Web3 is the new generation of the internet, aiming to be more decentralized, private, and secure. Web3 has the potential to revolutionize how internet users interact with technology and conduct financial transactions. It leverages blockchain technology to offer decentralized protocols through various cryptocurrency tokens.
In recent years, the term Web3 has been gaining traction in the tech and finance industries. In this article, we’ll dive into the Web3 world and explore some of the best crypto projects and Web3.0 crypto coins that provide multiple use cases. We’ll also provide some tips on investing in Web3 cryptocurrency projects and on best practices for managing your Web3 portfolio.
Whether you’re a seasoned investor or just getting started with crypto, this article will help you navigate the Web3 landscape and stay informed about the latest trends and developments.
Let’s get right to it!
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What Is Web3 and Why Should You Care?
Web3, also known as the decentralized web or the blockchain web, is the next evolution of the internet. It’s a decentralized network that enables users to transact and interact with one another without relying on any central authority, like banks, etc., to regulate its development.
Unlike Web1, which was primarily focused on static websites, and Web2, which introduced dynamic and interactive web applications and peer-to-peer communication methods, Web3 is built on decentralized systems and distributed ledger technology such as blockchain to facilitate secure and transparent transactions without the need for intermediaries.
Key features of Web3 technology include increased data privacy, enhanced security, and decentralization. By leveraging DeFi protocols and distributed networks, Web3 provides greater privacy for users by removing the need for centralized entities to store and process user data. It also offers enhanced security, as transactions on the blockchain are immutable, transparent, and tamper-proof.
Web3 is already used in various industries, including finance, gaming, and social media. For example, decentralized finance (DeFi) platforms such as decentralized exchanges are built on Web3 technology, allowing users to access financial services like lending, borrowing, and trading without relying on traditional financial institutions. In the gaming industry, Web3 aims to enable developers to create decentralized gaming platforms where players can earn and trade in-game assets. While in social media, Web3 offers decentralized alternatives to existing centralized platforms, providing users more control over their data and privacy.
The Best Web 3.0 Crypto Projects You Need to Know About
Web3 crypto projects are at the forefront of the decentralized revolution, offering exciting new solutions for various industries. Below, we’ll explore some of the most promising Web3 crypto projects to consider:
Fight Out – Fight Out is a decentralized platform offering an easy and secure way to trade and invest in cryptocurrencies. It provides various features like staking, liquidity provision, and cross-chain trading, making it a popular choice for investors.
Metropoly – Metropoly is a digital world that operates on the blockchain, allowing users to buy, sell, and trade virtual assets. It’s a decentralized marketplace where players can create and trade their virtual assets, and its immersive gameplay has been a hit with gamers and investors alike.
THETA – THETA is a decentralized streaming platform that offers a new way for content creators to monetize their work. It’s powered by blockchain technology, making it more secure, transparent, and cost-effective than traditional video streaming platforms. The first video streaming DApp built on the Theta network was Silver.tv. Theta also provides the Theta crypto wallet used for storing cryptocurrencies.
Filecoin – Filecoin is a decentralized storage platform that allows users to store and access data securely and reliably. It offers a new way for individuals and organizations to store and access data such as NFTs, large files, and often accessed data on the network without relying on centralized entities. Filecoin is one of the best networks for the online video industry and music streaming and has already gained traction in the cloud storage industry. FIL is the native token of the Filecoin blockchain and has many utilities, including voting power.
Securedverse – Securedverse is a decentralized platform aiming to revolutionize the cybersecurity industry. It offers a new way for individuals and organizations to protect their digital assets and identities, making it an exciting prospect for investors looking to tap into the emerging field of cybersecurity.
The Top Web 3.0 Coins You Should Consider Buying
Web3 coins have gained popularity due to their potential to revolutionize various industries. Here are some of the top Web3 coins to consider buying:
Ethereum (ETH) is the second-largest cryptocurrency by market capitalization and the most widely used blockchain for decentralized applications (DApps). Its smart contract capabilities have made it a popular choice for developers and investors alike. Ethereum network also powers the decentralized finance (DeFi) ecosystem, which enables users to access financial services without intermediaries.
Polkadot (DOT) is a next-generation blockchain aiming to connect different blockchains together. It offers interoperability and scalability and has a unique consensus mechanism for efficient governance, empowering all token holders to vote on the network’s future direction. Polkadot has gained attention due to its potential to solve some of the scalability issues faced by existing blockchains.
Solana (SOL) is a fast and secure blockchain with high transaction speeds and low fees. It has gained popularity due to its ability to handle a large number of transactions per second, making it suitable for various applications, including DeFi and NFTs.
Chainlink (LINK) is a decentralized oracle network that enables smart contracts to access off-chain data. It has gained attention due to its ability to provide reliable and accurate data to blockchain applications, making it essential for DeFi and other decentralized applications. Chainlink’s native cryptocurrency, LINK, is used to pay the node operators for securely moving the data on and off the blockchain and to create a trustworthy interaction between oracles and smart contract creators. This crypto is the world’s 11th largest in terms of market cap.
Basic Attention Token (BAT) is a blockchain-based digital advertising platform aiming to provide a more efficient and transparent advertising ecosystem. It is built on top of the Ethereum blockchain and enables users to earn rewards for viewing ads and content.
Siacoin (SC) is a decentralized cloud storage platform that enables users to store and access data securely and privately. It has gained attention due to its potential to disrupt centralized cloud storage providers and enable users to have greater control over their data.
Helium (HNT) is a decentralized wireless network that enables IoT devices to connect to the internet. It uses a unique consensus mechanism that enables users to earn rewards for contributing to the network.
Dash 2 Trade (D2T) – Dash 2 Trade is a Web3 cryptocurrency that focuses on providing a decentralized platform for trading goods and services. Its blockchain technology ensures transparency and security while enabling fast and low-cost transactions.
CoinStats Portfolio Tracker will help you keep track of all your investments in Web3 coins and provide valuable insights into market trends and potential risks.
Finally, consider checking several parameters before choosing Web3 crypto to invest in, including the project’s market cap, Whitepaper, i.e., the official document on the concept behind the project and its implementation, the trading volume, circulating supply, total supply, and more.
How to Buy Web3 Coins?
As Web3 continues gaining popularity, more people are looking to invest in Web3 coins and projects. However, buying Web3 assets can be confusing and overwhelming for those new to the cryptocurrency world.
