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NEAR Protocol  


NEAR Price:
$0.1 B
All Time High:
Market Cap:
$2.2 B

Circulating Supply:
Total Supply:
Max Supply:


The price of #NEAR today is $2.54 USD.

The lowest NEAR price for this period was $0, the highest was $2.54, and the current live price for one NEAR coin is $2.53787.

The all-time high NEAR coin price was $20.47.

Use our custom price calculator to see the hypothetical price of NEAR with market cap of ETH or other crypto coins.


The code for NEAR Protocol is #NEAR.

NEAR Protocol is 2.3 years old.


The current market capitalization for NEAR Protocol is $2,166,107,566.

NEAR Protocol is ranked #29 out of all coins, by market cap (and other factors).


The trading volume is very large during the past 24 hours for #NEAR.

Today's 24-hour trading volume across all exchanges for NEAR Protocol is $148,761,321.


The circulating supply of NEAR is 853,513,687 coins, which is 85% of the maximum coin supply.


NEAR is the native coin for the Near Protocol blockchain.

View the full list of Near Protocol blockchain tokens.


NEAR is integrated with many pairings with other cryptocurrencies and is listed on at least 58 crypto exchanges.

View #NEAR trading pairs and crypto exchanges that currently support #NEAR purchase.



#BuiltOnNEAR Twitter Space Recap: Phoenix Bonds

LiNEAR Protocol recently launched its newest DeFi product Phoenix Bonds, which provides an alternative option for NEAR users to bootstrap liquidity at minimal cost. In just a short time, the TVL of Phoenix Bonds has already reached over USD 1.6 million, with an APY of about 300%. In our most recent #BuiltOnNEAR Twitter Space series, we invited Stanley He, Core Contributor of LiNEAR/Phoenix to tell us more about the idea behind Phoenix Bonds and how NEAR users can make use of it to amplify yields. You can listen to the full recording here: — NEAR Blockchain on Twitter: " / Twitter" - What is Phoenix Bonds? Phoenix Bonds is a unique bond mechanism built upon LiNEAR Protocol that protects users’ principal while amplifying yields perpetually. The yields from Phoenix bonds come from liquid staking on LiNEAR Protocol, creating the boosted yields for Phoenix Bonds users. The TVL you see from Phoenix Bonds also reflects the same TVL on LiNEAR. Therefore, it also helps bring in a higher TVL for the entire NEAR ecosystem. What inspired the LiNEAR team to develop a new bonding mechanism on NEAR? We have been going through a challenging time in the crypto space, and during bear markets, we see a big drop in DeFi activity, and everyone is trying to look for more reliable and stable alternatives to earn yields. We are hoping to develop a “safe game” for NEAR users to achieve yield amplification. Here, I als...

NEAR Wallet’s Evolution in 2023

NEAR Foundation and Pagoda, along with the Wallets Working Group, have conducted extensive community discussions over the last several months about the evolution of wallets in the NEAR ecosystem. In keeping with the Foundation’s goal to empower the community and continue to decentralize the ecosystem over time, the focus since NEARCON has been to expand the wallet offerings to NEAR users and to decentralize the NEAR Wallet. MyNearWallet is now open source and under the stewardship of Developer DAO to maintain as a public good. (Pagoda took over MNW after Kikimora ceased operations in December due to funding issues.) DevDAO announced this week that they are accepting applications for teams to take over maintenance of MyNearWallet to evolve the product while keeping it open source for the benefit of the developer community. For more information about how to apply, visit the Developer DAO gigs board on NEAR Social. If you have been using MyNearWallet or, you don’t need to take any action. MyNearWallet service will not be interrupted in this transition and, in fact, users can expect product improvements over time from the chosen maintainer team. The goal is to offer more wallet options to users across the NEAR ecosystem and to decentralize the development of wallet products across the developer community. Pagoda will continue maintaining Over time, the NEAR wallet will integrate into the fort...

Twitter Space Recap: Multichain Web3 infrastructure — Create without Limits

Twitter Space Recap: Multichain Web3 infrastructure — Create without Limits - In our most recent Twitter Spaces, we invited Amos Zhang (MetaWeb Ventures) to moderate a panel about multichain web3 infrastructure with Illia Polosukhin (NEAR Protocol), Alex Shevchenko (Aurora Labs) and Louis Liu (Octopus Network). Here are the topics covered: — Major achievements of NEAR, Aurora and Octopus in 2022. — NEAR reaching 22m+ accounts with $330m in outside funding, NEAR launched Nightshade Sharding Phase 1 with over 300 validator seats, NEAR has over 1000 monthly active developers working on 1000+ projects, Aurora achieved over $1.5B in TVL at its peak and reaching over 4.6m unique accounts (more than Avalanche), Rainbow Bridge sustained multiple hack attempts as one of the few permissionless bridge in blockchain, Octopus onboarded several appchains, and hosted 4 batches of accelerator with around 250 Web3 projects participating, — How NEAR facilitate multichain and interoperability of Web3. — Rainbow Bridge Technical Insight and Future Plans, Permissionless bridge designed to sustain hacks, Reducing crosschain transfer of FTs from NEAR to Ethereum from 4–8 hours to seconds, Improving security, cost of maintenance, and functionality of the Bridge; exploring the use of ZK, More crosschain use cases to be supported such as NFT transfers, crosschain function calls, oracles, and account lookups...

NEAR 2022: A Year in Review

Introduction - It’s been a whirlwind year for NEAR — and it’s hard to believe that 2022 is coming to an end. It’s been a year filled with massive milestones and achievements, including the biggest NEARCON ever, record-breaking new wallet creation, and much more. With 2023 around the corner, it’s a great time to reflect and take stock of all the exciting happenings and announcements that took place in 2022. NEAR Foundation congratulates every developer, community member, and partner that made 2022 a blast. Without further ado, here’s everything that happened with NEAR in 2022, how the ecosystem is successfully navigating bear market conditions, and why NEAR is primed for explosive growth heading into 2023! — Protocol Progress and JavaScript SDK - The last 12 months saw huge progress on the protocol level, with an exciting roadmap charting the course for 2023 and beyond. From staking upgrades to new developer tools, the NEAR protocol made huge strides in onboarding new builders and the next 1 billion users. NEAR introduced the brand new JavaScript SDK, enabling developers to build on NEAR using the most popular programming language in the world. Brendan Eiche, the inventor of JavaScript and co-founder of privacy-first browser Brave, even joined a panel at NEARCON to discuss the new SDK, Brave’s new support of Aurora, and why he’s excited about NEAR. NEAR also saw the introduction of meta-transactio...

