NEAR Protocol Rises More Than 8% In 24 hours
Portfolio Pulse from Benzinga Insights
NEAR Protocol (CRYPTO: NEAR) has seen a price increase of 8.22% in the last 24 hours to $6.65, despite a weekly loss of 6.0%. The coin's all-time high is $20.44. Trading volume has decreased by 54.0% over the past week, with the circulating supply also down by 1.23% to 1.07 billion. NEAR's market cap ranks #19 at $7.10 billion.
May 03, 2024 | 3:02 pm
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NEAR Protocol has experienced an 8.22% increase in price over the last 24 hours, moving against its weekly downward trend. The trading volume and circulating supply have decreased.
The short-term price increase of NEAR Protocol, despite a weekly loss, indicates a potential rebound or market correction. The decrease in trading volume and circulating supply could suggest a consolidation phase, possibly leading to increased volatility or further price increases if demand picks up.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100