Web3 ai's $0.0003 Token Won't Stay Quiet for Long - Here's Why Insiders Are Accumulating Early

In a market full of noise, three projects are moving in very different directions, and only one is doing it without headlines.

.0003 Token Won't Stay Quiet for Long - Here's Why Insiders Are Accumulating Early" >

Canada is set to approve the first spot Solana (SOL) ETFs, which will also support staking, according to a report by TokenInsight.

The Ontario Securities Commission (OSC) is expected to give the green light to the ETFs on April 16, paving the way for their launch. The funds, offered by Purpose, CI Global, Evolve, and 3iQ, will track different indexes and provide investors with direct exposure to SOL.

The approval comes as SOL has surged more than 25% in the past week, hitting a new high of 355 million transactions last Friday. As the fifth largest cryptocurrency, Solana’s price performance and network activity have been strong throughout 2024.

Moreover, Solana’s staking yields are reportedly among the highest, which could be a major draw for investors. Some analysts believe that Solana’s staking yields could outpace those offered by Ethereum (ETH) in the long run.

This approval is a significant step forward for cryptocurrency investing in Canada. It follows the recent launch of several other crypto ETFs in the country, and it could open the door for further innovation in the space.

The news comes as the U.S. is still reviewing similar proposals for spot Bitcoin ETFs. A decision on VanEck’s application is expected by May 19.

While the SEC has been delaying these approvals, Canada appears to be taking the lead in expanding crypto investment products.

As Payprotocol integrates Chainlink Price Feed in a move to expand its capabilities and introduce new use cases for the technology, crypto analysis platform TokenInsight reports that a key integration has pushed Pi Network (PI) token price down 10%.

The optimistic price prediction by TokenInsight earlier in April sparked interest in the token, leading to a 70% price increase from $0.30 to a high of $0.64.

However, the recent price drop may signal a reversal of the short-term uptrend.

Here’s a breakdown of what happened and what could be next for PI.

What happened: Crypto analytics platform TokenInsight reported that Chainlink (LINK) Price Feed has been integrated into Payprotocol’s crypto payment service. This integration will enable seamless price discovery and efficient execution of cryptocurrency payments within Payprotocol’s system.

The integration marks a significant milestone in expanding Payprotocol’s capabilities and introducing new use cases for Chainlink’s technology in the Web3 payments industry.

Also, as Bitcoin (BTC) trades above $85,000, signaling limited volatility in the crypto market, PI has seen a 10% decline in the past 24 hours.

Now: Its price ranges between $0.64 and $0.74, with a market cap of $4.55 billion and a 24-hour trading volume of $292 million.

The Relative Strength Index (RSI) is at 30.67, indicating oversold conditions. The SMA 50 is at $0.696, while the SMA 200 stands at $0.58, showcasing negative momentum.

If this trend continues, it could see a retest of the crucial $0.60 support level or even slip further to reach $0.50. Conversely, a bounce from this level could propel it back towards the SMA 50 at $0.69.

As the market recovers and institutions increase their involvement in cryptocurrencies, the demand for efficient and reliable payment solutions is expected to rise. Payprotocol, with its integration of Chainlink’s advanced technology, is well-positioned to capitalize on this emerging trend.

This integration will not only enhance Payprotocol’s offerings but also expand the use cases for Chainlink’s Price Feed in the Web3 payments industry.

What is known for: Web3 ai is developing a suite of 12 AI-driven trading tools to be used in a modular ecosystem. These tools are designed to provide traders with an edge in today’s markets.

The startup is also preparing for Batch 1 of its $WAI presale, which is due to begin on Monday.

The startup is offering a unique combination of AI technology, a useful product, and a token with revenue sharing, governance rights, and a burn model.

What happened: As the market becomes engrossed in new narratives, those in the ‘know’ are quietly accumulating positions in something far greater. It’s not a meme coin, and it’s not a hot new narrative. It’s Web3 ai, and Batch 1 of its presale starts on Monday, April 15.

The $WAI token is priced at $0.0003 in Batch 1, and it powers a live ecosystem of 12 AI-driven trading tools. These tools are designed to provide traders with an edge in today’s markets.

The startup’s

News data source: kdj.com

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