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The cryptocurrency market entered the 2024 quarter 2 with a surge in volatility following the Bitcoin price pullback below $70000. This reversal triggered a fresh wave of correction in the majority of major cryptocurrencies including Near Protocol (NEAR).
Near Protocol, a blockchain platform designed to enable the creation and execution of decentralized applications (dApps), has witnessed a remarkable surge in its price in recent weeks. Breaking through key resistance levels and establishing strong support zones, NEAR has demonstrated resilience and bullish momentum in the face of market volatility.
A veteran crypto trader thinks one Ethereum (ETH) rival is about to “turbo send.” The pseudonymous digital asset analyst known as Bluntz shares a chart with his 253,100 followers on the social media platform X that indicates the smart contract platform NEAR Protocol (NEAR) could jump past the $10.50 range. NEAR is trading at $6.
The Near Protocol (NEAR) price analysis presents a complex picture, indicating varied market sentiments.
The Near Protocol is at a fundamental point in time that could change its price significantly. A close look at NEAR's price chart shows it is ready for a big test.
With a 7% fall in the total crypto market capitalization within two days, the industry stands at $2.43 Trillion. The sharp fall marks a bearish beginning to this week and warns of a downfall in the altcoins.
It's game time for the Raffle Coin (RAFF) Stage 1 presale, as traders well-versed with NEAR Protocol (NEAR) and Uniswap (UNI) compete to stake their potential gains.
Near Protocol's Illia Polosukhin says the Web3 space will see a transition from centralized exchanges to the decentralized and non-custodial.
The NEAR price is showing promising signs of recovery, with transaction numbers climbing again from a recent dip on March 20. This uptick in activity is complemented by an RSI value of 73, hinting at a strong potential for further increases in price.
A widely followed analyst and trader is offering his prediction on three crypto assets amid a slight bump in the markets. Starting with the layer-one blockchain Near Protocol (NEAR), the analyst pseudonymously known as Bluntz tells his 251,200 subscribers on the social media platform X that the Ethereum (ETH) rival could rise above $9.
Recently, the Near Foundation, the driving force behind Near Protocol, unveiled the integration of Chain Signatures into its protocol. This development revolutionizes how users interact with multiple blockchains using their Near accounts.
A top trader who accurately called Bitcoin's (BTC) floor price during the 2018 bear market says one Ethereum (ETH) challenger looks extremely bullish.
Near Protocol (NEAR) has attracted the crypto community's attention with the launch of Chain Signatures. The new multi-party computation platform will allow users to access different chains using their Near accounts. Near Protocol enhances interoperability Near's Chain Signatures will improve efficiency and security across multiple chains, bolstering interoperability.
The nonprofit organization behind the layer-1 protocol, Near Foundation has revealed a significant advancement in the introduction of Chain Signatures. The new feature will allow users on the platform to access multiple chains using their account, enhancing interoperability across multiple chains in the blockchain ecosystem.
TL;DR The NEAR Foundation has announced its support for chain signatures, a feature that allows users to conduct transactions across multiple blockchains directly from their NEAR accounts. This development is a result of a partnership with Eigenlayer, a restaking project built on Ethereum.
The feature incorporates a “Multichain Gas Relayer,” eliminating the necessity for the native gas token of another chain for transactions.
NEAR says Chain Signatures is expected to free up billions of dollars worth in liquidity locked in non-smart contract blockchain networks.
Chain signatures allow users to transact on any network from one account.
Swiss non-profit organization NEAR Foundation has launched “Chain Signatures,” enabling users to sign transactions on supported blockchains from a single NEAR account.
The AI sector's growth potential, emphasized at the Nvidia GTC Conference, signals the need to select the best AI cryptos to buy.
The overall mid-term sentiment remains bullish for the cryptocurrency market, despite the short-term bearish pivot, following a market retracement. In this context, a buy signal might surge for cryptocurrencies with strong fundamentals and technical indicators.
With a recent strong correction in NEAR price, its transactions have decreased since peaking on March 3, with its Relative Strength Index (RSI) also declining but remaining above the overbought threshold. The price chart indicates an approaching death cross, a bearish signal suggesting a potential downtrend.
Near Protocol price staged a strong comeback on Sunday, becoming one of the best-performing cryptocurrencies of the day. The token surged to a high of $8.5 as it neared the year-to-date high of $9. It has soared by over 285% from its lowest point this year.
Near saw the most development activity in the last month among top AI and big data-based crypto projects.
