{"id":597483,"date":"2024-03-12T14:30:40","date_gmt":"2024-03-12T14:30:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=597483"},"modified":"2024-03-12T13:54:22","modified_gmt":"2024-03-12T13:54:22","slug":"crypto-top-2-altcoins-for-web-3-0","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-top-2-altcoins-for-web-3-0\/","title":{"rendered":"Next Big Thing In Crypto: Analyst Spotlights Top 2 Altcoins For Web 3.0"},"content":{"rendered":"

Crypto analyst Micha\u00ebl van de Poppe recently cast a spotlight on two altcoins<\/a> poised to significantly impact the Web 3.0 ecosystem. In a detailed exposition <\/a>shared on X (formerly Twitter), Van de Poppe introduced “modular blockchains” and “DePin” as emerging concepts set to redefine the crypto landscape.<\/p>\n

Emphasizing the need for tangible use cases, Van de Poppe stated, “I’m advocating for investing into projects that fulfill actual use cases. Hence why I’m not that much focused on projects within the Gaming, Metaverse, NFT or Meme space, […] I’d rather want to focus on projects that have an actual use case within the financial Web 3.0 ecosystem.\u201d<\/p>\n

Crypto + Web 3.0: Modular Blockchains<\/h2>\n

The conversation around scalability and efficiency in blockchain has led to the emergence of modular blockchains, according to Van de Poppe. He described modular blockchains as “a solution from the previous cycle,” aiming to address the high transaction fees and scalability challenges that have hampered platforms like Ethereum.<\/p>\n

“Remember the high gas fees we were paying during the bull run on Ethereum<\/a>? Yes, that’s where Layer 2’s<\/a> and modular blockchains started to come from as a potential solution for this problem,” Van de Poppe explained. By splitting traditional processes handled by a single layer, modular blockchains promise a substantial improvement in transactions per second, addressing the core scalability trilemma<\/a> of decentralization, scalability, and security without compromising on any.<\/p>\n

Spotlight On TIA And CQT<\/h3>\n

Among the projects leading the charge in this new era, Celestia (TIA) and Covalent (CQT) emerged as favorites of Van de Poppe.<\/p>\n

Related Reading: Crypto Analyst Unveils 7 Memecoins To Turn $1,000 Into $1 Million<\/a><\/div>\n

TIA, according to Van de Poppe, stands out as a frontrunner in the modular blockchain space. “One of my favorites is TIA, which enhances the potential of modular blockchains,” Van de Poppe states, underscoring the project’s ambition to redefine scalability and efficiency in blockchain technology.<\/p>\n

Covalent, in particular, is praised for its comprehensive toolkits for developers, which include Block Explorer Kits named GoldRush and analytics dashboards like Increment. “Covalent aims to build on the DePIN ecosystem, which means decentralized physical infrastructure networks, essentially laying the foundational layer of the entire financial Web 3.0 Ecosystem,” Van de Poppe remarked.<\/p>\n

Delving deeper into Covalent’s contributions, Van de Poppe highlighted the project’s ambition to secure a structured dataset from over 215 blockchains and integrate AI through the analysis of 100 billion transactions. This integration is aimed at fostering AI consumption, training, and product development.<\/p>\n

Related Reading: Crypto Analyst Identifies 8 Altcoins To Turn $1,000 Into $1 Million<\/a><\/div>\n

“Promoting decentralized indexing, Covalent enhances network resilience and reduces reliance on central entities,” he noted, underscoring the project’s commitment to decentralization. Furthermore, the activation of a Revenue Fee Switch connected to the Premium API since February signifies Covalent’s economic model’s maturity and its efforts to achieve complete Ethereum Virtual Machine (EVM) state data retrievability.<\/p>\n

Price Analyses<\/h3>\n

The CQT price rose above the 20- and 100-week EMA in mid-February, generating bullish momentum. The price is now targeting the 0.236 Fibonacci retracement level at $0.53 on the 1-week chart. However, it is worth noting that the price is still around 80% away from its all-time high despite the bullish sentiment in the crypto market.<\/p>\n

\"CQTUSD\"
CQT price eyes the 0.236 Fib, 1-week chart | Source: CQTUSD on TradingView.com<\/figcaption><\/figure>\n

For Celestia (TIA), the situation looks quite different. The price is only 20% below its all-time high and is trading above the 0.236 Fibonacci retracement level on the 1-day chart.<\/p>\n

