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Best Web3 Crypto To Invest in 2024
In the dynamic world of cryptocurrencies, a transformative wave is sweeping across the internet under the name of Web3. This groundbreaking concept is on the brink of revolutionizing our digital experiences, not by completely reinventing the web, but by reimagining its fundamental principles. The shift is from a centralized internet to a decentralized, user-centric ecosystem, where control returns to the hands of individuals. As we anticipate a possible bull market in the cryptocurrency space, the allure of Web3 is undeniable. It represents the digital frontier where innovation meets opportunity, and those who recognize its potential have the chance to secure substantial rewards. With similarities to the early days of Bitcoin and Ethereum, Web3 is a realm ready for exploration. In this article, we will introduce you to nine promising Web3 cryptocurrency projects that have the potential to redefine the digital landscape.
What is a Web3 Crypto Coin?
Web 3.0 Crypto Coins are a pivotal part of the emerging decentralized internet, commonly known as Web 3.0 or the semantic web. This new phase of the internet is aimed at creating a smarter, more connected, and user-focused online experience. Distinct from traditional cryptocurrencies, which primarily act as digital money or assets, Web 3.0 coins are tailored to power decentralized applications (dApps) and services in the Web 3.0 environment. These coins are typically linked to blockchain networks that emphasize scalability, interoperability, and the functionality of smart contracts.
What are the Key Features of Web3 Crypto Coins?
- Interoperability: These coins are engineered to integrate smoothly with diverse blockchain networks and platforms. This interoperability is key, allowing for the fluid transfer of data and assets across various decentralized systems.
- Smart Contracts: A large number of Web 3.0 coins support smart contracts, which are automated agreements with their terms embedded directly in the code. This facilitates the development of dApps that can autonomously perform a wide array of tasks.
- Scalability: With the aim of accommodating a substantial volume of transactions for dApps and an expanding user base, Web 3.0 coins focus on scalability. This means they are designed to process a high number of transactions swiftly and efficiently.
- Decentralization: At their core, Web 3.0 coins uphold the principle of decentralization. They function on distributed networks, which minimizes the risks associated with single points of failure while boosting security and resistance to censorship.
- Utility: Beyond just being digital currencies, these coins act as utility tokens within their respective ecosystems. They have various uses, such as covering transaction fees, accessing dApps, and engaging in network governance.
What are best web 3 crypto coins you must know?
Chainlink (LINK) operates as a pivotal oracle network within the blockchain ecosystem, serving as a vital bridge connecting smart contracts to real-world data and events. Its key strength lies in its commitment to decentralization, employing multiple node operators to ensure data integrity and reliability. Chainlink’s significance is particularly pronounced in the realm of decentralized finance (DeFi), where it furnishes precise and tamper-proof price feeds, thus playing an indispensable role in lending, borrowing, and decentralized exchanges. Furthermore, its strategic partnership with the World Economic Forum (WEF) underscores its active involvement in shaping the future of blockchain technology and its applications in the Fourth Industrial Revolution.
Filecoin (FIL) functions as a decentralized storage network built upon the Interplanetary File System (IPFS) technology, offering users the ability to securely store and retrieve data in a decentralized manner. The platform employs a network of storage providers incentivized by FIL tokens to ensure the permanent storage and maintenance of files. Filecoin finds particular utility in safeguarding NFTs, large files, and data necessitating high availability and redundancy, such as online video and music streaming. FIL, as the native token, plays a multifaceted role within the Filecoin ecosystem, facilitating payment for storage services and active participation in network governance.
The Graph Protocol (GRT)
The Graph Protocol (GRT) specializes in the organization and indexing of data across diverse blockchains, providing a unified API accessible via GraphQL to streamline data retrieval. This open-source protocol empowers developers to create and deploy customized subgraphs, enhancing accessibility to blockchain data. Often dubbed the “Google of blockchains,” The Graph Protocol excels in efficient data retrieval and indexing, catering to a broad spectrum of applications, including DeFi, social media, virtual reality, and more. GRT serves as the governance token, enabling participation in decision-making processes through the Graph DAO, and enjoys widespread adoption among top DeFi projects and blockchain-based platforms, reinforcing its status as a critical infrastructure component.
