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14 Best Web 3.0 Coins to Invest in 2024

Viraj Randev
Viraj Randev | Verified by Alan Draper
Last updated: | 20 min read

Web 3.0 is the new generation of the internet – which leverages blockchain technology to offer decentralized protocols through various cryptocurrency tokens. The best Web3.0 crypto coins leverage these technologies to provide multiple use cases.

With Web 3.0 cryptos expected to witness rapid growth in the coming decade, this guide reviews a range of the best Web 3.0 cryptocurrency projects in 2024.

  • Play-to-earn meme coin, transforming the iconic Doge meme into a Tamagotchi-style virtual pet.
  • P2E meme utility tokens looking bullish for summer - get in on this 40-stage presale early for biggest returns.
  • Token on the Binance Smart Chain, with a possible Binance CEX launch post presale
Project Launched
May 2024
Meta
Meme, P2E
Purchase Methods
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • Infinitely upgradeable AI meme coin, with modular technological capabilities.
  • Huge staking rewards available everyday during presale.
  • Presale price rises every two days - buy now to benefit from best price before listing.
Project Launched
April 2024
Meta
Stake-to-earn, Meme
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • The Pepe meme gets its own Ethereum Layer-2 chain
  • Stake $PEPU to earn double the staking rewards through Layer-2 technology
  • Pepe Unchained aims to replicate the success of Pepe but with its own ecosystem
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • +1 more
  • New base meme coin that offers multi-chain purchases, staking rewards and share to earn functionality.
  • Combines the popularity of base with the appeal of dog meme coins that are dominating the crypto market.
  • Points from sharing Base Dawgz content can be redeemed for $DAWGZ tokens once the presale is complete.
Project Launched
June 2024
Meta
Meme, Share-to-Earn
Purchase Methods
  • usdt
    usdt
  • ETH
    ETH
  • Solana
    Solana
  • Brand new South Park-inspired seal-themed SOL meme coin
  • Ideal coin to buy in presale ahead of the expected summer meme coin frenzy
  • Thought to be by the team that was also behind the viral SLERF coin
Project Launched
May 2024
Meta
Meme
Purchase Methods
  • Solana
    Solana
  • First of its kind daily rewards based on the performance of Mega Dice Casino
  • $DICE holders can enjoy 25% rev-share through the Mega Dice Referral Program
  • $2,250,000+ USD airdrop for casino players
Project Launched
April 2024
Meta
GambleFi
Purchase Methods
  • Solana
    Solana
  • ETH
    ETH
  • bnb
    bnb
  • Learn-to-Earn platform that rewards users for learning about crypto
  • Stake $99BTC tokens in secure smart contract to earn passive rewards
  • Get the edge in fast-moving markets with expert crypto trading signals
Project Launched
April 2024
Meta
Learn-to-Earn
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Bank Card
    Bank Card
  • bnb
    bnb
  • +1 more
  • Trending meme coin with P2E utility & staking rewards
  • Price up 10x in past month, rumors of Binance listing
  • 12k+ holders and growing
Project Launched
December 2023
Meta
Meme, P2E
Purchase Methods
  • Bank Card
    Bank Card
  • usdt
    usdt
  • ETH
    ETH
  • Sustainable new transportation revolution project with green $TUK tokens powering its AI-driven project.
  • Buy and stake $TUK tokens to earn passive 83% annual rewards. Presale has raised $3.3M so far.
  • Features a play-to-earn game allowing users to gather rewards while driving virtual eTukTuks around cities.
Project Launched
2023
Meta
AI
Purchase Methods
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • Looking to disrupt the DOGE-dominated meme space, $KAI is a AI-based meme coin with 10x potential
  • As a PoS ERC20 token investors can buy and stake $KAI for massive rewards
  • Fully audited by Coinsult, the presale has raised over $170k already
Project Launched
May 2024
Purchase Methods
  • bnb
    bnb
  • ETH
    ETH
  • usdt
    usdt
  • Bank Card
    Bank Card
  • +1 more
  • New meme coin offering an immersive experience via high-stakes battles
  • Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 25,000% p/a
  • Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • bnb
    bnb
  • New token that aims to revolutionise how digital currencies are used in everyday commerce.
  • $SPY tokens to list on major centralised exchanges, including the MEXC Global exchange.
  • Loyalty incentives, airdrops, and participation rewards for community members.
Project Launched
May 2024
Meta
eCommerce
Purchase Methods
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • ETH
    ETH
  • AVAX
    AVAX
  • BASE
    BASE
  • MATIC
    MATIC
  • USDC
    USDC
  • +5 more
  • Meme coin celebrating iconic boxing legends such as Muhammad Ali
  • First smart meme with powerful features in collaboration with a celebrity, including Web3 retro boxing game, webtoon, and AI platform.
  • Plans to be listed on a major CEX exchange, expected to have an ROI of between 10x and 20x
Project Launched
June 2024
Meta
Meme, P2E
Purchase Methods
  • usdt
    usdt
  • ETH
    ETH
  • bnb
    bnb

