The debut of memecoins linked to President-elect Donald Trump and Melania Trump sparked such a surge in activity that it temporarily overwhelmed the Solana network. For a tense half hour, users faced a slew of failed transactions and system errors.
In the latest Filecoin price analysis, the currency stands at $5.40 and is encountering difficulties surpassing the $6.05 resistance level.
The largest disruption, however, may be unfolding in the traditional $6.7 trillion e-commerce market. Here, the decentralized giant Web3Bay (3BAY) is making a notable entrance, merging Web2 and Web3 technologies to enhance transparency, adaptability, and consumer control.
The 3BAY token has quickly found success, raising $835,000 with three presale batches selling out swiftly. With the fourth stage now open, the window for getting involved in the future of e-commerce is rapidly closing.
Solana Network Congestion Due to Trump Memecoins
The Solana network was recently bogged down following the release of memecoins associated with President-elect Donald Trump and his wife, Melania. Launched just before Trump’s presidential inauguration, these tokens, named TRUMP and MELANIA, drummed up significant trading volumes, leading to temporary congestion on the network.
For approximately 30 minutes, transaction failures and errors plagued users on blockchain explorers like Solscan. Analysis showed that nearly 90% of MELANIA tokens were stored in just one wallet, despite earlier claims of a diversified distribution. Concurrently, the TRUMP token experienced a significant valuation drop, losing $5 billion in market cap shortly after MELANIA’s debut.
Filecoin Price Analysis: Struggles at the $6.05 Resistance Level
The latest Filecoin (FIL) price analysis indicates a break from a falling wedge pattern, yet the coin remains stagnant at $5.40, struggling beneath the crucial $6.05 resistance level.
Support at $4.77 is holding strong, helping to stave off further losses. Despite the mixed Filecoin’s price analysis signals, recent data suggest a cautiously optimistic view among traders, as seen in the slight rise in Binance funding rates.
Web3Bay Merges Web2 & Web3, Redefining E-commerce
As the internet evolves, Web3 technology is becoming a pivotal force. Moving away from the Web2 model, where large corporations dominate data control, Web3 introduces a blockchain-based, user-driven architecture.
This shift towards more autonomy, security, and transparency is resonating across various sectors, with the web3 technology market potentially growing to over $23.3 billion by 2028.
E-commerce is particularly ripe for transformation, with platforms like Web3Bay leading the charge. While Web2 isn’t disappearing, the demand for diverse transaction options persists—whether via fiat or crypto—and Web3Bay seamlessly facilitates this integration.
Web3Bay supports established payment methods like PayPal and enriches the shopping experience with cryptocurrency options, offering total transaction transparency and data control.
The platform’s 3BAY token allows users to influence platform decisions and transact freely, posing significant profit opportunities for investors. After three rapid sell-outs in the presale stages, the token is currently priced at $0.00456262 in stage four, with more than 235 million tokens already sold.
As blockchain technology gains broader acceptance, Web3Bay is poised to claim a major stake in the $6.7 trillion e-commerce market, with early 3BAY token investors potentially seeing substantial returns.
The Staying Power of Web3 Technology
The Solana network’s near-collapse following the launch of the Trump-related memecoins reveals only a part of the narrative. More troubling is the fact that 90% of MELANIA tokens found their way into a single wallet, and the TRUMP token’s market cap plummeted by $5 billion shortly thereafter.
Filecoin is also struggling, with the price having difficulty surmounting the $6.05 resistance, despite strong support at $4.77.
Conversely, Web3Bay is experiencing robust demand. The platform’s 3BAY token presales have been a hit, selling out stages swiftly. As Web3Bay prepares to redefine the e-commerce sector, those who miss out now might well regret it as another pivotal “Bitcoin moment.”
Join Web3Bay Presale Now:
Presale: https://web3bay.io/buy
Website: https://web3bay.io/
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Disclaimer
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