Web 3.0 is the term used to describe the next generation of the Internet.
At its forefront are new technologies such as blockchain protocol, smart contracts, cryptocurrency coins, artificial intelligence and machine learning.
In this guide we discuss The 10 most promising Web 3.0 cryptocurrencies, which are worth buying to gain long-term growth potential.
Let's take a closer look The most promising Web 3.0 projects worth investing in
Web 3.0 will be supported by various niche sectors in the blockchain industry. This includes everything from smart contracts to gaming to finance and the Metaverse - check also Metaverse's best cryptocurrency projects.
As such, you can gain access to the Web 3.0 phenomenon by investing in a selection of top projects. In the sections below, we look at the top 10 Web 3.0 projects you should consider investing in now.
1. Ethereum - overall best Web 3.0 cryptocurrency to buy in 2022
Overall, we argue that Ethereum is the best Web 3.0 cryptocurrency to buy and hold forever. The reason for this is that Ethereum is at the heart of the Web 3.0 ecosystem as we know it today. Importantly, as we will discuss in more detail later, many of the leading Web 3.0 projects are built on top of the Ethereum blockchain.
This includes a wide range of decentralized financial networks, Metaverse projects, DApps and many others. Another important aspect of the Ethereum ecosystem is that it allows anyone - including Web 3.0 projects - to create and deploy smart contracts. In fact, Ethereum is home to more smart contracts than any other cryptocurrency project.
As for the Ethereum token itself, this cryptocurrency is the second largest project in terms of market capitalization behind Bitcoin. Moreover, Ethereum, which first appeared on the market in 2015, has been one of the best performing cryptocurrency coins in recent years. For example, in 5 years Ethereum's value has increased by almost 5000%.
2 Uniswap - one of the best Web 3.0 cryptocurrencies for decentralized trading
A term you often encounter when looking for the best coins Web 3.0 to buy, is "decentralization." In a nutshell, decentralization refers to a product or service that can be accessed by anyone, without the need for third-party intermediaries to facilitate transactions. In the case of Uniswap This top-rated project is at the heart of decentralized trade.
This is because the Uniswap platform - built on the previously discussed blockchain Ethereum - allows people from all over the world to buy and sell cryptocurrency coins in a decentralized manner. This means that there is no longer a requirement to go through a centralized exchange to access digital currency markets.
Uniswap is able to do this thanks to its Automated Market Maker (AMM) ecosystem. This innovative protocol eliminates traditional order books and instead generates token prices in real time based on a number of other key indicators - such as market capitalization and volume. To invest in this Web 3.0 cryptocurrency, you can buy Uniswap tokens.
3. Basic Attention Token - the best Web 3.0 cryptocurrency to support the future of digital marketing
Another sector that many market commentators believe will be revolutionized by the Web 3.0 ecosystem is digital marketing. In its current form, Internet users are inundated with ads while browsing their favorite sites - many of which are completely irrelevant to our needs and interests.
What's more, while marketing agencies pay websites to display ads, none of that revenue goes to the people viewing the material. And this is where Basic Attention Token wants to change the status quo. This top-rated project - through its browser Brave Browser - allows users to earn cryptocurrencies for watching ads.
Most importantly, these ads are relevant to the user in question - in terms of products and services that may interest them. From the perspective of a digital marketing agency, the Basic Attention Token ensures that advertising funds are used in the right way. You can benefit from the development of Basic Attention Token by purchasing its BAT cryptocurrency.
4. decentraland - the best Web 3.0 cryptocurrency to invest in the Metaverse
Metaverse is another emerging concept that has grown rapidly over the past year. Simply put, Metaverse's long-term concept is to bridge the gap between the digital world and the real world through virtual reality. At the forefront of this concept is Decentraland, one of the metaverse's top cryptocurrencies, which is home to a hugely popular gaming world that allows users to invest in digital plots of land.
These plots of land can then be used to build real estate projects that include everything from apartments and villas to shopping malls and casinos. Importantly, many real estate projects from the Decentraland ecosystem have already been sold for millions of dollars - showing that this Web 3.0 ecosystem already has a proven concept.
