Cryptocurrency NEAR Protocol Rises More Than 9% In 24 hours
Portfolio Pulse from Benzinga Insights
NEAR Protocol (CRYPTO: NEAR) has seen a 9.87% increase in price over the last 24 hours, reaching $2.37. This uptrend is part of a 3.0% gain over the past week. Despite the recent rise, it is still far from its all-time high of $20.44. The trading volume has decreased by 41.0% over the past week, while the circulating supply has slightly decreased by 0.8%, now standing at 1.01 billion. NEAR's market cap is currently ranked #37, valued at $2.38 billion.
December 19, 2023 | 3:03 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
NEAR Protocol's price has increased by 9.87% in the last 24 hours, indicating a strong short-term bullish trend. The decrease in trading volume could suggest a consolidation phase or a decrease in market interest.
The significant price increase of NEAR Protocol is a positive indicator for short-term momentum, which could attract more investors. However, the decrease in trading volume might indicate a lack of support for continued growth at this pace, which could lead to a short-term consolidation before any further upward movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100