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In recent weeks, Near Protocol (NEAR) has taken the market by storm, experiencing an impressive 46% rally. While such price surges can leave investors wondering, a closer look at the underlying factors reveals the driving forces behind this substantial upswing.
On 1 November, NEAR's price went up by almost 11% after the foundation behind the protocol announced its partnership with Nym Technologies
Over recent weeks, the cryptocurrency market has witnessed a remarkable surge in the value of Near Protocol (NEAR), which reported a whopping 46% rally. While such price movements often leave investors perplexed, a deeper dive into the underlying factors reveals some compelling reasons behind this robust upswing.
In the dynamic world of cryptocurrencies, NEAR token has recently caught the attention of traders and investors alike. Over the past day, NEAR has seen a significant price increase of 8.44%, which has left many enthusiasts intrigued.
Coin98, a prominent multichain wallet and DeFi platform boasting over 7 million users across 170 countries, has unveiled a groundbreaking decentralized DApp store powered by the NEAR Blockchain Operating System (BOS). This innovation aims to streamline user access to Layer-2 (L2) ecosystems, offering a seamless experience for DeFi enthusiasts and Web3 users.
The correction has not lasted long as most of the coins are back to the green zone.
NEAR's $1.633 level demarcated the recent lower high on the one-week chart. A move above it will flip the market structure bullishly on the higher timeframe chart.
In a recent turn of events, NEAR Protocol (NEAR) has seen a remarkable 14% surge in its price, following an exciting partnership announcement with Nym Technologies. The collaboration will focus on privacy and security, which is aligned with the increasing demand for enhanced data protection.
Cryptocurrency prices joined American stocks in a major rally as traders waited for the important Federal Open Market Committee (FOMC) decision. The Dow Jones jumped by more than 250 points while the S&P 500 and Nasdaq 100 soared by over 0.80%.
The Near Foundation announced a partnership with Nym Technologies, a privacy layer-0 infrastructure startup.
The partnership will with NEAR Foundation focuses on securing blockchain and comes days after Nym launched a $300 million Innovation Fund.
Nym Technologies has partnered with the NEAR Foundation to bring privacy and encryption advancements to the NEAR ecosystem.
Layer 1 blockchain NEAR will integrate Nym Technologies' data privacy and encryption services for users and DApps operating across its ecosystem.
These are the cryptos with high potential to buy now that you should take a look at, if you want to beat the market of course.
Story Highlights The live price of Near Protocol is . Near Protocol plans to launch the phase 2 this year. NEAR price with a potential surge could go as high as $2.017 by the end of 2023. The global crypto market has been generous enough to emerging protocols and its native assets.
NEAR Protocol, a Blockchain Operating System (BOS), demonstrated notable growth in the third quarter of 2023, defying the challenging conditions of the overall cryptocurrency market. According to a recent report by Messari, key metrics for NEAR Protocol surged significantly over the past month, buoyed by recent price increases across the crypto market.
The blockchain space is currently experiencing exponential growth and innovation, with numerous platforms vying for supremacy. In this era of rapid technological advancement, one blockchain protocol has recently stepped into the limelight, demonstrating astonishing achievements in recent months.
A new report from Binance Research claims that one Ethereum (ETH) competitor ignored the greater crypto market trend and witnessed a surge in activity in the third quarter of this year.
As the crypto ecosystem continues to evolve, Layer-1 competitors are exploring innovative scaling practices to offer better solutions. Solana, with its parallelization approach, and Tezos, employing enshrined rollups, are among the emerging frontrunners.
HPCL in India, is embracing blockchain technology to modernize its purchase order verification process. HPCL teams up with Zupple Labs to streamline purchase order verification, eliminating manual processes for efficiency and security.
The Near Protocol (NEAR) price reached a low of $0.97 on October 19, falling below $1 for the first time since 2020.
The market has recorded a significant upswing in its valuation as the cryptocurrencies are again trading under the influence of the bulls, indicating the possibility of the historic market sentiments repeating in Uptober and the month concluding on a bullish note.
NEAR's long-term prospects remains rock solid especially considering its performance in the last three years. The price action might have been bearish but the Near Protocol has been enjoying significant growth.
In the realm of cryptocurrency, NEAR Protocol has captured the attention of traders and enthusiasts alike with its intriguing price dynamics. Recent developments in October 2023 suggest that the NEAR Protocol may be on the brink of a bullish resurgence, providing hope for investors eager to see a positive turnaround in the market.
