Web3 AI has everyone in the crypto world buzzing. Its suite of AI-powered tools and a very successful presale that has already raised over $2.5 million! The platform’s proactive Scam Detector is receiving major accolades for protecting investors from fraud. At the same time, Avalanche (AVAX) suffers one of the biggest price retracements on record. This article takes a closer look at all of the recent news involving Web3 AI and what’s been hindering Avalanche.
Web3 AI's Innovative Tools and Presale Success
Web3 AI is in the process of building a dozen AI tools that aim to assist all kinds of crypto market activities. From trading strategies to portfolio creation to staking, these tools help you do it all with a focus on managing your risk. One of its most notable features, the Scam Detector, pro-actively detects and flags potential scams, equipping users with the tools to avoid financial loss.
As the ongoing presale of Web3 AI tokens continues to attract tremendous interest, over $2.5 million has been raised to date. Now in stage 3, the token is listed at $0.000331. The ultimate presale phase had been expected to reach $0.003267. Based on the launch price officially at $0.005242, early investors would enjoy an incredible potential upside!
Scam Detector: A Proactive Approach to Security
Web3 AI’s Scam Detector powered by AI is a big step towards a more secure and less unpredictable world of cryptocurrency. By identifying potential scams before they can impact investors, this tool aims to prevent losses and foster a safer trading environment. This aspect is what sets Web3 AI apart from others and emphasizes its dedication to safeguarding users’ interests.
The Scam Detector doesn’t just stop at detecting scams. This flexible, proactive approach provides communities and the public with the tools needed to identify threats they may not otherwise see. By creating this early warning system, investors will be empowered with knowledge to make better decisions and steer clear of potentially devastating investments.
Avalanche's Price Correction and Support Level
Despite the good vibes that Web3 AI is creating, Avalanche (AVAX) is still experiencing short-term bearish price pressure. AVAX has been falling since touching that high mark of late April as the price is down 16%. Today, it is trading around $18, which represents an important technical support floor. This important level might just indicate whether or not AVAX finally finds its stabilizing footing or continues to sink lower.
The $18 level is extremely important for AVAX to hold, as a break under this level would likely indicate a continuation of bearish momentum. Investors and analysts continue to watch Avalanche’s price action closely to determine whether it has any clearing sky ahead or is doomed to keep sinking.