Merry Xmas and #HappyNewNEAR — 3 Weeks of Festive Activities

Merry Xmas and #HappyNewNEAR — 3 Weeks of Festive Activities - — Christmas NFT Giveaway and Grant Raffle of over 10,000 NEAR - Holiday season is about to start, and it wouldn’t be complete without festival activities and presents. @NEAR_Blockchain is joining hands with MetaWeb Ventures and an array of NEAR-powered projects to spread joy and celebrate together. Starting from December 19, 2022 to January 6, 2023, we’ll initiate a 3-week straight of activities for all NEARians worldwide. Our event partners include MetaWeb Ventures, Aurora, Proximity Labs, Octopus Network, Cornerstone,, Paras, Sender Wallet, Connect3, LiNEAR, Sweat Economy, Jumbo, Niche, KINO, Pembrock, Reality Chain, PinkPea, Aurigami, Burrow, Trisolaris, Arctic, Tonic, Orderly Network, Notifi and Magna. We’d also like to acknowledge our community partners such as 0x499, NEARWeek, NEAR Insider, NEAR China Hub and NEAR Vietnam Hub. — How to participate. — The 3-week of #HappyNewNEAR activities are open to all community members who meet each activity’s requirements. Some activities require simple social interaction and complete certain tasks requested by the project partners. We also have festive quizzes that test your NEAR knowledge, and Twitter Space events that let you listen to and engage with our thought leaders. Each activity has a different starting date, so please pay attention and follow us on Twitter to make...

NEAR Strategic Update and Outlook for 2023

The recent stream of news clearly demonstrates that the world needs Web3. Trust in legacy institutions is breaking down, individual privacy and individual freedom are equally at risk, and the major Web2 platforms we use every day have become monopolies that focus on profit, not people. Yet Web3 also hasn’t fully delivered on its promise to open the web. While important progress has been made, much more needs to be done for this technology to deliver fairer, freer digital systems. Today’s Web3 suffers from inaccessible user experience, siloed applications which are difficult to discover, few real-world use cases, and technology tribalism. Put simply, too much hype and not enough value for users. Since 2018, NEAR has focused on building scalable, secure technology and infrastructure that is easy to use and enables developers to freely create usable applications. Since launching Mainnet in late 2020, the NEAR ecosystem has made incredible progress, becoming one of the top layer-one blockchains with 22 million accounts, 600K monthly active wallets (active defined as 2+ transactions), and 15x growth in users and projects just in the last year. And despite chaos in the market and a major downturn in recent months, NEAR Foundation has sufficient capital to sustain at least five years of operations in bear market conditions thanks to responsible treasury management. While Web3 has yet to deliver on its promises, NEAR Foundation ...

Refer-and-Earn Guidelines Update: Q3 2022

December 9, 2022 — NEAR Team NEAR’s ever-growing and engaged community is one of the ecosystem’s greatest strengths. Remember the NEAR Foundation Grants team’s Refer-and-Earn Program? A number of NEAR community members participated in Refer-and-Earn in early 2022, resulting in grants for dozens of exciting projects currently building on the NEAR ecosystem. The Foundation has had the pleasure of seeing the community being a key contributor in providing ecosystem support and building dapps. The community does this in a number of ways, including running and sponsoring events, educating developers and entrepreneurs on the benefits of NEAR, bringing projects with active user bases from other chains, and so on. NEAR Foundation wants to build on the community’s successes through a new incentive structure that aligns with the Grants Program (more information can be found at the Grants Program Handbook here The payout for each project referred will be awarded a total of 10% of the project awarded grant amount. This amount is awarded in nUSDC (wrapped USDC on NEAR) and is calculated at the end of each quarter., The first half of the 5% will be awarded at the point of the contract signed., The second half of the 5% will be awarded once all project milestones are completed., — Refer-and-Earn: Q3 Qualified Projects - The NEAR ecosystem receives a number of your recommendations and r...

NEAR and Press Start Team to Level Up Web3 Gaming

December 9, 2022 — NEAR Team NEAR Foundation is excited to announce a new partnership with Press Start Capital, a pre-seed stage venture fund focused on Web3 Gaming, Metaverse, NFTs, and Entertainment. With NEAR, Press Start is looking to identify, fund, and support the promising Web3 builders and creators of what it calls a “new Golden Age of Entertainment.” And Press Start will join NEAR’s network of partner funds. In this new partnership, information sharing between NEAR and Press Start will be vital. Any game developers identified by Press Start that aren’t committed to a blockchain will be directed to NEAR to help build and ship their Web3 gaming apps and products. Press Start will also have access to the Foundation and ecosystem’s vast network of fund partners-a critical piece in building the new era of gaming. — Community front and center - Both NEAR and Press Start see the future of gaming as being community-driven. The partners are fully aligned in manifesting a world where players take part in the creation and ownership of the games, stories, and assets they cherish. “As crypto eats software and gaming eats culture, we believe now is the time to build a new Golden Age of Entertainment that will unlock a new generation of community-owned games and IP,” says Steven Chien, co-founder and General Partner at Press Start Capital. “We’re excited to collaborate with NEAR as a mission-aligne...

NEAR Transparency Report: December 2

December 2, 2022 — NEAR Team As part of the Foundation’s commitment to transparency, each week it will publish data to help the NEAR community understand the health of the ecosystem. This will be on top of the quarterly reports, and the now monthly funding reports. You can find the quarterly reports here. You can find monthly reports on funding here. Last week’s transparency report can be found here. — The importance of transparency - The NEAR Foundation has always held transparency as one of its core beliefs. Being open to the community, investors, builders and creators is one of the core tenets of being a Web3 project. But it’s become apparent the Foundation needs to do more. The Foundation hears the frustration from the community, and it wants to be more pro-active in when and how it communicates. — New Accounts and Active Accounts - New Accounts are new wallets being created on the NEAR blockchain. In November the number of new accounts has been declining. This week, new account creation has averaged 16,000 new accounts per day, down from a monthly average of 24,000 wallets per 24 hours. Looking at the quarter, the highest day for new account creation in Q3 was September 13 where 130,000 new wallets were created in one day. Collectively, these numbers equate to 22,454,000 total wallets on the NEAR blockchain. The Daily Number of Active Accounts is a measure of how many wallets on NEAR are ma...

NEAR and Grupo Nutresa Partner for Customer Experience Innovations in Web3

December 1, 2022 — NEAR Team In a groundbreaking and innovative move, NEAR has partnered with Grupo Nutresa, one of the most important processors of food in South America, to bring Web3 to the grocery industry. This will see Grupo Nutresa building one of the first open-source loyalty points programs on NEAR with long-term aspirations to reach a million users in Colombia and Latin America. The partnership was established through the support of tech firm Peersyst. Grupo Nutresa customers will in turn gain more autonomy and control of their rewards. Customers will also get additional security and the reassurance that points will not be stolen or denied, and can be transferred more efficiently. Leveraging NEAR’s technology will also increase usability and accessibility of the rewards system as a whole, saving customers from having to create multiple accounts or different logins for multiple platforms — they just need their easy to use NEAR wallet. “We are excited to partner with one of the biggest multinationals in Latin America and help it to lead the way through its first Web3 loyalty programme,” says NEAR Foundation CEO Marieke Flament. “Leveraging NEAR’s first-rate technology, the partnership will redefine what is possible when combining retail with the latest blockchain innovation, not just in Latin America but throughout the rest of the world.” — Usability is key to loyalty - Rewarding custo...


