Hot Crypto Trend To Watch: Web3.0 Tokens

Do you remember when the internet was only available for a few hours in your home and was just information? That’s what we now call the web 1.0 era. This obviously implies that there is now a web 2.0 and even 3.0.

What is it? That’s exactly what today’s article is about!

Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own research and analysis before making any investment based on your personal circumstances.

What are the differences between Web 1.0 and Web 2.0?

Originally, Web 1.0 was simply an information portal where users passively receive information without having the possibility to react, in the form of comments or by using the now mythical, “like” button.

On the contrary, Web 2.0 encourages participation, collaboration and information sharing like Youtube, Facebook, Uber, Airbnb. We can say that we are still mostly in this phase.

The 3.0 digital revolution!

Web 3.0 is a semantic web that refers to the future with the addition of artificial intelligence. This will allow a website to improve itself by offering you the most appropriate content thanks to the words you type.

Web 3.0 is based on 3 fundamental principles:

Open-source: More transparency and allowing everyone to participate.

Trustless: This will allow participants to interact in peer-to-peer (P2P) thus eliminating the need for a third party.

Permissionless: No need for permission from a governing body to participate.

If you are familiar with crypto projects, this should speak to you. Indeed, transparency and the absence of a third party are an integral part of the blockchain ecosystem.

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Web 3.0 tokens, the new hype?

While still at the early stage of development, web 3.0 has already been quite the talk of the town in the cryptosphere. As such, it is no surprise that Web 3.0 tokens have surged since August this year, albeit not as hot as NFTs.

On a year-to-date basis, tokens associated with decentralized Internet applications have seen an average 244% rise, trailing the NFT sub-sector 2,726% gain but beating bitcoin’s 37% appreciation.

In addition, NFTs have greatly attracted the attention of investors this year, sharing similarities with the hype of ICOs back in 2017.

Could it be that 3.0 tokens represent the next major opportunity in the market? It’s possible indeed but some of these tokens like Polkadot for example are already exploding.

3 Web-token to buy in 2021?

DOT : DOT is just below a major resistance zone which, if it is, will open the door to new ATH.

 

OCEAN: Like DOT, the OCEAN/USDT pair is just below a major resistance zone around $1. Prices are also forming a medium-term reversal pattern.

 

LPT: LPT/USDT is currently sitting in a support zone, making it an excellent buying opportunity.

Conclusion

Remember that these ideas are for informational purposes only and do not constitute investment advice. Do your own research and limit your exposure to the market by choosing the correct position sizing.

When it comes to investing, always consider the risk to reward. The higher the reward, the higher the risk. You know the drill – never invest more than you can afford to lose! And more importantly, never ever buy into a coin blindly based on hype or rumor!

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