Best Web3 Crypto Coins To Invest in 2023

Best Web3 Crypto Coins


Best web3 coins to buy before the bull market to invest in 2023, In the ever-evolving world of cryptocurrencies, a transformative wave is crashing on the shores of the internet: Web3. This revolutionary concept is poised to reshape how we experience the digital realm, not by reinventing the web itself, but by reimagining its core principles. It’s a shift from a centralized internet to a decentralized, user-centric ecosystem, where control is returned to the hands of individuals. As we anticipate a potential bull market in the cryptocurrency space, the allure of Web3 beckons. It’s the digital frontier where innovation meets opportunity, and those who recognize its potential stand to reap substantial rewards. With echoes of the early days of Bitcoin and Ethereum, Web3 is a space ripe for exploration. In this article, we’ll introduce you to nine promising web3 crypto projects list that have the potential to redefine the digital landscape.

  1. Polkadot
  2. Ocean Protocol
  3. Stacks
  4. Fetch.AI
  5. CyberConnect
  6. Chainlink
  7. Graph
  8. Injective
  9. Helium

What is a Web 3.0 Crypto Coin?

Web 3.0 Coin often referred to as the decentralized web or the semantic web, represents the next phase in the evolution of the internet. top web3 coins 2023 envisions a more intelligent, interconnected, and user-centric internet experience. Web 3.0 coins, in essence, are cryptocurrencies that align with the principles and technologies driving the Web 3.0 vision. Unlike traditional cryptocurrencies that primarily serve as digital currencies or store of value, Web 3.0 coins are designed to facilitate decentralized applications (dApps) and services within the Web 3.0 ecosystem. These coins are often associated with blockchain platforms that prioritize scalability, interoperability, and smart contract capabilities.

Key Features of Web 3.0 Coins

Interoperability: Web 3.0 coins are designed to work seamlessly with other blockchain networks and platforms. Interoperability is a crucial feature, as it allows for the exchange of data and assets across various decentralized networks.

  • Smart Contracts: Many Web 3.0 coins support smart contracts, self-executing agreements with the terms of the contract directly written into code. This feature enables the creation of decentralized applications (dApps) that can automate a wide range of processes.
  • Scalability: To support the high transaction throughput needed for dApps and a growing user base, Web 3.0 coins often prioritize scalability. They aim to handle a large number of transactions quickly and cost-effectively.
  • Decentralization: Decentralization is a core principle of Web 3.0 coins. They operate on distributed networks, reducing the risk of single points of failure and enhancing security and censorship resistance.
  • Utility: These coins are not merely digital currencies; they serve as utility tokens within their respective ecosystems. They can be used for various purposes, such as paying for transaction fees, accessing dApps, and participating in network governance.

Best Web 3.0 Crypto Coins You Must Know About

  1. Chainlink (LINK):
    • Function: Oracle network bridging blockchain and the real world.
    • Key Feature: Decentralized network ensuring data integrity.
    • Significance: Vital in DeFi space, used by major platforms like AAVE, Uniswap, and Compound for reliable off-chain data.
    • Collaboration: Working with the World Economic Forum (WEF) for Fourth Industrial Revolution initiatives.
  2. Filecoin (FIL):
    • Function: Decentralized storage network with Interplanetary File Storage (IPFS) technology.
    • Key Feature: Ensures permanent decentralized storage of data.
    • Use Case: Ideal for storing NFTs, large files, and frequently accessed data, particularly in industries like online video and music streaming.
    • Native Token: FIL, with additional benefits like voting power.
  3. The Graph Protocol (GRT):
    • Function: Organizes blockchain data, enabling easy searches in networks like Ethereum and Filecoin using GraphQL.
    • Open-Source: Developers can utilize subgraphs to enhance data accessibility and build on top of it.
    • Nicknamed “Google of blockchains”: Widely used in DeFi, governance, social media, virtual reality, and marketplaces.
    • Governance Token: GRT, used by members of the Graph DAO to govern the network.
    • Notable Users: Top DeFi projects like Uniswap, Synthetix, Decentraland, Polkadot, and Aragon rely on The Graph.

