10 Best Web3 Coins To Buy in April 2024

Web3 cryptocurrencies provide access to decentralized web applications such as play-to-earn games, decentralized exchanges, and blockchain networks.

These cryptocurrencies have attracted the attention of investors in 2024 as the web3 and crypto space continues to grow. It is predicted that the web3 market will reach $30 billion by 2030, providing excellent returns to early investors.

As the demand for promising web3 remains prominent, a number of new tokens are launched onto the market each week. With so many tokens to choose from, it can be difficult to know which coins are actually worth investing in.

To help you find the best web3 coins to buy in 2024, our team spent time reviewing a selection of different tokens and narrowed these down to the top 10 options. In this article, we will take a closer looks at the top web3 cryptocurrencies as well as why we think that they have potential for the coming year.

Scotty The AI (SCOTTY)

• The latest AI based crypto project that will transform the security of the blockchain space
• Early presale investors will receive guaranteed returns
• Stake SCOTTY to receive passive rewards

Project Launched

February 2024

Purchase Methods

• 
  ETH
• 
  USDT
• 
  Debit

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What is Web3 Crypto?

Web3 cryptos are tokens that support or provide access to web3 applications. This could include decentralized exchanges, blockchain networks or play-to-earn games. These crypto coins can often be used to build decentralized applications and are produced by web3 projects to incentivize network participation.

Web3 cryptocurrencies enable new projects to raise funds for development and expansion. They also act as a form of currency in the decentralized space which enables users to interact with different applications and decentralized autonomous organizations (DAOs).

How is Web3 different from crypto?

Web3 and cryptocurrencies are often placed under the same umbrella because they both use blockchain technology. However, they are not the same.

Web3 refers to the third generation of the internet that will use blockchain technology to create a decentralized web. This means that there will be no central authority which will facilitate anonymity and improve access to development.

Crypto is a decentralized digital currency that can be used within web3 to access applications. Most web3 projects have a native crypto token that can be used as a currency to buy digital assets, conduct transactions, vote or access exclusive elements. Cryptocurrencies are built on and sent across blockchain networks and secured by cryptography. Web3 crypto refers to any crypto coins that are native to a web3 project.

Why Invest In Web3 Crypto in 2024?

Web3 cryptocurrencies are a relatively new type of digital asset that have attracted the attention of investors for several reasons.

Web 3.0 is still in development

Much of the appeal of web3 cryptocurrencies comes from the fact that web3 is still an emerging technology. Therefore, many of the tokens are considered to be undervalued.

The term web3 was coined in 2014 by blockchain company founder Gavin Wood. The technology has expanded significantly since then and is predicted to continue growing until mass adoption occurs. By 2033, the web3 market is predicted to be worth $116.15 billion which represents huge growth from the current market valuation of around $27 billion (last updated 03/01/2024).

By investing during the early stages of development, investors hope to see returns on their portfolios.  Therefore, web3 cryptos could be a good way to diversify a long-term investment portfolio.

Diversification

Investing in web3 crypto projects is a good way to diversify your portfolio with tokens that have unique utility. Diversification is a popular risk management strategy that reduces the impact of a loss on your portfolio.

This involves investing in a basket of different crypto coins that have unique utility, tokenomics and fundamentals. If one token takes a hit, there is a chance that the others will cancel out any losses that you may have made.

The cryptocurrency market is prone to volatility and not all coins will perform in line with each other. It is very normal for coins to lose value whilst others experience a bull run. By spreading your investments across numerous tokens, you can minimize the impact of a sudden loss and increase your chances of investing in a token that could go up.

Decentralization

Investing in web3 cryptocurrencies will provide you with exposure to decentralization, which is one of the main benefits of web3.

The concept of decentralization started to be included once Bitcoin was the first cryptocurrency to hit the market. This means that by using decentralization, third parties are eliminated from having to be part of the process for a transaction to be successful.

Today’s internet must require service providers to stand between the user and a website. However, this can be somewhat controversial as centralized providers maintain absolute control over access to the World Wide Web.

However, if Web 3.0 establishes itself as decentralized, data from websites will be stored on multiple servers worldwide. This signifies that anyone can access this information and cannot be restricted or denied.

