Cryptocurrency NEAR Protocol Rises More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
NEAR Protocol (CRYPTO: NEAR) has seen a 4.14% price increase over the last 24 hours to $2.66, despite a 17% decline over the past week from $3.2. The coin is currently far from its all-time high of $20.44. Trading volume has decreased by 13% over the past week, and the circulating supply has slightly decreased by 0.19% to 1.03 billion. NEAR's market cap is ranked #32 at $2.72 billion.
January 25, 2024 | 3:02 pm
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POSITIVE IMPACT
NEAR Protocol (NEAR) has experienced a short-term price increase of 4.14% to $2.66, counteracting a weekly downward trend. The trading volume has decreased, and the circulating supply has marginally reduced.
The short-term increase in NEAR's price indicates a positive impact on the asset, likely due to market fluctuations or investor sentiment. However, the decrease in trading volume and a slight reduction in circulating supply could suggest less market activity. The overall weekly downward trend and distance from the all-time high imply that the asset is experiencing volatility, which could lead to uncertain short-term movements.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100