Follow our step-by-step guide on how to buy Web3 coins to help you get started:
Choose a Cryptocurrency Exchange. The first step in buying Web3 coins is to choose a cryptocurrency exchange. Some popular exchanges supporting Web3 coins and projects include Binance, Coinbase, Kraken, and Bitfinex. When selecting an exchange, consider factors such as security, fees, and the selection of supported coins.
Set Up an Account. Once you’ve chosen an exchange, you must set up an account by providing your name, email address, and identification document. Depending on the exchange, you may also need to complete additional verification steps, such as providing a government-issued ID or proof of address.
Fund Your Account. After setting up your account, you must fund it with fiat currency (such as USD or EUR) or cryptocurrency (such as Bitcoin or Ethereum). Each exchange has different funding options, so check the available methods and fees.
Buy Web3 Coins. Once your account is funded, you can buy Web3 coins. Simply navigate the exchange’s trading platform and select the coin or project you want to buy. Enter the amount you want to buy for and review the transaction details, including fees and the total cost. Once you’re ready to proceed, confirm the transaction.
Store Your Coins (Optional). We highly recommend storing your precious coins in a private wallet with your own set of keys. You might choose between software and hardware wallets depending on your investing preferences.
Use a Portfolio Tracking Tool (Bonus Step). Consider using a portfolio tracking tool to help monitor and manage your Web3 investments. CoinStats offers the best crypto portfolio tracker in the market. Connect your portfolio to CoinStats to start your portfolio management journey the right way.
Best Practices for Investing in Web3 Assets. When investing in Web3 assets, following best practices for portfolio diversification and risk management is essential. Diversification involves spreading your investments across multiple coins and projects to reduce the risk of loss. Risk management consists in setting limits on how much you invest in each asset and monitoring your portfolio regularly to ensure it remains balanced and aligned with your investment goals. By following the steps outlined above and using best practices for diversification and risk management, you can make informed decisions and maximize the potential returns of your Web3 investments.
Conclusion
In conclusion, investing in Web3 coins and projects can be a great way to participate in the future of technology and finance.
This article has provided an overview of Web3 and its potential impact on the future of technology and finance. We’ve discussed the benefits of Web3, including decentralization, increased privacy, and enhanced security. Additionally, we have explored some of the most promising Web3 crypto projects and coins and provided information on how to buy Web3 assets and implement the best practices for maximum growth.
In summary, the potential of Web3 is immense, and by staying informed and engaged, we can be at the forefront of this exciting technology.
Disclaimer:All information provided in or through the CoinStats Website is for informational and educational purposes only. It does not constitute a recommendation to enter into a particular transaction or investment strategy and should not be relied upon in making an investment decision. Any investment decision made by you is entirely at your own risk. In no event shall CoinStats be liable for any incurred losses. See our Disclaimer and Editorial Guidelines to learn more.
Price prediction plays a crucial role in the crypto market, serving as a valuable tool for investors. Understanding and accurately forecasting price actions is essential for making informed investment decisions and maximizing profitability.
Price prediction models and analysis provide insights into market trends, potential opportunities, and potential risks. Investors can identify patterns and trends by studying historical data, technical indicators, and fundamental factors to help them anticipate future price movements.
Additionally, price predictions help set realistic expectations, manage risk, and implement effective trading strategies. While no prediction can be entirely accurate, analyzing and predicting prices allows market participants to stay informed, adapt to changing market conditions, and make informed decisions based on data-driven insights.
This article will explore Chainlink (LINK) price predictions, examine the factors influencing its price movements, and discuss Chainlink price predictions by experts.
So is Chainlink (LINK) a profitable investment in 2023?
Read on to discover valuable expert Chainlink price predictions and opinions on its future price action to unlock the potential of your cryptocurrency investments and ensure profitable returns.
What Is Chainlink (Link)?
Chainlink operates as a decentralized oracle network, enabling public blockchains and smart contract platforms to incorporate external data sources into their on-chain processes. Chainlink aims to overcome the Oracle problem, which involves securely integrating off-chain data with on-chain data while minimizing reliance on third-party intermediaries. Essentially, Chainlink offers a crucial solution by facilitating the availability of real-world data on the blockchain, such as market statistics, event outcomes, and weather conditions, without being solely dependent on centralized data providers. The network’s native token, LINK, compensates the network’s node operators or oracles for providing trustworthy data feeds.
Chainlink network revolutionizes the way smart contracts interact with real-world data. By leveraging oracles, Chainlink enables smart contracts to securely access reliable off-blockchain data from various external sources, including APIs and data feeds. This groundbreaking technology takes smart contracts to new heights, empowering them to incorporate real-world information such as currency exchange rates, weather updates, event outcomes, payments, and more while maintaining the security and reliability inherent in blockchain technology. This opens up a world of possibilities, allowing blockchain to integrate with the global ecosystem in diverse ways. For instance, insurance rates can be determined based on weather data, supply chain tracking can utilize location information, decentralized sports betting can settle outcomes based on sporting events, and prediction markets can use political events.
Chainlink’s decentralized oracle solution is a game-changer, bridging the gap between blockchain and the real world for a multitude of applications and industries.
While Chainlink is well-positioned to meet the demand for reliable and secure data feeds, it still faces challenges and limitations to be addressed. The biggest challenges of Chainlink are the complexity of integrating Chainlink into existing systems and the risk of Oracle attacks.
Remarkable Milestones Influencing the Chainlink Price
Chainlink has achieved significant milestones throughout its journey.
In September 2017, Chainlink conducted an initial coin offering (ICO) on the Ethereum blockchain and raised $32 million by selling 35% of the total 1 billion token supply.
30% of the remaining tokens were allocated for developing the Chainlink blockchain, and 35% was distributed among node operators.
In May 2019, the Chainlink mainnet was launched, enabling developers to deploy their own decentralized oracle networks.
On September 28, 2022, the network unveiled SCALE, a Chainlink Economics 2.0 program designed to expedite the sustainable growth of the blockchain and Layer 2 ecosystems. Another noteworthy milestone occurred on December 6, 2022, with the launch of Chainlink Staking v0.1 early access, allowing users to participate in staking activities.