A Review of The Best Web3 Cryptos in April 2024

We spent time analyzing a number of top web3 projects to find the best crypto coins to consider adding to your portfolio in 2024. Each of the tokens discussed provide access to web3, have strong utility and positive price predictions for the coming year.

1. Scotty The AI (SCOTTY) – The first AI-powered blockchain security web3 crypto project

Scotty The AI is a brand new web3 token that recently launched its presale event. SCOTTY is the native utility token of the Scotty AI ecosystem – an AI-powered security system that will work to increase transparency in the blockchain space.

Scotty The AI will be able to analyze complex code to spot signs of potential fraud and offer intelligent solutions. The platform is incredibly powerful and aims to become a recognizable symbol of security in the crypto space.

To achieve these long-term goals, Scotty The AI will harness the power of meme culture to build a strong community of supporters and generate investor interest. Although it is not a traditional meme coin, SCOTTY is based on a cartoon Scottish Terrier who possesses incredible powers that could save the crypto realm. This adds an element of fun and excitement to the project.

Token holders will be able to stake their SCOTTY coins for passive rewards. Investing also provides access to the Scotty chatbot companion which will provide investors with exclusive market insight based on real-time data. The Scotty AI presale is underway and this might be the only time that investors can buy SCOTTY at an undervalued price.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

2. Chainlink (LINK) – Best Web3 Crypto Project That Facilitates The Movement of Data Between Chains

Chainlink (LINK) is both a cryptocurrency and a technology platform designed to establish secure connections between non-blockchain entities and blockchain platforms. It acts as a bridge connecting blockchain-based smart contracts to external data sources, such as baseball scores or stock prices.

The LINK token, which is the platform’s native token, serves the dual purpose of compensating Chainlink’s network operators and ensuring the integrity of smart contract agreements within the network.

Chainlink uses blockchain technology to facilitate computation in a secure manner, both inside and outside the blockchain, supporting what it calls hybrid smart contracts.

Organisations using Chainlink have access to all major blockchain networks, including Ethereum and Solana. The Chainlink blockchain is built on the Ethereum platform, which uses a proof-of-stake protocol to ensure security. In addition, Chainlink is an open source blockchain initiative, allowing anyone to view the project’s source code and actively participate in its development.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

3. Ethereum (ETH) – The second largest crypto by market cap and best crypto for web3

Ethereum is located at the center of Web 3, making it one of the best crypto tokens for web3 investors. The Ethereum blockchain hosts a large number of web3 projects including some of the biggest exchanges, d’apps and games.

As well as being a key component of the web3 space, Ethereum is also the second largest crypto by market cap. At the time of writing, the token has a market capitalization of $267,722,617,336 (updated 04/01/2023). Furthermore, many crypto watchers consider ETH to be the best sustainable alternative to BTC and believe that it could rally in line with the upcoming Bitcoin bull run.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

4. Decentraland (MANA) – Best Web3 Gaming Crypto That Provides Access To The Metaverse

MANA is the native token of Decentraland – a web3 metaverse world through which users can invest in virtual real estate. The platforms functions as a central marketplace to facilitate the buying and selling of real-estate within the web3 ecosystem.

As web3 continues to grow, Decentraland will play a pivotal role in providing access to metaverse lands. Through the platform, users can build, socialize and enjoy virtual events.

Users can use their MANA tokens to invest in plots of land and build their own virtual worlds. These can then be minted as NFTs and sold through decentralized marketplaces.

In 2022, a number of major brands bought land in Decentraland including Samsung and Adidas. These properties can be used for advertising and hosting events within the virtual realm in  a new era of web3 marketing.

MANA is one of the best web3 tokens to buy because it offers unique utility compared to many other web3 projects.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

5. The Graph (GRT) – Web3 token that supports the storage of data across blockchains

The Graph is a web3 software that is used to store, transfer and support the retrieval of data from numerous blockchain networks. The Graph facilitates the efficient retrieval of information, which is integral to improving the accessibility of web3.

The software is supported by the native token, GRT. The token is used to incentivize participants and to carry out governance, enabling seamless communication on the platform. Investors are encouraged to stake their GRT for passive rewards and use the coin for payments. GRT can also be used to access the software and perform subgraph queries.