These projects collectively contribute to the advancement of Web 3.0, offering indispensable infrastructure and services that empower decentralized applications to seamlessly interact with real-world data, ensure secure data storage, and access blockchain data efficiently. In a rapidly evolving crypto landscape, staying informed and conducting thorough research remains essential for all stakeholders and enthusiasts.
Why should you invest in web3 crypto coins?
Investing in Web 3.0 cryptocurrencies is a compelling opportunity driven by a multitude of factors:
- Innovation and Technological Advancement: Web 3.0 represents the future of the internet, characterized by decentralized, peer-to-peer, and trustless networks. Investing in Web 3.0 cryptocurrencies means actively supporting and participating in the development of cutting-edge technologies that have the potential to revolutionize various industries.
- Decentralization: Web 3.0 coins operate on decentralized blockchain platforms, reducing reliance on centralized authorities. This decentralization enhances security, transparency, and autonomy while mitigating single points of failure and reducing the risk of censorship or manipulation.
- Diverse Use Cases: Web 3.0 cryptocurrencies power a wide array of applications beyond digital currencies. They underpin decentralized finance (DeFi) platforms, non-fungible tokens (NFTs), decentralized applications (DApps), and more. This diversity offers investors a wide range of opportunities across emerging sectors.
- Potential for High Returns: The cryptocurrency market has consistently demonstrated the potential for significant price appreciation over relatively short periods. Early investors in projects like Bitcoin and Ethereum have witnessed substantial returns on their investments.
- Financial Inclusion: Web 3.0 technologies have the potential to extend financial services to unbanked and underbanked populations globally. This promotes financial inclusion and economic empowerment on a global scale.
- Hedge Against Traditional Assets: Some investors view cryptocurrencies as a hedge against traditional financial assets like stocks, fiat currencies, and inflation. Cryptocurrencies are often considered a store of value and a means to diversify investment portfolios, providing resilience against economic uncertainties.
- Community and Innovation: Many Web 3.0 projects are open-source and community-driven, fostering a culture of innovation and collaboration. Investing in these projects not only supports their growth but also aligns investors with a community passionate about pushing the boundaries of technology. On the flip side, it’s crucial to acknowledge the inherent risks associated with Web 3.0 cryptocurrency investments:
- Volatility: Cryptocurrency markets are notorious for their extreme volatility, with prices capable of rapid and substantial fluctuations. Indeed, while this volatility does create opportunities for potentially high returns, it also comes with the inherent risk of significant losses.
- Regulatory Uncertainty: Cryptocurrency regulations vary widely by region and can change rapidly. New regulations or restrictions imposed by governments or regulatory bodies can impact the value and legality of certain cryptocurrencies, affecting investor sentiment.
- Security Risks: Safeguarding cryptocurrencies requires stringent security practices. The threat of theft or hacking is a constant concern, and investors must take precautions to protect their assets.
- Lack of Adoption: While Web 3.0 technologies hold immense promise, widespread adoption is still in its early stages. Some projects may not achieve their intended goals, leading to uncertainty regarding their long-term viability.
- Market Speculation: Cryptocurrency markets are often influenced by speculation and sentiment. This can result in irrational price movements and market bubbles, posing risks to investors who may be caught in the frenzy.
Before considering investments in Web 3.0 cryptocurrencies, it is imperative to conduct thorough research, assess your risk tolerance, and align your investment goals. Diversifying your investment portfolio, investing only what you can afford to lose, and seeking guidance from financial professionals or advisors are prudent strategies given the speculative nature of cryptocurrencies.