On March 1, 2023, Chainlink introduced Chainlink Functions, a cutting-edge serverless developer platform facilitating seamless integration between smart contracts and Web 2 APIs and enabling customized computations on Chainlink’s highly secure and reliable network. This significant achievement was released in beta form, offering developers an exciting glimpse into the platform’s future potential.
Factors Influencing Chainlink’s Price
Multiple factors can influence the price of Chainlink, including project updates and developments, market sentiment and emerging trends in the wider cryptocurrency and global economies, partnerships and integrations, supply and demand, and more.
While the Chainlink token undoubtedly holds potential for further growth, market volatility and instability in the broader crypto markets can lead to sudden price drops or unexpected price surges. As with any investment, thorough research and market analysis should be conducted before making Chainlink price prediction.
Proponents of the LINK token firmly believe in its potential for long-term growth and its various use cases within the Chainlink Network. They believe these factors will contribute to an upward trajectory in LINK’s price over time. Additionally, staking Chainlink tokens enables investors to earn rewards in other cryptocurrencies, providing diversification and potential additional income. Supporters contend that although staking requires holding tokens for an extended period, the historical profitability of long-term investments outweighs the risks associated with short-term speculation.
Market Sentiment and Trends
In 2021, Chainlink experienced an astounding surge in value, surpassing a remarkable 1000% increase. This surge was primarily driven by the growing demand from institutional investors, solidifying its position as one of the top-performing cryptocurrencies in the market.
The past months have been a turbulent ride for the crypto industry, and the LINK coin exemplifies the market’s extreme volatility.
However, amidst the tumultuous period experienced by the crypto market in the past year, 2023 has brought renewed optimism with bullish price action. The entire cryptocurrency market has started recovering, including Chainlink’s price.
According to many experts’ LINK prediction relying on the analysis of the market sentiment and trends and their impact on the LINK token price, if the overall condition of the cryptocurrency market remains favorable, LINK could potentially reach its maximum price in the coming years. This argument is based on the observation that Chainlink’s token price started to rally shortly after Bitcoin surpassed the $20k mark in late 2020. Also, significant news, events, and future positive developments can potentially trigger another bullish rally for LINK.
On the other hand, skeptics view LINK token primarily as a speculative asset, leading to price volatility. They highlight the limited information available regarding Chainlink’s system features and future platform plans, making accurate price forecast challenging. Some experts note that despite the technical effectiveness of most blockchain networks, low transaction volumes and adoption rates can hinder token prices in the long term. They believe LINK’s success in the upcoming year will ultimately be determined by the market trends within the broader crypto market.
Regardless of the differing viewpoints on whether LINK will reach new all-time highs in 2023, it’s evident that Chainlink and its native LINK token continue to gain popularity within the crypto community.
Technology and Adoption
Chainlink has created a crucial middleware infrastructure to provide information to and from blockchains without sacrificing decentralization or security.
It has refined its staking mechanism and released innovative features and services, such as Verifiable Random Functions (VRFs), Off-chain Reporting (OCF), Keepers, and its new Cross-Chain Interoperability Protocol (CCIP), featuring a cross-chain message relaying service, and a cross-chain token bridge.
Chainlink is a highly valuable blockchain offering a wide range of applications. It empowers blockchains to integrate external data, enabling smart contracts to interact with the real world and vice versa. Chainlink facilitates seamless communication between blockchain technology and real-world data sources by allowing inputs and outputs in smart contracts.
With a substantial user base spanning from small businesses to large financial institutions, Chainlink is a trusted network for incorporating the benefits of blockchain into various business practices. The platform enhances data collection processes and enables more accurate extrapolation of the gathered data through its integration with smart contracts. This improved data utilization contributes to more informed decision-making and enhanced efficiency for Chainlink network users.
Chainlink has been used in various sectors across multiple industries. Here are some Chainlink use cases:
Decentralized Finance (DeFi): In the DeFi ecosystem, Chainlink provides reliable price feeds to decentralized exchanges, lending protocols, and other financial applications. Chainlink’s oracles are utilized by DeFi applications to determine asset prices, access interest rates, verify collateralization, and more.
Insurance: In the insurance sector, Chainlink has found applications in automating the claims process through smart contracts. It enables the insurance industry to move from a manual, trust-based system to a more automated, trust-minimized system. Some companies that have successfully integrated Chainlink for insurance include Etherisc and Arbol.
Traditional Systems: Chainlink bridges traditional systems, such as data providers, Internet of Things (IoT) networks, websites, and businesses, with blockchain networks. By serving as integration gateways, Chainlink’s oracles enable seamless connectivity between existing digital and data infrastructure and any blockchain network.
Supply Chain Management: Chainlink enhances transparency and traceability of goods and services and provides real-time tracking capabilities for shipments and deliveries. This integration has empowered companies like IBM and Intel to lower costs, enhance operational efficiency, and enhance customer satisfaction.
Real Estate: Chainlink delivers real-time data feeds on property valuations, rental prices, and market trends. This integration has empowered companies such as Propy and Realio to enhance their real estate operations due to accessing accurate and up-to-date information.
Gaming: Chainlink allows programmers to create blockchain-based games that incorporate real-world events. Chainlink’s On-Chain Verifiable Randomness (VRF) solution plays a crucial role by generating verifiable and unbiased randomness, ensuring that players, game developers, or external parties cannot manipulate the outcome to their advantage.
Partnerships and Integrations
Chainlink has been rapidly expanding its ecosystem of partnerships and integrations with a wide range of companies and organizations, ranging from blockchain startups to traditional enterprises. Here are some of Chainlink’s notable integrations:
Blockchain platforms: Chainlink has partnered with Ethereum, Polkadot, and Binance Smart Chain, enabling developers to integrate Chainlink oracles into their decentralized applications (DApps), providing secure and reliable data feeds.
DeFi platforms: Chainlink has partnered with Aave, Synthetix, Compound, Kyber Network, Graph Protocol, and Frax Finance to provide real-time price feeds, enabling developers to create innovative financial products.
Traditional enterprises: Chainlink has partnered with SWIFT, Google Cloud, and Hedera Hashgraph to provide secure and reliable data feeds, enabling them to automate major DeFi projects like Kyber Network, AVA, Graph Protocol, and Synthetix.
Chainlink has partnered with several gaming companies, including Ubisoft and Nifty Gateway.
