Web3 Era Declared Over, Only DeFi and DePIN Remain
- End of Web3: Kyle Samani, co-founder of Multicoin Capital, declares the Web3 era over, arguing that only decentralized finance (DeFi) and decentralized physical infrastructure (DePIN) remain relevant, sparking widespread debate about the industry's future direction.
- Investor's Blunt Assessment: Samani notes that the ambitious vision of Web3 has failed to gain traction, with the market shifting focus to more utility-driven sectors, where DeFi offers financial services without intermediaries and DePIN coordinates physical infrastructure using blockchain, indicating market maturation.
- Changing Capital Flows: While venture capital funding for Web3 startups has significantly declined, investment in DeFi and DePIN protocols remains relatively stable, suggesting a growing interest in projects with clear revenue models and real-world applications.
- Impact of Identity Crisis: The increasing involvement of traditional finance institutions creates tension between the founding principles of decentralization and the practical realities of mainstream adoption, prompting investors to carefully assess the sustainability and compliance of projects.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0376 | 0.0441 | 0.0498 | 0.0563 | 0.0621 | 0.0685 | 0.0743 |
| Fibonacci | 0.0441 | 0.0487 | 0.0516 | 0.0563 | 0.061 | 0.0638 | 0.0685 |
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