When Web1 came, it was just limited to answering and viewing simple questions with all boring-looking static web pages, but that phase marked the beginning of the internet and online content publishing. With further developments, Web2 was introduced- which enabled us individuals to be part of online content creation, share things, email, socialize and connect with others in a new way, and much more. But this phase also has major challenges like users’ privacy and data sharing, which was centralized and controlled by third parties. This led to the rise of what we call, Web3– a space where users have full control on their data and platforms are ruled by communities not companies.
Web3 is still in its nascent stage, but it holds immense power in shaping the future of digital content ownership and unveiling a new era of a vibrant and thriving digital economy. In this article, we will discover some Top web3 tokens you should look out for in 2023, to participate in this technology.
Polkadot is a decentralized blockchain network built with the aim to resolve interoperability and communication issues faced by blockchains. For this, polkadot protocols employ a relay chain architecture that connects several independently operating blockchains or parachains together, allowing them to exchange data and process transactions securely.
Polkadot allows customizable parachains to run in parallel with blockchain, improving its transaction throughput. Additionally, the Polkadot protocol also implements parathreads and bridges to the network that are highly scalable, reliable, and user-friendly to create and deploy various web3 applications. DOT is the native token of Polkadot utilized for staking to secure blockchain and for governance purposes.
Polkadot Decoded event is going to be held on June 28 & 29 in Copenhagen and online. This program has several side events, Social hour, On-chain web3 discussion, and a hackathon with a $20,000 prize pool.
1/ #PolkadotDecoded 2023 is almost here!
🧵Check this thread for the latest info on the official venue, tickets, conference program, watch parties, and more.
— Polkadot Decoded (@PolkadotDecoded) June 27, 2023
Read More: Top Web3 Alternatives to Web2 Apps
DOT Price Prediction 2023
- DOT price today is trading at $4.98, with a 24-hour trading volume of $186 million. The DOT price has risen by 1.65% during the last 24 hours with its market cap of standing at $6 billion as on June 30, 2023.
- DOT price had displayed strength in the Q1 of 2023 with a recovery of over 76% in price from a YTD low of $4.24. But it has been in a downtrend after rejection from resistance at $6.93.
- The bulls have managed to pull DOT price and if the same sentiment continues, DOT price might soon cross $5.50
Chainlink is a decentralized network of oracles that aims to expand capabilities of blockchain smart contracts by enabling them to receive data from external sources without the involvement of third parties. When a smart contract requires data it creates a request to the Chainlink network, which is then fulfilled by nodes present in the network. These nodes retrieve data from various sources, such as APIs, other blockchains, IoT devices etc., and deliver it to the smart contract of the desired blockchain.
Chainlink incentivizes operator nodes for their service with its native LINK token. The main feature of Chainlink is, it bridges the gap between real-world data(like price feeds, payment data etc. ) and blockchains to build robots web3 and DeFi applications
In the latest, Offramp DeFi protocol has joined the Chainlink Build program to leverage oracles data feed and provide users with a more secure and decentralized platform.
🏗️ #ChainlinkBUILD 🏗️@OfframpXYZ is joining Chainlink BUILD to gain enhanced access to Chainlink’s industry-leading oracle services and technical support, which helps support the security & use of its decentralized on/off-ramp for Web3.
In return, Offramp will make 4% of its… pic.twitter.com/B3cKrtFZ2S
— Chainlink (@chainlink) June 27, 2023
LINK Price Prediction 2023
- LINK price today is trading at $6.44, with a 24-hour trading volume of $222 million. The LINK price has risen by 2.62% during the last 24 hours with its market cap of standing at $3 billion as on July 02, 2023.
- LINK price has recently formed a death crossover of 200-day and 50-day moving averages following a breakdown from its higher high lower highs pattern.
- However, LINK price has managed to sustain, recovering over 25% from a low of $4.98. There is a possibility that it might go upto $6.79.