With increasing interest from companies and organizations looking to integrate Chainlink’s Oracle network into their blockchain applications, its future growth prospects are promising. As blockchain technology becomes more mainstream, the demand for reliable and secure data feeds is expected to rise. Chainlink is well-positioned to meet this growing demand, given its reputation as a trusted provider of Oracle services. Its established position in the market and track record of delivering accurate and secure data make it a compelling choice for businesses seeking to leverage blockchain technology. As a result, Chainlink is poised to experience further expansion, positively impacting the future Chainlink price.
Competitor Analysis
Since its launch in 2019, Chainlink has experienced remarkable growth and emerged as the dominant force and industry standard in decentralized oracle networks. It’s recognized as the leading blockchain Oracle in the market, with a market capitalization surpassing $1 billion and a circulation supply of 517,099,970 LINK coins. It has been at the forefront of revolutionizing data integration in the blockchain space.
Notably, Chainlink has played a crucial role in securing over $65 billion in Total Value Secured (TVS) within DeFi applications and safeguarding more than 51% of the value secured across all oracles in the DeFi space. This achievement is further bolstered by the operation of over 1000+ Chainlink price feeds across various blockchain networks, ensuring reliable and accurate data for DeFi applications and beyond.
Chainlink has the inherent capability to expand smart contracts, allowing data accessibility for events and transactions. One of the key strengths of Chainlink lies in its high security and interoperability across multiple platforms. The combination of its advanced features, such as the Chainlink Verified Random Function (VRF) and Chainlink Automation, has gained Chainlink a reputation as a trusted and innovative blockchain oracle solution.
Chainlink’s key competitors in the decentralized oracle space include Cardano (ADA), Band Protocol, Tellor, API3, Augur, Witnet, Provable (formerly Oraclize), Kylin Network, and the new emerging project RenQ Finance (RENQ). These competitors provide decentralized oracle solutions bringing reliable and tamper-proof data into blockchain platforms, augmenting the functionality of smart contracts, and establishing a robust network for secure data transfer.
However, Chainlink has demonstrated its superiority in the oracle market, boasting a market cap approximately 20 times larger than its closest competitor at the 2021 bull market peak. The extensive market recognition and trust garnered by Chainlink have solidified its position as the go-to oracle solution, further enhancing its defensibility against competitors. With a strong foundation and a proven track record, Chainlink continues to maintain its dominance in the Oracle space.
As the cryptocurrency and blockchain sectors evolve, Chainlink and its rivals actively pursue innovation and growth, consistently refining and expanding their offerings to maintain a competitive edge in this dynamic landscape.
Expert Opinions and Chainlink Price Predictions
At the time of writing, Chainlink’s current price is $7.06. LINK began trading at $5.57 in 2023, with a gradual rise in the price until today. On a weekly basis, the Chainlink cost was corrected by 1.19%. After the turmoil in the crypto market last year, 2023 has given great hopes with bullish price action.
LINK tokens reached an all-time high (ATH) of $52.88 on May 10, 2021, but since then, Chainlink has encountered resistance and faced price declines. Despite this, predictions based on the Chainlink price history indicate that Chainlink will eventually strive to reach its ATH again.
The Cryptonewsz Chainlink price forecast for 2023 ranges between $6.51 and $15.82. By 2025, the prediction suggests that Chainlink could reach the $20 mark, with a projected trading range between $14.66 and $22.39. Looking further ahead, the 2030 price prediction for Chainlink indicates an average trading price of around $60, with a minimum price estimate of approximately $47.78 and a maximum price estimate of about $72.98.
According to Wallet Investor’s prediction algorithm, Chainlink (LINK) may not be a suitable investment in the long term, with a continuation of the downward trend with strong bearish signals. The algorithm forecasts that the coin’s value could decrease to $0.916 in 2023.
GOV Capital’s Chainlink price analysis suggests that by 2027, the price of Chainlink could reach around $146.
Crypto Predictions also align with Wallet Investor’s forecast, expecting the price of Chainlink to reach a maximum of $11 by 2025 potentially.
Digitalcoinprice predicts the price of Chainlink (LINK) to reach a high of $15.80 by 2023 and $26.03 by 2025. The positive trend in the price of LINK is expected to continue over the next few years, with an average trading price of $139.61 and the maximum price of $140.33 by 2032. This optimistic outlook makes Chainlink a potentially profitable investment for investors looking for a long-term opportunity.
Changelly’s Chainlink forecast offers a more optimistic projection, suggesting a maximum price of around $23 by 2025 and a maximum price level of $143.85 by 2030.
Technewleader Chainlink price prediction 2023 suggests it’ll peak at $10.77 by the end of the year. It anticipates a price range of $13.71 to $16.27 for 2024. By 2025, the team forecasts a range of minimum and maximum prices of $19.38. and $24.12. The upward trend will continue from 2027 to 2032, with the highest LINK price reaching $329.02.
Ambcrypto’s LINK price forecast suggests Chainlink should range between $31.51 to $47.26, and the average price of LINK should be around $39.38 in 2030.
Moneymade’s Chainlink price prediction is that LINK will keep trending upward overall.
Remember that price predictions in the cryptocurrency market can vary significantly and should be taken as speculative estimates rather than guaranteed outcomes. The crypto market is highly volatile, and various factors can influence the LINK price forecast, including market trends, investor sentiment, regulatory developments, and technological advancements.
Chainlink Technical Analysis
When considering Chainlink’s technical analysis, it’s important to note that the entire crypto ecosystem has experienced a downward trend and a bear market.
Current Chainlink price ranges from $5.64 to $6.68, with these levels serving as key support and resistance levels. The first significant resistance level for LINK is at $6.68, and if the price manages to break above this level, the following resistance levels will be $7.74 and $8.50.
As of May 23, 2023, the market has seen increased buying pressure, which could push LINK/USD above its current resistance level. If that happens, experts expect further bullish momentum and an increase in the LINK price. On the other hand, if the bulls fail to defend this resistance level, experts predict a decline in the prices as bears take control of the market. In that case, $6.68 will act as support for LINK/USD.
More Crypto Online notes that if LINK breaks below the resistance around the $7.88 level, it could signal a bearish trend with a potential target of $7.23. An alternative bullish scenario is LINK breaking out of the range if it surpasses $9.50. Key levels, such as $6.19 and $5.30, should be monitored for potential breakdowns and $9.50 for potential upside movements.
