|All Time High:|
|Market Cap: |
|The price of #NEAR today is $3.62 USD.|
The lowest NEAR price for this period was $0, the highest was $3.62, and the current live price for one NEAR coin is $3.62041.
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 1.9 years old.
|The current market capitalization for NEAR Protocol is $2,888,603,268.|
NEAR Protocol is ranked #25 out of all coins, by market cap (and other factors).
|There is a very large daily trading volume on #NEAR.|
Today's 24-hour trading volume across all exchanges for NEAR Protocol is $166,950,355.
|The circulating supply of NEAR is 797,866,325 coins, which is 80% of the maximum coin supply.|
NEARCON 2022 is at full tilt here in the gorgeous city of Lisbon, where the NEAR ecosystem is on full display, with over 2,000 people in attendance. With a distinct carnival atmosphere, NEARCON has been a vibrant, interactive showcase of the ecosystem’s diverse and inspiring talent and creativity. Beyond the myriad of engaging talks and projects demos, there have also been parties, an IRL hackathon, food trucks from around the world, and much more NEARCON has also seen a bevy of exciting announcements, including some new ecosystem funds, a major Nightshade sharding milestone, and more. Let’s take a quick look at everything that is new on NEAR from NEARCON. A number of other announcements will be rolling out over the course of NEARCON, so stay tuned for those tomorrow. — Switchboard Brings Permissionless Oracle Protocol to NEAR - Switchboard Labs launches its permissionless, customizable oracle devnet implementation on NEAR Protocol. The protocol allows developers to build general-purpose data feeds such as price, sports or weather data, opening up a world of new possibilities for developers. Being a permissionless oracle protocol, Switchboard allows a developer to build their own data feed within minutes and have complete customizability, and management over their own feeds. — NearPay brings debit cards creating another bridge between crypto and IRL - NearPay, the bridge between the fiat and crypto world has taken another step forward in helping users access their crypto wherever they are with the launch of a physical debit card. A virtual card is already working in the EU and the UK, and the physical card is due to start delivery during the autumn. On top of that, the NearPay team has plans to expand into the US and Asia over the next 12 months. — Pagoda launches flagship product for dApp developers on NEAR - Pagoda, the easiest Web3 startup platform and a major contributor to the NEAR Protocol, announced today the launch of their flagship developer product. The Pagoda Console provides a robust set of integrated tools to streamline the dApp development experience from a single place. Pagoda supercharges existing dApps built on NEAR and accelerates the development of new NEAR dApps. Developers, innovators, and founders are empowered with a comprehensive toolset to build, deploy, improve, manage, test, monitor, analyze and interact with their dApps. — Regional Hubs Launch in India and Vietnam - At NEARCON, not one but two regional hubs were announced: India and Vietnam. The regional hub in India is dedicated to blockchain talent development and innovation. NEAR’s involvement in the country aims to move the dial towards a sustainable and inclusive approach to blockchain development, and a strong group of potential emerging leaders already exists in the region. In Vietnam, meanwhile, NEAR has partnered with premier venture capital fund GFS Ventures to launch a hub dedicated to ongoing blockchain innovation, education and talent development throughout the region. Vietnam’s digital economy is booming with the pandemic seeing eight million new digital consumers and a doubling of new startups in the country. The nation is actively promoting digital transformation and development and also ranks 5th out of 154 countries in the Global Cryptocurrency Acceptance Index. However, Vietnam tops global rankings when it comes to the percentage of crypto ownership, as one in five of its people (or 20.3 per cent) own crypto. — Fayyr Launches First NFT Marketplace on NEAR for Social Impact Organizations - Fayyr provides a unique online marketplace for users to support social impact causes and artists at the same time. Artists upload their creations to Fayyr and earmark a percentage of the proceeds support an impact organization of their choosing. Founded by a professor and two students from the University of Waterloo, Fayyr’s vision is to empower global participation in an environment that supports social good using emerging blockchain