Will These Tokens Compete in the 2023 Cryptocurrency Race?

Tether, a Hong Kong-based business, has created USDT, a stablecoin (stable-value cryptocurrency) that tracks the value of the US dollar. Realcoin, which was first introduced in July 2014, was then changed to USTether and finally to USDT.

1) Tether (USDT)

2) Filecoin (FIL)

For Web3, Filecoin is like a filing cabinet. It is a decentralised storage network that offers a safe substitute for centralised cloud storage and a passive revenue stream. All data, including text, audio files, movies, and still photographs, can be stored with Filecoin.

A decentralised video streaming network called Livepeer was created using the Ethereum blockchain. The protocol offers direct broadcast and streaming services at a reasonable cost at the Web3 video stack layer. It primarily focuses on two objectives: distributing real-time video and encouraging network users to participate.

3) Livepeer (LPT)

4) Solana (SOL)

Decentralised finance (DeFi) solutions are offered by the highly active open-source project Solana, which relies on the permissionless nature of blockchain technology. The Solana protocol aims to make the development of decentralised applications simpler. Solana attracts interest from institutional and small-time traders because of its unique hybrid consensus strategy.

5) Ocean Protocol (OCEAN)

For those wishing to invest in a Web3 token with lots of potentials, OCEAN is one of the finest options. The protocol has developed several tools required to create Web3 apps.