According to CoinLore, from a total of 17 technical indicators, 0 calls to buy, and 13 to sell, the prediction sentiment short-term is bearish based on technical price analysis.
On the daily chart, exponential moving averages show a bearish signal. Chainlink price currently sits below all exponential moving averages.
Chainlink’s price analysis suggests a bullish trend, and the price could continue to rise as buyers remain strong. The technical indicators, such as RSI, MA, and Bolinger Bands, all indicate a bullish trend.
There were four bull runs that Chainlink had, first ATH was in January 2018, and Chainlink reached $1.44 soon after only 170.96 days later price dropped to its lowest point at $0.1755740 before the next bull run since January 2018 approx 1 year was needed to reach a new all-time high. The last bull run was in May 2021.
Price Prediction’s Chainlink forecast price and technical analysis suggest that in 2030 the LINK price is expected to cross an average price level of $121.90; the expected minimum price value of Chainlink by the end of 2030 should be $118.54. Moreover, LINK can reach a maximum price level of $143.85.
Here is the Yearly Chainlink Price Prediction from 2023-2030 suggested by Cryptonewsz:
YEAR
MINIMUM PRICE
MAXIMUM PRICE
2023
$6.51
$15.82
2024
$12.33
$18.83
2025
$14.66
$22.39
2026
$16.88
$25.78
2027
$20.88
$31.90
2028
$26.16
$39.96
2029
$33.33
$50.92
2030
$47.78
$72.98
Should You Buy Chainlink?
Investing in Chainlink presents multiple opportunities for investors bullish on the future of blockchain technology and the project’s significance in the crypto landscape. Chainlink has effectively established a robust network of reliable data providers, securing the network’s long-term growth and sustainability.
With the increasing global adoption of blockchain technology and smart contracts, the demand for reliable and accurate off-chain data will only rise.
Currently, Chainlink’s price analysis is looking bullish. As long as the bulls defend the resistance level, most experts expect LINK/USD to continue its upward movement
The market will likely experience continued volatility in the upcoming sessions, leading to a battle between bullish and bearish sentiments. This tug-of-war between buyers and sellers will shape the price movements and overall market sentiment.
Ultimately, the decision to buy LINK or any other asset ultimately depends on your individual risk tolerance. Investing in cryptocurrencies can be volatile and carry certain risks. It’s crucial to assess your own risk tolerance, financial goals, and investment strategy before making any investment decisions.
Regardless of your risk tolerance, it’s always advisable to diversify your investment portfolio and seek professional financial advice when necessary.
Conclusion
Chainlink has emerged as a leader in the blockchain industry, providing secure and reliable data feeds for smart contracts. Its extensive network of partnerships and diverse range of applications demonstrate its significant impact in connecting blockchain technology with real-world data.
As the world continues to adopt blockchain technology and smart contracts, the demand for off-chain data will only rise, and Chainlink’s inventive approach to data provision positions it as a key player in the future of blockchain-based applications.
However, traders and investors should be prepared for potential fluctuations and closely monitor market conditions to make informed decisions.
Disclaimer: All information provided in or through the CoinStats Website is for informational and educational purposes only. It does not constitute a recommendation to enter into a particular transaction or investment strategy and should not be relied upon in making an investment decision. Any investment decision made by you is entirely at your own risk. In no event shall CoinStats be liable for any incurred losses. See our Disclaimer and Editorial Guidelines to learn more.
In 2021, the worldwide crypto market capitalization surpassed $3 trillion, with lots of space for further expansion. Web 3.0 emerged as one of the new buzzwords in the crypto industry after the metaverse grabbed the internet by storm. While web 1.0 and web 2.0 aided in the growth of the internet, web 3.0 is more adventurous and focused on decentralization by giving users the ability to control their data. But, exactly, What is Web 3.0, and which are the best web 3.0 crypto coins to buy in 2022
Let’s jump right in!
What Is Web 3.0
Web 3.0 is one of the newest buzzwords for the internet’s next major evolution. Web 1.0 took place between 1990 – 2004, when the majority of websites were static and created by corporations. During this period, many who recognized an opportunity purchased domain names with the intention of selling them later at a higher price to enterprises in need of these domains.
Web 2.0 was the period of social media and user-generated content. Users are encouraged to communicate and connect using social media platforms such as blogs, vlogs, and social media, which have since become popular. The transition results in a greater amount of content creation with the majority of data controlled by a smaller set of tech behemoths such as Google, Microsoft, and Facebook. This also led to the topic of whether or not the user’s privacy is secure?
Web 3.0 focuses on decentralization, which is driven by the concept of peer-to-peer internet solutions, in which users have a choice over how their data is utilized. Web 3.0 is expected to improve data openness and content accessibility by depending on blockchain technology, as various applications and services begin to use blockchain technology, metaverse, and artificial intelligence (AI). The adoption of this technology helps to eliminate the need for a centralized authority to store data and helps to maintain security through widespread consensus. Essentially, Web 3.0 seeks to re-establish control in the hands of individuals – its users — rather than large corporations.
How Web 3.0 and the Metaverse Interoperability Works
According to Web 3.0, user interactivity and scalability are critical to facilitating user operations. To be really useful, Web 3.0 must satisfy three key features: decentralization, scalability, and security. The development of NFTs, in which users engage with one another through virtual reality technology, demonstrates the interoperability of Web 3.0 and Metaverse, while Web 3.0 facilitates trade and communication.
Because Web 3.0 is a collection of apps on a decentralized platform, interoperability can be achieved by connecting apps with the metaverse concept. Decentraland MANA, for example, provides an open link enabling a global network of users to administer a shared virtual environment by purchasing and selling digital real estate. To begin, users must buy LAND to identify ownership of their land, which represents their digital real estate. The MANA, on the other hand, is used to facilitate the purchase of LAND and products in Decentraland. The marketplace allows users to swap LAND tokens and simplifies user interactions to transact in-game items.
Top 10 Web 3.0 Coins
1. THETA (THETA)
Market Cap: $3.2B
Theta is similar to Airbnb for video streaming. On this Platform, viewers earn rewards for sharing extra bandwidth and computing resources. According to Steve Chen, co-founder of YouTube, Theta will disrupt the online video industry in the same manner that YouTube did in 2005, but in a different way. Theta solves the problem of delivering video to specific portions of the world by lowering costs while maintaining quality. As Theta feels it is critical to delivering high-quality streaming to all users.
