Cryptos to watch as Fidelity and Bitwise turn to Web 3.0

One of the best indicators of where money is going in the crypto space is to look at the activities of institutional investors. These are players with big money, and their actions directly impact the market’s potential direction. That’s why the recent moves by Fidelity and Bitwise spell good tidings for the Web 3.0 space. 

Bitwise has announced that it is launching a Web 3.0 ETF. The ETF will trade under the ticker BWEB and invest in more than 40 companies, all within the Web 3.0 space. On its part, Fidelity is launching the Ethereum Index Fund, which is part of the organization’s push toward investing in the Ethereum ecosystem. 

As this news filters into the market, Web 3.0 cryptocurrencies will likely see a pump and could end the week among the top performers. To take advantage of the potential of Web 3.0 cryptocurrencies, below are some of the best to watch now.

The Graph (GRT)

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in.

OKX takes customer security very seriously, they store almost all of their clients’ funds in cold storage, and the exchange is yet to be hacked.

On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.


Buy GRT with OKX today

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


Buy GRT with Binance today

The Graph (GRT) is a web 3.0 cryptocurrency within the fast-growing Ethereum ecosystem. The Graph is designed to make querying the Ethereum blockchain easy, which is essential if Web 3.0 is to gain traction. Besides its critical role in Web 3.0, The Graph is currently trading at record lows after a heavily bearish 2022 year-to-date. As such, there is an incentive for traders to jump into GRT, a factor that could see this cryptocurrency trade in the green soon.

 Polkadot (DOT)

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in.

OKX takes customer security very seriously, they store almost all of their clients’ funds in cold storage, and the exchange is yet to be hacked.

On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.


Buy DOT with OKX today

Bitbuy

Bitbuy – The crypto destination of investors™. Trusted by over 400,000 Canadias, Bitbuy is suited for both beginners and more advanced traders with low trading fees and deep liquidity. First Canadian registered marketplace for crypto assets approved by the Ontario Securities Commission, and registered with FINTRAC as a money services business


Buy DOT with Bitbuy today

Polkadot (DOT) is one of the best Web 3.0 cryptocurrencies in the market today. That’s because it is designed for scalability, a critical factor if Web 3.0 is to replace Web 2.0. Now that institutional money is showing an interest in Web 3.0, Polkadot stands out among the cryptocurrencies that are likely to increase speculator interest. 

On top of that, Polkadot is currently trading at a significant low from its most recent highs. As such, now that there is renewed interest in Web 3.0 thanks to institutional money, FOMO could set in the short term. Already, trader interest in Polkadot is rising, as seen by the rising buying volumes.

Ethereum (ETH)

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in.

OKX takes customer security very seriously, they store almost all of their clients’ funds in cold storage, and the exchange is yet to be hacked.

On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.


Buy ETH with OKX today

Coinbase

Coinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from.

Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.


Buy ETH with Coinbase today

Ethereum (ETH) is the king of smart contracts and supports the largest Web 3.0 ecosystem in crypto. So significant is Ethereum that it is impossible to talk about Web 3.0 without mentioning Ethereum. While Ethereum hasn’t shown much activity even after the Merge, the odds are that it could lead the way now that institutional money is starting to show an interest in Web 3.0. 

The most significant factor likely to give Ethereum a price push in the short term is the move by Fidelity to launch an Ethereum Index Fund. This move creates the impression that institutional money believes in Ethereum and is a real reason to drive FOMO. The fact that Ethereum is currently trading at record lows will also likely add to the excitement around Ethereum in the short term.

The post Cryptos to watch as Fidelity and Bitwise turn to Web 3.0 appeared first on CoinJournal.

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