Web Analytics
The Coin Rise
2025-02-16 02:00:47

Shiba Inu & Polkadot Face Sell Pressure, While Web3Bay Rises as the Best Crypto to Buy in February With 4,200% ROI Potential

The crypto market remains unpredictable, constantly challenging investor sentiment. Currently, Shiba Inu (SHIB) and Polkadot (DOT) are under selling pressure, forcing traders to reconsider their positions. SHIB’s burn rate has plunged by 60%, reducing its deflationary impact, while Polkadot’s failed bullish breakout has led to a 20% price drop, raising concerns over further losses. However, not all cryptocurrencies are struggling. Web3Bay (3BAY) is emerging as a strong contender, offering a real-world use case in decentralized e-commerce. Unlike SHIB and DOT, Web3Bay is more than just a token—it is a blockchain-powered marketplace aimed at disrupting traditional platforms like Amazon and eBay. With a rapidly growing presale and strong market demand, Web3Bay is positioning itself as one of the best crypto to buy right now. Shiba Inu’s 60% Burn Rate Decline Raises Questions Shiba Inu’s burn rate has dropped 60.59% in the last 24 hours, sparking concerns about its long-term deflationary strength. While the weekly burn rate still shows a 3,500% increase, suggesting ongoing community efforts to limit supply, technical indicators paint a more cautious outlook. At the moment, SHIB is trading at $0.00001644, with key support levels under close watch. The Relative Strength Index (RSI) sits at 36.53, hovering near the oversold zone, signaling the potential for short-term stabilization. However, the MACD remains negative, reinforcing existing selling pressure. From a bullish perspective, a contracting triangle pattern is forming. Should SHIB manage to break past resistance at $0.00001688, $0.000017549, or $0.000018966, it could signal the start of a recovery. Polkadot’s 20% Decline Sparks Uncertainty Polkadot has experienced a sharp 20% price decline, falling from $6.50 to $4.82 and invalidating what was previously a promising bullish pennant formation. The failure of this breakout has shifted market sentiment, leaving DOT struggling to maintain support levels. Technical indicators suggest further downside risks. The RSI is at 31.64, nearing the oversold zone, reflecting persistent selling pressure. Moreover, funding rates have turned negative, signaling increased short interest, which could drive Polkadot’s price even lower. Should this downward momentum continue, DOT may slide further to $3.59. However, if oversold conditions trigger a reversal, there is a possibility for a bounce toward $8.57, aligning with the 0.618 Fibonacci retracement level. Web3Bay: The Best Crypto to Buy for February? Web3Bay (3BAY) is quickly becoming one of the most talked-about crypto investments of the month, bringing blockchain innovation to the trillion-dollar e-commerce sector. Unlike centralized platforms like Amazon and eBay which impose high fees and data control, Web3Bay is building a decentralized, cost-efficient marketplace where users have complete ownership over transactions. A key feature that sets Web3Bay apart is its smart contract renouncement after the presale, ensuring that no central authority can alter the platform. Additionally, governance is entirely community-driven through a Decentralized Autonomous Organization (DAO), making Web3Bay one of the few truly decentralized marketplaces in the crypto space. Users can also stake 3BAY tokens to earn passive income, benefiting from low transaction fees and enhanced blockchain security via IPFS storage. Web3Bay’s presale is gaining significant traction, with over $1.18 million raised and 290 million tokens sold across multiple stages. Currently, 3BAY is priced at $0.00456 in Stage 4, with a projected launch price of $0.1959, offering an astonishing 4,200% ROI for early investors. As blockchain adoption continues to disrupt traditional industries, Web3Bay is standing out as the best crypto to buy for those looking at high-growth investment opportunities. Final Thoughts While Shiba Inu and Polkadot remain prominent names in the crypto space, both are facing notable challenges. SHIB’s burn rate decline and bearish technical indicators suggest increased selling pressure, while Polkadot’s price weakness indicates that further losses may be possible before any meaningful recovery. Meanwhile, Web3Bay is redefining the online marketplace model. With its decentralized governance, staking incentives, and blockchain-based security, it offers real-world utility beyond just speculation. The Web3Bay presale has already surpassed $1.18 million in funding, with 290 million tokens sold, solidifying its position as one of the most promising blockchain projects currently available. For investors looking for the best crypto to buy , Web3Bay presents a rare opportunity to enter an emerging sector before mainstream adoption accelerates. Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ The post Shiba Inu & Polkadot Face Sell Pressure, While Web3Bay Rises as the Best Crypto to Buy in February With 4,200% ROI Potential appeared first on TheCoinrise.com .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.