These coins and protocols play crucial roles in advancing the capabilities of Web 3.0 and decentralized technologies. They facilitate secure data handling, decentralized storage, and efficient data organization within blockchain networks. Developers and projects in various industries benefit from their functionalities.

Should You Invest In A Web 3.0 Crypto Coins?

Investing in top Web 3.0 coins in 2023 can be an enticing opportunity, but it comes with its own set of considerations and risks. Here are some factors to keep in mind:

  • Research: Before investing in any cryptocurrency, conduct thorough research. Understand the project, its team, technology, and use cases. Ensure that the coin aligns with your investment goals and risk tolerance.
  • Volatility: Cryptocurrency markets are notoriously volatile. Prices can fluctuate dramatically in a short period. Be prepared for significant price swings and only invest what you can afford to lose.
  • Diversification: Diversifying your cryptocurrency portfolio can help mitigate risk. Don’t put all your funds into a single Web 3.0 coin. Consider a mix of established cryptocurrencies and newer projects.
  • Regulatory Environment: Stay informed about the regulatory environment in your region. Regulations surrounding cryptocurrencies can impact their legality and use.
  • Long-Term Vision: Consider whether you align with the long-term vision of Web 3.0 technology. Investing in these coins may require patience, as the full potential of Web 3.0 is still unfolding.

Web 3.0 coins represent an exciting frontier in the cryptocurrency space, offering unique features and capabilities beyond traditional cryptocurrencies. However, like all investments, they come with risks, and due diligence is essential. If you believe in the vision of Web 3.0 and are willing to navigate the volatile crypto market, these coins may have a place in your investment portfolio.

9 Best Web3 Crypto Coins To Buy in 2023

Here is the list of top 9 best web3 crypto coins given below:

  1. Polkadot DOT : Polkadot ($DOT) is a decentralized platform that allows different blockchains to interoperate and share information in a secure and scalable way. It is built to connect private and consortium chains, public and permissionless networks, oracles, and other technological solutions to enable a web where independent blockchains can share information and transactions in a trust-free fashion.
  2. Ocean Protocol (OCEAN) : Ocean Protocol is a decentralized data exchange protocol that facilitates the sharing of data in a secure and privacy-preserving manner. Its primary goal is to unlock the value of data by allowing individuals and organizations to monetize their data while retaining control over its access and usage. Here are some key aspects and features of Ocean Protocol:
  3. Stacks (STX) : Stacks, previously known as Blockstack, is a decentralized network that brings smart contracts and decentralized apps (DApps) to the Bitcoin blockchain. The Stacks blockchain is designed to interleave with Bitcoin, which means it benefits from Bitcoin’s security properties. The native cryptocurrency of the Stacks ecosystem is STX.
  4. Fetch.AI : Fetch.AI is a project that seeks to create a decentralized digital economy by combining concepts from blockchain technology, artificial intelligence (AI), and multi-agent systems. The project aims to automate a plethora of tasks and processes in the digital and real worlds using its innovative tools and frameworks.
  5. CyberConnect (CYBER) : CyberConnect is being presented as one of the first and most significant decentralized social networks in the Web3 space. Decentralized social networks promise to transform how we think about online interactions by putting control back in the hands of users.
  6. Chainlink (LINK) : Chainlink (LINK) is a decentralized oracle network that aims to bridge the gap between blockchain-based smart contracts and external data sources. Since blockchains cannot access data outside their network, Chainlink’s oracles enable smart contracts to interact with off-chain data in a way that’s secure, tamper-proof, and reliable.
  7. The Graph (GRT) : The Graph (GRT) is a decentralized protocol for indexing and querying data from blockchains, primarily Ethereum. It allows developers to build and publish open APIs, called subgraphs, making data easily accessible. The Graph has become an essential tool for many dApps on Ethereum and other blockchains, as it provides an efficient way to access on-chain data without having to run a full node or create custom indexing servers.
  8. Injective Protocol (INJ) : Injective Protocol is a decentralized derivatives exchange built on top of Ethereum, allowing for fully decentralized trading of futures, swaps, and other financial contracts. Injective aims to address issues related to centralized exchanges, including security breaches, withdrawal restrictions, and high fees, while also improving upon many DeFi (Decentralized Finance) platforms’ limitations.
  9. Helium (HNT) : Helium (HNT) is a decentralized wireless network protocol with a unique approach to building a wireless infrastructure. The network is powered by the Helium blockchain and its native cryptocurrency, HNT. The primary aim of Helium is to provide a decentralized and incentive-driven way to expand and enhance wireless coverage for Internet of Things (IoT) devices.

