{"id":41576,"date":"2023-07-28T09:05:07","date_gmt":"2023-07-28T13:05:07","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/near-protocol-is-going-to-zero-as-near-price-plummets-10-overnight-while-this-new-meme-coin-just-raised-1-1-million-100x-potential\/"},"modified":"2023-07-28T09:05:09","modified_gmt":"2023-07-28T13:05:09","slug":"near-protocol-is-going-to-zero-as-near-price-plummets-10-overnight-while-this-new-meme-coin-just-raised-1-1-million-100x-potential","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=41576","title":{"rendered":"NEAR Protocol is Going to Zero as NEAR Price Plummets 10% Overnight While This New Meme Coin Just Raised $1.1 Million \u2013 100x Potential?"},"content":{"rendered":"
\n

The hopes of NEAR holders are on the rocks as failed recovery rally seems destined for downside slide, this comes amid a last-ditch attempt to push-up out of consolidation – but is it doomed to fail?<\/p>\n

After more than two-years of heartfelt holding and despair, which has seen NEAR bleed-out more than -92% since the all-time high in January 2022, there are signs of life emerging in price structure.<\/p>\n

Could NEAR Mount Recovery Rally: NEAR Price Analysis<\/strong><\/h2>\n

As the embers are stoked from three days of consolidation at the rock-bottom $1.40 price level, NEAR is attempting to push up, currently trading at $1.387 (a 24 hour change of -0.58%).<\/p>\n

This comes as price stabilizes following a -14% localised retracement move, triggered on July 20 after price action met stiff resistance from the upper trendline at a major price level around $1.60.<\/p>\n

Forming a local ceiling of resistance, the $1.60 price level remains unbroken since June 5 – spotlighting more than 2 months of hard fought downside moves.<\/p>\n

Critical to the ongoing battle for support stands the 20DMA, which has formed a level of choppy support despite serial trips south as hot wallets traded the slide.<\/p>\n

Yet, there are some reasons to be cheerful, NEAR’s RSI has cooled-off significantly in the recent retracement move, and now stands with bullish divergence at 46.<\/p>\n

Although there is a little support to be found in the MACD, which contrasts this with bearish divergence at -0.011%.<\/p>\n

Trapped in a seemingly endless downward spiral, upside potential is limited here with a return to $1.6 likely to meet tough resistance once more (limiting upside to +16%).<\/p>\n

Meanwhile, downside risk remains similarly limited with a foundational support level at $1.25 likely forming a baseline (limiting downside to -9.35%).<\/p>\n

This leaves NEAR with a tricky risk: reward ratio of 1.71 – seemingly positive but against a bleak headwind of long-standing downside movements.<\/p>\n

Best NEAR Alternative: Discover Unparalleled Short-Term Gains With Evil Pepe<\/strong><\/h2>\n

Evil Pepe Coin ($EVILPEPE) stands out not as a mere imitator but an innovator with exponential growth potential.<\/p>\n

The audacious cousin of 2023\u2019s best-performing meme coin, Pepe Coin, $EVILPEPE is set to ride the wave of its predecessor’s success with a twist of its own.<\/p>\n

<\/oembed><\/figure>\n

The initial valuation of this promising token is at a measly $2 million, presenting a ground-floor opportunity for potential investors.<\/p>\n

With proven teams behind it that brought us Thug Life Token ($THUG) and SpongeBob ($SPONGE), $EVILPEPE is expected to replicate or even surpass the success of these meme coins which saw gains of up to 100x.<\/p>\n

But $EVILPEPE’s prospects do not rest solely on its team’s pedigree – its marketing approach, leveraging influencer partnerships and strategic promotion across social media and crypto news outlets, ensures wide visibility, an essential ingredient for growth in this space.<\/p>\n

The success of $THUG and $SPONGE attest to the efficacy of this strategy.<\/p>\n

EVIL PEPE: Tokenomics Designed To Ignite a Skyrocket<\/strong><\/h2>\n

Moreover, $EVILPEPE’s accelerated community growth reflects in its initial token offering – which currently stands at $1.3m raised.<\/p>\n

With 90% of its supply up for grabs during the presale and a one-month lock on 10% for DEX liquidity, the coin reassures investors about stability and fairness.<\/p>\n

It sidesteps pump-and-dump pitfalls and instils confidence in its serious commitment to long-term value generation.<\/p>\n

The $EVILPEPE team has an ambitious market cap goal of $100 million, a near 50x from its initial valuation.<\/p>\n

This, coupled with the team’s dedication to pushing boundaries in the meme coin space, underlines the immense growth potential of this new entrant.<\/p>\n

Buy EVILPEPE Here<\/strong><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The hopes of NEAR holders are on the rocks as failed recovery rally seems destined for downside slide, this comes amid a last-ditch attempt to push-up out of consolidation – but is it doomed to fail? After more than two-years of heartfelt holding and despair, which has seen NEAR bleed-out more than -92% since the […]<\/p>\n","protected":false},"author":1,"featured_media":41577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-41576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nNEAR Protocol is Going to Zero as NEAR Price Plummets 10% Overnight While This New Meme Coin Just Raised $1.1 Million \u2013 100x Potential? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The hopes of NEAR holders are on the rocks as failed recovery rally seems destined for downside slide, this comes amid a last-ditch attempt to push-up out\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=41576\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NEAR Protocol is Going to Zero as NEAR Price Plummets 10% Overnight While This New Meme Coin Just Raised $1.1 Million \u2013 100x Potential? 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