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Near Protocol price staged a strong comeback on the first week of the year. After months of crashing, $NEAR price rose to a high of $1.63

The Near protocol coin price has shown a steady downtrend over the last five months. During this downfall, the price was constantly wobbling between two parallel trendlines indicating the formation falling channel pattern.

Key Points: According to the official blog, the NEAR Foundation announced that it is improving its appropriation process, including a more decentralized capital allocation model through DAO appropriation, initially involving DeveloperDAO, MarketingDAO, CreativesDAO, and an additional DAOs to be formed starting Q1 2023.

Crypto tokens that fell below the $1 billion market cap threshold include Terra Classic, as well as Helium, Axie Infinity, and The Sandbox.

On a year-to-date basis, the price of leading altcoin Ethereum [ETH] fared better than other layer-1 altcoins (Alt L1s), including Solana [SOL], Near [NEAR], and Avalanche [AVAX], a new report revealed.

NEAR, the native crypto of Near Protocol, seems to continue mirroring the trajectory of Bitcoin, one of the main driving forces of the cryptocurrency industry. The largest crypto asset boasting a total market capitalization of $320.76 billion has so far failed to establish a strong upward momentum that will enable it to exit 2022 with a higher value.

Bitcoin [BTC] hasn't managed to show a notable trend on the charts over the past ten days, not even on the lower timeframes. There were liquidity grabs and quick price movements that shook out over-leveraged traders.

Octopus joins firms like Coinbase and OpenSea, who have all made big cuts to staff numbers in 2022 amid the challenging market environment.

It has been quite a year in 2022 as the bears took over the market, leading to a mass exodus of liquidity. Most blockchain companies have thus had more time to focus on building and NEAR Protocol is one of them.

NEAR becomes the first non-EVM chain to be compatible with Metamask.

Two years after its mainnet launch, decentralized open-source blockchain platform NEAR Protocol [NEAR] reached a milestone of 250 million transactions on the platform.

NEAR Protocol (NEAR), the unrivaled blockchain platform, hasn't offered many gains to investors holding its native token (NEAR) recently. But there could be a short-selling opportunity at $1.584 if NEAR's downtrend continues for a day or two.

NEAR protocol may not be the most popular crypto project but it is certainly up there in the list of promising crypto networks. A look at its past achievements and developments is perhaps the best progress assessment strategy.

The global crypto market has been generous enough to emerging protocols and its native assets. A number of sprouting protocols have managed to establish their reign in the industry. One such is the Near Protocol, which has been growing in prominence.

A November spreadsheet by Financial Times has surfaced revealing Alameda capital's portfolio. The sheet ranks NEAR protocol holdings at position 21 alongside Yuga Labs and Polygon network.

The Near Foundation and Nutresa have a common mission of enabling environmentally sustainable practices.

It is the first open-source loyalty program using the Near protocol and aims to reach one million consumers throughout the region.

NEAR's price action leaned towards the bearish side of things, especially in the last two weeks. Its volume recently reached a new low.

Proximity Labs, along with three decentralized exchanges on the Near Protocol blockchain — Orderly Network, Spin, and Tonic — announced a $10 million developer fund. The post Proximity Labs unveils $10 million developer fund for trading protocols on Near appeared first on The Block.

NEAR might be close to a major bullish recovery NEAR's volume sees an uptick, but bears prove dominant Imagine finding an oversold cryptocurrency that is native to a layer 1 blockchain and whose network already has five years of runtime.

These three cryptos are among the biggest decliners in a market that can't seem to find its footing.

Altcoins like NEAR have experienced a similar slump in value as the major cryptocurrencies during the previous several days. Cryptocurrency price index Coingecko reports that NEAR's price is currently bearish, reflecting the general market sentiment.

2k support level.

The Fibonacci extension level showed that a bounce was possible for NEAR. Lower timeframe resistance sat at $1.9 and $1.97.