technology. The team at Fayyr is addressing a gap in the current NFT market by providing a space for charities, non-profits, and social impact organizations to participate in the crypto space through donations from NFT purchases. — NEAR to Form Community Working Group on Ecosystem Governance (NDC) - NEAR is thrilled to be reaching a new milestone on the road to decentralization by creating a new framework for an ecosystem-wide self-governance treasury called the NEAR Digital Collective (NDC). The purpose of the NDC is to shift decision-making to the blockchain itself, making the NEAR community more resilient, transparent, and fair. This working group will be led and shaped by the NEAR community and will take the next steps necessary to launch and implement the NDC framework. This process, now being launched, aims to serve as a model for the wider Web3 ecosystem for the creation and implementation of truly decentralized, on-chain governance. — Sustainable Learn2Earn with “Coinbase Earn” - Along with being the world’s leading blockchain for developers, with its low fees, high speeds, and infinite scalability, NEAR has always championed the importance of education and sustainability in its mission toward mass adoption of Web3. Now, in a new, exciting partnership with Coinbase, one of the world’s largest digital currency exchanges, those values will take center stage in Coinbase Earn, a new program aimed at educating users about NEAR and the utility of its native token. The program will be funded through NEAR staking rewards — a first-of-its-kind, sustainable approach to help users learn about the tokenomics of the NEAR ecosystem, and what makes NEAR the best entry point to Web3. — Women Make Web3 - Inclusion and accessibility are at the heart of NEAR Foundation’s mission. Partnering with Forkast, a global digital media platform focused on Web3, NEAR is thrilled to unveil the winners of the inaugural Women in Web3 Changemakers. In total 1,167 votes were tallied for 180 nominations. Of the nominees, eleven were selected (ten + one tie) and it will be a joy to honor them publicly at NEARCON. Here are the names of the 2022 Changemakers listed in alphabetical order: Amy Soon, Founder, Blu3 DAO, Bianca Lopes, Identity Advocate and Investor, Deborah Ojengbede, CEO, AFEN Blockchain, Erikan Obotetukudo, Founder and General Partner, Audacity, Lauren Ingram, Founder, Women of Web3, Medha Parlikar, Co-founder, Casperlabs, Oluchi Enebeli, Nigeria’s first female blockchain engineer, founder Web3Ladies, Sian Morson, Founder and Editor of TheBlkChain, Tammy Kahn, Co-founder and Co-CEO of FYEO, Tricia Wang, Co-founder and lead Crypto Research and Design Lab (CRADL) at CISA, Wendy Diamond, Web3 Impact Investor, LDP Ventures, CEO/Founder Women’s Entrepreneurship Day Organization (WEDO)/#ChooseWOMEN, CEO of NEAR Foundation Marieke Flament said: “Together we can inspire one another, become each other’s role models and level the playing field for the next generation of women.” Selected by public vote, these extraordinary and diverse women hail from all corners of the globe. They are founders, investors, CEOs, engineers, and so much more. “This inaugural list of these incredible eleven Changemakers,” writes Angie Lau, CEO, editor-in-chief, and co-founder of Forkast, “celebrates the trajectory of our collective story. We can’t wait to tell their stories, and share them with the world.” — Tether Finds a New Home at NEAR - NEAR Foundation is excited to announce a new and important partnership with Tether (“USD₮”). The addition of Tether to NEAR’s rapidly growing ecosystem is a major moment for both parties and will be crucial to an increasing presence in DeFi ecosystems. “We’re excited to launch USD₮ on NEAR, offering its community access to the first, most stable, and trusted stablecoin in the digital token space,” says Paolo Ardoino, CTO at Tether Operations Limited. Marieke Flament, CEO of NEAR Foundation, adds “We look forward to seeing what Tether will achieve with the launch of USD₮ and the vital role it will play in shaping the future of finance and the digital economy.” For more information on how the stablecoin works, head over to Tether. — NEAR Foundation announces partnership with Few and Far to grow the NEAR NFT ecosystem - Few and Far, the next-generation NFT marketplace built on NEAR Protocol, has been awarded a grant by the NEAR Foundation — and a partnership to significantly increase the advancement of NFTs across the ecosystem. “We are thrilled to support Few and Far’s mission to provide seamless NFT minting solutions and an easy-to-use marketplace for the NEAR ecosystem and beyond,” says