Expert at FinancialCentre suggests 5 Top Web3 Coins to Buy in May 2022

London, UK — We have headed our way to an Internet where people will have complete ownership and control over their data and privacy; the blockchain will facilitate all of this. Blockchain technology is rapidly gaining popularity nowadays, and the majority of the world’s population is attempting to discover new methods to invest in blockchain and cryptocurrency. However, Web 3.0 is rising as the platform of something far better than the technology sector could have imagined.

Web3, commonly known as Web 3.0, is a vision for a new version of the World Wide Web blockchain-based technology. It contains features such as decentralized finance (DeFi), non-fungible tokens (NFTs), and a token-based financial system. It will be assisted by several blockchain-related niche market sectors. It covers anything from smart contracts to entertainment, finance, and the Metaverse. Web3’s vision is to employ blockchain, cryptocurrency, and NFTs to transfer ownership to the users of the internet. This will result in a fairer, free, and open internet.

Web 3.0 coins are decentralized innovations that employ smart contracts and transaction automation. It aims for transparency, and users see a supply of information and agreements that are available to everybody. Users would no longer have to worry about their information being lost or hacked. Web 3.0 and blockchain will collaborate to boost cryptocurrency trade and mining.

Regarding the arrival of Web 3.0, the development of Web 3.0 cryptocurrency is unavoidable. Web 3.0 is based on the principles of increasing usability, transparency, and decentralization. So, the number of consumers who support these ideas is growing by the day. According to Chris Gold, a Financial Expert at FinancialCentre, investing in Web 3.0 coins could become profitable. However, cryptocurrency remains a high-risk investment. Do your own research before making an investment decision, and never invest money you can’t afford to lose.

In this article, Gold has given a list of the top 5 Web 3.0 coins to purchase in 2022.

5 Top Web3 Coins

The suitability of these web3 coins for you will be determined by your risk appetite and the amount you would like to trade.

Helium (HNT)

Helium is a blockchain-powered decentralized network for the Internet of Things that uses the proof-of-coverage method. It is a decentralized wireless system that allows devices anywhere on the globe to access the web and geolocate themselves wirelessly without the need for satellite positioning devices. It also enables low-power devices to connect and send data through a network of nodes known as hotspots. Each node handles a certain section of the network. The hotspots also function as miners.

Its native coin, HNT, is used to reward miners for sending and receiving data over the internet. To join the Helium network, miners must stake HNT coins. Miners who are members of the consensus team receive newly minted HNT coins.

Helium is now ranked #56 in the market, with a live market cap of $973,979,111. The current price is $8.25, and the 24-hour trading volume is $20,742,925. It has increased by 5.72% in the previous 24 hours. It has a total circulation supply of 223,000,000 HNT coins and a circulating supply of 118,079,966 HNT coins.

Theta (THETA)

Theta is a blockchain network designed primarily for video streaming. It is a decentralized cryptocurrency network mainly focused on media and entertainment. It intends to lower content delivery network expenses for the online video business. It pays users for sharing storage or energy on any device. Theta, as a peer-to-peer network, seeks to improve video transmission for customers. It is done by employing business validator nodes like Sony, Google, Samsung, and some other organizations.

There are two tokens on the Theta network. The governance token is the Theta Token (THETA). Theta Fuel (TFUEL) is the operational coin used to pay for on-chain activities.

Theta is now ranked #47, with a live market cap of $1,298,246,657. Its current price is $1.30, with a 24-hour trading volume of $87,387,077. Theta Network has increased by 9.44 % in the previous 24 hours. It has a total supply of 1,000,000,000 THETA coins with a circulating supply of 1,000,000,000 THETA coins.

Chainlink (LINK)

Chainlink is a platform of decentralized oracles that transmit data into smart contracts, allowing contract activation based on real-world endpoints. The network rapidly gained fame as the sector leader in the blockchain oracle space. It is also starting to work on the detailed staking system for the network. This network uses blockchain technology to protect operations on and off the blockchain, allowing what it refers to as hybrid smart contracts. It allows organizations to connect to any of the main blockchain networks, like Ethereum, Solana, and Terra.

Its native token, LINK, is used to reward Chainlink network operators. LINK is a utility token that is used on the network for a variety of functions. The main functions include incentivizing data quality, maintaining contract stability, and rewarding nodes for their services in verifying transactions.

Chainlink is now ranked #25 in the market, with a live market cap of $3,358,920,317. The current price is $7.19, with a 24-hour trading volume of $377,346,710. It has increased by 6.35% in the previous 24 hours. It has a total supply of 1,000,000,000 LINK coins and a circulating circulation of 467,009,550 LINK coins.

Polkadot (DOT)

Polkadot is a cryptocurrency and an open-access blockchain-based platform. This network allows for the transfer of any asset or information between blockchains. Its services are not restricted to tokens. But users can also interact with several blockchains within the Polkadot network. It is different from other networks such as Ethereum in that these parachains are distinct and autonomous, yet they can communicate with one another, an important feature for Web 3.0.

The Polkadot network’s native token is the DOT token. It offers three primary functions: network governance, staking, and bonding. Holders of the DOT tokens have total control over this system.

Polkadot is currently ranked #11, with a live market cap of $9,953,706,883. It is now trading at $10.08 with a 24-hour trading volume of $786,248,763. It has increased by 5.39 % in the previous 24 hours. The circulating supply is 987,579,315 DOT coins, and the maximum amount is not available.

Filecoin (FIL)

Filecoin is a decentralized peer-to-peer storage platform in which users earn the network’s token by selling out hard drive space on their computers. Users only need an internet connection and enough storage space. The greater the amount of storage a user supplies to the Filecoin ecosystem, the more trading fees and tokens he may earn. One of the key advantages of this network is that it can store digital goods such as art or music within non-fungible tokens.

Its native token, FIL, can be used to reward storage providers for information retrieval.

Filecoin is now ranked #38 with a live market cap of $174,834,708. The current price is $8.22, with a 24-hour trading volume of $284,550,802. The circulating supply is 212,745,072 FIL coins, and the maximum amount is not available.

Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find in this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.

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