NEAR Protocol: The AI Rally and Price Prediction

Forecasting the Value of NEAR With Growing Buzz about AI at Nvidia AI Conference 2024, Near Protocol Rises Sharply, but What Comes Next?

NEAR coin surges 77%, attention shifts to eco-friendly Bitcoin project for next big gains.

Last updated: March 13, 2024 14:09 EDT | 3 min read

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As the AI narrative hits fever pitch ahead of the Nvidia AI conference 2024 (GTC 2024), promising layer-1 Near Protocol is undergoing a major rally.

This article will provide an analysis of NEAR’s current price trends and look to see whether a newer eco-friendly Bitcoin beta play, GBTC, represents a more promising investment opportunity at this time.

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🔗 Twitter post about NEAR sentiment

NEAR sentiment remains astutely bullish in the crypto community, with trader’s predictions of a potential $8 target coming to fruition earlier this afternoon.

NEAR Price Prediction: As NEAR Protocol Hammers New Local High – Could Double-Digits Be Next?

Now in minor localized retracement, NEAR Protocol is currently trading at a market price of $7.85 (representing a 24-hour change of -2.8%).

This comes as the price launched +70% out of consolidation at lower support above $5.15 on March 12, in a 48-hour pump that bled over into this morning’s climb.

Minor retracement has since set in as price action reels from the new local high at $8.54, with recently broken resistance at the $8 mark failing to flip to support.

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NEAR price now risks further retracement down to lower support at $6.5 if the price is unable to gain a foothold above $7.32.

Worse still, growing divergence above the 20 DMA (which remains down at $5) creates further risk of a retracement, with vital support from this key moving average untested now for over a week.

Retracement sentiment is also mirrored in NEAR’s key indicators, with the RSI remaining severely over-heated for 8-days now – in line with the breakaway from the 20 DMA.

The MACD on the other hand conflicts this view at 0.323; reflecting the huge momentum behind NEAR price action amidst AI narrative hype.

Overall, NEAR price prediction suggests that this could be the tail-end of this week’s rally, with retracement likely on the short-time frame.

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To the upside, NEAR price is targeting support above $8 (a potential +3.69%).

While downside risk could see NEAR price tumble down to lower support at $7.32 (a possible -6.3%).

Consequently, NEAR price prediction reveals a short-time frame risk: reward ratio of 0.59 – suggesting retracement risk dominates a potential entry at present.

But while Near Protocol might seem unappetizing to investors, an emerging eco-friendly alternative to Bitcoin is gaining traction.

Join The Eco Revolution: Don’t Miss Your Chance To Become a Web3 Change Maker With GBTC

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Green Bitcoin ($GBTC) emerges as a beacon of opportunity pre-halving, capturing the imagination of investors keen on riding the wave of Bitcoin’s success while eyeing the colossal growth potential that $GBTC offers.

Unlike its predecessor, Green Bitcoin isn’t just another digital currency asset; it’s an eco-conscious revolution poised to redefine the crypto space, especially as we edge closer to the Bitcoin halving event.

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While Bitcoin continues its impressive march, crossing the $62,000 mark, Green Bitcoin introduces a fresh narrative of exponential growth, with predictions of a 100x surge.

In comparison to Bitcoin’s future prospects, Green Bitcoin stands out with its unique proposition and a smaller market cap that hints at explosive growth potential, particularly in the context of its gamified prediction market that rewards insightful Bitcoin price forecasts.

🔗 Twitter post about Green Bitcoin

Indeed, at its core, Green Bitcoin is more than just a token; it’s a testament to sustainable crypto practices. Leveraging Ethereum 2.0’s proof-of-stake architecture, Green Bitcoin slashes carbon emissions 10,000x, offering a sustainable alternative in the crypto universe.

This eco-friendly approach is coupled with a dynamic staking model, where participants can engage in daily Bitcoin price prediction games, earning rewards and bonuses as part of an engaging predict 2 earn mechanism.

Looking ahead, Green Bitcoin’s roadmap is laden with milestones that promise to elevate the project’s visibility and user engagement.

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From ramping up marketing initiatives to rolling out the much-anticipated predict-2-earn feature and planning for listings on top exchanges, Green Bitcoin is charting a course toward a future where eco-conscious crypto investments thrive.

Help Create The Green Bitcoin Ecosystem and Start the Green Bitcoin Movement

As Green Bitcoin gears up for its next presale phase, the opportunity to partake in this eco-revolution and potentially outpace Bitcoin’s returns is here.

Stay connected with the Green Bitcoin community on Twitter and Telegram for the latest updates and insights.

Secure your $GBTC tokens now and be part of this transformative journey in the blockchain world.

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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.

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Q&A: Exploring Further Topics

Q: What is the AI narrative and how does it impact NEAR Protocol?

The AI narrative refers to the current excitement and buzz surrounding artificial intelligence in the tech industry. As NEAR Protocol positions itself as a promising layer-1 solution, the AI narrative has contributed to the rally and bullish sentiment around NEAR. Investors and traders see potential in NEAR’s technology and its ability to support AI applications.

Q: How does NEAR compare to Bitcoin in terms of eco-friendliness?

While NEAR Protocol is a layer-1 solution with its own unique value proposition, it is important to note that it does not directly compete with Bitcoin in terms of eco-friendliness. However, the article mentions an alternative eco-friendly Bitcoin beta play called GBTC, which leverages Ethereum 2.0’s proof-of-stake architecture to significantly reduce carbon emissions compared to traditional Bitcoin mining.

Q: What are the risks and potential rewards associated with investing in NEAR Protocol and Green Bitcoin?

Investing in NEAR Protocol and Green Bitcoin comes with its own set of risks. NEAR’s price is currently in a retracement phase, which suggests short-term downward pressure. On the other hand, Green Bitcoin presents the opportunity for exponential growth, but it is important to carefully evaluate its unique proposition and market potential. As with any investment, it is crucial to conduct thorough research and assess the risk-reward ratio before making any decisions.

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Future Outlook and Conclusion

The NEAR Protocol’s rally driven by the AI narrative has attracted significant attention from investors. However, a wave of retracement seems imminent in the short term, highlighting the need for caution. Meanwhile, Green Bitcoin (GBTC) offers an alternative for those interested in an eco-conscious revolution in the crypto space, with its unique proposition and potential for exponential growth. As the crypto industry evolves, it is essential to stay informed about emerging trends and ongoing developments.

If you’re interested in the latest updates and insights on NEAR Protocol and Green Bitcoin, make sure to follow their respective communities on social media platforms. Participating in discussions and keeping up with the roadmap of these projects can help you make informed decisions and potentially become part of transformative journeys in the blockchain world.

🔗 Relevant References: 1. NEAR Protocol Official Website 2. Green Bitcoin Official Website 3. Ethereum 2.0: The Next-Gen Blockchain 4. Nvidia AI Conference 2024 5. Bitcoin Halving Event

Now, it’s time to join the AI rally and discover the potential of NEAR Protocol and Green Bitcoin. Share this article with your friends and fellow crypto enthusiasts to spread the knowledge and excitement!

▶ Have you invested in NEAR Protocol or Green Bitcoin? Let us know in the comments below!

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