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Web3 has lately been a popular subject in cryptocurrency as many people are clamoring toward an actual decentralized system. Among other popular crypto trends like Move to Earn, DeFi, Metaverse crypto coins, and NFTs, Web3 remains a highly sought-after trend that’s at the forefront of the financial and technological revolution. The Web3 ecosystem has grown […]
The post Top 5 Web3 Tokens Below $0.5 to Add to Your Portfolio in August 2022 appeared first on NullTX.
The Web3 ecosystem has grown over the years, amounting to a market cap of $26,997,159,880, with a trading volume totaling $2,199,615,041, according to data from CoinMarketCap. Having some investment in this ecosystem is advisable. Seeing the rapid growth and positive sentiment associated with the space brings diversification to your portfolio. Today we look at NullTX’s pick of the top five Web3 crypto coins to add to your portfolio in August 2022, ordered by the current unit price, lowest to highest.
Ethereum Push Notification Service (PUSH)
Distinct Features: There is currently no notification system for Web 3.0 that may alert users or wallet addresses to significant updates, events, or other occurrences. PUSH offers this.
A notification mechanism called the Ethereum Push Notification Service, or EPNS enables users’ wallet addresses to receive notifications. This means that any DApp or smart contract, as well as service, can deliver notifications to users using this protocol in a platform-neutral manner, according to their website. Additionally, EPNS has a DeFi component that lets users get paid in cryptocurrency for actually receiving notifications.
EPNS can set limitations on the services, such as spam protection for users and restrictions on EPNS’s ability to add wallets as subscribers and allow consumers to directly and entirely decide which services they end up receiving notifications from.
The price of Ethereum Push Notification Service is at $0.378196 with a 24-hour trading volume of $584,454. The current CoinMarketCap ranking is #929, with a market cap of $5,781,833.
Ethereum Push Notification Service is currently trading on MEXC, KuCoin, Gate.io, Huobi Global, and Hotcoin Global.
Distinct Features: Akash Network wants cloud computing to be permissionless, autonomous, and open, giving internet creators more freedom to enhance the human experience.
Akash defines itself as the first decentralized cloud computing marketplace and the DeCloud for DeFi. Akash Network is a Distributed Peer-to-Peer Marketplace for Cloud Computing.
By utilizing Akash Network, developers can start DeFi apps, blogs, games, data visualizations, blockchain nodes, and other blockchain network components on a decentralized cloud.
According to the website, any cloud-native and containerized application can deploy on Akash Network’s decentralized cloud.
The Akash Network (Akash) is a decentralized, secure, and open marketplace for cloud computing that links those who need computing resources (clients) with people who have computer capacity to rent (providers).
Regardless of a client’s provider, Akash offers a uniform layer above all others in the market to give them access to a single cloud platform.
Customers use Akash due to its low cost, ease of use, ability to switch between cloud providers and performance advantages of international deployments. Providers utilize Akash because it enables them to profit on either dedicated or momentarily idle capacity.
Akash Network’s price today is at $0.407181 with a 24-hour trading volume of $629,888, according to data from CoinMarketCap. The current CoinMarketCap ranking is #414, with market cap of $46,362,196.
Akash Network trades on KuCoin, Gate.io, Huobi Global, Crypto.com Exchange, and Kraken.
Basic Attention Token (BAT)
Market Cap : $612,461,066
Distinct Features: The Basic Attention Token’s main application is a payment token for advertising campaigns carried out through Brave Ads.
Launched in 2017, The Basic Attention Token, also known as BAT, is the cryptocurrency that powers a new blockchain-based digital advertising platform intended to fairly compensate consumers for their attention while advertisers also profit from their advertising investment.
Users can watch privacy-protecting advertisements and earn BAT points using the Brave Browser, which provides this experience.
One of the critical differences between Basic Attention Token and the ecosystem surrounding Brave Browser is the ability to reward (tip) people who are not yet a part of the network, including both websites and specific Twitter users. These users can safely register on the platform to collect any tips they have accrued.