Bitcoin, Ethereum Technical Analysis: ETH Remains Near $1,700 to Start t...

    Ethereum continued to trade close to a key resistance level of $1,700 on Saturday, following Friday's U.S. non-farm payrolls (NFP) report. Yesterday's report showed that 517,000 jobs were added to the U.S. economy in January, better than the 185,000 many were expecting. Bitcoin mostly consolidated however, as traders moved to take recent profits.Bitcoin Bitcoin (BTC) moved lower to start the weekend, as traders continued to secure gains following a recent climb to a six-month high. Following a high of $23,678.10 on Friday, BTC/USD fell to an intraday low of $23,279.96 earlier in Saturday's session. Today's decline sees bitcoin fall for a third straight day, and comes following Thursday's high of $24,262, which was BTC's highest point since early-August last year. As a result of recent declines, bitcoin's 14-day relative strength index (RSI) is now tracking at 68.41. This is marginally above a point of support at 68.00, which is a level that has not been broken since January 11. Should this floor fail to hold during today's session, bearish sentiment will likely continue to rise, pushing prices below $23,000 in the process. Ethereum On the other hand, ethereum (ETH) rose marginally higher on Saturday, remaining close to a resistance level of $1,700 in the process. ETH/USD hit a high of $1,670.70 to start the weekend, as the world's second largest cryptocurrency bounced away from Friday's low at $1,634.49. Following a surge to $1,714 on Thursday, which was the strongest point... read More

Biggest Movers: SHIB, DOT Remain Near 3-Month Highs, Despite Crypto Mark...

    Shiba inu was one of Friday’s biggest gainers, as the meme coin remained close to a recent three month high. The token has been in the green for the majority of today’s session, despite the global cryptocurrency market cap falling 1.28% at the time of writing. Polkadot was also higher, as it continued to trade above a key price ceiling.Shiba inu (SHIB) Shiba inu (SHIB) was a notable mover on Friday, with prices remaining close to yesterday's three month high. SHIB/USD rose to a high of $0.00001291 on Thursday, which was its strongest point since November, however fell lower, as bulls moved to take profits. As traders abandoned their positions, SHIB fell to a low of $0.00001196 yesterday, however prices have since recovered, and are currently sitting at $0.00001251. Looking at the chart, Thursday’s decline pushed SHIB towards a floor at 61.00 on the relative strength index (RSI), however bulls rejected a breakout. As of writing this, the index is tracking at 69.41, which is marginally below a resistance point at 70.00. In order for SHIB to recapture yesterday’s peak, this ceiling at 70.00 will first need to be broken. Polkadot (DOT) Polkadot (DOT) also maintained bullish momentum in today’s session, as the token continued to trade above a key resistance level. After giving up a high of $6.84 on Thursday, DOT/USD dropped to a low of $6.53 later in the day. The token has since rebounded, and as of writing this is currently trading at $6.79, which ... read More

Bitcoin, Ethereum Technical Analysis: BTC Hovers Near $23,000 to Start t...

    Bitcoin started the weekend hovering near $23,000, as markets continued to react to personal consumption data in the United States. Figures released on Friday reported that spending fell by 0.2% last month, despite overall consumer sentiment moving higher. Ethereum remained close to $1,600 to start the day.Bitcoin Bitcoin (BTC) remained close to the $23,000 level on Saturday, as markets continued to react to Friday's U.S. personal consumption data. Following a high of $23,417.72 late on Friday, BTC/USD fell to an intraday low of $22,880.60 earlier in the day. This came as bitcoin was once again unable to break out of a key resistance level at $23,500, leading to a resurgence of bearish sentiment. In addition to this, the 14-day relative strength index (RSI) has dropped below the 80.00 mark, and looks to be headed for a floor at 76.00 Should momentum continue in a downward direction, it is likely that BTC will collide with a floor at $22,400. Currently, the index is tracking at 78.59, with BTC/USD trading at $22,930.60. Ethereum After a brief stint moving back above $1,600 late on Friday, ethereum (ETH) started the weekend once again below this level. ETH/USD dropped to a bottom of $1,568.69 on Saturday, less than a day after hitting a peak of $1,617.00. Volatility in ethereum has been heightened in recent days, following a failed breakout attempt of the $1,645 level earlier this week. Following weeks of being overbought, price strength has begun to decline, with the 14-day... read More

Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Amid the ubiquitous rally in the crypto market, multiple crypto assets including MATIC have climbed higher highs, thriving to reach their peak and beyond. While the catalyst behind the rally might be unclear, Polygon's (MATIC) bullish trend could be a part of its upcoming zkEVM Network update. As the launch draws near, investors have continued to increase in numbers pouring more funds into the asset.  Polygon is a layer-2 scaling solution built on top of the Ethereum blockchain to improve the network’s scalability. The soon-to-be-launched zkEVM network update is just one of the plans the developers of the Polygon network have announced to enhance the layer-2 scaling solution.  According to Polygon co-founder Sandeep Nailwal's recent tweet, the anticipated zkEVM comes soon as the mainnet launch now has an official date which is somewhere around the corner. Polygon (MATIC) Surges Nearly 10% In 24 hours Over the past 24 hours, MATIC has spiked in price by 8.6%, mirroring other altcoins' bullish trend as the global cryptocurrency market capitalization still holds steady above the previously amassed $1 trillion mark.  The past few weeks have seen a MATIC mark an upward rally movement, especially since the beginning of the year. MATIC has moved from the $0.75 price tag seen late last year to $1.09 at the time of writing. Meanwhile, the 1-day chart still indicates more rallies as there is still liquidity at the higher highs to be taken. Notably, MATIC is ranke... read More

Ethereum Closes Near Its Next Profit Take Region As Bullish Momentum Con...