MANA, which is the native token of the Decentraland ecosystem, is one of the best Web 3.0 cryptocurrencies in terms of performance. When the token was first launched in 2017, CoinMarketCap noted that MANA was trading at just 0.025$. MANA has since peaked at 5.90$, up more than 23,000%.
5. yearn.finance - Leading Web 3.0 project involved in decentralized lending
A core component of the Web 3.0 ecosystem will be financial services. For example Bitcoin is still the de-facto cryptocurrency in terms of market capitalization - and this digital token is seen as both a medium of exchange and a store of value. However, Yearn.finance will also play a role in the future of Web 3.0 with its decentralized lending protocol.
In short, Yearn.finance enables lending without jurisdictional restrictions or credit checks in a decentralized manner. This is because users can borrow cryptocurrencies in exchange for putting up collateral. The person then pays interest on the borrowed funds. These loans are funded by investors, who can be anyone who wants to make money from their cryptocurrencies.
For example, by depositing your cryptocurrencies on the Yearn.finance platform, the funds will be used to provide a loan. In return, you will receive an interest rate that traditional banks and financial institutions cannot match. You can invest in this concept by buying a YFI token, which is currently traded on dozens of popular cryptocurrency exchanges.
6 Cosmos - an innovative project that unites competing Web 3.0 projects
It's good to have a plethora of Web 3.0 projects that offer solutions to real-world problems. However, if this market becomes too fragmented, it can hinder the growth of the Web 3.0 ecosystem. This is where the following comes into play Cosmos - An innovative project that solves the blockchain interoperability problem.
For those who don't know, interoperability refers to the ability of different blockchains to connect and communicate with each other, which would not normally be possible. For example, because Bitcoin and Ethereum are independent of each other, there is no way the two blockchains can exchange data.
However, this can be achieved by using the Cosmos protocol. This allows all the top cryptocurrencies on the market - whether Decentraland, Ethereum, Yearn.finance or Uniswap - to communicate with any of the blockchain networks using Cosmos. The Cosmos project has its own digital token - ATOM - which you can easily buy.
7. the Graph - Another valuable Web 3.0 cryptocurrency
Another segment of the Web 3.0 ecosystem that needs improvement is data overload. This is because blockchain protocols facilitate a significant amount of transactions, which in turn can cause performance issues for a given network. For example, as more and more Web 3.0 projects are built on Ethereum, transaction fees seem to be increasing.
The good news is that Graph is already working on this problem with its innovative blockchain indexing tool. Simply put, when blockchains connect to the Graph protocol, their data will be automatically indexed. This means that irrelevant data will be kept off-chain, ultimately contributing to a faster and more efficient network.
From an investment perspective, you can benefit from the development of Graph and its indexing tool by buying GRT tokens. Eventually, any blockchain network that uses the tool will have to pay fees in GRT, which in turn can benefit its market value. This highly rated Web 3.0 cryptocurrency is also one of the cheapest - its price is still well below $1.
8 Tron - One of the most popular blockchains for building DApps.
Throne is a project related to blockchain technology and cryptocurrency, which was created in 2017 by Justin Sun. This China-based project could play an important role in the future of Web 3.0, not least because it puts content back into the hands of its rightful owner - the creator.
This means that, as it stands, content creators - whether in the form of videos, songs or articles - must use third parties to sell their material. This means giving up a large portion of the revenue that the content generates.
For example, when videos are uploaded to YouTube, the platform takes a sizable percentage of the ad revenue that these materials generate. This is where Tron comes in, as the project allows creators to sell their content directly to the public.
As a result, most or even all of the advertising revenue generated by this content will be paid to the creator.
9. Solana - Solana is a highly developed Web 3.0 open source project
We mentioned earlier that Ethereum is probably the best Web 3.0 cryptocurrency to buy, not least because the project dominates the smart contract space as we know it today. However, there is no guarantee that Ethereum will maintain its dominance, so it is worth betting on Solana.
In its most basic form, Solana offers all the same services as its Ethereum counterpart in terms of decentralized transactions, smart contracts and support for third-party Web 3.0 DApps. However, when it comes to the technology itself, Solana performs significantly better than Ethereum. This is true for basic metrics such as speed, fees and scalability.