Best Web 3.0 Cryptocurrency to Invest in Now


The web 3.0 crypto coins list below provides a quick look at the top digital assets we will be reviewing shortly:

  1. PlayDoge – P2E Token inspired by 90s Tamagotchi craze. Raised $4M+ in presale.
  2. WienerAI – AI-powered crypto trading tool offering high APY on staking.
  3. Sealana – Patriotic seal-themed Solana meme coin that raised over $4M in presale.
  4. Base Dawgz – Multi-chain Web3 meme coin with community rewards, raised over $1M.
  5. Mega Dice Token – Promising Web3 casino token with high staking rewards.
  6. 99Bitcoins Token – Established crypto platform’s token with plans to bridge to BRC-20 standard.
  7. Sponge V2 – Updated version of SPONGE meme coin, which exploded 100x during original launch.
  8. eTukTuk – Green crypto project that fights climate change with electric tuk-tuks and charging stations.
  9. Solana – Web 3.0 blockchain Offering High Throughput.
  10. Decentraland – Metaverse Real-Estate Project to Buy Now.
  11. Ethereum – Top Smart Contract Protocol with $166 Billion Market Cap.
  12. Aurora Finance – Layer-1 Blockchain with Ethereum Bridge.
  13. Binance Coin – Binance’s Governance Token Running on BSC.
  14. Yearn.finance – Web 3.0 Protocol Offering Passive Income Opportunities.

Analyzing the Best Web 3.0 Crypto Coins


The best web 3.0 crypto tokens offer unique use cases by leveraging decentralized protocols. Furthermore, some of the coins on this list have provided high returns to investors, with the potential to grow further.

Continue reading to get an in-depth look at the best web 3.0 crypto coins in 2024:

1. PlayDoge – P2E Meme Token Inspired by 90s Tamagotchi Craze, Raised $4M+ in Presale

PlayDoge ($PLAY) is currently the best Web 3.0 coin to buy. $PLAY serves as the main in-game currency for transactions and unlocking special features, and is acquired by interacting with pets and achieving success in the P2E game.

$PLAY holds value as a rewards token within the P2E game design and as a tradable asset in the crypto market. Early buyers can buy $PLAY for only $0.00507 at the time of writing. The token’s presale raised over $4 million in just two weeks, showing huge investor trust and support.

playdoge token presale

The more you look after and play with your PlayDoge, the more $PLAY tokens you earn. $PLAY token holders engaging with the PlayDoge app will gain access to the Leaderboard.

The top XP earners on the Leaderboard will receive extra $PLAY tokens and exclusive rewards. These rewards are exclusive to $PLAY token holders.

You can read the PlayDoge whitepaper to learn more about the platform. Interested buyers can join the PlayDoge Telegram group and follow PlayDoge on X to get the latest news.