    The Ethereum price has been propelling itself considerably ever since Bitcoin crossed the $20,000 price mark. Over the last 24 hours, ETH has slightly moved down on its chart, depicting consolidated price action. Last week helped the Ethereum price move up by 6%. The coin finally broke past its consolidation at the $1,500 price level and has been moving north ever since. The technical outlook of the coin has pointed towards continued bullishness on the chart. Accumulation has increased substantially ever since Ethereum breached the $1,500 price level. The chance of a price reversal cannot be ruled out just yet, as ETH was overbought and overvalued. Currently, Ethereum has secured $1,600 as the support level. The next price correction could help traders with buying opportunities. A price correction might not occur over the immediate trading sessions as demand for the coin remains quite high on the chart. Ethereum's price might continue on the upside before the coin retraces. The market capitalization of Ethereum increased, which also reflected that the buying sentiment remained high. Ethereum Price Analysis: One-Day Chart ETH was exchanging hands at $1,620 at the time of writing. Immediate resistance for the coin stood at $1,690; it even corresponds to the 50% Fibonacci retracement level. A move above $1,690 will help Ethereum touch the $1,700 price mark. The $1,700 price mark is crucial, as touching or breaching this mark could mean continued bullish momentum for the crypto... read More

Bitcoin, Ethereum Technical Analysis: BTC Remains Near $23,000 to Start ...

    Bitcoin continued to hover around the $23,000 level on Jan. 23, as bullish sentiment remained high in markets. Over the weekend the world's largest cryptocurrency rose to its strongest level since August, with bulls moving to consolidate these gains. Ethereum also traded in the green today, remaining above $1,600 in the process.Bitcoin Bitcoin (BTC) continued to trade near a five-month high to start the week, as sentiment in crypto markets remained bullish. Following a low of $22,387.90 on Sunday, BTC/USD hit an intraday peak of $23,056.73 earlier in today's session. On Saturday, BTC rose to a high of $23,375, which was its strongest point since August 18, and it appears as though bulls are hoping to recapture this point. In order to achieve this, the 14-day relative strength index (RSI) will likely need to move back towards a ceiling at 91.00. Currently, the index is at the 85.26 level, which is already overbought, and this could lead to some opting to secure gains and abandon previous positions. As of writing, BTC is trading at $22,876.55, which is marginally higher than Sunday's peak. Ethereum Ethereum (ETH) also appeared to be consolidating the weekend's gains, with prices remaining above the $1,600 mark. On Monday, ETH/USD has so far risen to a peak of $1,658.02, which is relatively close to Saturday's four-month high at $1,680. Today's peak comes as the world's second largest cryptocurrency rebounded from a floor around the $1,610 mark. Looking at the chart, the rebo... read More

Bitcoin Hash Rate at Near All-Time High despite Rising Mining Difficulty

    The Bitcoin hash rate is trending at near all-time highs, per on-chain data on January 20, 2023. Bitcoin Hash Rate at 274 EH/s According to streams from BitInfoCharts, the Bitcoin network currently has a hash rate of 274 EH/s, up by almost one percent in the past 24 hours. Even at this pace, the hash rate is down from January 16 highs of 302 EH/s. Hash rate is the measure of computing power dedicated to BTC mining. As a proof-of-work platform, the Bitcoin network depends on a community of node operators using Application Specific Integrated Circuit (ASIC) gear for block confirmation and security. ASICs are special nodes explicitly designed to mine cryptocurrencies in proof-of-work networks using, among others, the SHA-256 consensus algorithm. ASICs that can mine BTC can also be used to mine its forks, adhering to a proof-of-work system, including Bitcoin Cash. For confirming a block, a miner is rewarded with BTC. The amount of computing power channeled to the Bitcoin network often fluctuates depending on many factors, including the cost of scarce gear, often from Bitmain, and the price of BTC. In recent years, chipset manufacturers, led by Bitmain, have been tuning their equipment, making them more efficient in power consumption. At the same time, they are packing them with more power. Accordingly, the latest BTC ASICs can dispense more computing power. As an illustration, the Bitmain Antminer S19 XP released in July 2022 can produce 140 TH/s while using 3010W.... read More

Aave Price Surges As V3 Cloud Upgrade Draws Near

    Amid the ongoing rally in DeFi TVL, we’ve seen positive news and innovation popping up from the ecosystem. As the Aave protocol V3 cloud upgrade draws near, its native token, Aave, has skyrocketed since the beginning of this year, reaching higher highs for the first time in the last few months.  Aave is an open-source liquidity protocol and its upcoming V3 cloud launch is just one of the protocols pending plans yet to be initiated. An Aave supporter with the Twitter handle @0x4Graham disclosed the upcoming upgrade launch.  According to crypto reporter Collins Wu, the V3 upgrade will introduce cross-chain asset functions, community contribution tools, and a gas optimization model on the Aave protocol. Aave Price Surges Nearly 37% In 7 Days As the v3 cloud upgrade draws near, Aave’s native token has spiked in price by 36.5% in the past 7 days, following suit with other crypto and DeFi tokens surging in the market. Besides that, the past few weeks have seen Aave printing a bullish trend, in which the chart indicates anticipation before a significant move.  Aave began the year with a ranging price of $50, and so far, the token has spiked to above $80 following the disclosure of the v3 cloud upgrade. Moreover, not only is the Aave token surging, but the protocol’s TVL has also done some significant rallies to the upside over the past weeks.  Currently, Aave protocol has a cumulative TVL of $4.5 billion, up by 21% in one month. The protocol h... read More

Biggest Movers: SOL, SHIB Remain Near Multi-Month Highs, Despite Market ...

    Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday. Solana (SOL) Solana (SOL) remained near a two-month high to start the week, despite crypto markets beginning to consolidate recent gains. SOL/USD hit an intraday high of $24.75 on Monday, which comes less than a day after falling to a bottom of $22.68. This move means that the token remains close to this weekend’s high of $25.03, which was the strongest point for SOL since November 8. From the chart, it appears as sentiment in solana is still somewhat bullish, which comes as the 14-day relative strength index (RSI) continued to track above a support point at 80.00. As of writing, the index is tracking at 80.18, with solana trading at the $23.42 price point. Should the index remain about 80.00 in the coming days, it is likely that SOL could once again move toward $25.00. Shiba Inu (SHIB) Like SOL, shiba inu (SHIB) bypassed today’s price consolidation, maintaining recent highs in the process. Following a low of $0.00001009 on Sunday, SHIB/USD climbed to a peak of $0.00001099 earlier today. Monday’s action has seen the meme coin continue to trade near the two-month high of $0.00001111, hit last Friday. Like many cryptocurrencies last week, prices of shiba inu were mostly overbou... read More

Near Protocol (NEAR) Surges Over 22% In One Week, Will It Surpass $2?

