Cryptocurrency NEAR Protocol Up More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
NEAR Protocol (CRYPTO: NEAR) has seen a 3.44% increase in price over the last 24 hours, reaching $1.85. This is part of a positive trend over the past week with a 2.0% gain from the same price point. Despite the recent gains, it is still far from its all-time high of $20.44. Trading volume has decreased by 66.0% over the past week, while the circulating supply has increased by 0.73% to 1.00 billion. NEAR's market cap is currently ranked #37 at $1.85 billion.
November 24, 2023 | 7:00 pm
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NEAR Protocol has experienced a 3.44% price increase over the last 24 hours and a 2.0% gain over the past week, with its price now at $1.85. The trading volume has decreased significantly, while the circulating supply has slightly increased.
The price increase of NEAR Protocol indicates a positive short-term momentum, which could attract more investors. However, the significant drop in trading volume could suggest a decrease in trading interest or consolidation, potentially limiting the upside. The increase in circulating supply could put downward pressure on the price if demand doesn't keep up. The market cap ranking provides a broader context of its relative size in the cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100