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Best web3 Crypto to buy in 2023

Web3 cryptocurrencies are becoming highly sought after. Since these crypto tokens are digital currencies that belong to blockchain projects spearheading the decentralization of the internet, they are the future of cryptocurrency. Also, these coins are regarded as some of the most popular tokens in the crypto space, generally offering investors lucrative tokens. The only problem investors encounter when it comes to web3 crypto is selecting the best one for them. With countless Web 3.0 coins bombarding the market, it has become more difficult to choose the best web3 crypto to buy in 2023. We’ve put together this piece to help you make a more informed choice!

The-best-crypto-exchange-platform
The-best-crypto-exchange-platform

What are the Web 3.0 Crypto coins?

Web 3.0 crypto tokens are cryptocurrencies that help secure blockchain projects that operate on smart contracts executed over the internet. Essentially, web 3.0 offers internet users more management over their data, while Web 3.0 tokens enable users to own a part of the internet. Also, web 3.0 cryptos can be easily used to secure blockchain projects or make their native blockchain to work. 

What are some of the popular layer 3 Crypto coins?

Listed below is a list of some of the popular layer 3 crypto coins:

1. StarkNet 

StarkNet is a layer 2 scaling solution created for Ethereum and uses zk-rollups. Essentially, this solution is designed to be very scalable and secure and also has the tendency to greatly lessen gas fees on Ethereum.

2. Polygon

Polygon is a popular layer 2 scaling solution for Ethereum that makes use of Plasma. Essentially, it is designed to be far more scalable and adjustable than Ethereum. Polygon also has a thriving ecosystem of decentralized apps (dApps).

3. Optimism

Optimism is another layer 2 scaling solution for Ethereum. It uses Optimistic rollup and was designed to be far more scalable and generally efficient than Ethereum. Optimism also has a much lower gas fee than Polygon.

4. Arbitrum

Arbitum is a layer 2 scaling solution for Ethereum that uses Optimistic rollups. It is designed to be more scalable and secure than Ethereum & it has a growing ecosystem of dApps.

How can I buy Web 3.0 coins?

Buying Web 3.0 coins is easy. Follow the steps below to buy your own coin:

  • Search for them on Decentralized crypto exchanges.
  • Next, fund your wallet 
  • Lastly, purchase the token

Some of the more popular coins can also be found on reputable Centralized exchanges like Binance and Coinbase.

What are the important factors to consider when choosing a Web3 Crypto?

Bitmama crypto alert and buy/sell

Here are some crucial factors to consider before you choose a web3 crypto to start investing in.

1. Market cap

The smaller the market cap of a web3 token, the more possible the project has to increase in value. Projects that already have a huge market cap are primarily considered pricey or overrated and hence are scheduled for a correction.

2. Trading volume & liquidity

A higher trading volume indicates that the project is a reasonable investment. While a low trading volume implies investors’ lack of faith in the project, a considerably large trading volume indicates a healthy project.

3. Price history

The price history of a crypto project is another critical factor that can be used to foresee its future. The project is likely dead if the price is already down more than 80% when it’s not yet a bear season.

4. Supply vs. total supply

If the current circulating supply of a token is relatively small compared to the token’s total supply, then there is a high risk of dilution in the future. Dilution can hurt the general price of a crypto asset.

5. Whitepaper

This is an authorized document that shows the idea behind the project as well as the enactment of the idea in the real-life world. The paper holds the project’s vision so you can go through it and assess a project’s potential worth.

You’ll love this – Best Crypto to Stake in 2023

12 Best web3 Crypto to buy in 2023

The Metaverse offers potential opportunities for crypto traders in 2023. Below, we briefly list and describe some of the best web3 crypto to buy in 2023.

1. Chainlink (LINK) – Best for smart contracts

Chainlink (LINK)
Chainlink (LINK)

Beyond doubt, Chainlink is one of the top Oracle networks in the world of blockchains. Essentially, oracles assist blockchains in gaining access to off-chain data and formulate programmable smart contracts. Therefore, this unique decentralized network offers long-term data dependability and assists in powering some prominent companies in the DeFi space.

LINK, the native coin of Chainlink, carries a significant role in the cryptocurrency market and also has a very strong community backing. Chainlink’s founding technology and the launch of Chainlink Staking make it an intriguing Web3 coin for 2023.

2. Kusama (KSM)

Kusama is a scalable blockchain network that was created using the Substrate framework and has almost the same codebase as Polkadot. This network was created as a playground for technological innovation,  allowing teams and developers to create and deploy a parachain or take part in Polkadot’s governance, nomination, staking, as well as validation functionality. The native coin, KSM, is primarily used for paying transaction costs, partaking in governance, or crypto staking in order for people to become a validator.

3. Polkadot (DOT)

This is a multichain, scalable crypto technology that allows blockchains to easily connect with themselves and share data, creating a decentralized network. Polkadot is regarded as a profitable token in the Web3 space due to its organized branding and positioning, robust team support, and several partnerships in the DeFi industry.