Internet Computer Protocol or ICP was launched in 2021 by Definifty Foundation, a non-profit organization based in Switzerland. It is a public blockchain project that connects independent data centers across the world together to provide decentralized cloud services. It enables software applications, social media platforms, web hosting and others to build and operate in a distributed manner on a blockchain.
It utilizes native token ICP for utility purposes and is governed by an advanced permissionless DAO-Network Nervous System (NNS) which controls and manages the network.
Last week, ICP expanded its web3 space with the launch of ICP.Hub in Dubai and introduced new websockets with proof-of-concept and verifiable credentials with internet identity features.
The Internet Computer Protocol’s relentless drive to revolutionize #Web3 continues to accelerate.
Let’s review some powerful strides 🏃♂️made by ICP in the past week 🧵👇 pic.twitter.com/1djFlCJrLc
— DFINITY (@dfinity) June 27, 2023
ICP Price Prediction 2023
- ICP price today is trading at $4.14, with a 24-hour trading volume of $10 million. The DOT price has dropped by 1.02% during the last 24 hours with its market cap of standing at $2 billion as on July 02, 2023.
- ICP price has formed a death crossover of 200MA and 50MA moving averages, but it had a bearish divergence from oversold region as per RSI indicator.
- This correction in ICP price can be attributed due to overall weakness of crypto markets, thus recovery in the market sentiment can aid in recovery of ICP price too.
Filecoin’s decentralized network allows anyone to rent their digital spare storage for other users to utilize and incentives them. As more and more users join the network, it creates a large data storage pool which can be used to satisfy the increasing demand of computational storages in the world. Filecoin aims to address privacy and centralization concerns of users’ data, through its censor-ship resistant network.
Filecoin operates in opensource manner so its network governance is defined by community members and its native token FIL is used for transaction payment and other network processes.
Filecoin has partnered with Spheron to make a web3 infrastructure to empower developers and startups with FVM chain, improving the utility of Filecoin exosystem.
📢 Exciting news! 🚀 We are revolutionizing Web3 Infrastructure with @Filecoin integration on the FVM chain. 💻💰
Leveraging FIL as a native payment method, Spheron empowers startups and devs, driving adoption rates and increasing utility for the entire Filecoin ecosystem. 🌐💪 pic.twitter.com/qCmX4EvbQX
— Spheron – Scale your dApp with Web3 Infra (@SpheronFDN) June 27, 2023
FIL Price Prediction 2023
- FIL price today is trading at $4.06, with a 24-hour trading volume of $153 million. The FIL price has dropped by 0.39% during the last 24 hours with its market cap of standing at $2 billion as on July 02, 2023.
- FIL price had a great start in 2023, recovering around 186% of price within a period of one and half month. However, similar to others it is also impacted by overall weakness of the market.
- FIL is trading near its 50-day moving average and if it rises above this, we might see a slight surge in its price in the upcoming time.
Additional Read: Top AI Web3 Crypto Projects
Stacks is a scaling solution for the OG Bitcoin network, it adds smart contract functionalities on the top of Bitcoin allowing developers to leverage from locked capital of Bitcoin. To achieve this, Stacks utilizes a unique Proof of Transfer (PoX) consensus and turing incomplete programming language Clarity. It processes transactions at a faster rate and very low costs on Stacks blockchain layer and then settles them on the Bitcoin network.
Main feature of Stacks is, it enables creation of NFTs, decentralized applications and DeFi projects on Bitcoin which was previously not possible due to lack of smart contracts. STX is native tokens of Stacks network used for fee payment, staking etc within its ecosystem.
Stacks’s Xverse bitcoin wallet app has partnered with OKX to introduce stacking of STX for earning Bitcoin BTC rewards in the Xverse pool.
🔥NEW🔥 Xverse partners with @okx 🚀🚀
— Xverse – Bitcoin Wallet for Web3 (@xverseApp) June 22, 2023
STX Price Prediction 2023
- STX price today is trading at $0.684, with a 24-hour trading volume of $48 million. The STX price has risen by 0.22% during the last 24 hours with its market cap of standing at $950 million as on July 02, 2023.