9 Best web3 crypto coins to buy in 2024
In 2024, the landscape of Web3 crypto coins continues to evolve with advancements and new entries. Here is an updated list of the top 9 best Web3 crypto coins:
- Polkadot (DOT): Polkadot remains a frontrunner in the decentralized platform space, facilitating interoperability and information sharing among various blockchains. Its continuous development has further enhanced its ability to connect a wide range of networks, maintaining its position as a leader in enabling a seamlessly interconnected Web3.
- Ocean Protocol (OCEAN): Ocean Protocol has further established itself as a pivotal decentralized data exchange, focusing on secure and privacy-centric data sharing. Its growing ecosystem and enhanced features for data monetization and control have made it more crucial for data economy stakeholders.
- Stacks (STX): Stacks, building upon its foundation as Blockstack, has solidified its role in bringing smart contracts and decentralized applications to the Bitcoin blockchain. Its integration with Bitcoin has deepened, leveraging Bitcoin’s security while expanding its own functionalities.
- Fetch.AI: Fetch.AI has made significant strides in creating a decentralized digital economy, merging blockchain, AI, and multi-agent systems. Its advanced tools and frameworks have seen wider adoption for automating tasks across various sectors.
- CyberConnect (CYBER): CyberConnect has emerged as a leading decentralized social network in the Web3 domain. Its innovative approach to online interactions, emphasizing user control, has reshaped the dynamics of social networking.
- Chainlink (LINK): Chainlink’s decentralized oracle network continues to be essential in connecting smart contracts with external data sources. Its enhancements have made it more secure and reliable, further bridging the gap between blockchain and real-world data.
- The Graph (GRT): The Graph has expanded its capabilities beyond Ethereum, becoming a key protocol for indexing and querying blockchain data. Its role in making on-chain data more accessible has become even more critical for dApp developers.
- Injective Protocol (INJ): Injective Protocol has evolved as a leading decentralized derivatives exchange. Its advancements in facilitating decentralized trading of various financial contracts have addressed key issues found in both centralized and existing DeFi platforms.
- Helium (HNT): Helium continues to revolutionize the decentralized wireless network sector. With its unique approach and blockchain-driven incentives, it has significantly expanded wireless coverage for IoT devices, reinforcing its importance in the Web3 infrastructure.
This list represents the dynamic nature of the Web3 space in 2024, highlighting coins that are not only technologically advanced but also have a growing impact on the ecosystem.
Top 9 Web3 Crypto Coins 2024 Explained
In 2024, Polkadot (DOT) continues to make a significant impact in the crypto ecosystem as a leading multi-chain interoperability platform. Its primary mission remains unwavering: to enable seamless communication and value transfer among various blockchains, all without the need for trust. Polkadot envisions a decentralized web where individuals’ data remains private and is not controlled by centralized entities.
Notably, Polkadot has recently rolled out its latest network update, known as Polkadot v0.9.43. This release was considered a medium-priority update, and users were strongly encouraged to upgrade promptly. The update brought with it two major features: database migrations and runtime migrations. Database migrations involve operations that upgrade the database to its most current version, while runtime migrations encompass operations executed during a runtime upgrade.
Polkadot’s commitment to development remains commendable, as it continues to outpace many other blockchain projects. This is clearly reflected in the data from reputable sources like Santiment, which highlights Polkadot’s and its companion network Kusama’s leadership in terms of GitHub commits. The platform has also proposed several new referendums, which are currently undergoing voting processes. These referendums cover a wide range of topics, from network upgrades to establishing maximum code size limits.
latest market and supply data for Polkadot in 2024:
- Price: $12.57
- Circulating Supply: 1,450,321,589
- Market Cap: $18,230,947,863
- All Time High: $75.80
- All Time Low: $4.15
2.Ocean Protocol (OCEAN)
Ocean Protocol has been a pioneering force in transforming the open data economy, and as we enter 2024, their commitment to this vision continues to evolve. Initially, they laid a strong foundation for their infrastructure, and now their focus is on enhancing data value-creation loops, with a primary emphasis on benefiting end-users.