Solana, for example, can reportedly handle tens of thousands of transactions per second, while Ethereum is still stuck at around 16. And since Ethereum's network is constantly overloaded, this means that transaction fees are often unaffordable - especially for small transactions. Solan transactions, however, cost just a fraction of a cent.
10. BNB - Binance is likely to play a role in the Web 3.0 ecosystem
Binance was established in 2017 as a centralized currency exchange platform. In less than five years, the Binance exchange is now by far the largest platform of its kind - with more than 100 million users and billions of dollars in daily trading volume. Since then, Binance has ventured into many other cryptocurrency-related niches, such as cryptocurrency savings accounts, leveraged projects and its own blockchain.
As for the latter, Binance Smart Chain is often the network of choice for newly launched cryptocurrency tokens - of which there are now thousands. In addition, Binance's native digital currency, BNB, is used to pay transaction fees when users buy and sell cryptocurrencies on the network. BNB thus has real value, which is why it is now a multibillion-dollar digital asset.
Nevertheless, Binance proves time and time again that it is the biggest innovator in cryptocurrencies, regularly releasing new products and services. That's why BNB may be one of the best Web 3.0 cryptocurrencies to buy, as Binance has the financial resources and proven development team to dominate this space in the near future.
What are Web 3.0 cryptocurrencies?
To understand what Web 3.0 cryptocurrencies are, we must first take a step back and understand the development of the Internet as we know it today. First and foremost, Web 1.0 refers to the initial version of the Internet in the 1990s. Think of a modern 56k connection and very slow download times.
Web 2.0, on the other hand, is today's superfast connections, 5g data, smartphones and online broadcasting. The next generation of the Internet will come in the form of Web 3.0. This will take everything to the next level, with a strong emphasis on new technologies such as:
- Smart contracts
- Artificial intelligence
- Machine learning
Essentially, the Web 3.0 ecosystem will be created by all of the above technologies and phenomena. And if you want to invest in the broader development of this industry, you can buy Web 3.0 cryptocurrencies such as those discussed earlier. Eventually, both digital currencies and blockchain technology will be at the heart of the Web 3.0 ecosystem.
Are Web 3.0 cryptocurrencies a good investment?
If you're still unsure whether Web 3.0 cryptocurrency tokens are worth investing in, you need to do further research to make an informed decision.
Below we discuss some of the key investment advantages we came across when analyzing the best Web 3.0 cryptocurrency coins.
One of the main benefits of investing in a collection of the best Web 3.0 cryptocurrencies is that you will gain knowledge about the world of decentralization.
This is a key concept that was first introduced to the market by Bitcoin. In its most basic form, decentralization removes the need for third-party participation to facilitate transactions.
For example, the Internet in its current form relies heavily on service providers who stand between you and the sites you choose. This can be problematic, if only because centralized ISPs have complete control over your access to the Web.
However, if Web 3.0 maintains decentralization, website data will be stored on multiple servers around the world. This means that access will not be denied or restricted.
Without permits and without censorship
Under decentralization, the Web 3.0 ecosystem will be permissionless. This means that governments will no longer be able to restrict what websites their citizens can view.
For example Google, YouTube and Facebook are banned in China - meaning that 1.4 billion people cannot access these sites without using a VPN.
This problem is present in many other countries - especially when it comes to accessing reliable news from international media sources.
Fortunately, Web 3.0 will be both decentralized and disenfranchised, making it so that the Internet can no longer be censored.
Large growth potential
Another benefit of buying the best Web 3.0 cryptocurrencies for your portfolio is that the potential for growth can be enormous. Depending on the project you choose to invest in, there is a good chance that the value of your portfolio will grow in correlation with the development of the Web 3.0 ecosystem.
For example, we mentioned earlier that Ethereum has increased in value by nearly 5000% in the past five years alone. And in the case of Decentraland and its MANA token, its value has increased by more than 23,000% since its launch in 2017.
These are just two examples out of many. However, you should be aware that the Web 3.0 market is oversaturated, so there is no guarantee that you will make money on the cryptocurrency coins of your choice.
On the contrary, the risk of loss must be taken into account.
Ease of diversification
In reference to the above section, one of the best ways to reduce the risk of loss is to diversify among many different Web 3.0 cryptocurrencies.
