{"id":357754,"date":"2021-10-25T21:20:00","date_gmt":"2021-10-25T18:20:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/web-3-0-focused-altcoins-soar-as-the-need-for-truly-decentralized-crypto-grows\/"},"modified":"2021-10-25T21:20:00","modified_gmt":"2021-10-25T18:20:00","slug":"web-3-0-focused-altcoins-soar-as-the-need-for-truly-decentralized-crypto-grows","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/web-3-0-focused-altcoins-soar-as-the-need-for-truly-decentralized-crypto-grows\/","title":{"rendered":"# Web 3.0-focused altcoins soar as the need for truly decentralized crypto grows"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28a84c250fc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28a84c250fc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/web-3-0-focused-altcoins-soar-as-the-need-for-truly-decentralized-crypto-grows\/#PARSIQ_advocates_for_interoperability_between_networks\" >PARSIQ advocates for interoperability between networks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/web-3-0-focused-altcoins-soar-as-the-need-for-truly-decentralized-crypto-grows\/#Handshake_Web_30_domains_gain_traction\" >Handshake Web 3.0 domains gain traction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/web-3-0-focused-altcoins-soar-as-the-need-for-truly-decentralized-crypto-grows\/#NEAR_Protocol_announces_an_800_million_development_grant\" >NEAR Protocol announces an $800 million development grant<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Web 3.0-focused altcoins soar as the need for truly decentralized crypto grows <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The cryptocurrency market is abuzz on Oct. 25 as the sight of multiple altcoins hitting new all-time highs and Bitcoin&#8217;s (BTC) return to $63,000 has traders looking for a resumption of the bullish uptrend.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/86799be6-47be-48ac-8490-30912cf5c525.png\"><figcaption style=\"text-align: center;\"><em>Top 7 coins with the highest 24-hour price change. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that the biggest gainers over the past 24-hours were PARSIQ (PRQ), Handshake (HNS) and NEAR Protocol (NEAR). <\/p>\n<h2><span class=\"ez-toc-section\" id=\"PARSIQ_advocates_for_interoperability_between_networks\"><\/span>PARSIQ advocates for interoperability between networks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>PARSIQ is a blockchain-based analytics platform that specializes in connecting blockchain activity to real-world <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications. <\/p>\n<p>According to data from Cointelegraph Markets Pro, market conditions for PRQ have been favorable for some time. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/7f394ba2-0b2c-4c68-8fa2-c580134b5a83.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. PRQ price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for PRQ began to pick up on Oct. 22 and climbed to a high of 72 on Oct. 24, just one hour before the price increased 41% over the next day. <\/p>\n<p>The boost in price of PRQ comes as the team behind the protocol has been focused on promoting the interoperability capabilities of PARSIQ, which currently offers support for multiple blockchain networks including Ethereum (ETH), Solana (SOL), Binance Smart Chain (BSC), Polkadot (DOT), and Algorand (ALGO). <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Handshake_Web_30_domains_gain_traction\"><\/span>Handshake Web 3.0 domains gain traction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Handshake is a decentralized, permissionless naming protocol that aims to be an alternative to the existing Certificate Authorities and naming systems.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that after hitting a low of $0.213 on Oct. 24, the price of HNS spiked 74% to an intraday high at $0.371 as its 24-hour trading volume surged by 491% to $3.9 million. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/928e1078-1e54-44a2-a359-265fbb3c9d84.png\"><figcaption style=\"text-align: center;\"><em>HNS\/USD 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The rising price of HNS comes as the protocol&#8217;s domain naming service (DNS) begins to gain traction and users start buying up Handshake domains as it is one of the few DNS providers that supports Web 3.0.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin price action in 2021 so far mirrors 2017 \u2014 Will it continue?<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"NEAR_Protocol_announces_an_800_million_development_grant\"><\/span>NEAR Protocol announces an $800 million development grant<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NEAR Protocol is a low-cost layer-one protocol designed to make decentralized applications usable on the internet and the project aims to provide interoperability between separate networks. <\/p>\n<p>According to data from Cointelegraph Markets Pro, market conditions for NEAR have been favorable for some time. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/1781a8e2-4d3b-4643-b9c1-cbf623b7040e.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. NEAR price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for NEAR began to pick up on Oct. 22 and reached a high of 82 around 41 hours before the price increased 33% over the next day.<\/p>\n<p>The rally in NEAR price comes as the protocol hosts its Nearcon event and also announced an $800 million ecosystem development grant intended to provoke growth in the NEAR ecosystem. <\/p>\n<p>The overall cryptocurrency market cap now stands at $2.634 trillion and Bitcoin\u2019s dominance rate is 45.5%.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/web-3-0-focused-altcoins-soar-as-the-need-for-truly-decentralized-crypto-grows\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Web 3.0-focused altcoins soar as the need for truly decentralized crypto grows &#8221; The cryptocurrency market is abuzz on Oct. 25 as the sight of multiple altcoins hitting new all-time highs and Bitcoin&#8217;s (BTC) return to $63,000 has traders looking for a resumption of the bullish uptrend. Top 7 coins with the highest 24-hour&#8230;<\/p>\n","protected":false},"author":1,"featured_media":357755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvMWM3NzI3NWQtY2MyMy00ZWE2LWFkMTctNWYzODMxNTc1ODUyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74894,74863,118014,105688,93542,73785],"class_list":["post-357754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-blockchain","tag-cryptocurrencies","tag-dns","tag-markets-pro","tag-web3","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/357754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=357754"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/357754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/357755"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=357754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=357754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=357754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}