Investing in Web 3.0: Is It the Future?
Is Bitcoin overheated? Some believe the answer is hiding in PEPE

Could Web 3.0 Predict Bitcoin’s Imminent Pullback?

With the crypto market experiencing a surge in activity, some investors are asking if Bitcoin (BTC) could be headed for an imminent pullback. One potential indicator of an overheated market could be found in the price action of a frog-themed memecoin, Pepe (PEPE).

On Oct. 27, Ran Neuner, co-founder of Onchain Capital and host of Crypto Banter, suggested that Pepe is a reliable barometer of the crypto market’s temperature. “If you want to know when a pull back is coming, just watch PEPE. It’s literally an index for when the market is getting overheated,” he said.

Pepe experienced a more than 100% gain, rising from $0.00000064 on Oct. 20 to a peak of 0.00000134 on Oct. 27. Around this same time, Bitcoin began to slide downward from its yearly high.

As investors become increasingly interested in Web 3.0, the question remains: how can one make money with Web 3.0 tokens, and could Web 3.0 be used to accurately predict Bitcoin’s imminent pullback?

The Potential of Web 3.0 for Crypto Traders

Neuner’s theory has been adopted by other crypto traders, with Alex RTB informing his 60,000 followers on Sept. 23 that he was using Pepe as an indicator for short-term declines. However, some skeptics have argued that the data does not always support the theory.

Reetika, a Dubai-based trader, told Cointelegraph that the recent surge in Pepe’s value was largely due to bullish news about changes in the team and token burning, rather than a sign of overconfidence in the market. TradingView data suggests that the token’s price is closely correlated to Bitcoin, making it difficult to use as an indicator.

As investors consider how to best make money with Web 3.0 tokens, how to invest in the technology, and whether it is the future, it is important to understand the potential of Web 3.0 for crypto traders. The best way to learn more is through podcasts and other resources that discuss the topic in depth.

Investing In Web 3.0

Reetika suggested looking at Solana’s SOL (SOL) token as a potential reliable predictor. “SOL has been a good leading indicator for the moves so far. It has broken out of resistances at least a day before BTC/ETH over this entire move. I’ve been using it actionably for estimating upside,” she said.

However, Reetika clarified that SOL isn’t a perfect indicator either but had performed well on the most recent move.

Market commentator and crypto enthusiast Poordart told Cointelegraph that Pepe probably isn’t the best metric to gauge the future price action of majors like Bitcoin.

For those looking to invest in Web 3.0, it is important to understand the different ways to make money with Web 3.0 tokens, how to buy them, and how to make a Web 3.0 website. Additionally, it is important to understand if Web 3.0 is real, and if Metaverse and Web 3.0 are the same. Finally, it is important to consider the best Web 3.0 podcasts to stay informed about the future of Web 3.0.

In Poordarts’ view, Pepe is still too immature to be used as a dependable indicator for predicting Bitcoin’s price movements with any degree of precision. Furthermore, the potential of web 3.0 tokens to make money, the reality of web 3.0, the best way to create a web 3.0 website, the best way to invest in web 3.0, the future of web 3.0, the comparison between metaverse and web 3.0, and the best web 3.0 podcasts are all topics that are worth exploring.

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