    NEAR is soaring on the price chart, with a 3.10% increase in the last 24 hours. Even with the bearish nature of the crypto market in 2022, the NEAR protocol started the year strong. The adverse events of 2022 pushed cryptocurrencies under the scrutiny of regulators. However, the market is slowly picking up pace this 2023. According to a Coin Guru tweet, NEAR is moving upwards, gaining 4.92% in 1 hour. NEAR is a cryptocurrency project designed to be community-based. It is a cloud-computing platform that enables faster transactions and interaction among blockchains. What Is Behind The Price Surge? Several factors might be responsible for this increase in the price of NEAR tokens. Web3 innovations top the list of these factors. Web3 has taken over the crypto space with various applications such as gaming, NFTs, fast transactions, etc., and NEAR is at its frontlines.  NEAR is home to almost 1,000 projects. SweatEconomy is one of its renowned apps with a customer base of over 14 million individuals. The NEAR Protocol development team also hinted that its sharding mechanism, Nightshade, would launch in 2023. Also, NEAR Protocol gives users an enabling environment to transact seamlessly. Statistics reveal that 22.6 million #NEAR wallets have been created since late 2020. The protocol also supports the staking of NEAR tokens. With its innovative thinking and support of widely adopted decentralized applications (DApps), the attention on NEAR is soaring.  However, Alex, a Tw... read More

Ethereum Price Consolidates Near $1,400 As The Bulls Aim $1,500

    Ethereum climbed higher above the $1,400 resistance zone against the US Dollar. ETH is consolidating gains and might rise further towards the $1,500 level. Ethereum started a fresh increase above the $1,350 and $1,400 resistance levels. The price is now trading above $1,400 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,365 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further unless there is a clear move below the $1,350 support. Ethereum Price Turns Green Ethereum price started a strong increase above the $1,320 resistance. ETH was able to clear the $1,350 resistance zone to move into a positive zone, similar to bitcoin above $17,200. The price even climbed above the $1,400 resistance zone. A high is formed near $1,437 and the price is now consolidating gains. Ether price is now trading above $1,400 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $1,365 on the hourly chart of ETH/USD. Recently, there was a downside correction below the $1,420 level. The price declined below 23.6% Fib retracement level of the upward move from the $1,351 swing low to $1,437 high. However, the price is stable near the $1,400 zone. An immediate resistance is near the $1,435 level. The next major resistance is near the $1,500 level. An upside break above the $1,500 resistance zone could set the pace for more gains. Source: ETHUSD on TradingView.c... read More

NEAR Struggles As Bulls Aim To Flip $1.45 Resistance Into Support

    NEAR, the native crypto of Near Protocol, seems to continue mirroring the trajectory of Bitcoin, one of the main driving forces of the cryptocurrency industry. The largest crypto asset boasting a total market capitalization of $320.76 billion has so far failed to establish a strong upward momentum that will enable it to exit 2022 with a higher value. In fact, BTC, which is trading at $16,658, is in danger of ending the year with a meager gain of less than 2%. At the time of writing, the maiden crypto has only managed to go up by 1.2% during the last 30 days and is looking at a weekly decline of 1.5%. As Bitcoin continues with its struggles, lesser known altcoins such as NEAR will also have a hard time to trigger an upward movement of their prices. Yearend Bang Denied As NEAR Drops 20% Much like many of its fellow digital coins, NEAR is now trapped in a position where it will be difficult to end the month of December on a high note. NEAR Protocol has the strongest positive correlations with Bitcoin, Cardano, and XRP. This suggests that these coins frequently trend in the same direction at the same time. According to latest data from Coingecko, at press time, NEAR is changing hands at $1.32 and has already lost 20% of its value in the last 14 days. As for its month-to-date (MTD) performance, the coin is currently one of the worst performers among the top 40 crypto assets, going down by 16.2% over the previous 30 days. Adding to the woes of the cryptocurrency is the findings of... read More

Bitcoin Price Keeps Fighting Near $17K, What Could Spark Upside Break

    Bitcoin price is still attempting an upside break above $17,000. BTC could gain bullish momentum if there is a daily close above the $17,000 and $17,200 resistance levels. Bitcoin is again attempting an upside break above the $17,000 and $17,200 levels. The price is trading above $16,750 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $16,820 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a daily close above the $17,200 resistance zone. Bitcoin Price Remains Supported Bitcoin price climbed above the $16,800 resistance zone in the past few sessions. BTC even attempted an upside break above the $17,000 resistance zone, but struggled to gain bullish momentum. The bulls made a couple of attempts to clear the $17,000 resistance, but failed. The recent high was formed near $16,920 and the price is now consolidating in a range. It corrected a few points and tested the 23.6% Fib retracement level of the upward move from the $16,565 swing low to $16,920 high. Bitcoin price is now trading above $16,750 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $16,820 on the hourly chart of the BTC/USD pair. On the upside, an immediate resistance is near the $16,920 zone. The first major resistance is near the $17,000 zone. The main barrier is still near the $17,200 level. A proper daily close above the $17,200 resista... read More

Biggest Movers: DOGE, LTC Near 3-Week Lows on Thursday

    Dogecoin was trading close to a three-week low on Thursday, following the release of retail sales figures in the United States. Customer spending fell by more than expected in November, dropping by 0.6% last month. Litecoin slipped for a second successive session, falling to its lowest point since late November. Dogecoin (DOGE) Dogecoin (DOGE) remained in the red on Thursday, as prices fell for the ninth day out of the last eleven. The recent decline saw DOGE hit a low of $0.08694 earlier in today's session, which is nearly 4% lower than Wednesday's peak of $0.09224. This move saw the meme coin fall to its lowest point since Monday, nearing a three-week low of $0.0848 in the process. Looking at the chart, bearish sentiment has increased as the 14-day relative strength index (RSI) fell from its recent floor at the 47.50 mark. As of writing, the index is tracking at 42.40, with a floor of 40.00 the next possible destination. Should this point of support be reached, we will likely see DOGE trading near the $0.0840 level. Litecoin (LTC) Litecoin (LTC) was another notable token to fall today, with prices moving lower for a second straight day. Following a high of $78.96 on Wednesday, LTC/USD dropped to a bottom of $74.07 earlier in the day. As a result of this drop, litecoin moved to its lowest point since November 28, when prices hit a bottom of $70.50. Like with dogecoin above, today's sell-off coincided with the RSI hitting a low of 50.20, which is close to a floor of 50.00.... read More

These On-Chain Indicators Suggest Bitcoin's Bottom Draws Near

    Bitcoin and crypto markets are a full year into bear territory, and it has been about that time when the cycle bottom occurs. During the previous bear market, it came in December 2018, a year after the Bitcoin price peak. This time around, BTC has fallen 75% from its peak a year ago, and bottom signals are mounting up. On Dec. 6, Capriole Fund founder Charles Edwards took a deep dive into the on-chain data. He discovered that there were several signals suggesting it could be the best time to buy Bitcoin. Bitcoin Bottom Signal Series. A thread of on-chain signals which suggest the Bitcoin bottom is in, or very close. In my opinion, these are the most important on-chain metrics today. Based on Bitcoin's 13 year history, they are telling me this is an extraordinary opportunity. — Charles Edwards (@caprioleio) December 6, 2022 Bitcoin at The Bottom Bitcoin adoption is at an all-time high despite the FTX crypto contagion and market crash. It is currently the highest growth rate in addresses, with more than 0.1 BTC in history. The addresses holding BTC for more than a year also represent more of the network than ever before. Furthermore, there have only been four other times in network history that Bitcoin production cost has been below its electrical cost. These instances also coincided with market bottoms. Edwards observed that BTC price is also trading at a 55% discount to Bitcoin Energy Value. The BEV is the asset's fair value priced using pur... read More

