ATH Drops 3% As This New Meme Coin Charges Towards $1 Million

On Aug 16, 2024

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The Aethir price dropped 3% in the last 24 hours to trade at $0.06644 as of 3:35 a.m. EST on trading volume that went down 32% to $69.7 million.

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

Gamers and game builders 🎮
From August 21-25, the Aethir team will be representing as a leader in the gaming industry at an event somewhere in Europe…. Can you guess the event and location?
Hint: It is the biggest gaming event of the year 👀
— Aethir (@AethirCloud) August 15, 2024

Of course, it did not take long for the community to conclude that the event in question is Gamescom, which is taking place in Cologne, Germany, between Aug. 21 and 25 at Cologne Fair. At the same time, the project’s price surged from $0.06638 to $0.07094, before correcting over the last 12 hours.

Aethir Price Prediction

The Aethir price saw a strong surge, partially due to the project’s announcement, and partially due to the recent bullish wave that allowed many crypto prices to recover yesterday. Since then, however, the crypto has undergone a sharp correction, before another slight increase.

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

Meanwhile, the project’s Relative Strength Index (RSI) value has been fluctuating around the neutral area for hours, not quite sinking or rising strongly enough to reach the overbought or oversold zone, but it clearly indicates that the bears and the bulls are both trying to take over control.

The price fluctuations in the twelve hours are a direct consequence of this conflict, and for now, it is unclear which side will take control. On one hand, the ATH price seemingly found a strong support at $0.065, but at the same time, it is held back by a resistance at $0.067. While many in the industry would prefer it to break out and head back up, a win by the bears could cause the support to break and the price to start spiraling down.

Being optimistic during a bear market is quite risky, so while experts may be able to use the current situation to their advantage, less experienced traders are facing a great risk of loss by entering the market right now. Fortunately, there are alternative projects for them to explore.

Promising Alternatives To Aethir

While the ATH price could potentially break its support and see further drops based on technical indicators, that doesn’t 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 hit 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 let users 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 others, all from the same place, and with the goal of uniting the meme coin sector with Crypto All-Stars. The project’s ICO became extremely popular as soon as the word spread out and is now rapidly approaching half a million dollars, currently at $451.6K.

Its STARS token sells for $0.0013855 per token, but anyone interested in buying should act soon, as this price will go through a scheduled increase in only 24 hours. If you want to buy the meme coin, you can do so with either ETH, USDT, BNB, or credit/debit card.

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