Comparison of Web 1.0, 2.0, and 3.0: Understanding the Evolution of the Internet
Price analysis 2/14: BTC, ETH, SOL, BNB, XRP, ADA, AVAX, DOGE, LINK, DOT

The market capitalization of Bitcoin (BTC) reached $1 trillion on Feb. 14, driven by the high demand from recently launched spot Bitcoin exchange-traded funds. Data reveals that these ETFs saw inflows of over $600 million on Feb. 13 alone.

On Feb. 12, Bitcoin ETFs purchased 10 times more Bitcoin than what was produced by miners. Anthony Pompliano, the founder of Pomp Investments, stated in an interview with CNBC that approximately $200 billion worth of Bitcoin is available for trading, as 80% of the total supply has been inactive. Pomp also noted that within just 30 days of their launch, Bitcoin ETFs have consumed 5% of the entire tradeable supply of Bitcoin.

The significant surge in Bitcoin’s value pushed the Crypto Fear and Greed Index score to 79 on Feb. 13, indicating “extreme greed”. The last time the index reached this level was in mid-November 2021, when Bitcoin reached its all-time high of $69,000. During strong bullish periods, the sentiment may remain in the “extreme greed” zone for an extended period, but as the price continues to rise, the risk of a correction also increases.

Therefore, traders should closely monitor the technical aspects of Bitcoin in order to identify a potential reversal in the near future. Will Bitcoin continue its upward trend above $52,000, or will traders start to take profits, leading to a short-term correction? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

The Evolution of the Internet: Understanding Web 1.0, 2.0, and 3.0

Bitcoin’s recent price surge has sparked discussions about the potential of Web 3.0 and its impact on making money. After breaking through the $48,970 resistance on Feb. 12, Bitcoin’s uptrend continued, with strong buying at lower levels despite attempts by bears to push the price down.

While the bullish trend is supported by the 20-day exponential moving average ($45,826), the relative strength index (RSI) indicates overbought conditions, suggesting a potential correction or consolidation in the near future.

The $52,000 level is a key hurdle for buyers, and a failure to break through could signal a short-term top and a potential drop to the 20-day EMA. However, if the price surpasses $52,000, it could see a climb to $60,000.

As the internet continues to evolve, the differences between Web 1.0, 2.0, and 3.0 become increasingly vital. While some argue that Web 3.0 has already begun, others debate the distinctions between Web 2.0 and 3.0, and even speculate about the potential of Web 4.0. Regardless, it is clear that the internet is constantly changing and adapting, and it is important to stay informed and understand these developments.

Understanding the Evolution of the Internet: Web 1.0, 2.0, and 3.0

The rise of Web 3.0, also known as the “Semantic Web,” has brought significant changes to the way we use and interact with the internet. This new era of the internet is marked by advanced technologies and applications that have greatly improved user experience and opened up new opportunities for making money online.

Unlike its predecessors, Web 3.0 is characterized by its ability to interpret and understand data, making it smarter and more personalized for users. This has led to the development of innovative platforms and services that have revolutionized the way we live, work, and communicate.

While some argue that Web 3.0 has already begun, others believe that we are still in the early stages of this new era.

The Evolution of the Web: Understanding Web 1.0, 2.0, and 3.0

Web 1.0, 2.0, and 3.0 are distinct stages in the development of the internet. While Web 1.0 was characterized by static web pages and limited user interaction, Web 2.0 introduced dynamic content and increased user participation. Now, Web 3.0 is on the rise, promising even more advanced features and opportunities for users to make money.

The emergence of Web 3.0 is evident in the recent price analysis of Solana (SOL). The bulls have successfully defended the retest of the breakout level at $107, indicating a positive shift in sentiment. With minor resistance at $117, the SOL/USDT pair is likely to surpass this level and potentially reach the formidable hurdle at $127. If the bulls continue to prevail, the pattern target of $135 could be achieved.

However, caution must be exercised as a break and close below the moving averages could signal selling at higher levels and trap aggressive bulls. In this scenario, the pair may descend towards the solid support at $80.

BNB price analysis

The recent dip in BNB (BNB) has been met with bullish support, as evidenced by the bounce off the 20-day EMA ($314) on Feb. 12. This suggests that lower levels are attracting buyers in the market.