- For example, we noted earlier that Ethereum is the de-facto blockchain of choice for Web 3.0, and some of the hottest projects are choosing to build their platforms on its network.
- However, we have Solana, which is fastest, cheaper and much more scalable than Ethereum.
- The same is true for Cardano and Neo.
- In this regard, it may be wise to diversify among several Web 3.0 blockchains.
The same goes for Decentraland, as this project is not the only Metaverse platform targeting virtual real estate. After all, Sandbox, Axie Infinity and many others offer a similar concept.
Web 3.0 is still in its infancy
Another benefit of buying the best Web 3.0 cryptocurrencies is that this industry is still in its infancy.
This means that you have the chance to invest in the Web 3.0 ecosystem very early, which in turn will allow you to buy the cryptocurrency tokens of your choice at a very favorable entry price.
By comparison, it can be said to be the same bargain as investing in a Amazon or Microsoft in the 1990s (Web 1.0) or even in the stocks of technology companies such as Apple or Facebook in the 2000s (Web 2.0).
The price of Web 3.0 cryptocurrencies
The price of Web 3.0 cryptocurrency will be determined by market factors - just like traditional stocks and shares from the Web 1.0 and 2.0 space. Therefore, the value of the Web 3.0 cryptocurrency token you buy will largely depend on supply and demand.
For example, the reason why the top-listed Web 3.0 cryptocurrency Ethereum has generated a return of more than 20,000% since its launch in 2015 is because the broader markets believe in its future.
As there are more buyers than sellers in the market, this has a hugely positive effect on the price of Ethereum. Considering that the first cryptocurrency - Bitcoin - only appeared on the market in 2009, it can be said that the market is still in its infancy.
Of course, the entire market is worth more than a trillion dollars. But investments are often made on a speculative basis. As a result, even the best Web 3.0 cryptocurrencies are highly volatile.
Where to buy Web 3.0 cryptocurrencies
If you already know which Web 3.0 cryptocurrencies best fit your investment portfolio, the next step is to find the right exchange or broker to buy from.
The platform you choose should not only support the Web 3.0 cryptocurrency tokens of your choice, but also offer low fees and a secure place to trade. We have found that eToro is the best place to invest in Web 3.0 projects for the reasons described below:
- eToro supports dozens of leading cryptocurrenciesWeb 3.0, so you can easily diversify your portfolio
- eToro is regulated by several licensing bodies - so security is assured
- You can make deposits at no charge by debit/credit card, e-wallet or bank transfer.
- eToro also offers copy trading services, so you can buy and sell the best Web 3.0 cryptocurrencies passively.
How to buy Web 3.0 cryptocurrencies on eToro
By following the step-by-step guide below, you will be able to buy your first ever Web 3.0 cryptocurrency in less than five minutes from start to finish.
Step 1: Open an eToro Crypto account
Go to the eToro website using the link on the page. After clicking on "Join Now" you will see a registration form, as in the image below. You will need to choose a username and password, as well as enter your name, email address and cell phone number.
Next, eToro will ask you to provide some additional personal information. These will include: Your home address and date of birth.
Step 2: Add an identity document
You can verify your newly created eToro account in less than 60 seconds by sending a copy of a document such as a passport or driver's license and proof of address - such as a bank statement.
Step 3: Deposit funds
Next, eToro will give you the option to deposit capital into your account. In the "Amount" field, specify how much you want to deposit. The minimum deposit is just $10.
Step 4: Search for Web 3.0 cryptocurrency
Then use the search box at the top of the page to find the Web 3.0 cryptocurrency you want to buy today.
In our example above, we are looking for EDecentraland. Click on the "Trade" button to continue.
Step 5: Buy Web 3.0 cryptocurrencies
When the order window appears, you will need to enter the total investment rate.
As mentioned earlier, you only need to invest $10 in the Web 3.0 cryptocurrency of your choice, so the risk is minimal.
And that's it - you just learned how to buy Web3.0 cryptocurrencies on an SEC-regulated platform in less than five minutes.Good luck!
The views and opinions expressed here are solely those of the author and should not be taken as financial advice either. Every investment and transactional activity involves risk, so you are advised to do your own research when making any trading, investment or financial decisions.