Top 5 Web3 Cryptocurrencies To Buy In 2023 - Our Picks
Here’s a rundown of the top 5 Web 2 cryptos to buy in 2023. Find a detailed description of each coin in the next section.
Ocean - The crypto is a pioneer within the Web 3.0 data economy.
Argon - The crypto’s adoption will only increase as Web3 grows.
Flux - One of the best Web3 coins with massive upside potential.
Helium - Helium is building a global data network.
The Graph Protocol - A must-buy crypto in 2023.
A Closer Look At The Top 5 Web3 Cryptocurrencies To Buy In 2023
Web 2.0 provides an exchange of information via intermediaries, while Web 3.0 facilitates a trustless exchange of value between users. It is an innovative and new hybrid concept of the internet that aims to become the decentralized version of the virtual world.
Web 3.0 crypto coins are blockchain projects that play a key role in the decentralization of the internet. If you are planning to add new cryptos to your investment portfolio, then these top 5 Web3 cryptocurrencies are your best buy in 2023. Let’s see why.
Ocean (OCEAN)
Ocean Protocol is a pioneer of Web3 coins. The protocol has developed numerous tools required to develop Web3 applications. It plays as a middle ground for data consumers and providers to meet and transact. All the data providers have the power to put a price on their data, while consumers get a central place to access whatever data they require.
OCEAN, the protocol’s native cryptocurrency, has seen a major plunge in its price in the 2022 bear market. But after a big correction, OCEAN again rose to new highs in December, thanks to its listing on the Thai cryptocurrency exchange Bitkub.
The protocol thus aims to unlock data and aims to bridge the gap between blockchain technology and data scientists. The crypto has gained the attention of several investors across the globe and also got featured in leading news outlets like BBC, New York Times, and Forbes. Cypher Capital recently invested $5 million in the Ocean protocol, making OCEAN one of the top Web3 cryptocurrencies to buy in 2023, as the network would secure more partnerships and utilities in the future.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Aragon (ANT)
Users can create and manage decentralized organizations (DAO) using Aragon crypto, offering a one-stop solution for all your governance needs. Several blockchain startups have leveraged ANT to develop and manage their DAOs. Aragon has a wide ecosystem with several developer-friendly tools like a user-friendly interface, a governance system, and a token management system, along with multiple templates and apple to simplify the process of DAO creation.
ANT, the native token of the Aragon network, is an ERC-20 token and is used to pay fees on the network. Token holders can vote on proposals to vote to enhance the network. Aragon was deployed to build some of the largest DAOs within the blockchain sphere, like Decentraland, BadgerDAO, PieDAO, and many more. ANT is one of the best Web3 coins to buy in 2023, as it has plenty of room and potential for growth.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Flux (FLUX)
Flux is a cross-chain oracle and smart contracts platform often touted as the Amazon Web Services (AWS) of blockchains. The Web3 crypto offers the groundwork for developers to build a new iteration of the web. By leveraging FLUX, users can seamlessly develop Web 3.0 applications and decentralized projects and deploy them across various networks.
The Flux ecosystem boasts a wide collection of decentralized computing services and blockchain-as-a-service (BaaS) technology. These services offer a decentralized development environment. One reason why FLUX is one of the best Web3 coins to buy in 2023 is that it allows developers to create real-world use cases on an accessible blockchain platform.
Therefore, the rapidly growing community and the increasing number of dApps would position Flux as one of the strong contenders in the Web3 spheres.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Helium (HNT)
Helium is a decentralized wireless Internet-of-things (IoT) network that allows peer-to-peer WiFi access to IoT devices using limited internet power demand. It's a viable alternative to internet access. The proposed goal of HNT is to design a “people-powered network”. The crypto does ensure this by strengthening communities through shared internet hotspots rather than using big cellular towers to create wireless internet connections.
The network aims to build a global network by employing a new approach where the end-users are also the providers of the network infrastructure. The blockchain allows users to mine HNT tokens with their equipment and incentivize users to invest in the network hardware.
Moreover, the Helium network allows you to connect even if you are kilometers away. Thanks to the Helium LongFi protocol and the global united network, users have stable internet access and connect wirelessly from anywhere in the world.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Graph Protocol (GRT)
The Graph protocol is a tool for indexing the blockchain. Anyone can query blockchain networks like Ethereum and Fliecoin using GraphQL. Whenever a blockchain is connected to the graph protocol, the data will automatically be indexed. This means that all the irrelevant data will be kept off-chain, promoting a faster and more efficient network.
The Graph protocol works in the same mechanism as Google, indexing websites and making it easy to gather information on the internet. This is why Graph is often nicknamed the Google of blockchains. The Graph protocol is also embedded in DeFi, governance, social media, virtual reality entertainment, and even marketplaces.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
These are the top 5 Web3 cryptocurrencies to buy in 2023, categorized based on emerging technologies, rate of adoption, current market value, and potential prices in the future. Invest in these booming Web3 coins and generate profitable returns in the long run.
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