NEAR Protocol

Axie Infinity

<div class="insidebitcoins">
 NEAR’s declining price has raised concerns among its users. Are developers fleeing the protocol, or could it be the overall crypto market dip?&nbsp;
 The cryptocurrency market cap dropped to over $1.05 trillion, a 0.3% loss in the last 24 hours.
 While no specific update or factor drives this dip, there are speculations that regulatory concerns or fear-driven trends like the recent spot Bitcoin EFT applications awaiting approval from the US SEC could be the lead cause.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Will the SEC Approve Any Of The Recent Bitcoin Spot ETF Applications?
 People often ask for my opinion on whether the SEC will approve any of the recent spate of bitcoin spot ETF applications, which is an interesting and important question.
 My take is that the current SEC will… pic.twitter.com/lPXebl03Y4
 — John Reed Stark (@JohnReedStark) August 13, 2023
 </blockquote>
 
 The spot Bitcoin ETF represents a highly sought-after goal within the cryptocurrency industry. Its approval would attract institutional investors and provide an easier way for retail investors to engage with BTC.&nbsp;
 However, all attempts to secure approval for such ETFs from the US Securities and Exchange Commission have been unsuccessful. This has created a negative market sentiment in the crypto space affecting several prominent altcoins, including NEAR.
 <h3 id="near-s-bearish-trend-is-poised-to-last-longer-what-to-do">NEAR’s Bearish Trend is Poised to Last Longer – What To Do?</h3>
 Since starting August, NEAR has traded between the $1.1 and $1.4 price levels as its Support and resistance.
 Today, August 22, it has reached $1.13, with a 1% dip in the last 24 hours.&nbsp;Irrespective of the price dip, NEAR’s 24-hour trading volume is still up by 18%, recording over $42.15 million.
 Given its trade range between $1.1 and $1.4, the technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> below will help determine the coin’s next more in the coming days.
 <h3 id="near-usd-daily-chart-depicts-more-price-dips-below-what-should-investors-do">NEAR/USD Daily Chart Depicts More Price Dips Below; What Should Investors Do?</h3>
 <img decoding="async" class="wp-image-432094 aligncenter" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20848%20302'%3E%3C/svg%3E" alt="Near Protocol" width="848" height="302" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/03/20/5e765632f12e30d5c1fa539025ca0b10.webp 1024w, https://cdn.thebittimes.com/images/2024/03/20/5e765632f12e30d5c1fa539025ca0b10.webp 300w, https://cdn.thebittimes.com/images/2024/03/20/5e765632f12e30d5c1fa539025ca0b10.webp 768w, https://cdn.thebittimes.com/images/2024/03/20/5e765632f12e30d5c1fa539025ca0b10.webp 1238w" data-lazy-sizes="(max-width: 848px) 100vw, 848px" data-lazy-src="https://cdn.thebittimes.com/images/2024/03/20/5e765632f12e30d5c1fa539025ca0b10.webp">
 <noscript><img decoding="async" class="wp-image-432094 aligncenter" src="https://cdn.thebittimes.com/images/2024/03/20/5e765632f12e30d5c1fa539025ca0b10.webp" alt="Near Protocol" width="848" height="302" srcset="https://cdn.thebittimes.com/images/2024/03/20/5e765632f12e30d5c1fa539025ca0b10.webp 1024w, https://cdn.thebittimes.com/images/2024/03/20/5e765632f12e30d5c1fa539025ca0b10.webp 300w, https://cdn.thebittimes.com/images/2024/03/20/5e765632f12e30d5c1fa539025ca0b10.webp 768w, https://cdn.thebittimes.com/images/2024/03/20/5e765632f12e30d5c1fa539025ca0b10.webp 1238w" sizes="(max-width: 848px) 100vw, 848px">
 </noscript>
 In the chart above, the NEAR protocol’s coin is recording increasing selling pressure on its price, as reflected in the red candle stick formation.
 Also, the coin’s Moving Average Convergence Divergence (MACD) indicator is below the signal line and has faded red histogram bars. This confirms the decrease in buying activities, suggesting further price drops in the coming days.&nbsp;
 Moreover, the chart shows NEAR’s Relative Strength Index (RSI) at 27.84, moving flat. This signifies that the coin is upholding its oversold territory (below 30), necessitating buyers’ intervention for potential recovery.&nbsp;
 Considering the persistent bearish pressure on the coin, NEAR Protocol could experience an additional price decrease, possibly testing the Support at $1.10.&nbsp;
 Crossing the 50-Day Simple Moving Average (SMA) line below the 200-Day SMA suggests continuing the bearish trend throughout the week.&nbsp;
 Given NEAR’s <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> in the daily chart above, the coin’s volatility is relatively low, and the trend of lower lows persists. Investors should watch out for a fall to the next support level.&nbsp;
 <h3 id="near-fluctuates-between-1-1-as-support-and-1-4-as-resistance-what-s-next-breakdown-or-breakout">NEAR Fluctuates Between $1.1 as Support and $1.4 as Resistance – What’s Next: Breakdown or Breakout?</h3>
 <img decoding="async" class="wp-image-432097 aligncenter" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20790%20284'%3E%3C/svg%3E" alt="Near Protocol" width="790" height="284" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/03/20/94b98ab192278a46d4149672206b3c8e.webp 1024w, https://cdn.thebittimes.com/images/2024/03/20/94b98ab192278a46d4149672206b3c8e.webp 300w, https://cdn.thebittimes.com/images/2024/03/20/94b98ab192278a46d4149672206b3c8e.webp 768w, https://cdn.thebittimes.com/images/2024/03/20/94b98ab192278a46d4149672206b3c8e.webp 1240w" data-lazy-sizes="(max-width: 790px) 100vw, 790px" data-lazy-src="https://cdn.thebittimes.com/images/2024/03/20/94b98ab192278a46d4149672206b3c8e.webp">
