The US-based consulting giant The Motley Fool touched upon critical points about these Web3 Coins in a recent statement. Stating that these coins are still not reaching their potential, the investment and consultancy giant company pointed to the rise for these 2 Web3 Coins! Here are the details…
Investment and consulting giant company pointed to these Web3 Coins!
While an analyst at US-based The Motley Fool says he has been following the industry closely for years, this recently points to a bullish run for Web3 Coins. Stating that these coins have not yet discovered their potential, the analyst drew attention to Polygon (MATIC) and Arweave (AR). Both offer innovative solutions in promising areas such as Web3 and data storage.
Due to the trajectory of current trends and the capacity of blockchains to support further growth, these cryptocurrencies have long-term potential and MATIC and AR have less risk than many other coins.
Polygon (MATIC) stands out with its partnerships!
Although it took a big hit from the FTX collapse last year, Polygon has become one of the prominent coins in the industry by establishing new partnerships and has won many investors compared to its competitors. The project, which has come to the fore with its partnerships in the last few months, has found its place among the top 10 cryptocurrencies. Experts also state that the potential of Web3 helps users adopt it.
Polygon (MATIC), 24-hour price chartPolygon partnerships, which include big companies such as Nike, Meta, Disney and Starbucks, which decided to step into the Web3 sector in the midst of the absolute demand for the Web3 world, as we quoted as Kriptokoin.com, attracted many investors. Along with this situation, the need for the project also increased. In the last week, Polygon (MATIC) has gained more than 16 percent. Instantly, the project is trading at $1.18. Its market capitalization is over $10.7 billion.
“The importance given to data storage is increasing day by day!”
Another frontier where blockchains have the potential to revolutionize is the world of data storage, according to experts. Our world is more dependent on data than ever before, and this trend is not going away. There is an ever-increasing need for cost-effective and innovative solutions to store this data. That’s what Arweave wants to do. Data stored on Arweave’s blockchain is permanent, censorship resistant, and cannot be changed. For this reason, it is among the first choices of many users. Experts find that this adoption has had an extremely beneficial effect on the project.
On the other hand, to store data on Blockweave, users need to purchase storage space with AR coin. For a low fee, users can permanently save photos, videos, spreadsheets and any other data to Arweave. Compared to other altcoins, its great partnerships put it ahead of its competitors. The project, which enables storing transaction data for blockchains such as Cosmos, Polkadot, Avalanche, NEAR, and Solana, has also recently partnered with Meta.
Arweave (AR) price performance over the last weekHowever, there is even discussion in the Ethereum developer community that the blockchain might choose Arweave to store transaction data, although it still hasn’t happened. The popular Web3 coin has exploded by over 22 percent over the past week. Instantly, the project is trading at $ 9.08. Its market value is at the level of 455 million dollars.
