Web3 Coins to Have in Your Portfolio

The world of cryptocurrency is growing at an exponential rate. New coins and tokens are introduced daily, with more innovative ideas coming to the fore. Over 9,000 digital currencies are listed on CoinMarketCap, with a combined market cap of over $900 billion.

As such, there are plenty of opportunities for investors looking to take advantage of this new asset class. However, selecting the right ones can be challenging, given the number of coins available.

Investors need to identify which coins have the potential for long-term growth to mitigate risk as much as possible. This article will explore some of the most promising Web3 coins to add to your portfolio.

1. Ether

Ether

Ethereum is the platform on which many of the other coins and tokens listed here are built. It is a “decentralized computer” where developers can create and execute smart contracts. By building on Ethereum, these new coins can leverage its extensive network of users, which will help with their mainstream adoption.

Ethereum’s native token, Ether (ETH), is the third most valuable cryptocurrency after Bitcoin, with a total market cap of $141 billion. You can purchase the tokens from an online trading platform or an investment broker.

There are several reasons why Ethereum is a good investment right now. It is the world’s second-most valuable crypto by market cap and has been around since 2014. Also, it supports most of the top 100 coins in the market, which bodes well for the platform’s usage and the future development of its ecosystem.

2. Neo

Neo is often referred to as “China’s Ethereum” and is similar to Ethereum. It is a smart contracts network where developers can create decentralized applications (dApps). It means that, unlike Ethereum, there are no plans to integrate a “fee for service” model.

It is also worth noting that the Neo blockchain is Chinese, which could make it popular in Chinese markets and facilitate Chinese government initiatives.

 There are several reasons why Neo is a good investment right now.

  • First, it is China-based, meaning it could benefit from increased adoption in the Chinese market.     
  • Second, it is among the few coins listed on the “Big Three” exchanges (Binance, OKEx, and Huobi).
  • Third, Neo is cheaper than Ethereum, with a market cap of $675 million.

3. Ripple

Ripple

Ripple (XRP) is a real-time gross settlement system and currency exchange network that aims to enable seamless global payments between any two parties. Ripple is a centralized network run by the Ripple company.

The Ripple network is a distributed ledger for global payments in any currency. Ripple is not a coin but a token used to transact on the Ripple network. It has a total market cap of $15 billion.

Reasons why Ripple is a good investment right now include:

  • It is one of the largest coins in the market.
  • It boasts a vast network of financial institutions that use its network to facilitate global payments.
  • The token is relatively cheap at just $0.31.

4. Litecoin

Litecoin

Litecoin is often referred to as “Silver to Bitcoin’s gold” and is a decentralized open-source network for confirming and executing transactions processed faster than Bitcoin.

Notably, Litecoin also uses a different mining algorithm than Bitcoin, meaning miners can switch from mining Bitcoin to mining Litecoin as and when it is more profitable.

There are several reasons why Litecoin is a good investment right now.

  • It is cheaper than the other digital currencies, with a market cap of $3.1 billion.
  • Secondly, Litecoin is one of the first altcoins to be launched after Bitcoin, so it has longevity.
  • Litecoin also offers many of the same features as Bitcoin but with some slight improvements, such as faster transaction times and lower transaction fees.

6. Bitcoin Cash

Bitcoin Cash

Bitcoin Cash (BCH) is a Bitcoin (BTC) fork that enables lower transaction fees and larger block sizes.

BCH aims to make Bitcoin processing cheaper and faster and thus become a better-decentralized payments network than Bitcoin. BCH has a market cap of $2.5 billion.

Reasons why BCH is a good investment right now:

  • It is cheaper and has a lower market cap than BTC.
  • BCH has been listed on several major exchanges and is among the most valuable coins in the market.

7. Stellar

Stellar is a decentralized blockchain-based technology that facilitates low-cost and quick cross-border transactions. It does not use a ledger as Ripple does.

Stellar’s native token Lumen (XLM) has a market cap of $2.7 billion. The token facilitates transactions on the Stellar network and functions as a “network currency.”

Stellar’s technology has the potential to become a hit among developers since it is straightforward and does not require in-depth knowledge of blockchain technology.

8. Filecoin

Filecoin is a decentralized network for the storage and retrieval of data. Unlike other storage services, Filecoin is a peer-to-peer network allowing people to rent out their unused hard drive space and earn a profit. Anyone with an internet connection and a hard drive can make money by hosting files.

Filecoin’s native token is listed as a security by the Securities and Exchange Commission and registered as a security. Filecoin’s technology has the potential to be a hit among developers since they can use it to store data without paying large amounts of money to centralized cloud storage providers like Amazon or Google.

Conclusion

 

The cryptocurrency market is still relatively new, and there are still many uncertainties surrounding it. Diversifying your portfolio and having a balanced mix of coins based on their utility, use case, and growth potential is essential. If you keep these coins in your portfolio, you can mitigate risks as much as possible. You will be able to profit from the growth of the Web3 ecosystem as a whole, and these coins could be suitable long-term investments.

Red Note: 3 June 2022

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Zain Liaqat
Zain Liaqat
I’m Zain Liaquat, and I have expertise in SEO Content writing, and have a great command of SEO! I am the founder of 12Disruptors as well as Rabbits Foot Enterprises and Getsmeup. These are the most powerful blogging sites all over the USA! And mostly I like to spend my time while reading novels, writing content on different trending topics from all over the world!

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