Top Best Web3 Coins 2023 Explained

1.Polkadot (DOT)

Polkadot, a multi-chain interoperability platform, has been carving out a notable presence in the crypto landscape. The platform’s mission is to facilitate various blockchains in exchanging messages and value without the need for trust, envisioning a web where our data remains personal and doesn’t reside on a server under the control of a middleman entity.

Recently, Polkadot released its latest network update, named Polkadot v0.9.43. This was a medium-priority release, urging users to upgrade promptly. The update introduced two significant features: database migrations and runtime migrations. The former pertains to operations that upgrade the database to its latest version, while the latter involves operations executed once during a runtime upgrade.

Polkadot’s development activity has been commendable, outpacing many other blockchains. This was evident from data by Santiment, which showed both Kusama and Polkadot leading in terms of GitHub commits. The platform has also proposed several new referendums, which are currently under voting. These referendums touch upon various aspects, from upgrading the Polkadot network to setting max code size limits.

Market and Supply Data:

Circulating Supply1,235,857,487
Market Cap$5,298,661,556
All Time High$55.00
All Time Low$2.69

2.Ocean Protocol (OCEAN)

Ocean Protocol has been at the forefront of revolutionizing the open data economy. Initially, their efforts were concentrated on laying down a robust infrastructure that would support this vision. As they transition into 2023, their focus has evolved. The team is now dedicated to amplifying data value-creation loops, ensuring that end-users are at the heart of this transformation.

To cater to the diverse needs of the community, Ocean Protocol has strategically divided their approach into three distinct streams. These are tailored for Dapp Developers, Data Scientists, and the ever-growing community of Crypto-Enthusiasts. This segmentation ensures that each group receives the tools and support they need to thrive in the data economy.

One of the significant milestones for Ocean was the launch of Ocean V4 in 2022. This version was a game-changer, introducing features like data NFTs that have the potential to redefine how we perceive data ownership and monetization.

As we navigate through 2023, Ocean Protocol has set its sights on two main objectives. First, they aim to optimize data value-creation loops, ensuring that the benefits of the data economy reach every end-user. Second, they are delving deep into the capabilities of large language models (LLMs) and their intersection with AI. To keep their mission on track, they’ve implemented KPIs, ensuring that every milestone brings them closer to their vision.

Market and Supply Data:

Max Supply1,410,000,000
Circulating Supply613,099,141
Market Cap$202,265,764
Fully Diluted Market Cap$465,162,248
All Time High$1.94
All Time Low$0.01

3.Stacks (STX)

Stacks, formerly known as Blockstack, is a decentralized computing platform that aims to bring smart contracts and decentralized applications (DApps) to Bitcoin. It operates on the premise that users should own their data and apps, rather than relying on traditional centralized entities.

Recent Developments and Highlights:

  • Stacks 2.0 Launch: One of the most significant milestones for Stacks was the launch of Stacks 2.0. This upgrade introduced a unique mechanism that allows developers to build on Bitcoin, unlocking a plethora of opportunities for decentralized finance (DeFi) and DApps on the world’s most secure blockchain.
  • Proof-of-Transfer (PoX): Stacks 2.0 introduced the PoX consensus mechanism, which allows STX holders to earn Bitcoin by participating in the network. This innovative approach bridges the gap between STX and Bitcoin, creating a symbiotic relationship that benefits both ecosystems.
  • Clarity Smart Contracts: With Stacks 2.0, the platform introduced Clarity, a new language for smart contracts. Clarity prioritizes predictability and security, ensuring that developers can create robust applications without unexpected outcomes.
  • Ecosystem Growth: The Stacks ecosystem has seen significant growth, with numerous projects and applications being built on the platform. This growth is a testament to the platform’s robustness and the community’s belief in its vision.
  • Partnerships and Collaborations: Stacks has forged partnerships with various entities to bolster its ecosystem. These collaborations aim to enhance the platform’s capabilities and bring more value to its users.

