Top 3 Cryptos That Can Have 10x For The Web 3 Boom in 2022
Web 3.0 is using blockchain technology and distributed ledger technology in order to give individuals the power to monetize their own data. It’s putting the value layer that exists in the real world. Let’s have a look at top 3 10x Cryptos For The Web 3.0 Boom.
The first altcoin to mention is Terra (LUNA). Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
It’s much safer to invest in the infrastructure that people are developing these applications on rather than invest in one single product. It is actually hyper-deflationary and somewhat of a store of value.
This is the first altcoin that can easily 10x this year based on the amount of development and the adoption of the UST stablecoin which is the stablecoin attached to the Terra ecosystem.
LUNA is trading at $85.12 and the market cap is over $30 billion.
LUNA Chart | Source: Coinmarketcap
The second altcoin on the list is Quant (QNT). Quant launched in June 2018 with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first blockchain operating system.
Quant is able to create applications that utilize the power of all of the smart contract platforms and blockchains. People can use Quant to create an application and based on transactions per second on a certain blockchain.
Quant depends on the sentiment of the market. Users can stake Quant on and then earn passive income. There is a lot of things to look forward to in 2022. It is changing hand at $179.92 per QNT at press time and the market cap is over $2 billion.
QNT Chart | Source: Coinmarketcap
The last altcoin to mention is Kadena (KDN). Kadena is a public blockchain that aims to optimize for scalability and provide a level of security similar to Bitcoin. Kadena also uses a new Proof-of-Work consensus mechanism called Chainweb, which consists of multiple individually mined chains, working in parallel to execute network transactions.
It is a proof-of-work blockchain which is the same consensus model that Bitcoin and Ethereum have. Kadena has basically created an unlimitedly scalable version of proof-of-work, called the chain web.
They’re going to have DeFi they’re going to have nfts all of this stuff built on top of Kadena. It could easily be 10x with the crypto market this year because smart contract platforms that NFTs, DeFi, all these applications are being built on. The demand is there from developers these projects are going to explode. KDN is trading at $10.95 for now and the market cap is nearly $2 billion.
KDA Chart | Source: Coinmarketcap
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