The hottest trend in the cryptocurrency market includes metaverse coins, Web 3.0 coins and a range of NFT collections. In this post, let’s take a look at the 2022 radar from analyst Ankit Sethi’s list for the Web3 category.
Web 3.0 Coins that can be tracked in 2022 for
- Polkadot may appear on any list of Web 3.0 startups. Polkadot is now ranked in the top ten cryptocurrencies on CoinMarketCap. Its purpose is to allow data to circulate between blockchains. The altcoin project allows DAO and includes staking functions. The DOT price is up almost 8% from last week.
- Filecoin (FIL) discusses how major cloud storage companies like Amazon store data in a decentralized way. The project’s natively linked token, FIL, currently has a market cap of around $3.6 billion. It has gained about 14% in the last seven days and is currently trading at $24.
- The next Basic Attention Token, or BAT, claims to revolutionize the advertising industry using Blockchain technology. BAT provides a platform for ad viewers to earn rewards for the time they spend watching ads. Advertisers benefit from understanding how their campaigns are being used. According to BAT, the network could be a solution for ad fraud and abuse as firms take advantage of increased engagement. Over the past week, BAT price has increased by about 8% and reached $0.9162.
Below are the market value data of the projects.
BitTorrent (BTT) and Stacks (STX)
These two cryptocurrencies have billions of dollars in market capitalization and Web 3.0 roots. BitTorrent project is quite popular in the torrent file sharing field. The project has migrated to TRON Blockchain to take advantage of the decentralized file sharing possibilities. The related token BTT is currently trading around $0.0000022. It has a market capitalization of over $2.1 billion.
Stacks (STX) is a project that claims to bring decentralized applications (DApps) and other decentralized solutions to Bitcoin, the leading cryptocurrency. With the emergence of Ethereum and other blockchains, Bitcoin’s supremacy is eroding. Stacks claims that Bitcoin can expand its capacity. The project’s STX token is currently trading around $1.7 with a market cap of around $2.2 billion. Both BTT and STX have risen over the past week. Almost every Web 3.0 project on the CoinMarketCap listing has gained in value in recent days, and this can partly be attributed to the broadly positive trend in crypto assets like Bitcoin.
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