Market and Supply Data:

Max Supply1,818,000,000
Circulating Supply1,405,122,968
Market Cap$658,840,752
Fully Diluted Market Cap$852,619,951
All Time High$3.61
All Time Low$0.045

4.Fetch.AI (FET)

Fetch.AI is a decentralized artificial intelligence platform that aims to connect various digital entities to enable them to perform useful economic work autonomously. The platform is designed to facilitate the creation, deployment, and training of digital entities called “Autonomous Economic Agents.

Recent Developments and Highlights:

  • Agent-Based Trading: Fetch.AI has been integrating new agent-based trading technology. This technology leverages intelligent agent interactions to optimize DeFi trade execution. AI agent integration addresses concerns regarding central points of failure in smart contract-based DeFi protocols by favoring a true peer-to-peer connection.
  • Mettalex Community Update: Mettalex, initially a decentralized commodities exchange under the Fetch.AI umbrella, has become an independent project. It is now building towards a launch on the Fetch.AI Mainnet. This launch will introduce functionalities like agent-based trading.
  • Regulatory Moves: Mettalex is actively seeking regulatory clarity. They are exploring options to register with regulators in regions like the UK, Dubai, and Singapore. This move signifies the platform’s commitment to compliance and security.
  • AI Integration: Fetch.AI’s platform allows for the seamless integration of AI technologies, enabling tasks ranging from supply chain optimization to data trading. The platform’s user-friendly development process ensures that even those new to the technology can grasp and utilize its capabilities.

Market and Supply Data:

Circulating Supply818,483,964
Market Cap$206,232,609
All Time High$1.19
All Time Low$0.00827

5.CyberConnect (CYBER)

CyberConnect is emerging as a significant player in the Web3 crypto space. As a decentralized social graph protocol, it emphasizes identity sovereignty, aiming for mass adoption and network effects. This Web3 social network enables developers to build social apps and allows users to own their digital identity, making it a unique proposition in the decentralized world.

The CYBER token, associated with CyberConnect, has been gaining traction in the market. By reaching a market cap of $113 million, it has drawn attention from traders and investors alike. Financial experts predict a bullish market for CyberConnect (CYBER) starting from 2024 to onwards, making it a potential investment opportunity for those looking to capitalize on the next wave of crypto growth.

As we approach a potential bull market, CyberConnect stands out with its unique offerings in the Web3 space. For investors and crypto enthusiasts, it’s essential to keep an eye on such promising projects. CyberConnect, with its focus on decentralized social networking and identity sovereignty, is poised to be a game-changer in the crypto world.

Max Supply100,000,000
Circulating Supply11,038,000
Market Cap$59,971,091
Fully Diluted Market Cap$542,882,310
All Time High$18.00
All Time Low$1.81

Chainlink, often recognized by its token symbol LINK, has emerged as a pivotal player in the Web3 ecosystem. As the bridge between blockchains and the real world, Chainlink provides a decentralized oracle network, enabling smart contracts on various platforms to securely interact with external data sources. This capability is crucial for the broader adoption of blockchain technologies, as it allows for real-world data to be integrated into decentralized applications in a trustless manner.

The LINK token, an ERC677 that inherits from the ERC20 standard, plays a central role in the Chainlink ecosystem. It’s used to facilitate data requests to the network and as an incentive for oracle service providers.

Several analysts predict a bullish future for LINK. The uptrend is believed to be driven by increasing buying pressure and the growing recognition of Chainlink’s pivotal role in the Web3 space. As the decentralized finance (DeFi) sector and other blockchain-based applications continue to grow, the demand for reliable oracle services like Chainlink is expected to rise.

