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Home Cryptocurrency Comparison Guides Best Web3 Crypto Coins

The 8 Best Web3 Crypto Coins to Buy in 2024

If Web3 is the future of the internet, then the best Web3 cryptos have a good shot of becoming internet behemoths like Microsoft, Apple, and Meta. Any savvy investor, developer, or Web3 enthusiast knows that the earlier you get involved in these projects, the greater your potential return in the long run.

This guide explores 16 web 3.0 crypto coins and emerging technologies at the forefront of the Web3 space. These range from Metaverse projects to decentralized storage, cloud services, and more.

Note that we purposefully left out financial applications as they do not constitute infrastructure for the new internet services. To learn about the best financial applications, visit our best Defi apps page.

Let’s dive in.

The Best Web3 Crypto Coins to Buy in 2024

The Best Web3 Crypto Coins Reviewed

What are Web3 Crypto Coins?

Web3 crypto coins are cryptos that are native to Web3 projects. While all cryptos are technically Web 3.0 crypt coins, these cryptos belong to protocols and platforms that offer foundational services that other applications can use.

A good example is Arweave’s decentralized storage. A decentralized internet requires a decentralized storage system, and Arweave is a market leader in this regard.

Another great example is Chancer, a decentralized betting platform. Chancer is what betting would be when done in Web3. Its protocol allows anyone to create prediction markets and place bets.

What is Web3?

Web3 is the third iteration of the internet, the decentralized internet. To understand it, you need to know about the first two versions.

The internet started as a network of computers that could communicate with one another by sending data packets across a combination of a physical and software infrastructure.

The World Wide Web, often called the internet, is simply a protocol in a sea of protocols that is the internet. The first version of the web (Web1) was simply a network of static pages that were read-only.

Users couldn’t interact with them and a relatively small group of people who had the expertise created and maintained these pages for companies.

The next version is Web2, where web pages were dynamic and interactive and social media networks sprung up to connect people and allow them to create content.

The third version, Web3, is an internet that promotes ownership thanks to decentralization. In this internet, content creators, not social media companies, own the content they create.

This internet focuses on privacy and ownership, and uses blockchain technology (among other peer-to-peer technologies) to achieve this.

The Differences Between Web3 Vs Web2 

Web2 Web3
Relies on centralized technologies owned and controlled by corporations Relies on decentralized technologies owned by no one and controlled by communities
Very fast and scalable Currently not as fast or scalable
Content creators do not own the content they create Content creators exercise total ownership over their content
Does not utilize token economies Utilizes token economies
Focuses on community development Focuses on community empowerment

What is the Best Web3 Crypto to Buy?

The best Web3 coins on our list is CHANCER. It is the native token for the Chancer betting platform, which is a decentralized gambling protocol that allows anyone to create markets and place bets directly with their crypto wallet.

We believe it is the best web 3.0 crypto because of its potential to disrupt the online gambling industry, a $65 billion market.

Nonetheless, all the cryptos on our list are good Web3 coins that are at the forefront of their industries and possess immense growth potential.

What Impacts the Price Of Web3 Crypto Coins?

Demand and Supply

Market forces of demand and supply is usually the most influential factor that determines the price of the web 3.0 crypto coins. The rules are simple: if the demand for a token increases without a corresponding increase in supply, price goes up.

So also, if the supply of a token increases without a corresponding increase in demand, price falls. These rules apply to all cryptos, including Web 3.0 crypto coins.

Adoption

The level of adoption of Web3 technology has an impact on its token’s price because it has an impact on the platform’s perceived value. Chainlink is a good example of this.

As the platform continues to integrate with more blockchain projects and provide data feeds to more protocols, it will become more valuable, and its token, LINK, will be perceived as the best crypto and more valuable which will cause its price to rise.

There is a caveat to this as tokens only take on the value of their ecosystems when the economic design allows for it. Essentially, only tokens that have been designed to capture the value of their ecosystem will benefit from increased adoption.

For example, say a platform has two tokens, A and B. A represents ownership in the platform while B is used to reward participants. If the platform gains widespread adoption and trading volume increases, only token A will increase in price because investors would want to own part of the platform.

Meanwhile, token B, whose only use is to reward participants will most likely decrease in price as users sell their rewards for cash (or token A).

Trends

Global and crypto trends can affect the price of Web3 coins that fall within the trend’s domain. A good example is the AI trend that has taken 2023 by storm. Earlier in the year, AI cryptos rallied as a response to the positive trend.

Note that trends can also have a negative effect on the prices of Web 3.0 crypto coins. A good example is the crackdown on the industry on a global scale. Several cryptos have lost value because crypto firms have been banned or because they have been named as securities and delisted from top exchanges.

Are Web3 Coins a Worthwhile Investment?

Profit Potential

The first reason why Web3 cryptos may be a worthwhile investment is its possibility to return profit, if you get in early enough. While not all the best crypto on our list are in their early stages, they all possess high-profit capabilities.

Chance Of Mass Adoption

Investing in Web3 cryptos for the chance of mass adoption could also be lucrative if done correctly. Imagine investing in Facebook when social media was in its infancy, or in Netflix before streaming became mainstream. Web3 cryptos could turn out to be the modern-day versions of such investments.

Community Contribution

Investing in Web3 cryptos also helps develop the community as projects get access to funding, and community participation goes a long way in helping cryptos stay alive and possibly return profit in the future.

Is Web3 Crypto Different From Other Cryptos?

