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Cryptocurrency News Articles
Dogecoin (DOGE), Cardano (ADA), and Web3Bay ($3BAY): The Next 100x Crypto Trio
Jan 26, 2025 at 02:00 am
Dogecoin (DOGE) has experienced a turbulent week, marked by significant liquidations despite posting notable gains. Cardano is showing promising signs of a bullish resurgence, supported by a technical setup highlighted by renowned analyst Peter Brandt. Web3Bay is an e-commerce platform leveraging blockchain technology to create a decentralized, secure, and efficient marketplace.
Dogecoin (DOGE) experienced a turbulent week, with a staggering $11.85 million liquidated in just one day. While this highlights the inherent risks in such a dynamic market, DOGE’s 17.6% weekly gain to $0.37 demonstrates its enduring appeal.
According to data from CoinGlass, traders faced heavy liquidations on Friday, with short traders incurring the highest losses at $7.61 million. Long traders also faced significant liquidations, amounting to $4.24 million. The total liquidations on Friday reached an impressive $11.85 million.
Despite the high liquidation levels, Dogecoin managed to climb over the past week. From Thursday to Friday, DOGE rose by 2.02%, closing in on the $0.37 price point. This brought a welcome increase to Dogecoin holders, as the meme coin continues to gain attention in the crypto space.
However, the market remained quite volatile, with moments of sharp price movements. As a result, traders faced varying degrees of losses depending on their positions and strategies.
Cardano (ADA) is on the brink of a potential bull market, as technical patterns identified by analyst Peter Brandt point to a bullish reversal. With ADA climbing 20.28% this week to $1.10, investor optimism is surging.
Renowned crypto analyst Peter Brandt recently highlighted a double-bottom base pattern on Cardano’s price chart, indicating a potential shift in the altcoin’s long-term trend. This technical setup is often considered a bullish signal, suggesting a trend reversal from bearish to bullish.
The formation of a double-bottom base pattern typically begins with a steep decline in price, followed by a rally and a consolidation period that marks the first bottom. The price then recovers and forms a second lower bottom, followed by another rally and another consolidation period. If the bullish momentum continues, the price usually breaks out from the resistance level encountered during the second bottom.
This technical pattern is widely recognized by traders and investors, and it often leads to a bullish breakout. In the case of ADA, the double-bottom base pattern has been forming over the past few months, with the first bottom around $0.70 and the second bottom around $0.65.
If ADA manages to break out from this pattern, it could signal the start of a new bull market for the cryptocurrency. This would be a highly anticipated development for many investors, especially considering Cardano’s strong fundamentals and potential for growth within the altcoin market.
Web3Bay (3BAY) has positioned itself as a game-changer in the DeFi and e-commerce sectors, utilizing blockchain technology to create a secure and decentralized marketplace. Its unique approach addresses real-world challenges, offering a seamless alternative to traditional platforms. For investors, the next 100x crypto opportunity could very well emerge from this dynamic trio, paving the way for unprecedented growth and market disruption.
Web3Bay is an e-commerce platform that aims to revolutionize the way people shop online by integrating blockchain technology to create a decentralized, secure, and efficient marketplace. The platform is designed to address the limitations and challenges faced by traditional e-commerce platforms, such as high fees, lack of user data ownership, and limited cross-border accessibility.
Unlike traditional e-commerce platforms, Web3Bay boasts several key features that set it apart and enhance the overall shopping experience. One of the platform's main strengths is its decentralized nature, which aligns with the principles of Web3. By eliminating intermediaries and empowering users with direct ownership and control over their experiences, Web3Bay aims to create a more transparent, equitable, and engaging e-commerce ecosystem.
Furthermore, Web3Bay prioritizes user data ownership, ensuring that users have complete autonomy over their personal information and preferences. This approach contrasts sharply with the practices of many Web2 e-commerce giants, which often collect and leverage user data for targeted advertising and other commercial purposes without fully obtaining users' consent or providing them with a share in the platform's profits.
In addition to its decentralized and user-centric ethos, Web3Bay is designed to be highly accessible, enabling seamless transactions across borders and catering to a global audience. This aspect of the platform is particularly significant in today's interconnected world, where consumers and businesses alike seek to engage in e-commerce activities beyond geographical boundaries.
As a testament to its innovative approach and strong value proposition, Web3Bay has garnered significant attention during its presale stages, with early investors flocking to secure a stake in the platform's future success. In just four stages of its presale, Web3Bay has managed to sell over 220 million tokens at a price of $0.004562 per token, ultimately raising more than $920,000.
Upon its launch, $3BAY will be available at a price of $0.1959, presenting early
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