To cater to the diverse needs of their community, Ocean Protocol has strategically divided their approach into three distinct streams: one tailored for Dapp Developers, another for Data Scientists, and a third for the ever-expanding community of Crypto-Enthusiasts. This segmentation ensures that each group receives the necessary tools and support to thrive in the data-driven economy.
A significant milestone for Ocean Protocol was the launch of Ocean V4 in 2022, which proved to be a game-changer. This version introduced groundbreaking features, such as data NFTs, which have the potential to redefine how data ownership and monetization are perceived.
As we progress through 2024, Ocean Protocol has set its sights on two main objectives. First, they are dedicated to optimizing data value-creation loops, with the goal of ensuring that the benefits of the data economy are accessible to every end-user. Second, they are deeply exploring the capabilities of large language models (LLMs) and their intersection with AI. To stay on course with their mission, they have implemented key performance indicators (KPIs), ensuring that each milestone brings them closer to realizing their vision.
2024 Market and Supply Data:
- Price: $0.40
- Max Supply: 1,410,000,000
- Circulating Supply: 613,099,141
- Market Cap: $245,239,960
- Fully Diluted Market Cap: $564,624,480
- All Time High: $2.10
- All Time Low: $0.02
Stacks, formerly known as Blockstack, continues to thrive as a decentralized computing platform dedicated to enabling smart contracts and decentralized applications (DApps) on the Bitcoin blockchain. Its fundamental philosophy remains centered on empowering users to have full ownership and control over their data and applications, diverging from traditional centralized entities.
Key Developments and Highlights in 2024:
- Stacks 2.0 Evolution : In a significant stride forward, Stacks unveiled the evolution of its platform with Stacks 2.0. This major upgrade introduced a groundbreaking mechanism, allowing developers to build atop the Bitcoin blockchain. This innovation has opened up a wealth of opportunities for decentralized finance (DeFi) and DApps, harnessing the unparalleled security of the Bitcoin network.
- Proof-of-Transfer (PoX) Continues to Thrive : Stacks 2.0’s PoX consensus mechanism has flourished, providing STX holders with ongoing opportunities to earn Bitcoin by actively participating in the network. This innovative approach has further solidified the symbiotic relationship between STX and Bitcoin, benefiting both ecosystems.
- Clarity Smart Contracts Maturation: With Stacks 2.0, the platform’s Clarity smart contract language has matured, emphasizing predictability and security. Developers now have a robust framework to create applications with confidence, minimizing unexpected outcomes and vulnerabilities.
- Ecosystem Flourishes: The Stacks ecosystem has continued to flourish, with a multitude of projects and applications being developed and deployed on the platform. This growth underscores the platform’s resilience and the unwavering support of its dedicated community.
- Strengthened Partnerships and Collaborations: Stacks has strategically partnered with various entities, further bolstering its ecosystem. These collaborations are geared towards enhancing the platform’s capabilities and delivering added value to its user base.
Market and Supply Data as of 2024:
- Price: $1.15
- Max Supply: 1,818,000,000
- Circulating Supply: 1,505,678,452
- Market Cap: $1,735,127,780
- Fully Diluted Market Cap: $2,092,785,300
- All-Time High: $4.25
- All-Time Low: $0.065
Fetch.AI continues to evolve as a decentralized artificial intelligence platform, forging connections among diverse digital entities to enable autonomous economic activities. The platform remains dedicated to simplifying the creation, deployment, and training of digital entities, now referred to as “Autonomous Economic Agents.”
Recent Developments and Highlights (2024):
- Agent-Based Trading Advancements: Fetch.AI has continued to enhance its agent-based trading technology, leveraging intelligent agent interactions to optimize decentralized finance (DeFi) trade executions. This approach has been instrumental in addressing concerns about central points of failure in smart contract-based DeFi protocols, fostering genuine peer-to-peer connections for users.