Hedera (HBAR) Continues To Consolidate Near Its Lowest Level This 2022

    Hedera (HBAR), the native and energy-efficient cryptocurrency of an open source public distributed ledger bearing the same name, started the year on a high note, peaking at $0.3282 on January 5. But the crypto asset failed to keep up its momentum and gradually declined over time until it fell below the $0.10 marker on May 13 when it bottomed at $0.0870. HBAR continues to struggle in reclaiming the $0.10 territory Hedera technical indicators currently show no signs of an immediate reversal The crypto asset increased its market cap by $400 million in just 24 hours Since then, the altcoin struggled to climb back up and its woes were compounded by the negative effects of the collapse of the FTX cryptocurrency exchange platform. On November 10, Hedera recorded its 2022 low when it changed hands at $0.0439 and is not showing any signs of initiating a bullish run anytime soon. Its relevant technical indicators are also nothing to be excited about as they are not indicating an upward push that may happen over the next few days or weeks. Not Much To Look Forward To For Hedera? According to latest tracking from Coingecko, at the time of this writing, HBAR is trading at $0.0482 and is dangerously close to the lowest level it has been this year. The crypto has lost 2.7% of its value during the previous seven days and its bi-weekly gains only stand at 3.3%, although it managed to increase its market capitalization by $40 million over the last 24 hours and now has $1.20 billion in overal... read More

Bitcoin Price Consolidates Near $17K: What Could Trigger A Fresh Increas...

    Bitcoin price started a downside correction from the $17,500 resistance. BTC is trading above the $16,800 support and might start a fresh increase. Bitcoin tested the $16,800 support zone and traded as low as $16,888. The price is trading near $17,000 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $17,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $16,800 support to start a fresh increase. Bitcoin Price Holds Key Support Bitcoin price attempted another increase above the $17,500 resistance zone. However, BTC failed to gain strength above the $17,400 level. A high was formed near $17,440 before there was a downside correction. There was a move below the $17,200 support zone and the 100 hourly simple moving average. However, the bulls were active above the $16,800 support zone. A low was formed near $16,888 and the price is now consolidating losses. There was a minor increase above the $17,000 level. Bitcoin price is now trading near $17,000 and the 100 hourly simple moving average. Besides, there was a break above the 23.6% Fib retracement level of the recent drop from the $17,440 swing high to $16,888 low. There was also a break above a key contracting triangle with resistance near $17,000 on the hourly chart of the BTC/USD pair. On the upside, an immediate resistance is near the $17,170 level. It is near the 50% Fib retracement level of the recent drop from ... read More

Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Strai...

    Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-week high. This comes as cryptocurrency markets were marginally higher, following Friday's volatile session. Monero was also higher on Saturday, as the token extended its recent gains for a fifth consecutive day.Quant (QNT) Quant (QNT) was trading near a multi-week high on Saturday, as prices rallied above a notable resistance point. QNT/USD rose to an intraday high of $131.95 to start the weekend, less than a day after it fell to a bottom of $121.95. This surge in price pushed quant towards its highest point since Nov. 9, when price was trading at $150.60. Looking at the chart, today's rally came as the token moved beyond a resistance at the $125.00 mark. In addition to this, the 14-day relative strength index (RSI) is tracking at its strongest point since October 26, with a reading of 54.85. Although this is below a resistance of 55.00, many expect QNT to move beyond this over the weekend, with price moving towards $140.00. Monero (XMR) Monero (XMR) was another notable gainer on Saturday, as prices edged closer to a key ceiling. Following a low of $143.30 in yesterday's session, XMR/USD moved to a peak of $148.19 earlier today. This saw monero hover close to a resistance point of $150.00, as bulls attempt to recapture a recent three-and-a-half-week high. As can be seen from the chart, XMR hit a three-week high on Thursday, when price traded at a top of $159.45. Overall, the toke... read More

Bitcoin Could Usher In December Near $18,000 If It Moves Past This Resis...

    Bitcoin's price increases have brought some sunshine to the cryptocurrency sector. Each of CoinGecko's three timeframes—daily, weekly, and biweekly—showed BTC in a positive light. This is fantastic news for the cryptocurrency market as a whole, as BTC is the dominant currency in the sector. Here's a quick glance at how Bitcoin is performing of late: Optimistic market movement and surprising investor buying The technical indicators reveal a range of possible outcomes, some bullish and some bearish, but bears are still there There will be no significant price hike this next week. Next year could see a break of the $17,500 barrier It is clear to some that Bitcoin is growing in popularity, as today's transaction volume reached as much as $7.12 billion. Forecast: Bitcoin At $18,000 The $17,000 mark has been mentioned as a key level by several credible Twitter analysts. Recently, Michael Poppe has presented a study predicting that Bitcoin will hit or soar to over $18,000. And yet, is it possible that Bitcoin might reach these heights by December? As they say, anything can happen in crypto. The leading cryptocurrency's relative strength index (RSI) is in the overbought upper half, suggesting a possible pullback. So far, so good on #Bitcoin. Would be nice to hold the previous level of resistance for support (around $16.6K) and then continue towards $18.3K for a good run. — Michaël van de Poppe (@CryptoMichNL) November 30, 2022 The... read More

Biggest Movers: LTC Nears 6-Month High, as Near Rebounds From Recent Low...

    Litecoin has been a notable mover on Nov. 30, as the token edged closer to a recent six month high. Following yesterday's gains, cryptocurrency prices remained in the green on Wednesday, with the global market capitalization up 2.07% as of writing this. Near protocol also surged today, as prices rebounded from recent lows.Litecoin Litecoin (LTC) moved closer to a six month high on Wednesday, as the token rose for a second straight session. LTC/USD rallied to an intraday high of $79.73 earlier in today's session, less than 24-hours after trading at a low of $75.21. The move saw LTC climb to its highest point since last Wednesday, when the token hit a high of $83.43. This was the strongest point litecoin was trading at since May 10, and comes as the relative strength index (RSI) rebounded from a recent floor. As of writing this, the index is currently tracking at 65.48, which is above a support point of 61.45. Earlier gains have somewhat eased, with LTC now trading at $78.04. Despite this, bulls likely will still be targeting a move above $80.00. Near Protocol Near protocol (NEAR) was another notable gainer on Wednesday, as prices continued to move away from recent lows. Following a low of $1.59 on Tuesday, NEAR/USD surged to an intraday high of $1.73 earlier today. As a result of this, near protocol moved away from its long-term support point of $1.50, and is now nearing a resistance point of $1.75. Looking at the chart, the RSI is now hovering slightly above a ceiling of 3... read More

Bitcoin Bottom Is Near, But A Drop To This Level Is Possible, Renowned A...

