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Cryptocurrency Market: Chainlink, Avalanche, and Web3Bay in February

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by A1

7 hours ago


Crypto investors are closely watching the market, especially the changes in assets like Chainlink, Avalanche, and Web3Bay.

Whale Transactions and Chainlink Growth

Chainlink (LINK) is gaining attention due to an increase in whale transactions and a rise in active wallets to 9,531. According to Santiment data, a large number of major transactions often heralds price changes.

Avalanche Price Drops

Avalanche (AVAX) is facing selling pressure, falling below $27. With Fibonacci retracement indicating further declines if resistance efforts continue and capital outflows from the token persist.

Web3Bay and Its Impact on E-Commerce

Web3Bay (3BAY) is disrupting the e-commerce sector with its new decentralized platform, allowing users to bypass fees and intermediaries. Over $1 million has been raised in presale, offering investors favorable conditions for the new token.

Web3Bay stands out among the discussed cryptocurrencies due to its practical use and prospects. Chainlink and Avalanche face market uncertainty, but both projects are looked at as interesting assets for investors.

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