussion has turned into an investment rage and spilled into 2023.
What will be the next web 3.0 cryptocurrency to explode? Well, several web3-focused crypto coins performed exemplarity well in the past. As we head into 2023 and further the web3 debate, we expect these coins to outdo their 2021 performance.
In this post, we have analyzed the crypto market and identified the seven best web3 crypto coins to buy in 2023.
7 Next Web 3.0 Cryptocurrencies To Explode In 2023?
Here are the web3 altcoins we believe will post the most visible gains in 2023.
1. Ethereum (ETH)
Ethereum is the second most valuable cryptocurrency, with a $423 Billion Market cap. The Ethereum network is also home to the largest concentration of Web3 projects and their native altcoins. These include NFT marketplaces, crypto gaming ecosystems, metaverses, DApps, and DeFi.
Over the last few years, these web3 projects have played a critical role in advancing ETH’s price and market share. Heading into 2023, the general feeling is that the web3 debate will be all the rave.
As this popularity helps spur value gain for the connected altcoins, it will most likely spill over to ETH and spark a price run for the crypto asset. And this makes ETH one of the best web3 crypto coins to buy today.
Read Our Ethereum (ETH) Price Predictions.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Filecoin (FIL)
Filecoin is the incentive layer for the all-popular Interplanetary File System - both of which were created by Juan Benet. Its mainnet went live in 2020, and it seeks to revolutionize how we store data online.
FIL coin has, however, been trading in the open markets since 2017 and hit an all-time high at the height of the web3 debate and crypto market rally in 2021.
The altcoin has enjoyed wide reception from the larger crypto community to date. And this is evidenced by the fast-paced growth of the Filecoin community, its listing with some of the most popular exchanges, and uptrending daily trade volumes and market cap.o
As the web3 concept takes shape in 2023, we expect Filecoin to draw more interest from the investor community, which will help catapult its price to new heights.
Read Our Filecoin (FIL) Price Predictions.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Theta Network (THETA)
Theta Network is a blockchain-based network designed to facilitate video streaming. It allows you to commercialize your computerized devices’ unused storage and computing power.n It launched in 2019 and has already grabbed the attention of big tech companies like Google, Samsung, and Sony, who form part of its validators.
With the growing demand for computing power, especially with the heightened work-from-home global trend, investor and user interest in Theta has skyrocketed. And they have helped THETA morph into one of these fastest-growing web 3.0 projects with a market cap of $4 Billion and ROI exceeding 2500%.
These factors are expected to continue fueling Theta Network’s value gain throughout 2023 and beyond, making THETA worth buying today.
Read Our Theta Price Predictions.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
4. The Graph (GRT)
The Graph promises to be one of the most valuable projects for the web3 ecosystem. It provides an indexing protocol that web3 developers can use to guarantee the security and integrity of their data. It currently is hosted on Ethereum but hopes to develop an indexer for virtually all web3 focused blockchains.
It launched in the last quarter of 2020 and received an overwhelming welcome that saw GRT token prices gain 1100%+ in two months. It has also amassed a market cap of more than $2.4 Billion, its crypto community is growing fast, and it is onboarding curators and indexer nodes at an unearthly speed.
These, the recovering crypto market, and further developments on The Graph have the community convinced that GRT is one of the best web3 coins to buy in 2023.
Read Our The Graph (GRT) Price Predictions.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
5. Polkadot (DOT)
Polkadot is a multi-chain protocol developed by Gavin Wood and maintained by the Web3 Foundation. The crypto project seeks to facilitate interoperability in the cryptoverse by facilitating the cross-chain transfer of data and crypto assets between different web3 ecosystems.
The network is barely two years old, and it has already made it to the top 10 most valuable crypto projects with a peak market cap of $53 Billion. It has also become one of the most talked-about cryptos concerning interoperability and has attracted a large crypto community around this brand. Not to mention that it is one of the most traded web3 projects with daily trade volumes exceeding $1 Billion.
In 2023, we expect more popular blockchains to embrace its parachain technology. We also hope its involvement in the metaverse, NFT, and crypto gaming hypes to play a vital role in thrusting its token prices to unprecedented heights.
Read Our Polkadot (DOT) Price Predictions.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
6. Basic Attention Token (BAT)
Basic Attention Token is the native token for a blockchain-based advertising protocol. It seeks to revolutionize digital marketing by rewarding users for their attention while guaranteeing higher ROI for advertisers. It is currently domiciled on the Brave Browser, which rewards users with BAT tokens when watching ads.
The fact it speaks it lets users customize the ads presented to them, guarantees privacy by blocking trackers, and pays them for viewing ads has endeared it to users. This explains why Brave has consistently doubled its user base year-on-year since its launch in 2016 to reach 50+ million today. It also explains how it accumulated a $1.3+ Billion market cap to become the 75th most valuable crypto project.
In 2023 BAT expects to double its current user base to 100 million. This, plus a recovering crypto market and increased focus on web3 projects, are expected to push BAT to new highs. We must add that its moderate supply of 1.5 billion BATs and sub-$1 price allow it to 10X with ease.
Read Our Basic Attention Token (BAT) Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
7. Chainlink (LINK)
Chainlink joins the growing list of web3 projects seeking to accelerate the rate of adoption of the web3 technology. It, however, is unique as it is one of the first and few networks to allow for the use of off-chain data to create smart contracts. And it achieves this through the Oracle network.
The blockchain was created in 2017 by Sergey Nazarov, and it has since become one of the most popular crypto projects. Its community support has blown up, and so has its price and market cap. Today, the LINK token is 11000%+ above its introductory price and has amassed an $8 Billion market cap to make it the 23rd most valuable crypto project.
Over the next few months, Chainlink hopes to speed up such in-network developments as the launch of the staking option. This and the adoption of Chainlink oracles by more web3 projects are expected to drive the coin’s popularity and price higher. Coupled with a recovering crypto market, these push LINK high up on the list of most viable buys for 2023.
Read Our Chainlink (LINK) Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Should You Invest In The Next Web 3.0 Cryptocurrency To Explode?
Looking at the debate around web 3.0 and hype about web3 crypto in the last half of 2021 and so far in 2022, it is easy to imagine this will be the next big thing. You even start researching the best web3 crypto coins to buy.
If you are right about both the predictions of a web3 crypto rally and your choices of potential coins, you will make incredible returns. But even then, as was with the ICO and meme coin frenzies before it, there is no telling how long the crypto community’s fascination with web3 will last.
There nevertheless are two things you could do to protect yourself and your portfolio, whether the much-anticipated web3 wave lands or not. First, remember to always take profits. And secondly, perhaps more importantly, keep your expectations at a minimum and only invest what you are willing to lose.
eToro – The Best Platform To Buy Web 3.0 Coins
Open an account with eToro, deposit some funds with USD, and finally – buy Web 3.0 coins for just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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