 <noscript><img decoding="async" class="wp-image-432097 aligncenter" src="https://cdn.thebittimes.com/images/2024/03/20/94b98ab192278a46d4149672206b3c8e.webp" alt="Near Protocol" width="790" height="284" srcset="https://cdn.thebittimes.com/images/2024/03/20/94b98ab192278a46d4149672206b3c8e.webp 1024w, https://cdn.thebittimes.com/images/2024/03/20/94b98ab192278a46d4149672206b3c8e.webp 300w, https://cdn.thebittimes.com/images/2024/03/20/94b98ab192278a46d4149672206b3c8e.webp 768w, https://cdn.thebittimes.com/images/2024/03/20/94b98ab192278a46d4149672206b3c8e.webp 1240w" sizes="(max-width: 790px) 100vw, 790px">
 </noscript>
 NEAR coin finds Support at $1.12 while resistance at $1.14, suggesting a prevailing bearish sentiment. This downward momentum is anticipated to persist till the following week.&nbsp;
 Meanwhile, NEAR’s approach above the $1.14 resistance and trading above it could be considered a breakout. This means buying momentum has overcome selling pressure, potentially increasing prices.&nbsp;
 Conversely, if the price of the NEAR coin fails to stay above the support level at $1.12 and falls below it, this could be seen as a breakdown, suggesting overwhelming selling pressure on the coin.&nbsp;
 Traders and investors should monitor NEAR’s price movements to determine its next move before making any trading decisions.
 The bearish market sentiment in NEAR’s market is alarming, necessitating a hunt for alternative assets to harness. As such, a revolutionary project with 10x to 100x potential, Launchpad XYZ, may be worth considering.
 <h2 id="comprehensive-and-unique-web3-dashboard-with-high-rewarding-token">Comprehensive and Unique Web3 Dashboard with High-Rewarding Token</h2>
 Launchpad XYZ offers a comprehensive Web3 dashboard for traders of all levels. It provides essential tools, including data, insights, and market sentiment, simplifying the complex Web3 landscape.&nbsp;
 Additionally, it delivers extensive data on utility tokens, covering liquidity, indicators, insights, and arbitrage opportunities.
 The platform combines Web2’s ease of use with Web3 advantages like asset fractionalization and revenue-sharing, equipping traders with tools to navigate the crypto market seamlessly.
 A standout feature is real-time updates on upcoming Web3 investments. It offers exclusive alerts for presales and secures presale tokens for users.&nbsp;Users must stake 10,000 LPX tokens for 90 days to access these benefits.
 Launchpad XYZ’s key feature is staking. Users staking at least 10,000 LPX tokens monthly gain benefits like beta access to P2E (play-to-earn) games, fee discounts, and exclusive badges.
 LPX stakers also access upcoming NFT mints with potential similar to Bored Ape Yacht Club (BAYC), where initial investments turned into million-dollar sales.
 Early P2E game access is another staking perk, with games like Decentraland and Axie Infinity reaching multi-billion-dollar valuations.
 Additionally, Launchpad XYZ is developing a decentralized exchange for trading assets, including “select perpetual contracts.” LPX stakers will get lower trading fees on this exchange, enhancing LPX token utility.
 As an AI-driven project, Launchpad XYZ is introducing revolutionary developments tailored to help its users make the most of their experience on the web3 platform.
 Its flexible liquidity allows users to optimize their cash-outs, providing smooth transactions irrespective of the market’s mood. Users can educate themselves by initiating the Launchpad XYZ Alpha, empowering their trading with the ideal knowledge.&nbsp;
 Also, its AI Trading Insights harnesses the power of artificial intelligence to provide users with smarter trading. By allowing AI to guide users, Launchpad XYZ provides sharp, data-based insights to support every move of its users regarding trading on the platform.
 While the project is yet to launch, its revolutionary <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> attract crypto enthusiasts and investors seeking to grasp the financial aspect of the web3 sector without hassle.
 The project’s token, $LPX, is still in its presale fundraising campaign, with over $1.37 million raised.&nbsp;With the price at $0.0445, investors can buy many of the tokens before the end of the presale.
 Given its initial valuation of $1.55 million, $ LPX’s presale will end once it raises an additional $177K. Are you interested&nbsp;in this utility-infused project with high-growth potential? Swap your USDT, BNB, or ETH for $LPX to join or make the purchase with your bank card.
 <h3 id="read-more">Read More:</h3>
 <ul>
 <li>Next Cryptocurrency To Explode 2023</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/near-protocol-price-prediction-near-drops-3-are-developers-fleeing-this-platform-tbt83066.html">https://thebittimes.com/near-protocol-price-prediction-near-drops-3-are-developers-fleeing-this-platform-tbt83066.html</a>
</div>

NEAR Protocol Price Prediction: NEAR Drops 3% – Are Developers Fleeing This Platform?

Table of Contents

TheBitTimes

Other articles published on Mar 20, 2024

Book of Meme Price Prediction: BOME Outperforms PEPE With 18% Surge As Investors Flock To This 2....

Whale’s Wake: $15M XRP Shift Sparks Market Speculation

Ripple vs SEC Update: A New Chapter in the XRP Lawsuit With Joint Sealing Agreement

Bitcoin Supply On Exchanges Hit 4-Year Low, But Why Is Price Crashing?

Market Tension and Meme Coin Dynamics as Interest Rate Concerns Loom

Shorooq Partners Leads $11M Funding Round for MANTRA’s RWA Tokenization Mission

Join our free newsletter for daily crypto updates!