Robbie Lim, GM, Partners & International at NEAR. “The NEAR Foundation embraces the digital asset revolution and the importance of laying the foundations for web3 gaming, the metaverse economy, and much more.” — Nightshade Sharding Phase 1 is live - On NEARCON Day 1, there was some major Nightshade sharding news. Pagoda, the Web3 startup platform and contributor to NEAR Protocol, announced the launch of Sharding Phase 1 — a major technical milestone that increases the number of validators, improves decentralization, and bolsters the network’s resilience. This is great news for anyone building or creating on NEAR, the network for creating without limits. Sharding Phase 1 is a significant step toward network decentralization and scaling capacity toward billions of transactions. And it will do this without any disruptions for developers, entrepreneurs, end users, and token holders. This launch is the second part of a four-phase plan to implement Nightshade, a novel sharding design that enables an almost infinitely automated scalable blockchain. Phase 1 follows less than a year from the launch of Phase 0, which marked the very beginning of sharding on the NEAR network. Pagoda said Nightshade’s subsequent phases are expected to be complete in 2023. — NEAR and Caerus launch a fund for creators - NEAR Foundation also had some exciting news for creators. The Foundation announced a new strategic partnership with Caerus, a recently launched investment firm, to help revolutionize how Web3 intersects with culture and entertainment. The partnership will see the creation of a $100M venture capital fund to support the development of next-generation platforms, marketplaces, and apps that showcase a range of creators, talent, IP owners and their communities. The Venture Lab, the partnership’s first investment, will be an incubator for creators and IP owners to build and launch projects. “We’re yet to imagine the plethora of use cases for how Web3 technologies will change how culture is experienced, entertainment is consumed, and value is distributed,” said Nathan Pillai, an executive at IMG/Endeavor. “And that was the genesis of Caerus: to be a catalyst for innovation that unleash projects in sport, music, film, TV, fashion, art and gaming which offer greater equity for all.” NEARCON Highlights was originally published in NEAR Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
NEAR Foundation Transparency Report
With this report, the NEAR Foundation would like to expand the consistent and frequent communication with the NEAR community, to contribute to the long-term health and viability of the ecosystem. As a result, the Foundation is publishing its first transparency report and committing to quarterly reports moving forward. The purpose of the Foundation, per its articles of incorporation is promoting and developing new technologies and applications, especially in the fields of open and decentralized software architectures, to enable innovation to benefit people around the world. A dominating but not exclusive focus is set on the promotion and development of the NEAR Protocol and related technologies as well as the promotion and support of applications using the NEAR Protocol. To deliver on its purpose, the Foundation is organised around 3 core areas of focus awareness, support and governance. Below the Foundation shares details of how it allocated funding in Q4 2021 and Q1 + Q2 of 2022. This will include the rationale for these decisions and insight into future plans. In totality, the Foundation deployed $540M in fiat and tokens during these three quarters. The allocation of these funds has helped the ecosystem while it grew at an unprecedented rate. The number of accounts on the NEAR Protocol has grown from 1.1 million at the beginning of 2022 to 15.6 million accounts at the end of Q2., The number of weekly active developers deploying on mainnet has grown from 250 to 1,500 per week., DAOs have surged from 50 to 700 and the number of projects deployed on NEAR has increased from 100 to 750., — The NEAR Foundation in Q4 2021 - In Q4 of 2021, the NEAR Foundation announced the launch of an $800 million ecosystem fund. The fund was to be split into four broad groups: $350M — Proximity DeFi Grants — to help projects in the space of financial innovation within the NEAR Ecosystem., $250M — Foundation Grants — to support projects building on NEAR, through direct investment and grants., $100M — Startup Funds — to decentralize capital deployment into dedicated investment funds within the ecosystem., $100M — Regional Funds — to establish physical hubs in key regions around the world to