ATH drops 3% as new meme currency nears $1 million mark

Aethir price fell 3% over the past 24 hours to trade at $0.06644 as of 3:35 a.m. EST on trading volume down 32% to $69.7 million.

The project’s price initially jumped less than 24 hours ago, when Aethir announced on X that its team would be representing a gaming industry leader at an upcoming European event between August 21 and 25. It invited community members to try to guess which event the team would be attending, hinting that it would be the “biggest gaming event of the year.”

Players and game creators 🎮

From August 21st to 25th, Team Aethir will represent the video game industry 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 it was Gamescom, which takes place in Cologne, Germany from August 21 to 25 at the Cologne Fair. At the same time, the project’s price jumped from $0.06638 to $0.07094, before correcting over the last 12 hours.

Aethir Price Prediction

Aethir’s price has seen a sharp rise, partly due to the project’s announcement, and partly due to the recent bull run that saw many cryptocurrency prices rally yesterday. Since then, however, the crypto has undergone a sharp correction, before another slight rise.

However, Aethir’s technical indicators suggest that the token’s struggles are not over yet. Its Bollinger Bands have recently started to narrow more and more, which is a bearish sign, especially as its price continues to push the lower band lower.

Meanwhile, the project’s Relative Strength Index (RSI) value has been fluctuating around the neutral zone for hours, without falling or rising enough to reach the overbought or oversold zone, but this is a clear indication that both bears and bulls are trying to take control.

The price fluctuations over the past twelve hours are a direct consequence of this conflict, and it is unclear at this point which side will take control. On the one hand, the ATH price seems to have found strong support at $0.065, but at the same time, it is being held back by resistance at $0.067. While many in the industry would prefer it to break out and move higher again, a victory for the bears could cause the support to be broken and the price to start falling.

It is quite risky to remain optimistic during a bear market. So, while experts can take advantage of the current situation, less experienced traders are at great risk of loss by entering the market right now. Fortunately, there are alternative projects that they can explore.

Promising alternatives to Aethir

Although the ATH price could potentially break its support and see further declines based on technical indicators, this does not mean that there are no other alternatives for investors to consider. One potential project to invest in right now is the crypto industry’s recent blockbuster project 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 known as MemeVault. While most crypto projects that allow staking only allow users to stake their own native token, MemeVault was designed to allow you to stake any major meme coin.

You can stake Dogecoin, Pepe, Brett, Floki, Turbo and many more, all in one place, and with the aim of uniting the meme coin sector with Crypto All-Stars. The project’s ICO became extremely popular as soon as the news spread and is now quickly approaching half a million dollars, currently at $451.6k.

Its STARS token is selling for $0.0013855 per token, but anyone interested in purchasing should act quickly, as this price will see a scheduled increase in just 24 hours. If you want to buy the meme coin, you can do so with ETH, USDT, BNB, or a credit/debit card.

It seems that crypto experts are strongly recommending getting involved early in this project, including a major crypto YouTuber with over 42,000 subscribers, Jacob Crypto Bury. He recently speculated that Crypto All-Stars could have at least a 10x potential in his video about the project.

Buy STARS on its official website.

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