Visit PlayDoge

2. WienerAI – AI-powered Crypto Trading Tool Offering High APY on Staking

WienerAI ($WAI) is next on our list of best Web 3.0 coins. It combines two popular trends: memes and artificial intelligence – to create a unique and powerful crypto trading tool. It also offers a high staking APY to $WAI token holders during the ongoing presale.

Early investors can stake $WAI to earn an APY of over 200% at press time. It’s worth noting that this rate will decline as more people enter the staking pool. At the time of writing, early buyers can grab $WAI for only $0.000718.

WienerAI uses advanced predictive technology to offer traders quick and accurate market analyses. Its user-friendly interface makes it accessible to beginners and experienced traders.

wienerai token presale

The platform also allows for quick and efficient swaps across decentralized exchanges so that users never miss a trading opportunity.

Moreover, WienerAI operates on a zero-fee model so that users can maximize their profits without worrying about transaction costs. With built-in MEV (Miner Extractable Value) protection, WienerAI also ensures that users’ trades are not front-run by other bots.

The $WAI token has a well-structured distribution plan, with 20% for staking, 30% allocated for presale, 20% for community rewards, 10% for exchange liquidity, and 20% for marketing. This balanced approach supports both immediate and long-term project growth.

You can join WienerAI’s Telegram group and follow its X (Twitter) account to keep up with the most recent updates.

Visit WienerAI

3. Sealana – Patriotic Seal-themed Solana Meme Coin that Raised Over $4M in Presale

Another top Web 3.0 coin to watch out for is Sealana ($SEAL). It’s a hot new meme coin built on Solana that features a funny character: a patriotic, overweight American seal who lives in his mom’s basement. This seal, called Sealana, decides to trade cryptos to move out of the basement.

Sealana recently launched a presale for its native $SEAL tokens – where early buyers can get $SEAL for a relatively low price of $0.022. However, this rate will increase at the time of exchange listings.

The initial investor response has been quite impressive, as the presale raised over $4 million in just a few weeks of launch.

sealana presale site

Sealana is built on one of the fastest and most environmentally friendly blockchains. Solana can handle almost 65,000 transactions per second and has low gas fees. This can attract many new investors who are looking for the next big meme token on Solana.

In fact, many similar projects on Solana, like Slerf and Slothana, saw huge profits after witnessing a successful presale. You can join the platform’s Telegram group and follow Sealana on X (Twitter) for the latest updates.

Visit Sealana

4. Base Dawgz – AI-powered Crypto Trading Tool Offering High APY on Staking

Base Dawgz ($DAWGZ) is one of the best Web3 coins you can get because of its meme potential and cross-chain availability. Being a dog-themed meme coin comes with a strength of its own given how 7 out of the top 10 meme coins are dog-themed.

The cross-chain availability, however, is what could make Base Dawgz explode after the presale ends. Meme coin traders and investors can buy $DAWGZ on Base, Solana, Binance, Ethereum, and Avalanche seamlessly. Exposing the token to these blockchains that already boast strong meme coin communities could prove extremely beneficial for the $DAWGZ token price.

base dawgz presale

The rewards users can earn during the presale are another strength of this project. By connecting their X account and sharing Base Dawgz memes and related content, users can earn points. These points can be redeemed for $DAWGZ tokens.

The referral program is highly rewarding as well. Users who refer other investors earn 10% in USDT of the amount invested. This is an excellent way of rewarding active community members for spreading the word.

Check out the Base Dawgz whitepaper to learn more. Also, follow Base Dawgz on X to get the latest updates or to earn points for sharing $DAWGZ memes.

Visit Base Dawgz

5. Mega Dice Token – Promising Web3 Casino Token with High Staking Rewards

Mega Dice Token ($DICE) is another promising Web 3.0 coin for 2024. It’s the native token of the popular Mega Dice Casino – which has over 10,000 active players and nearly $50 million in monthly bets.$DICE is built on Solana and offers passive rewards to its holders. $DICE can be used to get exclusive rewards and early access to casino games on the platform.

