- For the last several years, Web3 has shown consistent development.
- Bull in Polkadot has traded in a bullish sentiment over the past 24 hours.
- The price of Chainlink (LINK) is presently up by $7.45.
Investors in cryptocurrencies, as well as users of social media platforms like Twitter and Facebook, are paying a lot of attention to Web3, which is the third generation of the internet. On the other hand, information from Yahoo Finance suggests that the worldwide Web3 industry is presently worth around $2.86 billion and is forecast to increase by $116 billion by the year 2023.
Web3 has the potential to democratize the internet by giving individuals more say over their own information. Decentralization of the internet will remove the dominance of companies like Facebook and give you more say over the commercialization of your personal information. Here are the top 3 Web3 tokens to invest in and gain massive profits in the year 2023:
Polkadot (DOT)
Polkadot is an open-source-based data multichain protocol that enables interoperability across blockchains by securely connecting a network of specialized blockchains and allowing for the cross-chain transfer of any data or asset type, not just tokens. Polkadot was created to lay the groundwork for Web3, the next-generation internet based on decentralized blockchains.
Data from CoinMarketCap shows that the DOT price is trading with a bullish bias, having recorded a price gain in the range of 5.26% and presently exchanging hands at $6.62, while the bulls have set a support (lowest) level of $6.28 and a resistance (highest) level of $6.66. As of right now, Polkadot commands 0.68 percent of the market, with a market valuation of $7,680,211,158 and a trading volume of $386,458,182.
Chainlink (LINK)
An extensive open-source group of data producers, node operators, smart contract developers, researchers, security auditors, and others drives the Chainlink Network. The firm is committed to ensuring that all node operators and users who want to contribute to the network may do so in a decentralized manner.
The price of LINK is presently up by $7.45, while the current CoinMarketCap ranking is at 21, and the market circulation of LINK is 507,999,970. Bulls in Chainlink have achieved weekly highs of $7.45 during the last week, and the price of LINK is currently up by the same amount.
Litecoin (LTC)
Because of its lower fees and faster transaction times, Litecoin is more suited than Bitcoin for usage in day-to-day retail transactions. It’s the equivalent of pulling out a debit card instead of the figurative gold nuggets that are used for Bitcoin transactions. As a direct consequence of this, the much smaller Litecoin community has been able to gain payment support from in excess of 5,000 online retailers and services. It is much less than Bitcoin’s total of 12,000 retailers but still a significant lead over the majority of other cryptocurrencies.
In conclusion, the coins mentioned above have promising results hence investors and traders should consider investing in the above cryptocurrencies has they might gain massive gains in the future.
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Kelvin enjoys writing about cryptocurrency and blockchain. He started blogging in 2019 and switched to cryptocurrency in 2020. Kelvin is interested in technology, football, chess, and Defi. He wants decentralization to benefit everyone on the planet.
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