TLDR
- NEAR Protocol (NEAR) faces resistance and possible price reversal.
- The bullish momentum of Render (RNDR) is waning.
- Milei Moneda’s ($MEDA) presale success indicates potential significant growth.
NEAR Protocol (NEAR) and Render (RNDR) represent the convergence of AI and blockchain, offering groundbreaking solutions in decentralized application development and cloud computing. However, despite their innovative offerings, both tokens have recently encountered hurdles in maintaining momentum and market traction, while a newcomer, Milei Moneda ($MEDA), has soared to new heights with its presale. Find out why Milei Moneda ($MEDA) is soaring – the best crypto investment unveiled!
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NEAR Protocol (NEAR) Rejects Higher Prices
Following a robust monthly performance that witnessed NEAR Protocol (NEAR) surging by 133%, its highest monthly gain since 2022, the altcoin has recently faced turbulence, experiencing a 12.5% price drop over the past week.
Crypto analysts have identified strong resistance levels that NEAR Protocol (NEAR) struggled to surpass in March, April, and May of 2021. Presently, NEAR Protocol (NEAR) is at that level and has attempted but failed to break above it.
A significant decrease in NEAR Protocol’s (NEAR) trading volume over the past week suggests potential downward movement in the coming days. However, market experts anticipate a 10% decline in NEAR’s price to reach the nearest support level, following which they foresee a potential price reversal to the upside.
Render (RNDR) Appeals More to Sellers
Render (RNDR), like many other top altcoins, has experienced robust bullish momentum this year, with a notable 71.71% surge above its previous ATH this month.
These price movements can be attributed to various factors in Render Network, including its recent migration from the Ethereum blockchain to the Solana blockchain, the adoption of a new tokenomics model proposal, the exponential growth in demand for graphic rendering solutions, and Render’s (RNDR) indirect integration with Apple.
However, the impact of these activities appears to be diminishing as Render (RNDR) has struggled to sustain further price increases recently, instead consolidating approximately 10% below its most recent peak. Render (RNDR) has equally seen a significant decrease in trading volume, accompanied by a 14% decline in its crypto market cap. These indicators suggest a waning interest in bulls and potential downward pressure on RNDR’s price.
Milei Moneda’s Presale Breaks Records
Milei Moneda ($MEDA) appears unfazed by recent downturns in some cryptocurrencies as its presale continues to experience unprecedented success, attracting more investors than speculated to the groundbreaking project by the hour.
Inspired by Javier Milei, dubbed the most intriguing president in the world, Milei Moneda ($MEDA) emerged as a prominent meme coin. It affirms his staunch endorsement of digital currencies by combining humor, politics, and cryptocurrencies to give investors the best of all three worlds.
Currently, one of the top DeFi projects with a total supply of 500,000,000 $MEDA tokens, Milei Moneda follows a transparent distribution model, ensuring liquidity provisions and establishing enticing reward systems.
In Stage 1 and priced at $0.010 per token, Milei Moneda offers investors a ground-level entry point strategically positioned for a 100% increase by mid-year. This projection is bolstered by the project’s upcoming launch on Uniswap, set to propel its price to $0.020.
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