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After a few days of turmoil in the bearish zone, the crypto market is presently stabilizing. As investors withdrew holdings, the value of some popular cryptocurrencies fell. While this may appear to be a horrible moment for many, savvy investors are looking for the best Web3 coins to purchase at a discount.
If you’re one of them, then this article will explore under-the-radar crypto assets with huge potential growth.
1. Lucky Block (LBLOCK)
Top of our list of the best Web3 coins is LBLOCK.
LBLOCK was created by Lucky Block – an online gaming platform that operates based on blockchain technology. Using blockchain, Lucky Block is looking to become the market leader for online games – a $230 billion-a-year industry. The platform’s focus is to promote fairness and transparency while making it effortless for anyone to access the games in its ecosystem. Lucky Block also makes LBLOCK available to speculative investors.
After launching in January, the Web3 coin has so far seen over a 10-fold increase, even with the market downturn. Today, LBLOCK trades at $0.0013 – a jump of 1.13% in the past 24 hours.
With the market expected to surge this week, Lucky Block is in a great position to take advantage. The platform recently launched a $2 million prize pool for holders as part of its jackpot program. We expect Lucky Block to acquire even more users as more people attempt to win prizes.
2. DeFi Coin (DEFC)
DeFi Coin (DEFC) comes second on our list of the best Web3 coins to buy this month. The crypto asset is the native token for the DeFi Swap decentralised exchange. DeFi Swap optimises asset trading and swaps without the need for a central third party.
Today, DEFC trades at $0.31 – down 10.5% in the past 24 hours. The digital asset’s price drop reveals that it is in a good position for a buy. In addition, analysts believe that DEFC is currently in a consolidation phase that should help push it higher.
The digital asset is also a great investment because it was built to ensure long-term results. DeFi Swap takes a 10% fee whenever a trader sells DEFC due to the coin’s design. As a result, there is a strong incentive to keep the coin rather than sell it. This selling fee should lower the coin’s supply and, in the long term, raise its price.
Moreover, DeFi Coin founder Scott Ryder has told news reporters that they intend to list on other centralised exchanges to effectively maximise liquidity. Increased investor exposure is sure to improve the asset’s prospects.
3. Axie Infinity (AXS)
Next on our list of the best Web3 coins is AXS. The digital asset is the native token for the Axie Infinity blockchain game and non-fungible token (NFT) community.
Axie Infinity rose to prominence as one of the top gaming platforms in the past year. The platform allows players to vie for NTFs representing digital pets. These NFTs can be traded in the Axie Marketplace. Recently, reports confirmed that the marketplace has so far processed over $4 billion in transactions.
AXS is one of the most popular Web3 coins out there. The digital asset currently trades at $20.43 – down 4.17% in the past day.
Currently, AXS is trading at a massive dip. The coin’s price tanked after it suffered a $600 million hack. Last week’s market crash saw AXS go even lower and tank below the $20 mark for the first time since July 2021.
Despite this, there’s a lot of hope for the Web3 coin. The Axie ecosystem remains strong. Axie Infinity’s handling of its hack earned praise from Binance chief executive Changpeng Zhao.
4. Chainlink (LINK)
Chainlink is the most popular decentralized blockchain oracle in the market. The platform’s native token, LINK, has also been one of the best performers this week.
The purpose of the platform is to act as a blockchain oracle. Chainlink is connected to multiple blockchains, offering the off-chain data that their smart contracts need to operate and provide accurate price quotes.
Currently, LINK trades at $7.45 – a drop of 3.37% in the past 24 hours. Even with the price drops, investors have a lot to be excited about for LINK and the decentralised oracle network.
Two weeks ago, the protocol signed a deal to power LaProp – a real estate platform that allows investors to purchase tokenised shares in several real-world properties.
LaProp will use Chainlink Keepers’ node operators to secure billions of dollars, which will be invested in DeFi markets. This is expected to be one of the first cases where real estate tokenisation can truly be tested, and Chainlink’s participation is quite interesting.
5. Filecoin (FIL)
Last on our list of the best Web3 coins is FIL – the native token for Filecoin.
As a major part of Web3, Filecoin is looking to provide a simple, lasting solution to decentralised file storage. The system focuses on ensuring seamless decentralised file storage, allowing users to rent out storage space on other users’ computers. Filecoin also ensures document security and confidentiality by storing fragments of a file on multiple computers.
Presently, FIL trades at $8.28 – down by 3.50% in the past 24 hours.
While FIL’s price is down presently, it is expected to increase exponentially once the web3 revolution becomes fully apparent. In addition, the developers of Filecoin remain committed to ensuring improvements for users. They recently attained a deal with nonprofit news platform MuckRock to integrate decentralised storage technology for DocumentCloud – a platform with over 8 million verified documents hosted.
According to both partners, DocumentCloud will now become a “bridge for newsrooms, non-profits, researchers, and more to move key public interest documents to Filecoin”.
This integration is expected to provide a glimpse into Filecoin’s real capabilities. Success with this will demonstrate that the platform is just as its developers have touted it to be.
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