NEAR Bears Likely to Retreat as Short Liquidations Hit $1 Million
NEAR price has had an impressive run these past few days, but the altcoin could now face some resistance before continuing its rise.
Keep up with what's happening in the crypto world in real-time.
NEAR price has had an impressive run these past few days, but the altcoin could now face some resistance before continuing its rise.
The $NEAR token underpinning NEAR Protocol—a scalable alternative to high-functionality smart contract blockchains like Ethereum and Solana—has dropped back below $5 after briefly crossing the important threshold in the early hours of July 12.
Solana (SOL) and Near Protocol (NEAR) have been in the news for their impressive technological frameworks and market performances. Recently, a new DeFi platform has been turning heads through its mind-blowing presale, driving speculation that it might be the next project to secure an exchange-traded fund (ETF).
The cryptocurrency market continues to display a bearish price action by recording a correction of 1.31% in its global valuation. Further, top tokens such as Bitcoin and Ethereum continue hovering close to their important support levels, highlighting uncertainty.
Following a significant pullback recently, the market turned bearish, with extreme fear dominating sentiment. However, as the market sentiment becomes more bullish, the likelihood of a substantial altcoin breakout increases, presenting an opportunity for investors ready to act.
NEAR Protocol has achieved two significant milestones in recent weeks. The blockchain platform has now processed 450 million transactions and boasts a remarkable 12.3 million unique addresses.
The NEAR Protocol blockchain is seeing an increase in in user activity, sparking a great deal of positive vibe for its future. Transaction volumes and active addresses have been up in recent months, pushing the protocol up into the spotlight of the cryptocurrency community.
NEAR Protocol has recorded 450M transactions with 12.3M unique addresses in the last 30 days.
Near (NEAR) has witnessed a relative balance between buying and selling pressures since June 17, preventing its price from trending strongly in either direction.
Solana (SOL), TON (The Open Network), and NEAR Protocol have beat the broader crypto market in the past year. Bitcoin recorded a 100% return over the period but the 3 networks—SOL, TON, and NEAR— showed a major increase in daily active users (DAU) and fee revenue.
Illia Polosukhin, a key architect in modern AI, told CNBC that it's humans that start wars. Experts remain worried.
TL;DR The convergence between artificial intelligence and blockchain technology has led to revolutionary projects in the technological and financial landscape. Projects like ASI, RNDR, VLX, NEAR, and TETHA bring enormous advantages to boost various sectors, whether economic, governmental, business, among others.
NEAR Protocol (NEAR) has recently faced a significant market shift, transitioning from a period of bullish optimism to a notable bearish reversal. This development has intense scrutiny among investors and analysts, highlighting the inherent unpredictability of digital asset markets.
NEAR sees a bearish reversal following a bullish week.
The last month has been marked by a decline in network activity across the Near (NEAR) protocol. Its daily transaction volume has dropped, causing its network fees and revenue to dip.
Frax Finance has announced a strategic partnership with NEAR Protocol to advance its multi-chain capabilities and integrate decentralized artificial intelligence (AI) into the crypto ecosystem.
NEAR Protocol surged 16.61% in the last seven days, thanks to increased AI adoption within the blockchain.
Despite Nvidia's sharp decline, AI crypto tokens are surging double digits, indicating resilience in the market.
AI Coins such as Near Protocol (NEAR), Render (RNDR), Injective (INJ), and The Graph (GRT) have seen significant gains today. Notably, this rise occurs amid a downturn in the broader crypto market and the sluggish performance of Nvidia (NVDA) stock, stirring excitement and curiosity among investors about the sustainability of this rally.
NEAR Protocol (NEAR) rides the AI hype, showing significant price increases. What factors are driving this trend and what could the future price targets be?
The Near Protocol price has been demonstrating acute strength ever since the token rebounded from the monthly lows below $5. In times when the selling pressure was mounting over the majority of the tokens, the NEAR price managed to stabilize within a narrow range, preventing excessive loss.
The market cap for AI-related crypto tokens increased by over 15% in the past 24 hours in response to gains made by artificial intelligence company Nvidia. With the chipmaker leapfrogging Microsoft to become the world's most valuable company, blockchain projects focused on artificial intelligence have also seen increased interest in their tokens.
Prices of AI-themed tokens, including NEAR Protocol (NEAR), are seeing notable reliefs and moving against the broader market trend. This analysis highlights the reasons for this impressive performance and what to expect of the token's value.
NEAR Protocol (NEAR) has emerged as a significant player in the cryptocurrency market, prompting detailed analysis of its price trajectory from 2024 through 2030. This forecast employs technical indicators to forecast potential scenarios, encompassing both optimistic and pessimistic outlooks.