You can stake the token for ten days, three months, or six months to earn high passive rewards. The platform offers daily rewards based on the casino’s performance. This new GambleFi token can also be used to get exclusive NFTs on the platform.

Mega Dice Token Presale

Of a total supply of 420 million tokens, 35% (147 million) are offered in the presale. Early buyers can get $DICE for just $0.075 at the time of writing. However, this price will rise in the next presale round. The $DICE presale raised over $320K in just a few hours of launch — this figure is now over $1.2 million in just a few weeks.

The Mega Dice Token is also doing an airdrop for early supporters. It’s offering $2.25 million USDT split into three different seasons.You can follow Mega Dice on X (Twitter) and join its Telegram channel for more updates.

Visit Mega Dice Token

6. 99Bitcoins Token – Established Crypto Platform’s Token with Plans to Bridge to BRC-20 Standard

99Bitcoins Token is the next promising Web 3.0 coin to buy. It’s the native token of the massively popular 99Bitcoins platform – which has been around for over ten years and has over 700K subscribers on YouTube. It also has over 2 million users who have subscribed to its courses about Bitcoin and crypto.

The project is now offering its token in a presale for $0.00106. However, this price will increase every few days until its expected exchange listing soon. The idea behind the $99BTC token is to reward platform users via fun learning activities and quizzes.

99Bitcoins Token presale homepage

Early investors will also be rewarded with a high staking APY of over 1,100% at the time of writing. But this rate will decrease as more people join the staking pool. It’s worth noting that the 99Bitcoins team has plans to move $99BTC to Bitcoin’s blockchain using the new BRC-20 token standard.

In addition to moving to Bitcoin, you can expect the launch of new crypto trading signals, interactive crypto learning experiences, and more rewards in 2024. 17% of the total token supply is set aside for community rewards, while 23% is for marketing. Interested buyers can follow 99Bitcoins on X (Twitter) and join its Telegram group to get the most recent updates.

Visit 99Bitcoins Token

7. Sponge V2 – Best Web3 Coin With 400% Staking APY And an Upcoming Play-to-Earn Game

Sponge V2 follows the success of the popular Sponge V1 meme coin, which had a market cap of $100 million at its peak in 2023, returning 100x to early investors. Sponge V2 plans to outperform its predecessor by giving the token utility in an upcoming racing play-to-earn game.

Holders of Sponge V1 can stake their tokens on the Sponge V2 website to convert them to V2 tokens. Those who don’t have V1 tokens can buy them on the Sponge V2 website by connecting their Ethereum wallet and using ETH or USDT to make the purchase.

SPONGE V2 Sale

As soon as you get your tokens, stake them. There’s a generous staking APY of over 400% as of this writing. This number will drop as more tokens are staked, but since 43% of the total token supply is dedicated to staking rewards, based on the Sponge V2 whitepaper, we could see a high APY for longer compared to other projects.

Currently, we are at stage one of the project where you can stake your tokens. Stage two marks the listing of Sponge V2 on major exchanges and enables the claiming of tokens. Stage three comes with the release of the play-to-earn game.

Follow Sponge V2 on X and join Sponge V2 on Telegram to get the latest information. You can also join Sponge V2 Discord.

Presale Started Dec 2023
Purchase Methods ETH, USDT and Card
Chain Ethereum
Min Investment None
Max Investment None

8. eTukTuk – Green Crypto Project Fighting Climate Change, Raised $3.3 Million

eTukTuk is an exciting crypto project with the goal to fight climate change by introducing electric tuk-tuks and charging stations. The project will first start in Sri Lanka as there are over one million tuk-tuks. There will also be an AI-powered route optimizer to help users save time and money.

The ecosystem will have its own token, called $TUK, which will be used to pay for charging and for earning rewards while staking. Buy it now with BNB, USDT, ETH or a card, and stake it to earn 83% APY. eTukTuk has raised over $3.3 million so far, showing investors support the project’s noble cause.

etuktuk token presale

While you wait for the presale to end, play the eTukTuk play-to-earn game, available on Android devices. Drive eTukTuks on the streets of Sri Lanka to unlock new cities and upgrade your vehicle.

Read the eTukTuk whitepaper for more information. To stay updated, follow eTukTuk on X and join their Telegram channel.

Visit eTukTuk

9. Solana – Web 3.0 blockchain Offering High Throughput

A layer-1 blockchain, Solana (SOL), has been created to deploy smart contracts and support the creation of various decentralized finance (DeFi) protocols and decentralized applications (DApps). While Ethereum is a popular smart contracts platform with the most number of DApps, Solana’s network offers high-speed transactions at a low cost.

This blockchain network can conduct up to 65,000 transactions per second (TPS), with an average cost of just $0.00025 per transaction. Solana can offer such high speeds due to its unique algorithm – which combines Proof-of-Stake (PoS) with Proof-of-History (PoH).

After trading at $1 at the beginning of 2020, SOL reached an ATH of $260 in the same year, making it one of the fastest growing cryptocurrency assets in the year. As of October 2022, SOL corrected to $34 with a $12 billion market cap, but it’s back up to $113 as of February 2024.

10. Decentraland – Metaverse Real-Estate Project to Buy Now

Decentraland leverages Web3.0 protocols to offer participants a metaverse ecosystem where virtual real estate can be built, traded and purchased. Built on the Ethereum blockchain, Decentraland has implemented several NFT-based use cases for participants.

For example, Decentraland offers LAND – an NFT minted as an ERC 721 smart contract representing a digital land parcel. Over 90,000 unique LAND pieces on the ecosystem can be bought, sold and traded. Another NFT on the game is Estate, an ERC 721 smart contract comprising multiple LAND pieces.

These NFTs can be traded via MANA – the governance token of Decentraland. An ERC-20 token, MANA, is also used to govern the platform on the MANA DAO (decentralized autonomous organization). Players can stake MANA and participate in community-wide voting to maintain and secure the network.

With a current price of $0.518, MANA is the 75th largest cryptocurrency with a market cap of $980 million.

11. Ethereum – Top Smart Contract Protocol with $166 Billion Market Cap

Similar to Solana, Ethereum is an open-sourced and decentralized Layer-1 blockchain. Ethereum was one of the first blockchains to deploy smart contracts to support DApps creation by developers. The most widely used network, Ethereum, has more than 3,000 DApps built on its network.

One of the best web 3.0 coins, Ethereum supports multiple NFT marketplaces such as OpenSea – which offers the biggest NFT tokens like the Bored Ape Yacht Club collection. In 2022, Ethereum officially announced its switch from a Proof-of-Work (PoW) to a PoS consensus. This move is has enabled Ethereum to reduce gas fees and increase transaction speed.

After reaching an ATH of $4,900 in 2021, Ethereum has corrected to under $2,000 per token. However, ETH is gaining again and now sits at a price of $2,850. The token is the largest altcoin with a massive market cap of $357 billion.

12. Aurora Finance – Layer-1 Blockchain with Ethereum Bridge

Aurora Finance is a layer-1 blockchain and an Ethereum Virtual Machine (EVM) – a software developers leverage to create DApps, based on the Ethereum network.

Aurora Finance offers the Aurora Bridge – a tool which connects its network with the Ethereum blockchain. Thus, developers can access the Ethereum network to deploy DApps on the chain without paying the network’s high gas fees. Moreover, the bridge can be leveraged to transfer ERC 20 and ETH tokens between Aurora and Ethereum.

By providing more scalability to the Ethereum network, Aurora Finance has become a popular Web 3.0 blockchain project. AURORA, the native cryptocurrency, is used to settle transactions between the bridge. The token also gives users access to the AURORA DAO – the governance mechanism that promotes decentralized decision-making.

AURORA is trading at $0.27 with a market cap of $116 million.

13. Binance Coin – Binance’s Governance Token Running on BSC

Binance Coin is the native cryptocurrency of the Binance exchange – the biggest cryptocurrency exchange in terms of trading volume.

Originally built on the Ethereum chain, Binance Coin (BNB) is now trading on the Binance Smart Chain (BSC) – a highly scalable blockchain network that offers high throughput, smart contract deployment and faster transaction speeds. BSC is a project built to support the Binance exchange – which handles the buying and selling over 600 digital assets.

Leveraging BNB on the exchange, the token offers lower transaction costs and is used to govern the network. The BSC allows BNB to conduct up to 160 TPS – which is greater than Ethereum’s 17 transactions per second. BNB is the 4th largest token with a market cap of $53 billion and one of the best altcoins right now.

Binance Coin is trading at $2356 per token, with a circulating supply of nearly 150 million tokens.

14. Yearn.finance – Web 3.0 Protocol Offering Passive Income Opportunities

Yearn.finance (YFI) provides various decentralized finance products, which can be leveraged to access passive income via cryptocurrencies. Among the available DeFi products are yield generation, lending aggregation and receiving insurance on the Ethereum blockchain.

One of the platform’s main features is vaults – which are staking pools that work to provide returns depending on the market factors. Another DeFi protocol is ‘Earn’ – a lending aggregator that connects with decentralized exchanges like AAVE and Compound to exploit the best interest rates possible for users.

A deflationary token, YFI is the native cryptocurrency with a maximum supply of 36,666 tokens. Currently, YFI is trading at $7,900 per token.

What is Web 3.0 Crypto?


Web3.0 refers to the decentralized form of the internet. Initially, Web 1.0 was categorized as the beginning of internet technology which first introduced an online forum. Web 2.0 refers to the development of the internet with the introduction of peer-to-peer communication methods. Some of the best technology companies, including Apple, Meta, Amazon and Netflix, are a part of the Web 2.0 community.

However, Web 3.0 looks to make the internet decentralized and give individuals more autonomy. Web 2.0-based companies all act in a centralized manner – where a central authority controls what the consumer can and cannot control. Web 3.0 leverages blockchain technology to implement smart contracts, which can be used to offer decentralized finance products and protocols.

Web 3.0 cryptos offer DeFi initiatives by providing staking opportunities to allow multiple users to govern the networks, validate transactions and vote towards community-building projects. Thus, the main users of the platform have a say in controlling the network.

Is Web 3.0 Cryptocurrency a Good Investment?


Since investing in Web 3.0 cryptocurrencies can be promising but also highly speculative and risky, we will look at some of the pros and cons of investing in Web3 crypto in this section.

Potential Benefits of Investing in Web3 Crypto

Innovation and Growth Potential

Web 3.0 aims to create a more decentralized internet, which could revolutionize various industries including finance, supply chain, and digital identity. Projects focused on Web 3.0 often involve cutting-edge technologies like blockchain, smart contracts, and decentralized finance (DeFi), which have significant growth potential.

Different Earning Opportunities

With the growth of web 3.0 cryptocurrency projects, investors can earn crypto-based rewards in multiple ways. Platforms like Yearn.finance offer passive income-earning opportunities via lending aggregators, yield farming, and staking initiatives while GameFi cryptos let users access in-game tokens to participate in Web3 games and battle for cryptocurrency rewards.

Early Adoption Advantage:

Investing in Web 3.0 cryptocurrencies at an early stage could potentially yield high returns if these projects achieve mainstream adoption.

Diversification

Including Web 3.0 cryptocurrencies in your portfolio can provide diversification, as they often operate independently of traditional financial markets.

Decentralization

Web 3.0 cryptocurrencies are built around the concept of decentralization, with no need for third parties such as banks and financial institutions to get involved. Decentralized finance allows each individual to have complete control over their assets.

Automated Market Makers like Uniswap allow individuals to directly access liquidity by making them liquidity providers. Thus, funds can be accessed quickly and can be transferred and swapped at a rapid rate.

