With an increasing number of high-throughput layer-1 platforms, there is no doubt that Web 3.0 is about to take off. We may be at the beginning of the era when we will be competing with big technology companies that have gained a lot of power thanks to Web 2.0. Also, given how much potential Blockchain holds in the future, it makes sense to some to start investing in Web 3.0 coin projects. In this article, we will talk about three Web 3.0 coins that analyst Motiur Rahman drew attention to. The analyst says these coins can now be bought at low value for potential high gains. Here are the details…
The first web 3.0 coin on the list: Filecoin
According to the analyst, Filecoin (FIL) is undervalued as it has dropped from $50 to its current price of $5. Despite this decline, the adoption of Filecoin as a decentralized data storage network continues to grow. According to the analyst, this indicates that the intrinsic value of the network is on a growth trajectory.
As this adoption grows, so will the value of FIL tokens as they are the native token of the Filecoin ecosystem. This makes Filecoin a high potential cryptocurrency for both the short term and the long term. Because after the transformation of the internet, even better projects will be followed. “Who knows, it might even surpass Amazon Web Services one day,” the analyst says of Filecoin.
Chainlink (LINK) also offers the opportunity to buy
According to the analyst, as Web 3.0 takes root in society, one of the markets that will change the most is the data oracle market. This is because decentralized networks need decentralized data streams. Chainlink (LINK) is also the most important player in this market. Although it started just a few years ago, Chainlink has grown to become the largest decentralized data network with around 70 percent of the market. Essentially, it has become the de facto data oracle for crypto networks. The analyst uses the following statements:
Blockchain is still in its infancy, and Chainlink, which is expected to be at the center of all industries for years to come, is a particularly good Web 3.0 cryptocurrency to consider today, according to the analyst. In the short term, Chainlink is trading at a massive discount from its 2021 highs. Therefore, if the crypto market experiences a rebound, LINK could be rewarding for those who buy at current prices.
Last coin on the list: Polkadot (DOT)
As Web 3.0 gains traction, scalability will become even more critical. Without a clear path to infinite scaling, decentralized networks may find it difficult to compete with centralized systems. Polkadot (DOT); It is one of the leading Web 3.0 platform in providing viable scaling solutions. Polkadot achieves this through parachains to ensure that it can process as many transactions as possible without burdening the network and increasing costs. Polkadot is trading at a massive discount from all-time highs despite its capabilities. According to the analyst, its technical capabilities and current low price make DOT worth keeping an eye on.
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