Web3 cryptos do not differ from others in their nature, but they do in their function. Virtually all cryptos are built on some decentralized technology, be it blockchains or blockless decentralized networks.

However, core Web3 cryptos usually provide infrastructure or a service that is related to people’s experience using the web, or that other companies can use to create products.  They are also built as replacements for various Web2 companies and services.

For example, a crypto game may not necessarily be competing with Web2 games. However, a decentralized cloud project will be in direct competition with Web2 cloud services.

Important Things to Consider Before Buying Web3 Crypto Coins

Underlying Technology

The soundness of underlying technology is important where Web3 cryptos are concerned because their success depends on providing a solution that usually supports other services and dapps.

The technology must be secure and sufficiently decentralized.

Sustainability

Web3 projects should ideally be able to last for a long period. This is only possible when their solutions are sustainable. Always gauge if the techniques or methods used will be viable in a few months or even one year from now.

Try not to focus too much on the technology because that can rapidly change, but focus more on how the project approaches the problem they aim to solve.

Scalability

Scalability is paramount with Web3 cryptos. If the aim is to onboard Web2 users, then solutions should be able to serve thousands and hundreds of thousands (if not millions) of users simultaneously.

When reading whitepapers, ensure you look out for documentation on how projects plan to scale their services or why they may already be scalable.

Adoption

If nobody uses Web3 solutions, then they won’t grow and there will not be demand for their Web 3.0 crypto coins. Always gauge the level of adoption before investing. This may not be as straightforward for new cryptos, however you can invest only a fraction if they check all the other boxes and wait for the project to gain some traction.

Tokenomics

Finally, the tokens of Web3 projects should capture the value their ecosystems create. It is only when this is the case that the best cryptos’ prices can grow alongside their platforms’ value in the long term.

How to Buy the Best Web3 Crypto Now

This guide shows you how to buy the best Web3 cryptos on an exchange like eToro.

1. Open an Account

Navigate to eToro on your computer and click on the Start Investing icon. You can also download the app from the Play store or App store. Fill out the form with your full name, email address, and password.

2. Verify Your Account

Set up your profile and submit KYC documents like a valid government ID and proof of residency like a utility bill.

3. Deposit Funds

Once your account has been verified, deposit funds by using any of the available payment methods. Choose a convenient method and set the amount you’d like to deposit.

4. Buy a Web3 Crypto

Once your account is funded, search for any of the cryptos mentioned in the Discover tab (or anyone you like). An interface like the one below should load. You can then set your parameters and buy.

 

Where to Buy New Web3 Crypto Coins

To get your hands on new Web3 cryptos like Chancer that are not yet on exchanges, you’ll have to purchase them directly on their websites using a crypto wallet. We created a guide to help you do that.

Step 1: Download A Wallet

We used the MetaMask wallet for this guide. Download the wallet app on your phone or use the browser extension on your laptop. Create a new wallet. Ensure you keep your seed phrase safe and offline.

Step 2: Buy Some Crypto

You can buy CHANCER using BNB or BUSD, but we recommend BNB as you’ll still need it to pay for transactions. Buy some on an exchange like eToro and transfer to your wallet, or use a fiat onramp on MetaMask’s portfolio site.

Step 3: Connect Wallet

Navigate to Chancer’s website and connect your wallet to join the presale. You can do this from the in-built browser on the mobile app. Buy CHANCER tokens using BNB. Ensure you have enough to pay for gas fees.

Step 4: Wait To Claim

You’ll need to wait until the presale is over to claim your tokens.

Latest Web3 Crypto News

  • Axie Infinity Rolls Out ‘Lite’ Version of Crypto Game on Apple App Store
  • Gala Games burns over $600 million worth of GALA tokens in a push to improve its tokenomics
  • Metacade’s CEO is focused on creating partnerships that improve community building as he rolls out a MetaStudio partnership.

Final Thoughts on the Best Web3 Crypto

We explored the top Web3 cryptos and chose Chancer as our top choice because of the impact its success could have and how that could translate to significant profits. Nonetheless, all the cryptos on our list have the potential to be giants in the years to come.

There are viable Web3 coins that are not on our list that you can research yourself. However, always remember to gauge the sustainability, scalability, and tokenomics of projects when choosing to invest.

To learn more about how to invest in crypto, read any of our invest guides.

Methodology - How We Picked the Best Web3 Cryptos

The projects covered in this guide were chosen through rigorous research and reviews. We paid attention to security, transparency, reputation, tokenomics, competitive edge, and long term prospects.

The tokens listed are the best we found in the various categories we listed them. For example, we listed Chainlink as the best blockchain oracle because it is the most used and respected provider of off-chain data in the industry.

Check out our why trust us and how we test pages for more information on our testing process.

Additional Crypto Coin Reviews

FAQs

What is Web3 cryptos?
Web3 cryptos are cryptos that belong to projects, protocols, and platforms that provide services built to replace essential legacy web services like storage, cloud, and even VPNs.
Is Web3 the Same as Crypto?
No. Web3 is the next iteration of the internet that relies on technologies that promote decentralisation, privacy, and digital ownership. Cryptos are an application of such technologies.
Can you Invest in Web3?
Yes. There are several ways to invest in Web3. However, this guide covers investing through Web3 cryptos.
What is the purpose of Web3 Crypto?
The purpose of Web3 cryptos is to serve as mechanisms for value transfer throughout their ecosystems.
What is the Largest Web3 Coin in terms of Market Capitalization?
The Sandbox with a market capitalization of $784 million as of writing.
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