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Nest Protocol

. Nest Protocol token (NEST/USD) traded up 50% on Tuesday before cooling slightly. The token saw increased trading volume, with a 24-hour change of positive 326%. We are continuing to investigate this exciting token and its protocol. Nest Protocol is a web3 infrastructure platform. It allows for the creation and programming stochastic assets. The platform…

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Nest Protocol token (NEST/USD) traded up 50% on Tuesday before cooling slightly. The token saw increased trading volume, with a 24-hour change of positive 326%. We are continuing to investigate this exciting token and its protocol.

Nest Protocol is a web3 infrastructure platform. It allows for the creation and programming stochastic assets. The platform is built on Ethereum. The protocol is run by NEST, an Ethereum token. It serves to meet the liquidity requirements of the platform. It also acts as a reward mechanism to users who submit accurate price quotes via the protocol.

Nest Protocol token is ranked #190 on CoinMarketCap with a total valuation of $76. 64 million. The token’s circulating supply is 2. 91 billion tokens, while its max supply is capped at 10 billion.

There were no clear fundamentals that drove the NEST price. Social trading platforms saw increased interest in the token. Will the bubble burst or not?

NEST token price analysis amid increased retail interest

NEST Chart by TradingView

A technical outlook of NEST shows that the token is overbought, with the RSI at 77. Resistance was reached at $0. 038, resulting in the formation of tailed bars.

Looking at the general trend, the price momentum of NEST is bearish. There have been occasional bullish pop-ups in cryptocurrency that are not sustainable. A sharp correction could result.

Should you buy NEST?

Buying NEST may be speculative because the fundamentals of the price are not clear. A potential bubble burst could occur after the intra-day gains as cryptocurrencies remain in a bear market.

For a sustainable bullish momentum, NEST must clear the resistance at $0.038. Clear fundamentals will be needed to support a higher price in a bearish crypto sentiment. On the downside, the level to watch is $0.016.

Where to buy NEST

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone provides a user-friendly interface, secure user flow, and clear data to help users find the best exchange rates in the entire cryptocurrency market.


Swapzone – Buy NEST today

Huobi

Start Your Cryptocurrency Journey Today. Huobi Global offers a wide range of features that make it a great place to sell and buy digital assets.


Get NEST with Huobi today


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