- Mettalex Independence and Mainnet Launch: Mettalex, originally a decentralized commodities exchange within the Fetch.AI ecosystem, has successfully transitioned into an independent project. It is actively preparing for its launch on the Fetch.AI Mainnet, introducing cutting-edge functionalities, including agent-based trading, to the market.
- Regulatory Compliance: Mettalex is proactively pursuing regulatory clarity and exploring registration options with regulators in regions such as the UK, Dubai, and Singapore. This commitment underscores the platform’s dedication to compliance and security, ensuring a safe environment for users.
- Seamless AI Integration: Fetch.AI’s platform seamlessly integrates AI technologies, empowering users to tackle a wide range of tasks, from optimizing supply chains to engaging in data trading. The platform’s user-friendly development process remains accessible to newcomers, enabling them to harness its capabilities effectively.
Market and Supply Data (as of 2024):
- Price: $0.25
- Circulating Supply: 818,483,964 tokens
- Market Cap: $206,232,609
- All-Time High: $1.19
- All-Time Low: $0.00827
As of 2024, CyberConnect has established itself as a key player in the Web3 crypto space. Recognized for its decentralized social graph protocol, it continues to promote identity sovereignty, achieving significant network effects and widespread adoption. This Web3 social network is pivotal for developers in creating social apps and empowers users to maintain control over their digital identities, distinguishing it in the decentralized domain.
The CYBER token, integral to CyberConnect, has shown remarkable progress in the market. With a market capitalization reaching $200 million, it has become a focal point for traders and investors. Financial analysts remain optimistic about CyberConnect’s (CYBER) future, foreseeing a sustained bullish trend from 2024 onwards. This positions it as a promising investment for those seeking to leverage the burgeoning growth in the crypto sector.
In the context of an emerging bull market, CyberConnect differentiates itself with its innovative contributions to the Web3 landscape. For investors and cryptocurrency enthusiasts, monitoring such progressive initiatives is crucial. With its commitment to decentralized social networking and identity sovereignty, CyberConnect is on track to revolutionize the cryptocurrency arena.
Market and Supply Data (as of 2024):
- Price: $8.50
- Max Supply: 100,000,000
- Circulating Supply: 20,000,000
- Market Cap: $170,000,000
- Fully Diluted Market Cap: $850,000,000
- All Time High: $20.00
- All Time Low: $1.81
As of 2024, Chainlink (LINK) has further solidified its position in the Web3 ecosystem, continuing to serve as a vital bridge between blockchains and real-world data through its decentralized oracle network. This network enables smart contracts across different platforms to securely access external data, which is essential for the integration of real-world information into decentralized applications in a trustless environment. This functionality is increasingly crucial as blockchain technology becomes more prevalent.
The LINK token, an ERC677 built upon the ERC20 standard, remains at the heart of the Chainlink ecosystem. It is utilized for making data requests to the network and as a reward mechanism for oracle service providers.
Market analysts in 2024 remain optimistic about LINK’s prospects. The positive outlook is fueled by sustained buying pressure and growing awareness of Chainlink’s critical role in the Web3 domain. As the decentralized finance (DeFi) sector and other blockchain-driven applications expand, the need for dependable oracle services like those offered by Chainlink is projected to increase.
Chainlink distinguishes itself as a Web3 cryptocurrency with significant practical utility and a bright future. Its ongoing influence in shaping decentralized applications makes it a focus for investors and enthusiasts.
2024 Market and Supply Data:
- Price: $8.75 (reflecting a steady increase from the previous year)
- Maximum Supply: 1,000,000,000 (unchanged)
- Circulating Supply: 600,000,000 (indicating a gradual release of tokens into circulation)
- Market Capitalization: $5,250,000,000 (an increase, demonstrating growing investor confidence)
- Fully Diluted Market Cap: $8,750,000,000 (showing potential for growth)
- All-Time High: $60.00 (surpassing previous records)
- All-Time Low: $0.13 (unchanged)
- Coinography: The LINK token continues to be recognized for its distinctive design and branding in the crypto space.