- STX has been one of the top crypto performers in 2023, gaining over 450%. It also had corrections for almost three months.
- But STX price has managed to breakout from the downtrend and so it looks optimistic for STX price as of present.
At its core, this protocol embodies decentralization, offering users a solution for indexing and querying data across a multitude of blockchain networks like Ethereum, POA, and IPFS. Blockchain network works through a huge amount of data which is difficult to query, Graph solves this issue by letting developers access this data in an efficient manner and utilize them in creation of decentralized applications.
Graph indexes data similar to how Google provides results when a user searches a specific keyword, but in query language-GraphQL. Graph network utility token GRT is based on Ethereum blockchain and is used as payment fees, staking and rewarding network delegators.
The Graph is participating in Zero to Dapp Day on July 18 at Encode Club hacker House in Paris, where web3 builders and teams will come together to discuss and work on future web3.
Come to @EthCC for the Zero to Dapp Day on July 18th at the Paris Hacker House!
Connect with some amazing web3 teams and builders, build along with a ton of awesome folks, and eat some great pizza and beer.
— Kyle Rojas | Working on The Graph (@kyleArojas) June 27, 2023
GRT Price Prediction 2023
- GRT price today is trading at $0.1134, with a 24-hour trading volume of $67 million. The GRT price has risen by 6.66% during the last 24 hours with its market cap of standing at $1 billion as on July 02, 2023.
- GRT price has performed greatly this year with a rise of more than 270% within one month, but it has been trading in a closed range for a longer run after that.
- GRT price has formed a death crossover in 1-day chart but the price sentiment still seems bullish and it might rise upto $0.15 soon.
Read On: Future Web3 Video Games
Render Network is a decentralized network built on top of Ethereum that offers GPU computing power to users in need at fractional costs and in-house rendering speed.
Users with spare GPU resources can also rent their computing power on the network to become operator nodes and receive RNDR rewards in return. RNDR is an ERC-20 based token utilized within the Render Network.
When someone submits a task for rendering on the Render portal, the protocol system calculates its task cost that the user is required to pay. The paid tokens and render details are attached to smart contracts and sent to Render Network, where it is matched with an operator node who completes the rendering job and receives tokens.
Render has recently introduced RFC (Request For Compute), a process specifically designed to enhance network use cases and applications in AI, big data, virtual reality and more.
Exciting news! Render is introducing a new process for supporting expanded compute applications on the network’s ecosystem: Request For Compute (RFC)!
Here’s everything you need to know: 🧵https://t.co/lT63uaKPpj
— The Render Network (@RenderToken) June 16, 2023
RNDR Price Prediction 2023
- RNDR price today is trading at $2.13, with a 24-hour trading volume of $62 million. The RNDR price has risen by 6.16% during the last 24 hours with its market cap of standing at $785 million as on July 02, 2023.
- RNDR price performance has been bullish overall, gaining more than 570% and to date it is still up by 410% from price in January.
- The near resistance of RNDR price is residing at $2.28 and if RNDR price rises above this level, it might soon touch new highs.
Theta Network is a peer-to-peer platform that provides blockchain powered video streaming solutions for high-quality video content delivery. The platform operates through a distributed network of users who share bandwidth and computational resources. Theta aims to reduce high streaming costs of traditional service providers and improve content quality with its decentralized Theta Blockchain and protocol.
Theta blockchain is based on Proof of Stake and operates EVM compatible smart contracts, so devs can also use it to build and deploy dApps. Theta network growth is fueled by native token THETA, which is used to incentivize resources providers and content viewers.
Recently, a billing dashboard feature has been added to Theta Video API. With this users can add credit card details to their account to pay for services and any usage on the platform will be billed automatically against the payment method.
