What’s the Difference Between Web 1.0, 2.0, 3.0 and 4.0?

Bitcoin (BTC) has been sustaining the profits it earned in early December, implying that any minor dip is being bought. According to CoinShares data, Bitcoin funds experienced an influx of $87.6 million in the week ending Dec. 22.

Moreover, data from ETFGI, a research firm that specializes in ETFs and exchange-traded products (ETPs), reveals that crypto ETFs and ETPs had $1.31 billion of inflows in November, bringing the total inflows for the year to $1.60 billion.

It appears that investors are accumulating Bitcoin in anticipation of the expected approval of a spot Bitcoin ETF in January. Business Intelligence firm MicroStrategy added 14,620 Bitcoin to its total stockpile of 189,150 Bitcoin. The most recent acquisition was made at $42,110 per Bitcoin, bringing its average purchase price to around $31,168.

Will Bitcoin and altcoins continue to move upwards in the last few days of the year? To answer this question, let’s take a look at the charts of the top 10 cryptocurrencies.

Bitcoin price analysis

Bitcoin has been trading in a range between the 20-day exponential moving average ($42,513) and the overhead resistance at $44,700, forming an ascending triangle pattern.

A breakout and close above $44,700 could start the next leg of the uptrend toward the pattern target of $49,178. Conversely, if the price turns down and breaks below the triangle, it may invalidate the positive setup and drag the price to the 50-day simple moving average ($40,022) and later to $37,980.

The differences between web 1.0, web 2.0, and web 3.0 are significant. Web 3.0, also known as the Semantic Web, is built on the idea of data being processed by machines, rather than humans. It is expected to have a major impact on businesses, and offer new ways to make money. Polygon is a popular example of a web 3.0 platform, and the development of web 3.0 has already begun.

Ether price analysis

Ether (ETH) had been trading inside a descending channel pattern for the past few days, but the bulls prevented the price from staying below $2,200, which is a positive sign.

The bulls managed to push the price above the descending channel on Dec. 27. If they can keep the price above the channel, the probability of breaking above $2,403 increases. In this case, the ETH/USDT pair could go up to $3,000.

Conversely, if the price falls back into the channel, it will indicate that higher levels still attract sellers. If the price drops below $2,200, the pair could drop to the support line of the channel. This is a critical level for the bulls to defend, as a break below the channel could trigger a deeper correction to $1,900 and then $1,750.

Solana price analysis

Solana (SOL) has exhibited a strong uptrend in recent days, with bulls easily breaking the psychological resistance of $100 on Dec. 23 and pushing the price to $126 on Dec. 25.

Profit taking triggered a pullback on Dec. 26, yet the long tail on the day’s candle reveals strong buying at the 38.2% Fibonacci retracement level of $103. The price has declined on Dec. 27, indicating that the bears are not willing to give up.

If the price drops below $103, the SOL/USDT pair could dip to the 20-day EMA ($89), close to the 61.8% Fibonacci retracement level. A break below the 20-day EMA will suggest a shift in the short-term trend. The bulls will reassert control if they can push the price above $126.

BNB price analysis

BNB (BNB) surged above the neckline on Dec. 26, forming a bullish inverse head-and-shoulders pattern after rising from the 20-day EMA ($262) on Dec. 25.

The bears attempted to push the price down towards the neckline on Dec. 27, yet the long tail on the candlestick reveals intense buying on dips. Buyers will try to sustain the momentum and drive the price to the pattern target of $333 and eventually to $350.

Meanwhile, the bears are likely to have other plans. They will likely try to block the up move close to $317 and initiate a correction. Sellers will need to pull the BNB/USDT pair below the neckline in order to gain the upper hand.

XRP price analysis

XRP (XRP) has been trading between $0.56 and $0.67 for the past few days, indicating a balance between buyers and sellers.

