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- Web 3.0 market is growing at a CAGR of 43.7%
- Betting on Web 3.0 needs coins like Polkadot, Theta, and Filecoin
- The Web 3.0 market is expected to reach 23.3 Billion USD
Market movers across the globe are keeping a close look on the wrecking technology Web 3.0. Some of the analysts from around the globe are assuming it will be a bigger boom than Web1.0. The first version was launched and changed the face of the world completely from interacting and doing business for good.
The Web 3.0 market is expected to grow at a CAGR of 43.7% and reach 23.3 Billion USD between 2022-2028. The rapidly speeding market will offer tremendous opportunities in the future pushing the market to an all-time high.
Polkadot (DOT)
Probably three cryptocurrencies will lead in the Web 3.0 format – Polkadot, Theta and Filecoin. Polkadot is known for its scaling capabilities due to the parachains in the structure. Mastering the concept of interoperability, Polkadot allows decentralized apps to send data to other chains. This May be a strong reason for the increase of Polkadot in the coming future with Web 3.0.
Filecoin (FIL)
Next on our list, Filecoin – serves as the topmost cryptocurrency used to decentralize data storage. Not only in terms of usage, Filecoin as a crypto currency is performing heights rising over 80% in the last few months. The rally was triggered by an event – Filecoin Foundation partners with Harvard’s Library Innovation Lab. The deal proved out to be a positive sign as it anchors Filecoin as a cryptocurrency that leads the way in pushing the book publishing market on Web 3.0.
ALSO READ – 1 Billion USD Mark Proved To Be A Cinch For Otherdeeds
Theta Community (THETA)
Even after covering most of the information formats, crypto has not hit the video streaming market. The market is still raw and needs to be touched soon. Theta holds a powerful position leading the way on this front of the video streaming market. Theta is deployed with the aim to decentralize the video streaming market and hence it has gained decent traction in the past year.
We believe that these crypto currencies are awesome of the best buys in 2022, especially when Betting big on web 3.0!
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
