Cryptocurrency NEAR Protocol's Price Increased More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
NEAR Protocol (CRYPTO: NEAR) has seen a significant price increase of 5.46% in the last 24 hours, reaching $3.96. Over the past week, the cryptocurrency has surged over 85%, climbing from $2.14. Despite the recent gains, it is still well below its all-time high of $20.44. The trading volume has increased by 169% over the past week, while the circulating supply slightly decreased by 0.05%, now standing at 1.01 billion coins. NEAR Protocol currently holds the 24th position in market cap rankings, with a total market cap of $3.98 billion.
December 25, 2023 | 3:02 pm
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NEAR Protocol has experienced a substantial price increase and a surge in trading volume, indicating heightened investor interest and potential bullish sentiment in the short term.
The sharp increase in NEAR Protocol's price and trading volume suggests a strong bullish trend in the short term. The rise in volume, coupled with the price increase, typically indicates a robust demand for the asset. However, as cryptocurrencies are highly volatile, the trend could reverse, but the current momentum is likely to continue in the immediate future.
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