Why 5 Tokens Price Increasing? Real World Solutions, Value Provided Evolve Web3.0

5 min read

Investors with foresight, saw that blockchains are changing our world. Decentralized currencies have greatly benefited users. Investors have made huge profits investing in these decentralized protocols. Blockchains are also revolutionizing the internet – taking it from being centrally controlled to decentralized. This article covers five solid Web3.0 projects that are building this next version of the internet and worthy of investment consideration. 

Web 3.0 and crypto adoption: Why is it more important than you think? - The  Economic Times

What is web 3.0?

Web 3.0 is the third version of the Internet. Among them, Web 1.0, with its static pages, is considered the first version and Web 2.0 is thriving thanks to companies like Alphabet and Amazon. Now, Web 3.0 is a new version that can takeover the tech giants. With Meta (formerly Facebook) and other tech companies showing that they don’t always act for the common good, Web 3.0 will take power back from these companies. It is about decentralizing data and offering real world solutions and gives users much more control over their creations and personal information.

If you’re looking to invest in the Web 3.0 internet, consider the following projects:

# 1: Helium (HNT)

Helium is one of the most popular Web 3.0 cryptocurrency projects and has the responsibility of getting the internet into everyone’s hands. The project offers a web service designed to compete with ISP giants like Verizon and AT&T. It uses blockchain along with physical hotspots that allow users to access wireless internet around the world. Users can purchase hotspot hardware that is located in an apartment. If another Helium user wants to connect outside of the building, they can find hotspots and actively connect to them.

This connection method is very beneficial for hardware owners. When someone connects with them, that user will earn HNT tokens. Therefore, providers are encouraged to use hardware in high-traffic areas. In addition, end users will be better rewarded for joining the network and growing the network to become more popular. As more validators and hotspot providers see lucrative opportunities in HNT, end users have more hotspots to connect to.

Helium continues to introduce a number of innovative services by updating the offering from ISPs. Recently the network deployed a group of 5G compatible hotspots to provide the highest possible connection speed.

The network’s native token, HNT, trades at $ 38.4 with a trading volume of $ 33.4 million and a market cap of $ 3.9 billion.

Helium Price Analysis: HNT May Hit Above $18.70 - Cryptocurrency News

# 2: Flux (FLUX)

While Helium provides basic access to the Internet with its product service, Flux is the project that provides developers with the foundation for building this new version of the web. Flux can be thought of as a sandbox for Web 3.0 development. Users can develop Web 3.0 applications and decentralized projects and then deploy them on networks. This is made possible by FluxOS, a decentralized operating system for Flux users. This project also is not taking investment monies from VCs or investors.

Flux invites users and businesses to use FluxOS and the network’s cloud computing capabilities to deliver decentralized applications. The network lists a number of use cases for the services, particularly the Oracle hosted services that aggregate data from across the blockchain web. It is described as the Web 3.0 version of the Amazon Web Services offerings. They are set up to scale and just recently doubled the number of nodes up and running – now over 8000.

Flux gets a lot of attention because it uses a proof-of-work consensus mechanism. Of course, proof of work is becoming increasingly rare in the blockchain world. Cryptocurrency mining has come under scrutiny because of its energy consumption, but it is also an opportunity for users to reap the rewards of having compatible hardware for mining new coins. Users can break down FLUX with computer graphics processors (GPUs), with new data blocks being generated in the throughput network every two minutes.

Related: https://fluxhighway.com/web3-end-to-end-development-decentralized-in-flux-project-nebulous-eliminates-centralized-actors/

A new project was just launched, Jet Pack. It allows developers to easily and quickly setup and launch a dApp. A ‘step-by-step’ guide, complete with screen shots, walks one thru how to make a dApp. Included is information on how to update it and to showcase it. Plus, they are providing customer support for questions and trouble shooting. Plus, the Flux dApp Cost Calculator quickly gives a cost estimate to run it… and it is very reasonable!

It became particularly lucrative during the FLUX price boom. The network is continuously expanding its product range and has recently introduced 30 dApps into the network at the same time. The FLUX price hit an all-time high of $ 2.89, posting a gain of more than 14,000% over the year.

At press time, FLUX is trading at $ 1.87 with a trading volume of $ 14.5 million and a market capitalization of $ 413 million.

# 3: Filecoin (FIL)

Filecoin is like a filing cabinet for Web 3.0. It is a decentralized storage network that serves both as a secure alternative to centralized cloud storage and as a passive way of making money.

Filecoin wants users to be aware that the storage can hold almost any type of data, be it audio files, videos, still images, or text. It also claims to be secure enough for more important data like private company information and records.

On the investor side, they are rewarded for the provision of storage capacities. Anyone can make storage space available to Filecoin users; This is how the network creates competitive tariffs. The provider can provide the network with unused hard drive space to store other people’s data. The sellers then passively earn the FIL. Of course, the more storage a user provides, the more FILs they earn.

FIL is trading at $ 53.4 with a trading volume of $ 493 million and a market capitalization of $ 6.9 billion.

Filecoin - A decentralized storage network

# 4: Polkadot (DOT)

Even if you are new to Web 3.0, you have probably heard of the Polkadot Network. With a market capitalization of over $ 35 billion, DOT is the ninth largest cryptocurrency on CoinMarketCap. It is also the network that leads the way into the Web 3.0 era thanks to its rigorous efforts to usher in a fully decentralized Internet through parachains.

In fact, polkadot parachains are very popular with developers. In contrast, developers have to “fight” for their own chain through parachain auctions. Currently only 100 parachains are supported and it is only open to developers. The first Parachain auctions started in early November, with 10 projects competing for crowdfunding. After the first auction, Acala was the winner with over $ 1.3 billion DOT.

In addition, Polkadot is a popular Web 3.0 game of the project that knows how to take care of its projects. The network spends nearly $ 1 billion in assets to fund the development of projects.

DOT is trading at $ 35.9 at press time with a trading volume of $ 1.1 billion and a market capitalization of $ 35.5 billion.

Polkadot (DOT) Logo Vector (SVG, PDF, Ai, EPS, CDR) Free Download -  Logowik.com

# 5: Kusama (KSM)

Investing in Kusama is a detour via polkadot. Kusama only exists as an experimental network of Polkadot. The developers call it the “canary net”, an allusion to the story of the canary in a coal mine. Think of Kusama as a pimple and a shovel in Web 3.0 development.

Kusama has set up and carried out many projects because the network is the benchmark for the success of Parachains. Developers use Kusama to solve problems related to their projects; Kusama exists for Polkadot to find the bugs and fix them before full release. Just like polkadot, projects compete for a spot on the Kusama network through parachain auctions. After a project wins, Kusama will use it as a training ground before moving to Polkadot. Users can use Kusama applications normally, and developers can find and fix any bugs or inconsistencies before moving to Polkadot and getting wider distribution.

Kusama may be a better short term investment bet as the network is older and stronger. However, Polkadot is sure to catch up as it continues its auctions and raises billions of dollars for crowdfunding.

The network’s native token, KSM, trades at $128.25 with a trading volume of $ 29.65million and a market cap of $ 1.06 billion.

The First Parachains Launch on Kusama

In Conclusion

There are a number of projects that are well on their way to building out Web3.0. These projects have been up and running for awhile and are doing well – providing solutions that are working and developing more. Each one’s approach is a little different and some are providing different components. Web 3.0 is happening and will change our world just like Web1.0 and Web2.0 did.

Although the material contained in this website was prepared based on information from public and private sources that Fluxhighway.com believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and Fluxhighway.com expressly disclaims any liability for the accuracy and completeness of the information contained in this website. 

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