NEAR Protocol's Price Projections Intensify: As Bitwise Pursues Spot NEAR ETF, Traders Are Hurriedly Investing in This AI-Powered ICO, With Time Counting Down
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The NEAR Protocol's price leaped 1% overnight, trading at $2.32 as of 4:30 a.m. EST, with a massive 60% surge in daily trading volume, reaching $171.47 million.
The project's spotlight shines bright after the digital asset manager, Bitwise, submitted an application on May 6 for a NEAR ETF, adding yet another altcoin to the list vying for regulatory approval.
Bitwise plans to launch a NEAR ETF that mirrors the NEAR token's price fluctuations, minus expenses, using conventional brokerage. Coinbase Custody Trust Company is proposed as the custodian for the ETF.
The U.S. Securaries and Exchange Commission (SEC) has seen a series of delays in decisions regarding other crypto ETFs, including XRP, DOGE, and LTC.
Predicting NEAR Protocol's Future
The NEAR token's price began to spike after Bitwise's ETF filing, following a five-day decline. On May 1, its value peaked at $2.6, but was rejected shortly after. The token then plunged to a support at $2.30, but recovered and reached $2.38 earlier today, failing to surpass $2.40. Despite widened Bollinger bands, suggesting potential for further growth, it remains to be seen whether this momentum will continue.
As for the project's Relative Strength Index (RSI), its value has fluctuated between 50 and 35 for the first half of the day yesterday, growing slightly as the day progressed and bouncing between 40 and 55. By early Wednesday, the RSI surged into the overbought zone, reaching 72.82 before a selloff took it down to 40. Traders subsequently jumped in to profiteer from the dip, pushing the RSI back up to 63.62, and it has since maintained a steady position between 55 and 65, with room left for additional growth.
Pepe: The Last Hype Train to Buy?
Despite mild interest in the NEAR ETF application, investors are energetically investing in MIND of Pepe (MIND), a presale project merging an AI agent with a meme coin. MIND's presale is nearing closure with approximately $9 million in funding amassed.
Beneath its PEPE-themed exterior lies a self-sovereign real-time intelligence capable of performing group analysis. It features an autonomous X account that tracks conversations on crypto Twitter to uncover trends before humans can notice them. The insights found will be unveiled exclusively for token holders, providing them with an edge in the market.
👁️ $MIND is almost here 👁️
In just under 30 days, the presale phase of Mind of Pepe will conclude. Are you ready to join the 👁️https://t.co/YQZ9DDOeVbrip?👁️
- MIND of Pepe (@MINDofPepe) May 1, 2025
Crypto YouTuber ClayBro (with over 136k subscribers) anticipates that MIND has 20x potential after its launch. The MIND token, currently priced at $0.0037515, is available on the project's presale website, where a timer indicates it will close soon.
Your last chance to invest in MIND tokens.
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Download NowJoin Our Telegram channel to catch the latest breaking news coverage
- Cryptocurrency investors who are interested in following the latest developments about the NEAR Protocol might find our Telegram channel helpful, considering Bitwise's recent application for a NEAR ETF, which could potentially impact the NEAR token's price fluctuations in the coming days.
- Given the potential for further growth indicated by the widened Bollinger bands for the NEAR token, securities and exchange commission (SEC) decision regarding other crypto ETFs, such as XRP, DOGE, and LTC, may influence the price trajectory of the NEAR Protocol.
- While the focus is currently on the NEAR ETF, investors should also consider a different presale project that has gained momentum recently: MIND of Pepe, an AI agent integrated meme coin. Pepe's presale is nearing completion, having amassed approximately $9 million in funding so far, with MIND tokens available for purchase on the project's presale website.
- For those who missed it, ClayBro, a popular Crypto YouTuber with over 136k subscribers, anticipates that MIND could see at least a 20x increase in value after its launch, providing a potential opportunity for investors to profiteer.
