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Is It Too Late to Buy Near Protocol? NEAR Price Blasts Up 5% and Viral Project Launchpad Uses AI to Find the Next 100x Crypto

Sam Cooling
Last updated: | 3 min read
Source / Sam Cooling x Pexels

Layer-1 blockchain project Near Protocol (NEAR) has jumped up +8% so far this week, amid an emerging bounce that could see NEAR reclaim position atop the 20DMA.

This comes following almost four-months of bleak downside price action for NEAR, which has bled-out half its value (-50%) since April 19. 

But while price has been sliding, NEAR protocol has been building, with the project continuing to push frontiers with Java-based smart contract programming.

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Recently, leading DeFi aggregator DeFiance ranked NEAR as the #4 most secured network.

And in testament to the continual push to build, despite the price decline in NEAR since 2022, the developer and contributor community has continued to hold strong.

DeFiLlama / Near Protocol

NEAR Price Analysis: Is it too late to buy Near Protocol?

Amid the mounting recovery, NEAR remains low in the narrowing trading channel, with NEAR trading at a market price of $1.18 (a 24-hour change of +0.68%).

TradingView / NEAR USDT

This comes after price fell-away from the descendant 20DMA on August 15, in a tumultuous -25% tumble.

Now pushing back up, the 20DMA forms a key target for NEAR at $1.30, however, it is notable that the 20DMA is situated immediately above a historic support level at $1.25.

Given the tough area of resistance around the 20DMA since July 24, it seems likely $1.25 will form a foothold for NEAR to test resistance in the event of an upside move.

Indeed, Near Protocol’s indicators support this view, with the RSI showing bullish divergence at 36.30 (a significant oversold signal).

While the MACD showcases only minor bearish divergence at -0.010.

TradingView / NEAR USDT

Overall, NEAR is facing a tight range on the short-time frame with an upside target at $1.31 (a possible +11.6% move), and downside risk limited to the recently established price level at $1.10 (a potential -6.22% move).

This leaves Near Protocol with a risk: reward ratio of 1.88 – a solid entry with upside potential, and certainly not an overly-late entry.

However, if you want to catch the next big pump before prices start moving then look no further than an exclusive trading analytics app which boasts AI-integrations that could supercharge your alpha.

Launchpad XYZ: Leverage Exclusive AI Insights to Boost Your Trading Alpha

Source / Launchpad XYZ

There is just 6 days left to buy Launchpad XYZ (LPX), an innovative ecosystem designed to lower the entry barrier to Web 3.0 with user-friendly tools, insights, and analytics.

Whether you’re a seasoned crypto user or just starting, this platform offers a range of features, such as NFT discovery, a decentralized exchange (DEX), a Web3 wallet, and utility token analysis.

At the heart of the Launchpad XYZ ecosystem lies the $LPX token – holders who stake a minimum of 10,000 tokens can reap numerous benefits, including substantial fee discounts, exclusive early access to NFT mint whitelists and presales, beta play-to-earn game launches, as well as cool community prestige badges.

The platform’s intention to list LPX on major cryptocurrency exchanges is expected to drive significant demand for the token.

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Following the introduction of its primary features in Q3 2023, Launchpad XYZ anticipates substantial user adoption.

With its maximum token supply of 1 billion, $LPX is set to launch on crypto exchanges later this year with a fully diluted market cap of $70 million. This makes it a platform to watch in the rapidly evolving crypto industry.

Given its comprehensive suite of features and ambitious vision, Launchpad XYZ is set to break barriers and redefine the crypto space.

As it facilitates an inclusive Web3 ecosystem, the $LPX token is proving itself a promising opportunity for investors. Whether you’re new to the crypto world or a seasoned investor, Launchpad XYZ is one platform you can’t afford to overlook in 2023.

Explore the latest Web3 presale projects, P2E Hub for gaming, the Metaverse Experience Library, and the Trading Terminal for an immersive experience.

Future developments include a marketplace for fractionalized assets, a Trading Edge Game, and creator tools for brands.

Don’t miss out on the opportunity to invest in Launchpad XYZ, a promising project with the potential for significant growth. 

For more information, visit Launchpad XYZ today, also stay tuned with the project Twitter and Telegram to receive all of the latest updates and team news.

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.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.