4. Filecoin (FIL)

The Filecoin crypto project was established in 2014 and serves as a decentralized storage network. Essentially, this blockchain holds information using a technology known as the Interplanetary File Storage (IPFS) system. Hence, Filecoin causes permanent data storage to be truly decentralized.

Filecoin is uniquely designed to operate seamlessly with DeFi and Web3 protocols. You can easily store data like NFTs and large files and also access data on this network. For this reason, Filecoin is one of the most reasonable networks for music streaming and the overall digital video industry. FIL is the native coin of the Filecoin blockchain. It has numerous uses, including voting power.

5. Arweave (AR)

Arweave is a top decentralized data storage platform that offers endless storage capacity to users with no time restrictions. Essentially, this project guarantees data retention, thereby permitting users to safely store any information, application, or record without any other modification. AR coins are rewarded to people who donate and store data on Arweave network. With a market capitalization as large as US$348 million, one AR token presently costs about US$5.

6. Theta (THETA)

Theta Network is a top decentralized video streaming medium that rewards its users for sharing both their bandwidth and computing resources. With the existing global trend of working remotely increasing the need for computing power, Theta has gained substantial market and user interest. It is one of the fastest-developing Web3 projects to date.

7. Helium (HNT)

Helium (HNT)
Helium (HNT)

This is one of the prominent decentralized wireless Internet of Things (loT) networks. Essentially, this network allows peer-to-peer (P2P) Wi-Fi access for all loT devices. Additionally, Helium intends to develop a ‘people-powered network’, and its users can mine HNT coins by equipping themselves with the right network infrastructure. With its creative approach and multinational Wi-Fi coverage, Helium is regarded as one of the best Web3 crypto to buy in 2023.

8. Flux (FLUX)

Flux, which is best for decentralized cloud infrastructure, is a decentralized blockchain network that allows the easy scalability of cloud infrastructure. With Flux, you can develop, manage and even scale your Dapps on numerous servers concurrently.

Its native token, FLUX, allows users to develop and use Web3 applications across different networks. Flux’s thriving community and rising number of decentralized apps (dApps) make it very prevalent in the Web3 space.

9. Audius (AUDIO)

Audius is a top decentralized, community-held, blockchain-powered music streaming forum that has gained the attention of renowned artists and prominent venture capital firms. Basically, as a more accessible, open, and artist-friendly option to conventional platforms like Spotify, Audius allows artists to freely disseminate, stream, and even monetize their work. With its fast-rising user base, Audius is already a profitable Web3 crypto in 2023.

10. Basic Attention Token (BAT)

Basic Attention Token seeks to revolutionize the online advertisement experience, profiting both content providers and their users. Essentially, BAT is an Ethereum-based coin made to be used together with the Brave browser, which helps to block unwanted ads automatically and rewards its users with BAT tokens for choosing to view ads from trusted partners. BAT is a promising Web3 coin to consider since it streamlines the digital marketing procedure and offers a more competent browsing experience.

11. Livepeer (LPT)

Livepeer is a Web3 digital coin that was created to sustain decentralized video streaming. Essentially, the Livepeer token leverages blockchain’s decentralization,  allowing users to have better control of their content and share it more seamlessly. This project focuses on governance and scalability, with plans to shift to Layer-2, making LPT a Web3 coin with possible growth prospects in 2023.

12. Kadena (KDA)

Kadena is designed to improve multinational financial systems through Proof of Work (PoW) security, cutting-edge efficiency, as well as smart contract technology. The platform’s uniquely braided chains technology sustains efficiency while using the same resources to process about 480,000 transactions per second (ps). The KDA coin is used for all transactions on Kadena’s blockchain and is rewarded to miners.

What coins run on Web3?

Best virtual dollar cards in Nigeria
Best virtual dollar cards in Nigeria

There are basically thousands of tokens that fully operate in the Web3 landscape, as it is an incredibly broad concept. Popular examples of these coins include Chainlink, Uniswap, Kadena, Polygon, and Helium.

Although we’ve provided you with the top 12 best web3 crypto to buy in 2023, it is very important to still do your own research because of the nature of cryptocurrencies. Since cryptos are extremely volatile, past performance is not a predictor or guarantee of future performance. 

Essentially, this means that the value of crypto assets can fluctuate, and you may lose all or a considerable amount of your initial investment price. For this reason, you need to do due diligence to make the best judgment, as all actions are your sole responsibility.

As the best crypto exchange app in Nigeria, Bitmama offers a secure marketplace for crypto enthusiasts. Perform activities like crypto exchange, crypto staking, and creating virtual dollar or crypto cards for limitless international payments. Get started today by downloading the Bitmama app.

bitmama

Emmanuel

Sep 27, 2023

8 mins read

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