The world of cryptocurrencies is keen on its future prospects and developments. As the industry spectates a constant shift in interests, which has been propelling the diverse sectors and their offerings. Successively, folks from the business are now more keen on projects revolving around Web 3.0, NFTs, DeFis, and DAOs.
As the world is all geared up to foray into the future of the internet and its offerings. Web 3.0 has been the talk of the town, and projects revolving around the sector have been mushrooming as potential contenders. That have been enticing merchants and savvies in the business.
Will Web 3.0 Be The Key To Crypto’s Rise To $10 Trillion?
Blockchains are best known for powering cryptocurrencies and providing the needed impetus to smart contracts. The tech has been emerging as fuel to Web 3.0, which is expected to take the web world beyond being limited to reading and writing. To execution, AI-driven services, decentralized data architecture, and edge computing infrastructure.
Web 3.0 as previously mentioned, has been the talk of the town and has been soaring higher in prominence. Successively, the market cap of the business is currently up by 2.23% at $52,885,236,960. While the volume of trades is yet to pick up the pace, which is presently down by 15.94% at $3,567,782,350. Proponents are optimistic about the future of volumes.
The Top-3 Protocols From The World Of Web 3.0
The protocol has been raging at a brisk pace, with its developmental activities being right behind the second largest crypto. Polkadot’s para chain auction has been welcoming a host of protocols that have been contending to find a slot. The success of the Moonbeam network has escorted virtues to the platform.
Polkadot’s native token DOT has been escalating at an appreciable rate, in the midst of the market’s volatility. DOT at the press time is changing hands at $18.50, being marginally up by 0.82%. The market cap of the protocol is presently hovering at about $18,263,390,838.
The platform has been rising in the Web 3.0 sector, with its stout fundamentals. Moreover, the protocol’s hybrid smart contracts, which combines on-chain code with off-chain data and computation, has been welcoming dApps and DeFis. Chainlink’s decentralized oracles unlock a host of possibilities. Moreover, the price feeds feature has been a blessing in disguise.
LINK price at the time of press is trading at $16.26 with gains standing at 5.44%. In the interim, the market capitalization of the digital asset is hovering at about $816,598,454. While the volume of trades is at $820,802,727.
The protocol has emerged as the third-largest player in the Web 3.0 world. The team off-late has opened doors to its Orbit community program, which further reinforces the community. The initiative amplifies news, meetups, educational resources, and more. Moreover, the team has been publicizing Web 3.0 in its programs.
FIL price at the time of press is changing hands at $19.76 with gains reported at 2.62%. The market cap of the asset is presently hovering at about $311,710,913. In the interim, the volume of trades for 24-hours stands at $313,685,828.
Summing up, with the web world fast moving towards Web 3.0, blockchains are set to take a slice of the pie with their offerings. Web 3.0 holds pros over its predecessors such as no central point of control, increased information interconnectivity, amongst others opens multiple doors for the platforms in the sector. The aforementioned digital assets with strong underlying tech might make a hill run in the near future.