4 Best Web 3.0 Coins To Invest For Long Term In 2023 - Our Picks
Looking for Web 3.0 coins? Here’s a rundown of the 4 best Web 3.0 coins to invest in for the long term in 2023. Continue reading for a detailed review of each coin.
Uniswap - The most popular decentralized trading protocol
Ethereum Name Service - The naming protocol of DeFi
Decentraland - The go-to place for metaverse real estate plots
Filecoin - The top decentralized cloud storage provider in the market
A Closer Look At The 4 Best Web 3.0 Coins To Invest For Long Term In 2023
As blockchain and cryptocurrencies have become an integral part of our collective lexicon, Web 3.0 has slowly started to take shape, forming a firm ground within the space. Web 3.0 is the new generation of the internet. It leverages the advanced technology of blockchain to provide decentralized protocols through cryptos.
Today, the hottest topic in the crypto sphere is the rapid rise of Web 3.0 coins and their long-term momentum. These coins are here to stay and are expected to rise significantly in the coming decades. Therefore, let’s deep dive into these 4 best Web 3.0 coins worth investing in now for the long term in 2023.
Uniswap (UNI)
One of the key features of an ideal Web 3.0 coin is decentralization. And Uniswap is at the forefront of decentralized trading, being the first decentralized service provider. The platform is built on the Ethereum blockchain, allowing people to buy and sell crypto coins in a decentralized manner, eliminating the tedious process of going through a centralized exchange to gain access to the digital currency markets.
Uniswap employs a unique automated market maker (AMM) protocol. It allows individuals to directly access liquidity by assigning them as liquidity providers. This way, funds can be accessed, transferred, and swapped at a rapid pace. Thanks to its technology, UNI has marked its unique position within the booming decentralized finance (DeFi) sphere as the most prominent DeFi exchange.
Uniswap has plans to slowly set foot in the non-fungible token (NFT) trading business. It is the best Web 3.0 coin to invest in for the long term in 2023, as constant development of its network and introduction of new use cases makes UNI poised for long-term growth.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum Name Service (ENS)
One of the potential players within the Web 3.0 sphere is Ethereum Name Service. Similar to the old IP addresses of Web 2.0, ENS domains offer a much easier link between you and your customers, business partners, etc., on the Ethereum blockchain. The fact that ENS is the address system of the most popular crypto, Ethereum, itself makes it the best Web 3.0 coin to invest in for the long term in 2023.
The proposed goal of Ethereum Name Service is to make the crypto and DeFi a simpler and easy-to-access space. The platform allows new investors to create a universal nickname for all their public addresses and decentralized websites.
ENS positions itself as the naming protocol of the DeFi internet, as it creates Web 3.0 usernames that are transferable and interoperable across all blockchain networks and DeFi apps. It provides a much shorter version of your wallet address, making it easier to access. For instance, for purchasing an iPhone with cryptocurrency in the future, the ENS domain would provide human-readable names like “apple. eth”.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Decentraland (MANA)
Decentraland is the next best Web 3.0 coin to invest in now for long-term profits. It leverages Web 3.0 protocols and provides participants with a metaverse ecosystem to build, trade, and buy virtual real estate.
MANA is the native currency of the Decentraland ecosystem, using which all transactions involving NFTs are being conducted. Although MANA plunged significantly in price during the bear market of 2022, it is slowly regaining its value and price in 2023.
Celebrities, businesses, and individuals alike have been flocking to this platform to build their projects in this exciting new metaverse. Looking back at the Decentraland Metaverse Music Festival in 2022, MANA is here to stay, as the event was packed with new users, boosting Decentraland's adoption. The proposed goal of the event was to add new content to the platform, spread awareness about the platform, and attract new users, which was successful. More events and programs like this would increase the crypto’s adoption rate, pushing the price of MANA to new highs.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Filecoin (FIL)
Filecoin was created as a decentralized alternative to the server storage market dominated by the tech giants like Google, Amazon, and Microsoft. These tech behemoths have almost near monopoly on the centralized storage market, leaving users with increased charges and fewer profits. Filecoin creates a decentralized global storage network with multiple entry points, higher network security, and stronger immunity against hackers.
The crypto employs a unique Proof-of-Spacetime and Proof-of-Replication consensus mechanism in validating new blocks. The PoR mechanism eliminates data duplication, while the PoS protocol helps store the information for a specific period. With an affordable price of $5.22 now, FIL is one of the best Web 3.0 to invest in for long-term returns.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
The growth of Web 3.0 cryptocurrency projects means more opportunities for investors to earn income. However, since people have become aware that one can not turn a billionaire in the short term, these 4 Web 3.0 coins are the best to invest in for long-term returns in 2023.