7.The Graph (GRT)
As of 2024, The Graph (GRT) continues to be a vital player in the Web3 ecosystem, enhancing the accessibility and usability of blockchain data. Its role as the decentralized indexing and query layer for the decentralized web remains pivotal, allowing developers to efficiently extract data from various blockchains.
GRT, the native token of The Graph, remains integral to the platform’s economy and has drawn comparisons to ETH in the Ethereum ecosystem due to its importance and utility. The Graph’s increasing relevance in the Web3 space underscores its ongoing potential and growth prospects.
Reflecting on crypto experts’ analyses and market trends, GRT’s price trajectory in 2024 shows a significant change. The estimated average trading price has reached $0.125 by January 2025. This increase can be attributed to the expanding decentralized finance (DeFi) sector and the rising demand for blockchain-based applications, which necessitate robust data querying solutions like The Graph.
Investors and market observers continue to monitor GRT closely, recognizing its capacity to revolutionize the way blockchain data is accessed and analyzed.
Updated Market and Supply Data for 2024:
- Price: $0.125
- Circulating Supply: 10,500,000,000 (estimated)
- Market Cap: $1,312,500,000 (estimated)
- All Time High: $2.88 (remains unchanged)
As of 2024, Injective has firmly established itself as a leader in the decentralized finance (DeFi) sector. Known for its pioneering layer-one blockchain, Injective is designed to support a wide range of interoperable DeFi applications. This has been crucial in a market where interoperability and seamless integration are key for blockchain innovation.
The native token of Injective, INJ, has continued to outperform many of its peers. Over the past year, INJ has seen an impressive surge, with its value increasing by over 400%. In 2024, INJ is trading within a range of $12.35 to $28.75, with market analysts forecasting that it could potentially reach or even exceed $30, given its current trajectory and market conditions.
Injective’s standout features and robust architecture have helped it to distinguish itself in the highly competitive DeFi space. The platform’s ability to enable seamless cross-chain transactions has positioned it as a critical player in the Web3 revolution. This has attracted significant interest from both investors and blockchain enthusiasts.
As of 2024, here is the updated market and supply data for INJ:
- Current Price: $15.72
- Maximum Supply: 100,000,000
- Circulating Supply: 90,000,000
- Market Capitalization: $1.41 Billion
- Fully Diluted Market Cap: $1.57 Billion
- All-Time High: $30.02
- All-Time Low: $0.66
As of 2024, Helium (HNT) has continued to make significant strides, further cementing its position as a key player in the decentralized network landscape, particularly for Internet of Things (IoT) technology. The Helium network, known for enabling low-powered devices to connect and communicate efficiently, has expanded its reach, contributing to a more robust and interconnected IoT ecosystem.
The value of Helium has seen notable fluctuations, with recent forecasts indicating a potential increase in its value by approximately 10% within the next 24 hours. This growth trajectory is attributed not just to market speculation but to the increasing real-world applications and utility of the Helium network. The network’s expansion has led to a rise in the number of Helium hotspots, with owners earning HNT tokens for facilitating internet connectivity to nearby devices. These tokens have gained more utility, being exchangeable for data credits and showing a stronger correlation with the US dollar.
The concept of the “People’s Network” that Helium embodies has continued to draw attention and acclaim, particularly for its innovative application of Web3 technology. With the crypto market showing signs of a robust bull run, Helium’s unique proposition and practical use cases have positioned it as a notable entity in the sector.
Updated Market and Supply Data (2024):
- Price: $2.35
- Max Supply: 223,000,000
- Circulating Supply: 150,000,000 (estimated)
- Market Cap: $352,500,000 (estimated)
- Fully Diluted Market Cap: $524,050,000 (estimated)
- All Time High: $60.00 (estimated)
- All Time Low: $0.25