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NEAR Protocol (NEAR) continues to demonstrate quiet resilience in a mixed crypto market, posting a modest but meaningful gain of 1.35% in the past 24 hours. Currently trading at $2.20, the token has shown relative strength, rising 6.36% over the last seven days. Trading volumes have also surged, with $184.97 million recorded in daily activity, […]
NEAR price was consolidating inside a bullish triangle while trading above key support areas. The technical setup favored the upside as buyers fixed their eyes [...]
While the bear market continues, NEAR Protocol, a Layer 1 blockchain has gained over 80% since June 2021. It is currently trading with a bullish [...]
Near Protocol (NEAR) is trading below key levels as bearish sentiments continue to linger in the crypto market. The technical setup and oscillating indicators show [...]
NEAR Protocol is looking bullish as it darts past the $4.7 support zone. NEAR’s bullish momentum appears to wane Price exhibits low trading volume NEAR price trading at $4.51 However, judging by the price movement, it looks like the bull’s luck may be running out. On the other hand, NEAR’s trading volume appears to be diminished or low even if the altcoin has amassed roughly 35% gains in that same period. So, does this mean a faltering demand for NEAR? From a long-term perspective, NEAR’s resistance and support levels could be anywhere near the $3.7, $4.5, and $6.8 levels; respectively. Originally, the $6.8 zone acted as a support zone in May however the selling pressure has been too overwhelming to control. This level was again retested late in May, but with no luck. Related Reading: Uniswap (UNI) Price Struggles To Overcome $6.8 Resistance $6 Level Posing Hurdles To NEAR Price In the coming weeks, it’s more likely that the $6 level would hoist some hurdle to the price. More so, the $4.7 area is another critical support level as this zone has been pivotal on the daily chart since June and July. While breaching this zone was phenomenal for NEAR protocol, August was rather unkind with a reversal and a seismic price crash. NEAR’s RSI has been pushed above the neutral 50 zones following a rejection experienced last month. Despite the bullish movement, buying pressure has weakened. More so, the OBV also remained sluggish with unfortunately no new highs formed. Now, if the OBV can successfully breach and surpass its high registered in August, then this would validate the strong demand for NEAR Protocol. Additionally, the Chaikin Money Flow or CMF has also barreled past +0.05 revealing NEAR’s huge capital flow. More Buying Activity Needed Overall, technical indicators show some bullish movements and intense buying activity but may not be enough to validate a move that overshadows the $6.8 zone. According to CoinMarketCap, the NEAR price has slumped by 9.05% or trading at $4.51 as of this writing. The current stats have been optimistic and are quite the opposite of NEAR’s remarkable performance over the past few days where the altcoin has registered an uptick of 9.5%. Trading volume is seen to have increased by as much as 36% compared to its slow movement last week. Related Reading: Terra Dries Up As LUNA Sheds 40% From Recent High NEAR total market cap at $3.36 billion on the daily chart | Source: TradingView.com Featured image from The Market Periodical, Chart: TradingView.com
Bullish NEAR price prediction is $6.572 to $11.937. The NEAR price will also reach $15 soon. NEAR bearish market price
NEAR Protocol (NEAR) recovers after a huge dip. NEAR’s price currently stands at $11.90, or 0.0003088 BTC, after a 1.11% ...
Near Protocol has been getting a lot of love from investors over the last week. Covered: Near Protocol Investment News NEAR Price Action Update Near Protocol (NEAR) is a layer-1 (L1) blockchain platform that’s been front-running the competition throughout the past month. The latest news coming from the smart contract platform proves that retail isn’t […]
The post NEAR Protocol Receives $150 Million In Investment Funds appeared first on CryptosRus.
A recent report from research firm Messari provided an overview of the NEAR (NEAR) protocol’s performance during the turbulent third quarter (Q3) of 2024, when the broader cryptocurrency market experienced significant volatility. NEAR Protocol Q3 Performance Throughout Q2 2024, the crypto market saw a downturn that continued into Q3 for NEAR. The protocol’s circulating market cap fell to approximately $5.16 billion, reflecting a significant quarter-over-quarter (QoQ) decrease of about 27.52%. NEARs token price also retraced slightly, closing the quarter at around $5.29, a marginal decline of 0.21% QoQ. Despite these challenges, NEAR managed to maintain its position as the 17th largest crypto by market cap, indicating relative stability among leading digital assets. However, over the past three weeks, it has gained 54% in terms of market capitalization, rising to $7.99 billion amid the broader market rally led by Bitcoin (BTC) and the catalyst that was Donald Trump’s election. Related Reading: Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000 One of the notable aspects of NEARs Q3 performance was its revenue, which measures network transaction fees while excluding storage staking. Revenue dropped to approximately $1.64 million, marking a 30.13% decline QoQ. This dip is particularly significant as it represents the first quarter in the past year where revenue ended lower than it began. The report attributes this to a decline in transaction volume, which resulted in reduced transaction feesdown by approximately 10.48% QoQ and 34.23% year-over-year. As of the end of Q3 2024, about 93.46% of NEARs total token supply was in circulation, with 52.36% of that supply staked. The annualized nominal yield from staking stood at approximately 8.60%, while the annualized real yield was 4.09%. Despite the challenges in transaction volume, NEAR experienced an uptick in address activity. The average daily active returning addresses increased by 7.27% QoQ, and the average daily new addresses rose by 11.06%. TVL Rises, Liquid Staking Sees Increase The report also highlighted a concerning trend in developer engagement. NEAR saw a significant drop in its weekly active core developers, decreasing by 41.28% from 177 to 104. Similarly, the number of weekly active ecosystem developers fell by 19.70%, from 286 to 230. In terms of decentralized finance (DeFi), NEARs Total Value Locked (TVL) recorded a modest increase, ending Q3 at approximately $251.44 million, which is a 7.63% rise from the previous quarter. Related Reading: Storm Ahead? Bitcoin Price Could Tumble 20% Due To M2 Supply Concerns Notably, NEARs liquid staking TVL also grew by 9.85% QoQ, reaching around $279.66 million. The LiNEAR Protocol accounted for a TVL of approximately $145.14 million, while the Meta Pool saw a 12.70% increase, totaling around $126.61 million. At the time of writing, the NEAR token is trading at $6.745 and has seen substantial gains of 27% and 46% in the fourteen and thirty day time frames respectively, while on a year-to-date basis it has seen a massive 266% surge. Featured image from DALL-E, chart from TradingView.com
NEAR Protocol has received massive attention on social media platforms and the expected price of the token in 2025 is still being debated. In a recent YouTube video, Cheeky Crypto laid out a detailed analysis of how high NEAR could go in the next couple of years. Applying Fibonacci retracement and Elliott Wave theory, the […]
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