ATH Down 3%, This New Meme Coin Is Rushing Towards $1 Million

The price of Ethereum has fallen 3% over the past 24 hours, trading at $0.06644 as of 3:35 AM ET, with volume down 32% to $69.7 million.

The project’s price skyrocketed 24 hours ago when Aethir announced that the team would be representing the gaming industry leaders at a European event taking place from August 21st to 25th. They encouraged community members to guess which event the team would be attending, hinting that it would be “the biggest gaming event of the year.”

Gamers and Game Builders 🎮

From August 21st to 25th, the Aethir team will be representing the gaming industry as a leader at an event somewhere in Europe. Can you guess the event and location?

Hint: It’s the biggest gaming event of the year 👀

— Aethir (@AethirCloud) August 15, 2024

Of course, it didn’t take long for the community to conclude that the event in question was Gamescom, a trade fair held in Cologne, Germany, from August 21 to 25. At the same time, the price of the project skyrocketed from $0.06638 to $0.07094, before correcting over the past 12 hours.

Ethyr Price Prediction

Aethir price is partly due to the project announcement and partly due to the recent bullish trend that allowed many crypto prices to recover yesterday. However, since then, the cryptocurrency has undergone a sharp correction before making another slight increase.

However, Aethir’s technical indicators suggest that the token’s struggles are not over yet. The Bollinger Bands have recently started to narrow, which is a bearish signal, especially since the price continues to push lower through the lower band.

Meanwhile, the Relative Strength Index (RSI) value of this project has been fluctuating around the neutral zone for several hours, and although it has not fallen or risen sharply enough to reach the overbought or oversold zones, it clearly indicates that both the bears and the bulls are trying to take control.

The price action over the past 12 hours is a direct result of this conflict, and it is currently unclear which side will take the lead. On the one hand, the ATH price seems to have found strong support at $0.065, but at the same time, it is restrained by the resistance at $0.067. Many in the industry would prefer to break through and go up again, but if the bears win, the support will be broken and the price may start to plunge.

It is very risky to be optimistic during a bear market, so while professionals can use the current situation to their advantage, inexperienced traders face the risk of huge losses if they enter the market now. Fortunately, there are alternative projects they can explore.

A promising alternative to Aethir

While the ATH price could potentially break support and show further declines based on technical indicators, that doesn’t mean there aren’t other alternatives for investors to consider. One potential project to invest in right now is the latest hit in the cryptocurrency industry known as Crypto All-Stars (STARS).

This is a new project that aims to revolutionize meme coin staking through a new type of staking protocol called MemeVault. While most cryptocurrency projects that allow staking only allow users to stake their own native tokens, MemeVault is designed to allow staking of all major meme coins.

You can stake multiple coins in the same place, including Dogecoin, Pepe, Brett, Floki, Turbo, etc., and the goal is to unite the Crypto All-Stars and meme coin sectors. The project’s ICO gained huge popularity as soon as word spread and is now quickly approaching $500,000, currently sitting at $451.6K.

STARS tokens are being sold at $0.0013855 per token, but anyone interested in buying should act soon. The price will go through a scheduled increase in just 24 hours. To buy meme coins, you can purchase them with ETH, USDT, BNB, or credit/debit cards.

Getting involved in the project early seems to be strongly recommended by crypto experts, including Jacob Crypto Bury, a major crypto YouTuber with over 42,000 subscribers, who recently speculated in his video about the project that Crypto All-Stars could have at least a 10x potential.

Purchase STARS from the official website.

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