- The crypto space has seen unusual developments over the decade, the next big thing in the space would be Web 3.
- Web 3 related projects Helium, Flux, API 3, The Near protocol, Handshake, and the Graph prices eyes for maximum gains.
The year 2020 has seen rapid advancements across DeFi space, where ERC-20 projects have undergone exponential growth. Notably, Yearn Finance and AAVE have stolen the show with impeccable gains. The Q1 of the year has seen growth in the community-driven Meme tokens, later the evolution of gaming projects and NFTs gained the traction of a larger user-base. The next big thing by early 2022 would be an era of Web 3 projects.
In the ’90s, Web 1.0 hardly held static pages for hosting content. HTML, CSS, and other tools brought advancements in Web 2.0 in 1999 to enable interaction with the end-user. Web 3 which is yet to hit mainstreams soon, intends to bring revolution by the adoption of AI, 3D graphics, and quick Connectivity.
In addition, crypto influencer Joe Weisenthal opined that the latest evolution in Web 3.0 would transform a majority of the crypto opponents as proponents. This next big thing guarantees the elimination of control from the centralized entities that govern the web today. The Web3-enabled collaborations further promise to facilitate decentralized networks by completely avoiding third-party roles.
Some projects are a step ahead and working silently on Web 3, notably Helium, Flux, The Near protocol, Handshake, and The Graph.
Helium (HNT) is a decentralized blockchain-backed protocol designed for Internet of Things (IoT) devices. The token has been one of the top gainers with 160% profits in 30 days. The altcoin holds a market cap of $5.2 billion with 10.13% gains round the clock.
Helium price has recently made a parabolic move with a breakout at $21.35. With more than a 50% surge, the token has achieved an ATH of $50.97. Trend reversal to Web 3 in the near future would further catalyze the price action.
Handshake is yet another project that aims to replace all DNS naming zone, with an intention to offer an alternative to existing certificate authorities and naming systems. The token has managed to hold 5th position among the top 15 Web 3 projects with 117% gains over the past 30 days. The altcoin holds a $164 million market cap with 24% gains round the clock.
The HNS price had a quick retest at $0.2842, surging to $.03871 with decent fluctuations. The altcoin has an immediate resistance line of $0.4158, breakout would uplift the price by another 10 to 15% up to $0.4958. On the contrary, the price would search in support around $0.2956.
In addition, The Graph and API 3 have recorded massive profits of 83% and 45% over the past 30 days. As Web 3.0 appears to be inevitable, these aforementioned projects have solid potential to lead the space.