Crypto ‘trends’ that have gone viral in the past, such as NFTs and the Metaverse, tend to represent revolutionary advances in Web 3.0 that could transform the way we live our lives. For instance, NFTs have major potential for next-generation music ownership, licensing and publishing, as well as being used to buy digital land in virtual worlds. Some analysts believe that in the future, NFTs will provide access to special sales or limited-edition products. Similarly, the future of the Metaverse could lead to the creation of an alternate digital world that could be used for a variety of personal and business purposes.
Early investors who put their faith in NFT and metaverse-related crypto projects before they hit the mainstream enjoyed colossal return of investments (ROIs), making some millionaires. Therefore, identifying cryptos that aid in the development of an upcoming trend can quickly lead to crypto fortune. So, why could privacy become the next big trend in crypto?
While Web 2.0 revolutionised society with the development of social media, it failed to secure fundamental rights such as data privacy and confidentiality. Large corporations began sneakily stealing data and exploiting it to target us with personalised ads, algorithms and even influence our political decisions. But public anger towards these allegations hasn’t been enough to revoke our heavy dependence on Web 2.0 technology.
Then, Web 3.0 emerged. The term was coined in 2014 by Polkadot (DOT) and Ethereum (ETH) co-founder, Gavin Wood, who described Web 3.0 as a “decentralised online ecosystem based on the blockchain”. Interest in Web 3.0 soared towards the end of 2021, owing largely to crypto enthusiasts’ enthusiasm and investments from high-profile technologists and businesses. Last October, executives from venture capital firm Andreessen Horowitz travelled to Washington, D.C. to lobby for Web 3.0 as a possible solution to policymakers’ ongoing concerns about web regulation and data privacy.
Given the developments, it’s highly likely that as the potential of Web 3.0 becomes recognised by more and more people, cryptos that focus on privacy and confidentiality will spark greater public interest and attract investors. Keep reading to find out why Horizen (ZEN), Status (SNT) and Secure Crypto Token (SCT), which is currently in presale, could blow up the crypto space next.
Horizen (ZEN)
Over the past month, the price of Horizen has been steadily rising, and could even be approaching its next peak. Its market cap is around $500 million, and trading volume has been down by nearly 32% over the last 24 hours. At the time of publishing, the price of Horizen was $44.64.
Horizen is a zero-knowledge blockchain network that is known to be powered by the industry’s largest node infrastructure. Not only that, Zendoo protocol is said to enable blockchain interoperability, as it is known to use SNARK verification, allowing complete flexibility in sidechain type, privacy, speed, and consensus.
The Horizen blockchain network offers a one-of-a-kind sidechain solution that enables developers to create their own scalable blockchains capable of supporting tens of thousands of transactions per second while maintaining true decentralisation across many nodes. Horizen also has a number of unique privacy options.
Horizen is a fully decentralised zero-knowledge blockchain ecosystem with optional privacy features and vast scalability. Horizen includes Zendoo, a sidechain system that allows thousands of independent side chains to communicate with each other and with the main chain.
Status (SNT)
Over the last month, Status has also been looking optimistic, with its price gradually inclining since its peak several weeks ago. The market cap of Status is roughly $200 million, although its trading volume has sunk by almost 70% over the past 24 hours. Nevertheless, the current price of Status is at $0.060.
Status is a mobile app and free messaging platform. This interface lets people use dApps that run on the Ethereum (ETH) blockchain to communicate with one another, as well as a variety of other activities. More than 2000 dApps will be given to people who sign up, and users are able to send and receive encrypted messages, make payouts, and use smart contracts. SNT – Status Network Tokens – is the platform’s digital currency.
Statusensures the privacy of users’ messaging and transactions by using state-of-the-art security tools and encryption. By removing intermediaries, Status guarantees that messages and assets are maintained with the utmost confidentiality and privacy.
Moreover, the goal of Status is to make the adoption of Ethereum (ETH) dApps faster and more efficient. It also has its own network of stakeholders. Moreover, a crypto-economic model is also being developed by Status, and peer-to-peer technologies can help keep the Status Network up and running.
Secure Crypto Token (SCT)
Secure Crypto Token (SCT) has just entered its presale phase, giving early investors the opportunity to skyrocket their ROIs once the project launches. SCT has already been gaining traction within the crypto community because of its potential to facilitate messaging dApps and regain power over our data by remodelling standards for privacy and confidentiality.
Secure Crypto Token will operate entirely on the blockchain to facilitate the creation of decentralised communication platforms. End users will have more power because they gain more autonomy and control over their privacy, safety and utility. By putting all messages and transactions in SCT, the value of SCT is protected because it’s determined solely by each ecosystem’s services, size, transaction and messaging volume.
Creating valuable content in Secure Crypto Token’s world earns you more SCT that can be exchanged for access to the platform’s premium features. The value of SCT is linked directly to the value of the platform it’s being used on, which enables the platform to price its premium services more accurately and maintain stability across the Secure Crypto Token network.
The Secure Crypto Token is highly versatile as it can be used in many different ways, including as a means of communication or to invite new users to join the network. Additionally, users can choose to pay if they want to access the platform’s additional features. This way, Secure Crypto Token eliminates the need for apps to make profits through analysing and selling users’ personal data without their consent as Web 2.0 does.
Buy the Presale here:
https://presale.secure-crypto.io/
(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.)
Source: The Print
