Cryptocurrency NEAR Protocol Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
NEAR Protocol (CRYPTO: NEAR) has seen a price decrease of 4.5% in the last 24 hours, now at $3.23, despite a 12.0% increase over the past week from $2.98. The trading volume and circulating supply have also risen, with the market cap ranking at #33.
February 16, 2024 | 3:00 pm
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NEGATIVE IMPACT
NEAR Protocol experienced a 4.5% price drop to $3.23 in the last 24 hours, despite a weekly gain of 12.0%, with increased trading volume and circulating supply.
The short-term price drop of 4.5% in NEAR Protocol, despite its recent upward trend, indicates a potential short-term negative impact on its valuation. The increase in trading volume and circulating supply suggests growing interest and liquidity, which could stabilize or potentially reverse the price movement in the near term. However, the immediate impact is negative due to the price drop.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100