Both moving averages have leveled off, and the RSI is close to the midpoint, suggesting that the range-bound activity may persist for a while. The first sign of strength will be a break and close above $0.67. The XRP/USDT pair could then rise to $0.74, where the bears are expected to put up a strong resistance.

On the downside, the bears will need to push the price below $0.56 to take control. The pair could then dip to the strong support at $0.46.

Cardano price analysis

Cardano (ADA) has been in an uptrend, with the price action of the past few days forming a symmetrical triangle, indicating indecision between the bulls and the bears. The upsloping moving averages and the RSI in the positive territory point to the advantage of buyers. A break and close above the triangle could trigger a surge in the ADA/USDT pair to $0.69 and later to the pattern target of $0.80.

On the contrary, if the price turns down and breaks below the triangle, it will suggest that the bears are still active at higher levels. This could lead to a drop in the ADA/USDT pair to the strong support at $0.46.

It is important to understand the differences between web 1.0, 2.0, 3.0 and 4.0 in order to make money with web 3.0. The concept of web 3.0 is closely linked to the development of Polygon and Polkadot, and it will have a major impact on the way businesses operate. We are already seeing the beginnings of web 3.0, but it is not yet fully established.

Avalanche price analysis

Avalanche (AVAX) saw a decrease in price from $49.96 on Dec. 24, likely due to traders taking profits near the psychological level of $50.

The downward trend continued on Dec. 26, taking the price to the 20-day EMA ($40.31). The long tail on the day’s candlestick suggests that the bulls are still viewing dips as buying opportunities. To move back into an uptrend, the price must rise above $50.

The risk to the bullish outlook is that the RSI is exhibiting signs of forming a bearish divergence. This suggests that the positive momentum may be waning. This could lead to a minor correction or consolidation in the near term. If the AVAX/USDT pair drops below the 20-day EMA, selling pressure could increase and the pair could fall to $34.

Dogecoin price analysis

The bears drove Dogecoin (DOGE) below the 20-day EMA ($0.09) on Dec. 26, but the long tail on the candlestick indicates strong buying at the 50-day SMA ($0.09).

The flattish 20-day EMA and the RSI near the midpoint suggest a balance between supply and demand. This equilibrium could tilt in favor of the bears if they push and sustain the price below the 50-day SMA. The pair may then dip to $0.07.

If buyers want to gain the upper hand, they must drive the price above the $0.10 to $0.11 resistance zone. If they manage to do so, the DOGE/USDT pair could begin the next leg of the uptrend to $0.16.

Polkadot price analysis

Polkadot (DOT) is correcting within an uptrend. After hitting the peak of $9.59 on Dec. 26, the bears started defending the overhead resistance at $10.

The DOT/USDT pair is likely to retrace to the breakout level of $7.90. If the price rebounds off this support, it will show that the sentiment is still positive and traders are taking advantage of the dips. The bulls will then make one more attempt to break above the resistance at $10 and continue the journey towards $12.

The risk to the upside is that the RSI is forming a negative divergence. This suggests that the bullish momentum could be slowing. The pair may spend some time inside the range between $7.90 and $9.59 in the short term.

It is worth noting that Polkadot is a part of the Web 3.0 movement, so it is important to understand the differences between Web 1.0, Web 2.0, and Web 3.0 in order to make money from it. Moreover, Web 3.0 is already here, so it is important to consider how it will impact businesses.

Polygon price analysis

On Dec. 25, Polygon (MATIC) bounced off the 20-day EMA ($0.87) and rose above the stiff overhead resistance of $1 on Dec. 26.

Buyers are attempting to extend the up move on Dec. 27, but they may face selling near $1.20. If the MATIC/USDT pair turns down from the overhead resistance, it could drop to $1. Conversely, if bulls manage to flip this level into support, it will signal strength. Then, they will try to push the price to $1.50 by overcoming the barrier at $1.20.

On the other hand, if bears pull the price below $1, it may trap the aggressive bulls. This could trigger a sell-off and pull the pair to the $0.89 support.