Potential Risks of Investing in Web3 Crypto

Volatility

Cryptocurrencies are known for their price volatility. Web 3.0 cryptocurrencies are no exception and can experience significant price swings.

Technological and Adoption Risks

Web 3.0 technologies are still in their early stages. There is a risk that they may not achieve the expected level of adoption or that better technologies may emerge.

Market Speculation

The value of many cryptocurrencies is driven by speculation rather than intrinsic value or utility, which can lead to bubbles and subsequent crashes.

What Influences the Price of Web 3.0 Coins?


Similar to other cryptocurrency assets, web 3.0 coins experience high levels of volatility. Before investing in Web3 coins, it is important to learn about the price movements and the main driving factors of this space.

The Adoption and Usage of dApps

The adoption and usage of decentralized applications (dApps) built on Web 3.0 platforms significantly influence the price of related cryptocurrencies. Increased dApp usage often translates to higher demand for the underlying cryptocurrency used to interact with these applications.

For example, Ethereum’s price is affected by the activity of dApps on its network, such as decentralized finance (DeFi) applications, NFTs, and gaming dApps. As more users and developers engage with these dApps, the demand for ETH (Ethereum’s native token) tends to increase, thereby potentially raising its price.

Level of Network Activity

Network activity, including the number of transactions, active addresses, and total value locked (TVL) in smart contracts, is a crucial factor. Higher network activity indicates greater utilization and can lead to higher transaction fees (in the form of gas fees), which benefits miners or validators and signals a healthy ecosystem.

For instance, Solana has seen price increases when its network activity spikes due to popular applications or partnerships that drive user engagement and transactions on the network.

Protocol Upgrades and Development

Significant protocol upgrades and ongoing development can also drive the price of Web 3.0 cryptocurrencies. Improvements that enhance scalability, security, or introduce new features can make the platform more attractive to users and developers, boosting its perceived value and utility.

For example, Ethereum’s London Hard Fork (EIP-1559) introduced a new fee structure aimed at making transaction fees more predictable and burning a portion of the transaction fees, effectively reducing the supply of ETH. This upgrade was met with positive market sentiment, and after its announcement and implementation, Ethereum’s price experienced a notable increase. Its Pectra Update, scheduled for Q4 of 2024, is expected to have a similar effect.

Macro Economic Factors

The price of Web 3.0 coins, like all financial assets, is influenced by broader macroeconomic factors. These factors can affect investor sentiment, capital flows, and overall market stability, thereby impacting the valuation of cryptocurrencies.

For example, during periods of expansive monetary policy (e.g., quantitative easing), there is often an increase in liquidity in the financial system. This increased liquidity can drive up the prices of assets, including Web 3.0 coins, as investors seek higher returns in alternative markets.

Additionally, periods of high inflation can erode the value of fiat currencies, leading investors to seek alternative stores of value. Cryptocurrencies, often perceived as a hedge against inflation, can attract more investment in such scenarios.

Conclusion


Web 3.0 cryptocurrencies implement decentralization via blockchain technology – allowing projects to offer various DeFi protocols, decentralized applications while providing more autonomy to users. Our top web3 project pick right now is PlayDoge. It’s a play to earn meme token offering holders a chance to earn more the more they interact with the mini-game.

Visit PlayDoge

Web3 Projects FAQs

What cryptos are Web 3.0?

Some of the popular web 3.0 cryptos include PlayDoge, Sealana and WienerAI. Cryptos like Ethereum deploy smart contracts to allow developers to build decentralized applications and network protocols.

How do you invest in Web 3.0?

There are various ways through which you can invest in Web3, including buying crypto, exploring decentralized finance (DeFi), and participating in Token Sales and Initial Coin Offerings (ICOs). Web3 is constantly evolving, with new projects and developments emerging regularly, so the best Web3 investment you can make is by educating yourself and staying up to date.

What is the best Web 3.0 crypto coin?

One of the best Web3 projects is PlayDoge. $PLAY offers a multi-chain token and high staking APY.