    After Bitcoin failed to sustainably overcome the important resistance at $16,600 within the last five days, the price saw a renewed pullback a few hours ago. A week ago, on November 21, the BTC price fell to a new bear market low of $15,480, after which the price saw a spike, which, however, came to an abrupt end, questioning the strength of the bulls. At press time, BTC was trading at $16.195 and initially found support at $16.050. If the closest resistance at $16.310 does not turn back into support, a retest of the current bear market low could be on the cards. Bitcoin price in the 1-hour-chart. Bitcoin Bottom Still Not In? Meanwhile, well-known on-chain analyst Willy Woo has told his 1 million followers that a Bitcoin bottom could be near. The analyst is using three on-chain data models to come to this conclusion. As Woo writes, the CVDD floor price is currently being tested. The model examines alternatives to the market price. Dashed lines mean the model is purely technical, meaning it uses only the market price as an input. Solid lines include metrics that come from the blockchain, meaning they include investor, network, and user behavior fundamentals. Ultimately, the model created by Woo in April 2019 uses the age and value of Bitcoin moving to new investors to create a floor. Woo's theory: 'When significantly old coins (say bought at $100) pass to new investors (say at $16k), the market perceives a higher floor.' Currently, the model with a proven track record is sho... read More

CoinList Breaks Silence, Assures Users it Is Not Near Bankruptcy

    Crypto exchange CoinList said it is not near bankruptcy as it addressed the ongoing FUD. It added that it is not insolvent or illiquid and is just experiencing technical issues affecting deposits and withdrawals. The platform dismissed the rumors on Twitter after users reported difficulties with fund withdrawals for over a week and said the event was purely a technical issue, not a liquidity crunch. CoinList's Official Statement CoinList, which also serves as the biggest crypto platform for crowdfunding, revealed that it is upgrading its internal ledger systems and migrating wallet addresses involving multiple custodians. The move is expected to enhance its product and service offering while maintaining compliance. Without mentioning any names, CoinList further added that the hold-up in crypto withdrawals was due to maintenance conducted by one of its custody partners, which faced an outage. 'As with any big undertaking, there are bumps along the way. Custodian issues mean some tokens are taking longer than anticipated to migrate (ROSE, CFG, FLOW, MINA). One of our custodians had an outage yesterday unrelated to the migration that impacted many tokens on CoinList.' It was Chinese crypto reporter Colin Wu who revealed earlier that 'some community members' using CoinList were 'unable to withdraw for over a week due to maintenance.' Over the past several weeks, halting withdrawals have become an ominous sign of insolvency. Hence, the news was enough to instill fear among users o... read More

These Bitcoin Metrics Signal A Capitulation Event Is Near

    Several metrics currently suggest that the Bitcoin price is finally finding its bottom after another capitulation event, possibly triggered by the Genesis/ DCG/ Grayscale saga. This final miner capitulation may be imminent as miners are selling their BTC at the fastest rate since early 2016. In light of the new bear market low, some Bitcoin miners are currently going through arguably the most difficult time ever. The BTC price fell to a new bear market low yesterday at $15,478, putting it in no-man's land. At the time of writing, Bitcoin was trading just above the low, at $15,678. Bitcoin trading near yesterday's new bear market low. According to Charles Edwards, founder of the Capriole Fund, selling pressure among BTC miners has skyrocketed 400% in the last three weeks. As a result, a ' Bitcoin miner bloodbath' is currently playing out. Miners are selling their Bitcoins more aggressively than they have in seven years. 'If the price doesn't go up soon, a lot of bitcoin miners are going to give up,' the fund manager stated, adding: What we are currently seeing is not sustainable. Mine-and-hodl is not a viable strategy as a bitcoin miner. Miners are paying the consequences of the 'never sell' arrogance that was prevalent just 6 months ago. They need to constantly manage (trade) their bitcoin position in this market. Bitcoin miner capitulation incoming. Source: Twitter Data from Glassnode backs up Edwards' claims. They show that miners' total balances fell to a 10-month low thi... read More

Biggest Movers: NEAR Slips to 16-Month Bottom, ALGO Over 11% Lower on Mo...

    Near protocol fell to its lowest level in over sixteen months, as bearish pressure intensified on Nov. 21. Overall, cryptocurrencies started the week trading lower, following increased speculation on a prolonged market crash. Algorand was another notable token to fall, dropping by over 11% today.Near Protocol (NEAR) Near protocol (NEAR) dropped to its lowest level in over one year, as the token extended recent declines. NEAR/USD fell to a low of $1.50 on Monday, slipping for a sixth straight session in the process. This drop in price has seen NEAR move to its weakest point since July 20 last year, and it has since settled on its floor of $1.50. Looking at the chart, prices have since rebounded from the point of support, and as of writing the token is trading at $1.55. On the other hand, the 14-day relative strength index (RSI) was unable to remain above its floor of 24.50, and is currently tracking at 22.85. In order for NEAR to move further away from the $1.50 point, we will likely need to see the index climb closer to a reading of 25.00. Algorand (ALGO) Algorand (ALGO) was another notable mover to start the week, with prices dropping by over 11% in today’s session. Following a high of $0.2855 over the weekend, ALGO/USD moved to an intraday low of $0.2452 on Monday. The move saw the token fall below a key support point of $0.25, as bears seem to be pushing price to a floor of $0.24. Looking at the chart, the RSI is hovering at a floor of its own at 38.20, which seem... read More

NEAR Faces Resistance In Attempt To Breach $2 Level As Bears Block Its W...

