A website called Benzinga wrote an article about a thing called NEAR Protocol, which is like digital money. The price of this digital money went down a little bit in the last day and more in the past week. The article also says that not many people are buying or selling it lately, and there are more than 1 billion pieces of this digital money out there. Read from source...
- The title is misleading and sensationalized. It does not provide any context or explanation for the 3% drop in NEAR Protocol's price within 24 hours. It implies that something negative or alarming has happened to the protocol, but it does not specify what or why. A better title would be "NEAR Protocol Drops 3% in 24 Hours: Causes and Implications"
- The article lacks any analysis or evaluation of the factors that might have caused the price drop, such as market trends, technical indicators, fundamental aspects, news, etc. It simply reports the numbers without providing any insight or perspective for the reader. A more informative article would include some possible causes and effects of the price movement, such as "The drop follows a recent announcement by NEAR Foundation that it has raised $150 million in a funding round led by Three Arrows Capital. This could indicate investor confidence or concern depending on how one interprets the data."
- The article uses vague and ambiguous terms to describe the volatility of NEAR Protocol's price, such as "negative trend" and "larger the volatility". It does not define what these terms mean or how they are measured. It also uses Bollinger Bands, which are a common technical indicator, but it does not explain how they work or what they represent. A clearer article would use precise language and definitions, such as "The price of NEAR Protocol has fallen 3.17% in the past 24 hours, reaching $X.XX at the time of writing. This is lower than its opening price of $X.XX and its closing price of $Y.YY yesterday. The daily volatility is measured by the difference between the highest and lowest prices during the period, which is $Z.ZZ. The weekly volatility is measured by the average of the daily volatilities over the past seven days, which is $W.WS. Bollinger Bands are a technical indicator that plots two lines around the moving average price, based on a standard deviation factor. The upper band represents resistance, while the lower band represents support. When the price moves outside the bands, it indicates an increase or decrease in volatility and potential reversal signals."
- The article includes irrelevant and unrelated information about Benzinga's products and services, such as "Limited Time Deal Gets You Pro at Half-Price" and "Get The Market's Most Powerful Trading Tools — 50% Off Pro Memorial Day Sale". These are advertisements that do not add any value or relevance to the article. They distract the reader from the main topic and might imply a conflict of interest or bias on behalf of the author or the platform. A
Here are my comprehensive investment recommendations for NEAR Protocol based on the article titled "NEAR Protocol Down More Than 3% Within 24 hours". I will also provide a summary of the main risks involved in this investment.