Memecoins linked to President-elect Donald Trump and Melania Trump recently triggered a surge in activity that briefly overwhelmed the Solana network, leading to a 30-minute period where users encountered transaction failures and system errors.

In the realm of Filecoin price analysis, FIL is currently trading at $5.40 and facing challenges in surpassing the $6.05 resistance mark.

Meanwhile, the vast traditional e-commerce market, valued at $6.7 trillion, is witnessing a shift with the entry of decentralized retail powerhouse Web3Bay (3BAY). By integrating Web2 and Web3 technologies, Web3Bay enhances transparency, flexibility, and user empowerment. 

The 3BAY token has already raised $870,000, with the first three presale batches selling out swiftly. As the fourth stage progresses, the window for capitalizing on this evolving e-commerce landscape narrows.

The Solana network faced significant disruptions following the release of memecoins associated with President-elect Donald Trump and his wife, Melania, right before Trump’s inauguration. These tokens, particularly TRUMP and MELANIA, spurred extensive trading that led to temporary network congestion.

During this period, blockchain explorers like Solscan registered numerous transaction failures and errors. An analysis revealed that nearly 90% of MELANIA tokens were concentrated in a single wallet, contradicting claims of equitable distribution. Concurrently, the TRUMP token experienced a drastic decrease, shedding $5 billion in market value soon after the MELANIA token was introduced.

Filecoin Price Analysis: Navigating the $6.05 Resistance Barrier 

Current FIL price analysis indicates a breakout from a descending wedge pattern, positioning the coin at $5.40. Despite this upward trend, FIL remains below the pivotal $6.05 resistance due to trader hesitancy.

A strong support level at $4.77 helps mitigate further declines. While Filecoin’s price analysis shows mixed signals, recent market data suggests a tentative optimistic outlook, mirrored in Binance funding rates.

Web3Bay Fuses Web2 & Web3, Reinventing E-commerce 

The Internet space is undergoing a significant transformation with the advent of Web3 technology, which promises enhanced user control, security, and transparency compared to the centralized nature of Web2.

With the web3 technology sector potentially expanding to $23.3 billion by 2028, one of the key beneficiaries is the e-commerce industry, notably through platforms like Web3Bay. This integration doesn’t signal the end for Web2, as consumers still value diverse transaction options—both fiat and crypto—which Web3Bay accommodates.

Web3Bay not only supports mainstream payment methods like PayPal but also embraces the flexibility of cryptocurrencies, offering secure and transparent transactions and complete data ownership. 

The 3BAY token, pivotal for platform governance and transactions, has seen substantial interest, with three presale stages sold out, leading to several price increases. 

Currently, in stage 4 at $0.00456262 per token, Web3Bay’s presale has amassed over $870,000, with more than 235 million tokens sold.

As blockchain technology becomes more widespread, Web3Bay is set to capture a significant portion of the $6.7 trillion e-commerce market, presenting a lucrative opportunity for early 3BAY token investors.

Web3 Technology’s Lasting Impact

The near-collapse of the Solana network following the Trump memecoins debut underscores the broader implications of such events—90% of MELANIA tokens consolidating in a single wallet and a significant market cap loss for the TRUMP token.

Filecoin faces its challenges, with its struggle to surpass the $6.05 mark. However, Web3Bay’s trajectory contrasts sharply, with an overwhelming response to its 3BAY token presales. As Web3Bay positions itself to conquer the e-commerce market, missing out could become a regret reminiscent of the early days of Bitcoin.

Join Web3Bay Presale Now:

Presale: https://web3bay.io/buy

Website: https://web3bay.io/

Twitter: https://x.com/web3bayofficial

Instagram: https://www.instagram.com/web3bayofficial/ 

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