NEAR Protocol Up More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
NEAR Protocol (CRYPTO: NEAR) has seen a 4.03% increase in price over the last 24 hours, reaching $7.26, despite a 1.0% decrease over the past week from $7.3. The coin's all-time high is $20.44. Trading volume has decreased by 27.0%, while circulating supply increased by 0.23% to 1.07 billion, ranking NEAR #19 with a market cap of $7.80 billion.
May 13, 2024 | 3:02 pm
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POSITIVE IMPACT
NEAR Protocol experienced a 4.03% increase in its price to $7.26 over the last 24 hours, despite a weekly decline of 1.0%. The trading volume has decreased by 27%, while the circulating supply has slightly increased. The current market cap is $7.80 billion, ranking it 19th.
The short-term price increase of NEAR Protocol, despite a decrease in trading volume, indicates a positive market sentiment towards NEAR. The slight increase in circulating supply without negatively impacting the price further supports this positive outlook. However, the recent weekly loss and the significant drop from its all-time high suggest caution. The market cap ranking provides a strong indication of NEAR's current market position and investor interest.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100