Chainlink stands out as a Web3 crypto with substantial real-world utility and a promising future. Investors and enthusiasts should keep a close eye on LINK as it continues to shape the future of decentralized applications.

Market and Supply Data:

Max Supply1,000,000,000
Circulating Supply538,099,970
Market Cap$3,339,830,330
Fully Diluted Market Cap$6,190,630,043
All Time High$52.88
All Time Low$0.13

7.The Graph (GRT)

The Graph (GRT) is a revolutionary project in the Web3 ecosystem, aiming to make blockchain data and statistics more accessible. Serving as the decentralized indexing and query layer of the decentralized web, The Graph allows developers to extract data from various blockchains in a seamless and efficient manner.

GRT, the native token of The Graph, plays a pivotal role in the platform’s economy, similar to how ETH functions within the Ethereum ecosystem. The potential of The Graph’s utility in the Web3 space suggests a promising future.

Crypto experts have analyzed The Graph’s price trajectory for 2023, estimating an average trading price of $0.105 by January 2024. As the decentralized finance (DeFi) sector and other blockchain-based applications continue to grow, the demand for efficient data querying solutions like The Graph is expected to rise.

Investors should keep a close eye on GRT, given its potential to reshape how we access and interpret blockchain data.

Market and Supply Data:

Circulating Supply9,178,099,091
Market Cap$789,681,945
All Time High$2.88

8.Injective (INJ)

Injective is a groundbreaking layer-one blockchain tailored to support interoperable DeFi applications. As the decentralized finance (DeFi) sector continues to flourish, platforms like Injective that offer seamless interoperability are poised to play a pivotal role in the next wave of blockchain innovation.

The INJ token, native to the Injective protocol, has shown significant promise. Injective has been one of the top-performing cryptocurrencies, boasting a year-to-date gain of 346%. Bullish predictions for 2024 suggest that the INJ price could range between $10.222 to $24.462, potentially even touching $25.

The unique features and robust architecture of Injective make it a standout in the crowded DeFi space. Injective, with its interoperability capabilities, is well-positioned to be at the forefront of the Web3 revolution. Investors and enthusiasts alike should keep a close watch on INJ, as its potential to reshape the DeFi landscape is immense.

Market and Supply Data:

Max Supply100,000,000
Circulating Supply83,755,556
Market Cap$572,153,750
Fully Diluted Market Cap$682,704,206
All Time High$25.01
All Time Low$0.66

9.Helium (HNT)

Helium (HNT) is not just another cryptocurrency; it’s the backbone of a revolutionary decentralized network designed for the Internet of Things (IoT) technology. The Helium network allows low-powered devices to connect and communicate, creating a more accessible and efficient IoT ecosystem.

Recent forecasts suggest a potential increase in its value by 7.76%, within the next 24 hours. This growth is not just based on speculation but on the real-world utility of the Helium network. Owners of Helium hotspots earn HNT tokens for providing internet connectivity to nearby devices, and these tokens can be exchanged for data credits or even pegged to the US dollar.

Helium’s promise of creating a “People’s Network” has garnered significant attention, with many seeing it as one of the best real-world applications of Web3 technology. As the crypto market anticipates another bull run, Helium, with its unique value proposition and tangible use case, is poised to be a standout.

Market and Supply Data:

Max Supply223,000,000
Circulating Supply143,934,821
Market Cap$213,692,446
Fully Diluted Market Cap$331,638,891
All Time High$55.22
All Time Low$0.25

Disclaimer: Remember, the world of cryptocurrencies is inherently volatile, and prices can fluctuate dramatically within short time frames. It’s essential to do your own research and consult with financial professionals before making any investment decisions.

You Might Also Like

About Maria Morgan

Maria Morgan is a full-time cryptocurrency journalist at Coinography. She is graduate in Political Science and Journalism from London, her writing is centered around cryptocurrency news, regulation and policy-making across the glob.

View all posts by Maria Morgan →

Leave a Reply

Your email address will not be published. Required fields are marked *