\"TIA
TIA price, 1-day chart | Source: TIAUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Micha\u00ebl van de Poppe recently cast a spotlight on two altcoins poised to significantly impact the Web 3.0 ecosystem. In a detailed exposition shared on X (formerly Twitter), Van de Poppe introduced “modular blockchains” and “DePin” as emerging concepts set to redefine the crypto landscape. Emphasizing the need for tangible use cases, Van de Poppe stated, “I’m advocating for investing into projects that fulfill actual use cases. Hence why I’m not that much focused on projects within the Gaming, Metaverse, NFT or Meme space, […] I’d rather want to focus on projects that have an actual use case within the financial Web 3.0 ecosystem.\u201d Crypto + Web 3.0: Modular Blockchains The conversation around scalability and efficiency in blockchain has led to the emergence of modular blockchains, according to Van de Poppe. He described modular blockchains as “a solution from the previous cycle,” aiming to address the high transaction fees and scalability challenges that have hampered platforms like Ethereum. “Remember the high gas fees we were paying during the bull run on Ethereum? Yes, that’s where Layer 2’s and modular blockchains started to come from as a potential solution for this problem,” Van de Poppe explained. By splitting traditional processes handled by a single layer, modular blockchains promise a substantial improvement in transactions per second, addressing the core scalability trilemma of decentralization, scalability, and security without compromising on any. Spotlight On TIA And CQT Among the projects leading the charge in this new era, Celestia (TIA) and Covalent (CQT) emerged as favorites of Van de Poppe. Related Reading: Crypto Analyst Unveils 7 Memecoins To Turn $1,000 Into $1 Million TIA, according to Van de Poppe, stands out as a frontrunner in the modular blockchain space. “One of my favorites is TIA, which enhances the potential of modular blockchains,” Van de Poppe states, underscoring the project’s ambition to redefine scalability and efficiency in blockchain technology. Covalent, in particular, is praised for its comprehensive toolkits for developers, which include Block Explorer Kits named GoldRush and analytics dashboards like Increment. “Covalent aims to build on the DePIN ecosystem, which means decentralized physical infrastructure networks, essentially laying the foundational layer of the entire financial Web 3.0 Ecosystem,” Van de Poppe remarked. Delving deeper into Covalent’s contributions, Van de Poppe highlighted the project’s ambition to secure a structured dataset from over 215 blockchains and integrate AI through the analysis of 100 billion transactions. This integration is aimed at fostering AI consumption, training, and product development. Related Reading: Crypto Analyst Identifies 8 Altcoins To Turn $1,000 Into $1 Million “Promoting decentralized indexing, Covalent enhances network resilience and reduces reliance on central entities,” he noted, underscoring the project’s commitment to decentralization. Furthermore, the activation of a Revenue Fee Switch connected to the Premium API since February signifies Covalent’s economic model’s maturity and its efforts to achieve complete Ethereum Virtual Machine (EVM) state data retrievability. Price Analyses The CQT price rose above the 20- and 100-week EMA in mid-February, generating bullish momentum. The price is now targeting the 0.236 Fibonacci retracement level at $0.53 on the 1-week chart. However, it is worth noting that the price is still around 80% away from its all-time high despite the bullish sentiment in the crypto market. For Celestia (TIA), the situation looks quite different. The price is only 20% below its all-time high and is trading above the 0.236 Fibonacci retracement level on the 1-day chart. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":597486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,14690,91825,1558,13609,91834,4439],"class_list":["post-597483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-crypto-news","tag-crypto-predictions","tag-cryptocurrency","tag-top-altcoins","tag-top-altcoins-web-3-0","tag-web-3-0"],"acf":[],"yoast_head":"\nCrypto Expert Spotlights Top 2 Altcoins For Web 3.0<\/title>\n<meta name=\"description\" content=\"Crypto analyst Micha\u00ebl van de Poppe recently cast a spotlight on two altcoins poised to significantly impact the Web 3.0 ecosystem.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/uniquehot.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Next Big Thing In Crypto: Analyst Spotlights Top 2 Altcoins For Web 3.0","url":"http:\/\/uniquehot.com\/news\/crypto-top-2-altcoins-for-web-3-0\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/crypto-top-2-altcoins-for-web-3-0\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/shutterstock_670802809.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/shutterstock_670802809.jpg?fit=8000%2C5500"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","crypto news","crypto predictions","cryptocurrency","top altcoins","top altcoins web 3.0","web 3.0"],"dateCreated":"2024-03-12T14:30:40Z","datePublished":"2024-03-12T14:30:40Z","dateModified":"2024-03-12T14:30:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Next Big Thing In Crypto: Analyst Spotlights Top 2 Altcoins For Web 3.0\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-top-2-altcoins-for-web-3-0\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-top-2-altcoins-for-web-3-0\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/shutterstock_670802809.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/shutterstock_670802809.jpg?fit=8000%2C5500\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"crypto news\",\"crypto predictions\",\"cryptocurrency\",\"top altcoins\",\"top altcoins web 3.0\",\"web 3.0\"],\"dateCreated\":\"2024-03-12T14:30:40Z\",\"datePublished\":\"2024-03-12T14:30:40Z\",\"dateModified\":\"2024-03-12T14:30:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/shutterstock_670802809.jpg?fit=8000%2C5500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/597483"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=597483"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/597483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/597486"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=597483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=597483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=597483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}