According to data from the website, Brave browser’s first global private ad platform has 55 million monthly active users, 16 million daily active users, 1.5 million verified creators accepting BAT, millions of wallets created, and thousands of ad campaigns with leading brands. These results make BAT one of the most, if not the most, successful altcoin projects to date, the website claims.
Basic Attention Token’s price today is $0.411315 with a 24-hour trading volume of $51,726,601, according to data from CoinMarketCap. The current CoinMarketCap ranking is #70, with a market cap of $616,223,580.
You can trade Basic Attention Tokens at the current rate on top cryptocurrency exchanges like  Binance, OKX, CoinW, Bybit, and BingX.
Market Cap : $38,029,715
Distinct Features: DIA dreams of becoming the Wikipedia of financial data. It specifically addresses the issue of out-of-date, unconfirmed, and difficult-to-access data in the financial and cryptocurrency industries, particularly DeFi.
Market actors can find, supply, and distribute reliable data using the open-source oracle technology known as DIA (Decentralised Information Asset).
Launched in 2018, DIA defines itself as a cross-chain, end-to-end, open-source data and oracle platform for Web3, as seen on its website.
DIA intends to unite data analysts, data producers, and data users by serving as an ecosystem for open financial data in a financial smart contract ecosystem. According to DIA, oracles’ current design is opaque, challenging to scale, and subject to intrusion.
In summary, DIA offers a trustworthy and verifiable link between on-chain smart contracts and off-chain data from multiple sources, which may be utilized to create a range of financial DApps. The DIA governance token will be used to support data collecting, validation, voting on governance decisions, and incentivize the platform’s growth.
The current DIA price is $0.458504 with a 24-hour trading volume of $2,589,328. It is ranked as the 466th largest cryptocurrency on CoinMarketCap, with a market cap of $37,735,020.
DIA token is trading at the current rate on some top cryptocurrency exchanges like Binance, OKX, CoinW, CoinTiger, and KuCoin.
Distinct Features: By connecting directly to the Bitcoin blockchain using its proof-of-transfer (PoX) consensus mechanism, which requires miners to pay in BTC to create new Stacks (STX) tokens, Stacks expands the functionality of Bitcoin without the need for a fork.
A layer-1 blockchain solution called Stacks is intended to enable smart contracts and decentralized apps (DApps) on the Bitcoin network (BTC). Stacks was launched in 2013 and rebranded in 2020 from Blockstack.
Adding these smart contracts to Bitcoin does not alter any characteristics that make it so strong, such as its security and stability.
Because these DApps are open and modular, developers can build on one another’s apps to create capabilities that are impossible in a typical app.
Since Stacks runs on the Bitcoin blockchain, the most commonly used and possibly the most secure blockchain currently in use, everything that occurs on the network is decided on that blockchain.
Stacks is powered by Clarity, a novel language that brings smart contracts to Bitcoin. According to the website, it is designed to prevent many bugs and exploits.
Remarkably, Stacks launched a $28 million Reg A+ sale cash offering for its STX tokens in July 2019 after being the first cryptocurrency to achieve SEC certification for sale in the US.
Stacks price today is at $0.461521 with a 24-hour trading volume of $16,681,425. The current CoinMarketCap ranking is #71, with a market cap of $613,137,520.
Stacks $STX is trading at the current rate on top cryptocurrency exchanges like Binance, OKX, CoinW, Bybit, and KuCoin.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any Web3 tokens.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
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The post Top 5 Web3 Tokens Below $0.5 to Add to Your Portfolio in August 2022 appeared first on NullTX.
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Federal Reserve Jerome Powell
Fed Chair Powell Sees ‘Real Need’ for More Appropriate Defi Regulation Citing ‘Very Significant Structural Issues’
Federal Reserve Chairman Jerome Powell says decentralized finance (defi) has “very significant structural issues,” emphasizing a “real need” for more appropriate regulation of the defi ecosystem. Fed Chair Jerome Powell on Defi Regulation Federal Reserve Chairman Jerome Powell talked about the regulation of decentralized finance (defi) Tuesday during a panel discussion on digital finance hosted […]
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