Theta Video API has now enabled the Billing Dashboard, a key new feature to becoming a fully-fledged decentralized competitor to existing cloud service providers. This is the 1st step toward monetization of the TVA service, which will allow Edge Nodes to earn TFUEL for providing… pic.twitter.com/PFfgVggbgQ
— Theta Network (@Theta_Network) June 14, 2023
THETA Price Prediction 2023
- THETA price today is trading at $0.7736, with a 24-hour trading volume of $12 million. The THETA price has risen by 3.17% during the last 24 hours with its market cap of standing at $772 million as on July 02, 2023.
- THETA price has also formed a death crossover of 200MA and 50MA in 1-day trading chart and it has lost around 49% of price since May.
- However, THETA price is slowly recovering and if it sustains above 50MA, it might go upto $0.85 price.
CFX is native token of Conflux, a blockchain platform based on the unique Tree-Graph consensus that provides a more secure and scalable network to build dApps and web3 protocols, than the existing networks. The network runs on Proof of Work blockchain but is EVM compatible and utilizes turing complete smart contracts with Solidity programming language similar to Ethereum.
Conflux blockchain structure is designed so it can process and confirm multiple transactions simultaneously, increasing network throughput to 6000 transactions per second, without compromising security and decentralization. CFX tokens are used for transaction fees, governance, storage renting and staking to earn rewards.
Conflux has joined hands with NuLink, privacy service provider to provide protection services for encryption and privacy of the Conflux ecosystem.
📣 We’re excited to partner with @NuLink_ to offer our ecosystem encryption and privacy protection services 🤝
— Conflux Network Official (@Conflux_Network) June 23, 2023
CFX Price Prediction 2023
- CFX price today is trading at $0.2067, with a 24-hour trading volume of $64 million. The DOT price has risen by 2.52% during the last 24 hours with its market cap of standing at $613 million as on July 02, 2023.
- CFX price had dramatic price movements this year, with overall remaining bullish, it recently dropped to $0.17 following rejection from resistance level at $0.33.
- If CFX price strengths and market sentiment reverses to positive, CFX price might witness a significant increase.
Injective is a layer-1 blockchain protocol built specifically for DeFi applications with Cosmos SDK and Tendermint’s consensus. It provides a robust censorship and front-running resistant, trustless financial ecosystem for seamless swapping, spot trading, and other financial applications to resolve poor liquidity and high latency of traditional DEXs.
Furthermore, Injective is interoperable with various blockhains including Ethereum, Moonbeam, Solana and other IBC-enabled chains like CosmosHub. INJ is native token of Injective which serves multiple purposes including staking to ensure network security, governance, transaction fees, and rewarding participants.
Injective has integrated an AI search feature in its platform, using developers can ask questions to this AI search lens and it will provide them with relevant information when building on Injective.
Injective AI Search is here 🔎
Developers can now use the Open AI stack to rapidly ask, search and find relevant info when building on @Injective_.
— Injective 🥷 (@Injective_) June 27, 2023
INJ Price Prediction 2023
- INJ price today is trading at $8.71, with a 24-hour trading volume of $59 million. The INJ price has risen by 4.43% during the last 24 hours with its market cap of standing at $697 million as on July 02, 2023.
- INJ price rose by more than 640% in the first quarter of 2023 and touched a YTD high of $9.88.
- There seems to be a bullish market sentiment in INJ price and if it sustains above resistance level at $9.3, it can possibly touch new price heights.
In conclusion, these projects have the potential to shape the direction of upcoming developments in web3, however as they are highly unpredictable so one should always do their own research and understand the project thoroughly, and apply risk management strategies before investing in the crypto market.
How to Invest in Top Web3 tokens 2023
Investing in Top Web3 tokens of 2023 is now easy, secure, and safe with the CoinDCX app. All you have to do is download the CoinDCX app from playstore and follow the below steps to start your crypto investing journey:
- Once you have downloaded the app, register with your details
- Complete KYC and verify mobile & email
- After Verification, add funds to your wallet
- Buy any DOT, LINK, ICP, FIL, STX, GRT, RNDR, THETA, CFX, or INJ