With the moving averages sloping upwards and the RSI hovering near overbought levels, it is clear that the path of least resistance for BNB/USDT is to the upside. If the pair can break through the overhead resistance at $338, we can expect further gains towards $360 and potentially even $400.

However, a sharp rejection at $338 would indicate that bears are active at higher levels. In this case, a break below the moving averages could lead to a deeper pullback towards the key support at $288.

Understanding the Differences Between Web 1.0, 2.0, and 3.0

The battle between the bulls and bears for XRP (XRP) continues to rage near the 20-day EMA ($0.52), creating a sense of uncertainty for the future movement of the cryptocurrency.

The 20-day EMA remains flat and the RSI hovers around the midpoint, making it difficult to determine a clear advantage for either buyers or sellers. If the price falls below $0.50, the sellers will have the upper hand and could push the XRP/USDT pair towards the vital support level at $0.46.

On the other hand, if the bulls can successfully break through the strong resistance at the downtrend line and maintain the price above it, they will gain the advantage and potentially drive the pair towards $0.67.

Understanding the Evolution of the Internet: Web 1.0, 2.0, and 3.0

Web 3.0 is a crucial development in the internet landscape, but have we truly entered this new era? On February 12, buyers successfully pushed Cardano (ADA) above the descending channel pattern, but have since struggled to establish a sustained upward trend.

Despite this, the 20-day EMA ($0.52) trending upwards and the RSI in positive territory suggest that the bulls may have a slight advantage. If the price can maintain above $0.57, the ADA/USDT pair is likely to see a jump to $0.60 and potentially even $0.68.

However, a downward turn and drop below the moving averages could result in a trap for aggressive buyers, leading to long liquidation and a potential drop to the strong support at $0.46.

Analysis of Avalanche Prices

Avalanche (AVAX) has been experiencing selling pressure at $42, but the bulls have managed to hold their ground, indicating a potential for further gains. The rising 20-day EMA ($37.12) and positive RSI also suggest a potential break above $42, potentially leading to a surge towards $50.

The first level of support can be found at the 20-day EMA, and a break below this could signal a decrease in buying pressure. This could lead to a potential slide towards the crucial support at $32.

Understanding the Evolution of the Web: Web 1.0, 2.0, and 3.0

The current status of Dogecoin (DOGE) trading indicates a balance between buyers and sellers, with the price hovering near the moving averages for several days.

Neither the 20-day EMA ($0.08) nor the RSI above the midpoint gives a clear advantage to either the bulls or the bears. However, if the resistance at the downtrend line is overcome, buyers may gain the upper hand and potentially lead to a rally towards the $0.10 to $0.11 resistance zone.

On the other hand, if the price sinks and remains below the uptrend line, the advantage will shift towards the bears. This could result in a potential drop to $0.07 and eventually the critical support at $0.06 for the DOGE/USDT pair.

Understanding the Evolution of the Web: Web 1.0, Web 2.0, and Web 3.0

Chainlink (LINK) has experienced a pullback in its uptrend, indicating that short-term traders are taking profits near $20.85.

Typically, during strong uptrends, pullbacks do not last more than three days as the bulls quickly buy on any minor dips. If the price breaks above $20.85, the LINK/USDT pair could see a significant surge towards its pattern target of $21.79.

However, the bears may have different plans. They could try to push the price below the 20-day EMA ($18.09), which would be the first sign of weakness. In this case, the pair may retest the breakout level of $17.32.

Understanding the Evolution of the Web: Differences between Web 1.0, 2.0, and 3.0

Web 3.0 is a vital step in the progression of the internet, offering new opportunities for making money. But has it truly begun? Let’s explore the differences between Web 1.0, 2.0, and 3.0 to find out.

One key difference between Web 2.0 and Web 3.0 is the potential failure of the H&S pattern. This could attract buyers and push the price of Polkadot (DOT) to $8.58, but strong selling by bears may prevent this. To make a comeback, bears must sink and sustain the price below the 20-day EMA ($7.08), potentially leading to a drop to the robust support at $6.

Categorized in:

Tagged in: