Web 3.0: The Future of Venture Capital and Beyond

Bitcoin (BTC) May Enter Pre-Halving “Danger Zone” in Just Days, Analyst Warns

As the highly anticipated halving event for Bitcoin draws near, one analyst has issued a warning about a potential price drop in the lead-up to the event. Crypto analyst Rekt Capital has identified a historical trend where Bitcoin’s price has dipped in the 14-28 days prior to a halving, dubbing this period the “Danger Zone”.

According to Rekt Capital, this pattern was observed in the 2016 halving, where Bitcoin fell by 40%, and again in 2020, where it dropped by 20%. In January, Rekt Capital predicted a “pre-halving rally” approximately 60 days before the halving, followed by a “pre-halving retrace” in the weeks leading up to the event.

Interestingly, this prediction has already come to fruition, as Bitcoin saw a surge in mid-February and even surpassed its previous cycle’s all-time high of $68,990 in March. This marks the first time that Bitcoin has reached a new all-time high before a halving event.

With the next halving expected in less than 33 days on April 20, according to CoinMarketCap, the price of Bitcoin has already dropped by 8.5% from its recent peak of $73,835. This trend is further supported by data from Cointelegraph Markets Pro.

The CEOs of Crypto.com and Binance are optimistic about the future of Bitcoin

During an event in Bangkok on March 17, Binance CEO Richard Teng expressed his belief that Bitcoin will continue to break records and reach a price of over $80,000 by the end of the year, as reported by Bloomberg.

Teng stated that Bitcoin is just getting started and pointed to the significant investments made by institutional investors through new US-based exchange-traded funds (ETFs), which currently hold $57 billion in assets under management according to data from Dune Analytics.

The CEO of Binance also acknowledged that there may be some price fluctuations along the way, but ultimately believes that the decreasing supply and increasing demand for Bitcoin will drive its price upwards.

Crypto.com co-founder and CEO Kris Marszalek shared a similar sentiment during a CNBC interview on March 15, stating that the recent price drop for Bitcoin was a healthy correction that removed excess leverage from the market.

Marszalek also noted that his exchange is currently seeing a similar pattern to late 2020 and early 2021, when Bitcoin went from under $20,000 to over $60,000 in just three months. He believes that the current volatility is relatively low compared to previous cycles and expects a gradual increase in price over time.

As web 3.0 continues to evolve and mature, it is attracting more attention and investment from venture capitalists. This new era of the internet promises to bring significant advancements and innovations, and it is only just beginning.

Web 3.0 tools and technologies, such as web analytics 3.0, are being developed to enhance user experiences and provide more personalized and efficient services. This shift towards a more decentralized and interconnected web has been in the works for some time, and we are now starting to see its impact on the market.

While the exact timeline for web 3.0 is uncertain, it is clear that it has already begun and is gaining momentum. As we continue to see more developments and adoption, the potential for web 3.0 to revolutionize the internet and our daily lives becomes increasingly apparent.

So, has web 3.0 officially started? It’s hard to say for sure, but one thing is certain – the future looks bright for this new era of the internet.