When users share their bandwidth and computational resources, they are rewarded with the Theta Fuel token (TFUEL). The normal Theta token (THETA) is tied to the platform’s governance. Another advantage of Theta is that it is an open-source platform, which allows for community innovation. Proof of stake (PoS) and multi-level Byzantine fault tolerance (BFT) consensus mechanisms are used to protect the network.
2. Helium (HNT)
Market Cap: $2.0B
Helium is a decentralized wireless network. It enables Internet of Things (IoT) devices to connect to the Internet wirelessly and geolocate themselves without the need for satellite positioning hardware or cellular plans.
HNT is the native token of the network, which is powered by a blockchain. This token encourages a two-way marketplace between service providers and users.
Hotspots combine a wireless gateway with a miner to offer network coverage within a specific radius. HNT is mined by hotspots as well. Helium employs a consensus technique known as proof-of-coverage.
3. Polkadot (DOT)
Market Cap: $21.3B
Polkadot is a decentralized project that provides a Layer 0 solution known as “Relay Chain,” which is known to boost scalability, as well as a Layer 1 solution known as “Parachain,” which functions as a bridge between chains.
Gavin Wood, the Co-founder of Ethereum, launched Polkadot. Its native coin, DOT, is used for governance and in parachain slot auctions. There are just a few parachain spaces available in Polkadot. Developers compete in auctions to acquire the privilege to build on Polkadot by locking up DOT tokens.
4. Filecoin (FIL)
Market Cap: $4.0B
Filecoin (FIL) is a decentralized marketplace for cloud storage. A wide number of storage providers and developers power the network, which assists organizations and projects in finding cost-effective, decentralized, and secure data storage solutions. Filecoin is commonly used for the storing of big archives, NFTs, and frequently accessed data.
The majority of storage providers on the Filecoin network have “committed” to providing data center resources by investing in hardware and depositing collateral to ensure service quality, data availability, and long-term data reliability. Its native token, FIL, is used to pay storage providers for data storage and retrieval.
5. Chainlink (LINK):
Market Cap: $6.7B
Chainlink is a decentralized oracle network that relays data to smart contracts, allowing contracts to be executed using real-world inputs and outputs. Sergey Nazarov and Steve Ellis launched the network in 2017. It swiftly became the market leader in the blockchain oracle area.
Web3, which is structured and maintained by pre-written programs and smart contracts, relies on Oracle networks like Chainlink to function. Users can create decentralized oracle networks (DONs) on Chainlink to distribute data to and from current blockchains while also ensuring data accuracy.
Its native token, LINK, is used to reward Chainlink node operators for fetching data from off-chain data feeds for smart contracts, converting data into blockchain-readable forms, off-chain computing, and uptime guarantees provided by operators. Chainlink is also developing a robust staking mechanism for its network.
6. Siacoin (SC)
Market Cap: $542.7M
Sia is a blockchain-based decentralized cloud storage platform that allows users to lease excess storage space on the network. Smart contracts are used to facilitate network transactions. The native token of the blockchain SC (Siacoin) is the currency used to pay for data storage on the network.
Sia’s initial whitepaper said that the network’s purpose was to compete with established storage solutions such as Amazon, Google, and Microsoft. Because of its decentralized nature, Sia has an advantage over its competitors in terms of storage rates.
7. Audius (AUDIO)
Market Cap: $808.4M
Audius is a music streaming platform that aims to provide everyone with the freedom to distribute, monetize, and stream any audio content.
The native token, AUDIO, enables network security, unique feature access, and community-owned governance.
Musicians can use Audius to publish their songs and establish a fan following. When artists stake AUDIO, they gain access to badges and artist tokens, as well as voting power from their followers. Audius is supported by artists such as 3LAU,deadmau5, Rezz, and the Stafford Brothers. This platform provides 320 kbps high-quality audio streaming.
The Audius project has announced a partnership with TikTok, a streaming platform, with plans to integrate stablecoin on the network in the future to enable sponsored content.
8. The Graph (GRT)
Market Cap: $2.5B
The graph is an important decentralized protocol. In the DeFi world, the goal is to introduce a trustworthy decentralized public infrastructure to the mainstream market. It enables network users to create and publish an application programming interface (API), which is a workflow process that conceals complex code behind a simple API.
APIs are subgraphs in graph protocols, and they employ a specific query to retrieve data from a blockchain. The graph token (GRT) is used by graph network participants to secure the network’s economic security. GRT is a work token that enables a community of stakeholders to deliver network indexing and curation services.
9. Arweave (AR):
Market Cap: $1.5B
Arweave describes itself as a jointly owned hard drive that never forgets. It allows for permanent data storage for a one-time fee.
Arweave (AR) is a decentralized storage network that allows for indefinite data storage. At its core is the ‘permaweb’ — a permanent, decentralized web with applications and platforms such as UI hosting, database writes and queries, and smart contracts.
The network employs blockweave technology, a blockchain variant that connects a new block not just to the previous one but also to a random preceding block. Coinbase Ventures, Andreessen Horowitz, and Union Square Ventures have all invested in the network.
10. Kadena (KDA)
Market Cap: $950.5M
The purpose of this platform is to power global financial systems. Kadena offers more secure smart contracts, as well as unique energy efficiency and PoS security. Unlike many other platforms, Kadena continues to utilize the same amount of energy as network demand grows. It can handle up to 480,000 transactions per second (TPS) due to the usage of braided chains. The protocol scales to larger processing powers as additional chains are added.
The KDA token is used to process transactions on the Kadena blockchain. There are 1 billion KDA in total, which will be mined during a 120-year period.
How to Buy Web 3.0 Coins on CoinStats
Sign up for a free CoinStats trading account to invest in web 3.0 coins with a credit or debit card. To buy any web 3.0 coins listed above with the CoinStats app, follow the steps listed below:
Sign up for an account with CoinStats using your email address or by checking in with Coinbase; you can also use SSO.
Verify your account. You must supply a national ID to authenticate your identity in order to comply with KYC requirements (and also aid in improving account security).
Sign in using your credentials, then search for the token you wish to buy in the search box and tap on that token.
You will see the current market price of your selected web 3.0 coin. After doing your research proceed to buy that coin. CoinStats will provide you with two options: Buy or Sell. Choose “Buy” from the menu and input the desired quantity you wish to purchase of that coins and in a matter of few seconds the coins will arrive in your wallet.
If you plan to store your freshly acquired coins for more than a month, make sure to move them as quickly as possible to a secure hardware wallet.
Closing Thoughts
Web 3.0 coins, metaverse coins, and NFTs are some of the biggest opportunities in the crypto market for 2022 and the years ahead. The internet is becoming increasingly decentralized, with artificial intelligence and virtual reality being integrated into the experience. More people are also adopting blockchain technology.
We feel the 10 tokens listed above are the best tokens you can invest in right now if you want to promote Web 3.0 and the crypto market while also giving yourself a chance to make a lucrative profit.
Investment Advice Disclaimer: The information contained on this website is provided to you solely for informational purposes and does not constitute a recommendation by CoinStats to buy, sell, or hold any securities, financial product, or instrument mentioned in the content, nor does it constitute investment advice, financial advice, trading advice, or any other type of advice.
Cryptocurrency is a highly volatile market and sensitive to secondary activity, do your independent research, obtain your own advice, and only invest what you can afford to lose. There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. Between 74-and 89% of retail investor accounts lose money when trading CFDs. You should consider your circumstances and obtain your advice before making any investment. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant regulators’ websites
In 2021, the worldwide crypto market capitalization surpassed $3 trillion, with lots of space for further expansion. Web 3.0 emerged as one of the new buzzwords in the crypto industry after the metaverse grabbed the internet by storm. While web 1.0 and web 2.0 aided in the growth of the internet, web 3.0 is more adventurous and focused on decentralization by giving users the ability to control their data. But, exactly, What is Web 3.0, and which are the best web 3.0 crypto coins to buy in 2022
Let’s jump right in!
What is Web 3.0
Web 3.0 is one of the newest buzzwords for the internet’s next major evolution. Web 1.0 took place between 1990 – 2004, when the majority of websites were static and created by corporations. During this period, many who recognized an opportunity purchased domain names with the intention of selling them later at a higher price to enterprises in need of these domains.
Web 2.0 was the period of social media and user-generated content. Users are encouraged to communicate and connect using social media platforms such as blogs, vlogs, and social media, which have since become popular. The transition results in a greater amount of content creation with the majority of data controlled by a smaller set of tech behemoths such as Google, Microsoft, and Facebook. This also led to the topic of whether or not the user’s privacy is secure?
Web 3.0 focuses on decentralization, which is driven by the concept of peer-to-peer internet solutions, in which users have a choice over how their data is utilized. Web 3.0 is expected to improve data openness and content accessibility by depending on blockchain technology, as various applications and services begin to use blockchain technology, metaverse, and artificial intelligence (AI). The adoption of this technology helps to eliminate the need for a centralized authority to store data and helps to maintain security through widespread consensus. Essentially, Web 3.0 seeks to re-establish control in the hands of individuals – its users — rather than large corporations.
How Web 3.0 and the Metaverse Interoperability Works
According to Web 3.0, user interactivity and scalability are critical to facilitating user operations. To be really useful, Web 3.0 must satisfy three key features: decentralization, scalability, and security. The development of NFTs, in which users engage with one another through virtual reality technology, demonstrates the interoperability of Web 3.0 and Metaverse, while Web 3.0 facilitates trade and communication.
Because Web 3.0 is a collection of apps on a decentralized platform, interoperability can be achieved by connecting apps with the metaverse concept. Decentraland MANA, for example, provides an open link enabling a global network of users to administer a shared virtual environment by purchasing and selling digital real estate. To begin, users must buy LAND to identify ownership of their land, which represents their digital real estate. The MANA, on the other hand, is used to facilitate the purchase of LAND and products in Decentraland. The marketplace allows users to swap LAND tokens and simplifies user interactions to transact in-game items.
Top 10 Web 3.0 Coins
1. THETA (THETA)
Market Cap: $3.2B
Theta is similar to Airbnb for video streaming. On this Platform, viewers earn rewards for sharing extra bandwidth and computing resources. According to Steve Chen, co-founder of YouTube, Theta will disrupt the online video industry in the same manner that YouTube did in 2005, but in a different way. Theta solves the problem of delivering video to specific portions of the world by lowering costs while maintaining quality. As Theta feels it is critical to delivering high-quality streaming to all users.
Theta Network price page
When users share their bandwidth and computational resources, they are rewarded with the Theta Fuel token (TFUEL). The normal Theta token (THETA) is tied to the platform’s governance. Another advantage of Theta is that it is an open-source platform, which allows for community innovation. Proof of stake (PoS) and multi-level Byzantine fault tolerance (BFT) consensus mechanisms are used to protect the network.
2. Helium (HNT)
Market Cap: $2.0B
Helium is a decentralized wireless network. It enables Internet of Things (IoT) devices to connect to the Internet wirelessly and geolocate themselves without the need for satellite positioning hardware or cellular plans.
Helium price page
HNT is the native token of the network, which is powered by a blockchain. This token encourages a two-way marketplace between service providers and users.
Hotspots combine a wireless gateway with a miner to offer network coverage within a specific radius. HNT is mined by hotspots as well. Helium employs a consensus technique known as proof-of-coverage.
3. Polkadot (DOT)
Market Cap: $21.3B
Polkadot is a decentralized project that provides a Layer 0 solution known as “Relay Chain,” which is known to boost scalability, as well as a Layer 1 solution known as “Parachain,” which functions as a bridge between chains.
DOT price page
Gavin Wood, the Co-founder of Ethereum, launched Polkadot. Its native coin, DOT, is used for governance and in parachain slot auctions. There are just a few parachain spaces available in Polkadot. Developers compete in auctions to acquire the privilege to build on Polkadot by locking up DOT tokens.
4. Filecoin (FIL)
Market Cap: $4.0B
Filecoin (FIL) is a decentralized marketplace for cloud storage. A wide number of storage providers and developers power the network, which assists organizations and projects in finding cost-effective, decentralized, and secure data storage solutions. Filecoin is commonly used for the storing of big archives, NFTs, and frequently accessed data.
Filecoin price page
The majority of storage providers on the Filecoin network have “committed” to providing data center resources by investing in hardware and depositing collateral to ensure service quality, data availability, and long-term data reliability. Its native token, FIL, is used to pay storage providers for data storage and retrieval.
5. Chainlink (LINK)
Market Cap: $6.7B
Chainlink is a decentralized oracle network that relays data to smart contracts, allowing contracts to be executed using real-world inputs and outputs. Sergey Nazarov and Steve Ellis launched the network in 2017. It swiftly became the market leader in the blockchain oracle area.
Web3, which is structured and maintained by pre-written programs and smart contracts, relies on Oracle networks like Chainlink to function. Users can create decentralized oracle networks (DONs) on Chainlink to distribute data to and from current blockchains while also ensuring data accuracy.
Its native token, LINK, is used to reward Chainlink node operators for fetching data from off-chain data feeds for smart contracts, converting data into blockchain-readable forms, off-chain computing, and uptime guarantees provided by operators. Chainlink is also developing a robust staking mechanism for its network.
6. Siacoin (SC)
Market Cap: $542.7M
Sia is a blockchain-based decentralized cloud storage platform that allows users to lease excess storage space on the network. Smart contracts are used to facilitate network transactions. The native token of the blockchain SC (Siacoin) is the currency used to pay for data storage on the network.
Sia’s initial whitepaper said that the network’s purpose was to compete with established storage solutions such as Amazon, Google, and Microsoft. Because of its decentralized nature, Sia has an advantage over its competitors in terms of storage rates.
7. Audius (AUDIO)
Market Cap: $808.4M
Audius is a music streaming platform that aims to provide everyone with the freedom to distribute, monetize, and stream any audio content.
The native token, AUDIO, enables network security, unique feature access, and community-owned governance.
Musicians can use Audius to publish their songs and establish a fan following. When artists stake AUDIO, they gain access to badges and artist tokens, as well as voting power from their followers. Audius is supported by artists such as 3LAU,deadmau5, Rezz, and the Stafford Brothers. This platform provides 320 kbps high-quality audio streaming.
The Audius project has announced a partnership with TikTok, a streaming platform, with plans to integrate stablecoin on the network in the future to enable sponsored content.
8. The Graph (GRT)
Market Cap: $2.5B
The graph is an important decentralized protocol. In the DeFi world, the goal is to introduce a trustworthy decentralized public infrastructure to the mainstream market. It enables network users to create and publish an application programming interface (API), which is a workflow process that conceals complex code behind a simple API.
APIs are subgraphs in graph protocols, and they employ a specific query to retrieve data from a blockchain. The graph token (GRT) is used by graph network participants to secure the network’s economic security. GRT is a work token that enables a community of stakeholders to deliver network indexing and curation services.
9. Arweave (AR)
Market Cap: $1.5B
Arweave describes itself as a jointly owned hard drive that never forgets. It allows for permanent data storage for a one-time fee.
Arweave (AR) is a decentralized storage network that allows for indefinite data storage. At its core is the ‘permaweb’ — a permanent, decentralized web with applications and platforms such as UI hosting, database writes and queries, and smart contracts.
The network employs blockweave technology, a blockchain variant that connects a new block not just to the previous one but also to a random preceding block. Coinbase Ventures, Andreessen Horowitz, and Union Square Ventures have all invested in the network.
10. Kadena (KDA)
Market Cap: $950.5M
The purpose of this platform is to power global financial systems. Kadena offers more secure smart contracts, as well as unique energy efficiency and PoS security. Unlike many other platforms, Kadena continues to utilize the same amount of energy as network demand grows. It can handle up to 480,000 transactions per second (TPS) due to the usage of braided chains. The protocol scales to larger processing powers as additional chains are added.
The KDA token is used to process transactions on the Kadena blockchain. There are 1 billion KDA in total, which will be mined during a 120-year period.
How to Buy Web 3.0 Coins on CoinStats
Sign up for a free CoinStats trading account to invest in web 3.0 coins with a credit or debit card. To buy any web 3.0 coins listed above with the CoinStats app, follow the steps listed below:
Sign up for an account with CoinStats using your email address or by checking in with Coinbase; you can also use SSO.
Verify your account. You must supply a national ID to authenticate your identity in order to comply with KYC requirements (and also aid in improving account security).
Sign in using your credentials, then search for the token you wish to buy in the search box and tap on that token.
You will see the current market price of your selected web 3.0 coin. After doing your research proceed to buy that coin. CoinStats will provide you with two options: Buy or Sell. Choose “Buy” from the menu and input the desired quantity you wish to purchase of that coins and in a matter of few seconds the coins will arrive in your wallet.
If you plan to store your freshly acquired coins for more than a month, make sure to move them as quickly as possible to a secure hardware wallet.
Closing Thoughts
Web 3.0 coins, metaverse coins, and NFTs are some of the biggest opportunities in the crypto market for 2022 and the years ahead. The internet is becoming increasingly decentralized, with artificial intelligence and virtual reality being integrated into the experience. More people are also adopting blockchain technology.
We feel the 10 tokens listed above are the best tokens you can invest in right now if you want to promote Web 3.0 and the crypto market while also giving yourself a chance to make a lucrative profit.
Investment Advice Disclaimer: The information contained on this website is provided to you solely for informational purposes and does not constitute a recommendation by CoinStats to buy, sell, or hold any securities, financial product, or instrument mentioned in the content, nor does it constitute investment advice, financial advice, trading advice, or any other type of advice.
Cryptocurrency is a highly volatile market and sensitive to secondary activity, do your independent research, obtain your own advice, and only invest what you can afford to lose. There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. Between 74-and 89% of retail investor accounts lose money when trading CFDs. You should consider your circumstances and obtain your advice before making any investment. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant regulators’ websites before making any decision.
CoinStats users can invest in, track, and overall manage more than 26,000 different cryptocurrencies so when a big percent of them makes a certain choice, it’s a choice to be reckoned with. If you love examining data and drawing your conclusions or if you’re a beginner and want to acquaint yourself with the most popular projects and coins of 2021, you will most definitely enjoy this overview. So, which coins did CoinStats users hodl between December of 2020 and December of 2021 and why? Let’s find out together! 1. Ethereum (ETH) Okay, no surprises here: Ethereum (ETH) was the leading […]