As adoption of web3 increases, there will be an increase in the need to retrieve data. The Graph will be at the center of this and early investors could benefit from a spike in demand for GRT.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

6. Polkadot (DOT) – Top web3 project that supports interopability of blockchain networks

In recent years, more blockchain projects have focused on general infrastructure improvements rather than developing specific applications. One example is Polkadot (DOT), which is one of the most successful projects aimed at improving the underlying technology behind decentralised applications (dApps).

Using the network’s native token, the Polkadot ecosystem aims to solve many of the problems currently facing blockchain networks, including scalability and security issues.

The Polkadot Token (DOT) plays two essential roles in the Polkadot Network ecosystem. First, it is a governance token, giving its holders the right to influence the future of the protocol, and it functions as a resource for staking, a process by which the Polkadot Network validates transactions and issues new DOT tokens.

The team behind DOT spent 2023 building the community and developing the underlying technology. Therefore, the token is in a good position to do well in 2024.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

7. Uniswap (UNI) – The largest decentralized exchange to buy web3 cryptos

Uniswap is known for being the largest DEX that houses over 1200 cryptocurrencies. The exchange is built on the Ethereum blockchain network and is used by investors around the world to access coins and currency pairs that are not otherwise available on centralized exchanges. The most popular trading pair on the platform is USDC/WETH.

The DEX is supported by the UNI token – an ERC20 utility token that is used to give governance rights and to reward users who lock up their crypto holdings.

The UniSwap decentralized exchange is set to play a big role in the expansion of web3 because it provides access to small cap web3 tokens that are not available on centralized exchanges. Therefore UNI could be a good coin to add to your portfolio right now.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

8. Ripple (XRP) – The most undervalued web3 crypto that supports a leading blockchain network

The XRP token has been taking over headlines recently due to its recent victory over the SEC in a multi-year court case. The firm behind the token, Ripple, was accused of carrying out securities fraud by selling XRP to retail investors.

The victory has put the spotlight on to the price of XRP, which is predicted to go up now that the case is over.

The Ripple blockchain is considered to be the fastest and most affordable network in the web3 space. The chain has a transaction time of 3-5 seconds and fees from just $0.0002. This makes it a very competitive web3 project and one of the most widely used blockchain networks.

However, XRP has a history of volatility due to regulatory uncertainties. Therefore, you should only invest with money that you can afford to lose.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

9. Internet Computer (ICP) – Unique web3 token that will enable end-to-end decentralization

Internet Computer is a wbe3 system that aims to provide the first ‘world computer’ that can be used to build any applications and systems. The innovative blockchain network will be entirely flexible and hopes to improve accessibility and encourage development.

The system is supported by the ICP utility token. ICP tokens provide a source of ‘cycles’ that are burned to power the system. When ICP is converted into cycles, it disappears which creates a deflationary tokenomic design. ICP tokens can also be staked by holders for voting rights within the ecosystem which encourages long-term holding.

10. Filecoin (FIL) – A decentralized storage network that will be used to store humanity’s ‘most important’ info

Filecoin is an interesting web3 project that was created to store important information on the blockchain. The system allows users to rent storage space and democratizes access to data. The point of the system is to make blockchain data storage more efficient.

FIL is the native currency of the network that is used by clients, storage miners and retrieval miners. The platform incentivizes participation by offering FIL rewards to miners. Clients must hold FIL to pay for the storage or retrieval of data. The price of retrieving data is set by the open market.

FIL tokens are burned to provide computational power to the network. This creates a deflationary tokenomic structure which will increase the value of FIL over time. At the time of writing, over 38 million FIL tokens have been burned.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Conclusion

Investing in web 3.0 cryptocurrencies is a good way to diversify your portfolio, increase your exposure to new technology and to take advantage of the potential expansion of web3.

The best web3 cryptos to buy in 2024 are Scotty The AI (SCOTTY), Chainlink (LINK) and Ethereum (ETH). However, there are a number of other promising tokens that you could consider.

When choosing a web3 project to invest in it is important to consider tokenomics, usability, fundamentals and the underlying technology of the project. The best web 3.0 cryptocurrencies have a robust design that will expand alongside the wider web3 ecosystem.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

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