    Altcoins like NEAR have experienced a similar slump in value as the major cryptocurrencies during the previous several days. Cryptocurrency price index Coingecko reports that NEAR's price is currently bearish, reflecting the general market sentiment. At the time of writing, the token was trading at $1.8515, below the key psychological $2 zone. Major investors' loss of faith in cryptocurrencies following the FTX debacle has contributed to the current gloomy sentiment on the cryptocurrency market. Because of this, other markets where traders with FTX positions also suffered catastrophic losses. Recent research indicates NEAR has a neutral outlook, suggesting the token's futures interest is bullish. However, the token's bearish break below $2 may be indicative of more market weakness. Negative Mood For NEAR Although past performance is not a guarantee of future results, it does influence traders' and investors' perceptions of an asset's value. NEAR is experiencing exactly this, as the market structure is extremely negative at the moment. The coin's RSI readings are also not encouraging. After a moment of hesitation, it reversed its neutral stance. Since October 31st, the Chaikin money flow indicator has likewise been consistently showing a downward trend, falling below the neutral band. It has been made much worse by recent occurrences in the cryptospace. As of this writing, the indicator is -0.23, suggesting that bears are now in charge of the market. Bollinger bands indi... read More

Ethereum Price Near Make-or-Break Levels, Can ETH Start Steady Recovery

    Ethereum started a recovery wave above the $1,210 level against the US Dollar. ETH must clear $1,260 and the 100 hourly SMA to start a decent recovery wave. Ethereum started a recovery wave above the $1,200 and $1,220 levels. The price is now trading below $1,280 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now struggling to clear the $1,260 resistance and the 100 hourly simple moving average. Ethereum Price Near Key Juncture Ethereum reacted to the downside after it failed to clear $1,300, similar to bitcoin. ETH traded below the $1,220 support level and settled below the 100 hourly simple moving average. It even spiked below $1,200 and traded as low as $1,170. Recently, there was an upside correction above the $1,200 and $1,220 levels. Ether price climbed above the 23.6% Fib retracement level of the recent decline from the $1,348 swing high to $1,170 low. Ether price is now trading below $1,280 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,260 level. There is also a key bearish trend line forming with resistance near $1,260 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the recent decline from the $1,348 swing high to $1,170 low. The next major resistance is near the $1,300 level. A clear break above the $1,300 resistance could set the pace for a decent... read More

257 Economists Say Global Recession Is Near, US Trade Restrictions Again...

    According to 257 economists polled by Reuters, the global economy is approaching a recession, but 70% of the survey’s participants believe the chances of a sharp rise in unemployment levels will be low. The poll follows the Biden administration and the U.S. Commerce Department issuing a package of trade restrictions against China’s relationship with the semiconductor industry. The tensions between the U.S. and China have given observers reason to believe that China could invade Taiwan in the near future. Accounts stemming from the 20th Communist Party Congress (CCP) conference note that Xi Jinping reportedly discussed completing the country’s control over Hong Kong and “Taiwan is next.”Polled Economists Believe Global Economy Draws Closer to a Recession, Rabobank Market Analyst Says It's 'Pretty Much a No-Brainer' The world’s economy looks gloomy following the aftermath of the Covid-19 pandemic response, and the recent tensions between major nation-states. On a global level, inflation has skyrocketed in every country and rising energy costs tied to financial sanctions and the ongoing Ukraine-Russia war have made things a lot worse. On October 25, Reuters, the news agency owned by Thomson Reuters, published a poll that consisted of 257 economists and a majority of the individuals believe the global economy is approaching a recession. A global strategist at Rabobank, Michael Every, told Reuters that the 'risk of a global recession' is at the ... read More

NEAR Halts USN Minting Due to $40 Million Undercollateralization

    As one of the more prominent networks, the NEAR protocol is a building block for many blockchain ecosystems. One of these is USN, a stablecoin built on top of NEAR in April and run independently by Decentral bank. In an effort to prevent a catastrophic collapse mirroring that of Terra earlier this year, Decentral Bank implemented safeguards that would sound the alarm should there be a danger of undercollateralization. Protection Program Activated Unfortunately, the alarm was sounded on the 24th of October, warning devs that approximately 40 million USN were currently in circulation without being backed by funds held in USN vaults. Early warning signs were visible as far back as spring but were reportedly not strong enough to warrant the decisive action taken now. “In spring 2022, risk of undercollateralization did in fact materialize, resulting in a collateral gap or shortfall of approximately $10M growing to $21M as of now, considering that ~5M NEAR were left in the reserves and kept falling in price.” In response to a recent issue with USN, the @NEARFoundation is funding a protection Programme to safeguard USN holders. More details below — NEAR Protocol | Create Without Limits (@NEARProtocol) October 24, 2022 As a result, the team at the NEAR Foundation decided to implement a protection program to save the stablecoin and protect consumers from the fallout. It consists of a cash injection to bring the stablecoin back to full collat... read More

Near Protocol Loses $3 As Holders Sweat Over Price, Is There One Last Tr...

    NEAR's price struggles to hold above key resistance as price trends in a falling wedge price could break the downtrend.  NEAR continues to struggle as price clings to resistance in a bid to reclaim the region. The price of NEAR continues a downtrend price movement in a descending wedge as the price could pull out a surprise below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe.  For some weeks now, the price of Near Protocol (NEAR) has looked as if the price has lost its steam to rally against tether (USDT) as the price has remained in a range-bound movement with little or no volume to rally. Despite the uncertainty that has befallen the crypto market in recent weeks, as the price of Bitcoin (BTC) and other crypto assets such as Ethereum (ETH) have seen a slight setback in their price movement, the price of NEAR has shown little or no volatility in its price movement as many fear if NEAR can reclaim key support at $3. (Data from Binance) Near Protocol (NEAR) Price Analysis On The Weekly Chart. The bear market hasn't been good and favorable for most projects, as this has been a tough time as most projects have seen a price decline of over 50% and have discouraged most traders and investors from hodling these assets.   Despite huge backing from great partnerships and a huge community that has continued to build and grow, the price of NEAR has not reflected all of this great development. The early part of the year saw some great price a... read More

Biggest Movers: XMR Moves to 10-Day High, AAVE Remains Near 5-Week Peak

    Monero raced to its highest point in ten days, as the token moved past a key resistance level on Wednesday. Today's move sees the token rise higher for a fourth consecutive day, following a rebound from its long-term floor. Aave was also in the green, as it remained close to a five-week peak.Monero (XMR) Despite cryptocurrency markets mostly trading lower on Wednesday, monero (XMR) was one of the exceptions, as it extended recent gains. XMR/USD surged to an intraday peak of $148.46 earlier in today's session, which comes less than 24 hours after it was trading at a low of $145.41. Today's move sees monero in the green for the fourth straight session, resulting in prices hitting their highest point since October 9. Looking at the chart, hump day's peak came following a breakout of a key resistance point of $147.00. Another key observation can be seen from the 14-day relative strength index (RSI), which also moved past a ceiling of its own, at 52.75. As of writing, the index is tracking at 53.88, which is its highest point since September 12. Aave (AAVE) Aave (AAVE) continued to trade near a multi-week high in today's session, as the token remained near its recent ceiling. Following a move to a five-week high of $83.33 on Tuesday, AAVE/USD hit a peak of $83.19 earlier today. Yesterday's high saw the token marginally break out of a resistance level of $83.30, with bulls attempting to stay close to this point today. Bullish sentiment remains high, as the 10-day (red), and 25-d... read More

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