provide a local presence., The below goes into further detail about how much was allocated, how much was committed and what projects were included in the allocation. — Proximity DeFi Grants - Allocation: $350 million Committed: $350 million Why DeFi? DeFi is one of the cornerstones of a healthy blockchain ecosystem. The provision of financial products and services helps users learn the tools necessary to safely navigate a Web3 ecosystem, as well as drive innovation. DeFi helps other projects grow by facilitating quick, safe, and easy ways to move and swap currencies in and out of projects as they see fit. While the Foundation cannot deploy DeFi primitives itself, it can help support the creation of funds that can. Proximity forms that function inside the NEAR ecosystem. Proximity is a research and development firm supporting projects building decentralized finance (DeFi) applications on NEAR and Aurora through grants, advisory services, and developer support. Proximity’s allocation decisions are independent of the Foundation. — Ecosystem Grants - Allocation: $250 million Committed: $133 million Foundation Grants cover a broad range of investments from grant allocation to direct investment and are primarily focused on the following verticals: Infrastructure & Integrations, Gaming & Entertainment, NFTs, and DAOs. The Foundation has come up with specific strategies and has deployed capital within each vertical. Infrastructure and Integrations — Infrastructure is a catch all term for key parts of the ecosystem that are needed to help unlock mass adoption. These include things like wallets, bridges, oracles, zk technologies, privacy tools, and improved tools for developers. Integrations with the NEAR network are crucial to bring more users into web3. The following partnerships have been instrumental in accelerating NEAR’s connection with the rest of web3., Key projects: Aurora, Pagoda, Calimero, Switchboard, Octopus, Brave, Coinbase Earn, BitGo, USDT, Fireblocks, Token Terminal, Copper, Gaming / Entertainment — The web3 gaming space is still wide open. The first iteration of web3 games proved consumer demand. Now, there is room to iterate on long-term sustainable models, introduce permissionless composability, and create new forms of NFTs in addition to games that are primarily or even fully on-chain., Key projects: Armored Kingdom, SWEAT, Endlesss, Niche, playEmber, eFuse, NFTs — NFTs on NEAR is a large and extremely important opportunity in which NEAR has a unique tech advantage as NEAR NFTs are applications that are programmable. NEAR has a chance to be the first mover in true, long-term, sustainable and unique NFT use cases., Key projects: Few & Far, Mintbase, Paras, Seatlab, Stack Sports, DAOs — We believe NEAR has the strongest no-code, easy to use, DAO tech stack that is already helping to decentrally govern key ecosystems and hundreds of millions of dollars. We will facilitate DAO use cases in investing, gaming, NFTs, sustainability, and science., Key projects: AstroDAO, OrangeDAO, SailGP, Flamingo DAO, Unchain Fund, — Startup Funds - Allocation: $100 million Committed: $18 million The Foundation does not believe it should be the sole distributor of capital to developers and entrepreneurs. Decisions should not be made in a vacuum with just one centralized organization. In order to further decentralize capital deployment, the Foundation has allocated grant funds to MetaWeb, MOVE Capital, Stealth Capital, Open Web Collective who are focused on funding projects of the NEAR Ecosystem, each with their own thesis. The Foundation has committed $18 million thus far to these funds that have subsequently made 50+ allocations into NEAR ecosystem projects. MetaWeb, another NEAR native investment fund, has raised $30m from Sequoia, in addition to NF. MetaWeb have made 33 investments to date, including Niche, Orderly, Above.Land, and Sender Wallet., MOVE Capital is a NEAR native investment fund that has raised $13m from Accomplice and DCG, in addition to NF. MOVE has made 15 investments to date, including Tonic, Calimero, Few & Far, and Sweatcoin., Stealth Capital is an investment fund for founders, and brings a wealth of experience supporting the development of projects on Solana and Polygon, as well as NEAR., Open Web Collective is a blockchain accelerator and investor backing the builders of the multi-chain, decentralized web. Open Web Collective’s approach to supporting founders is hands-on, user-centric, and analytical., In addition to these, additional funds will be announced in the coming months, focused on specific verticals such as Sustainability, Sports & Entertainment, and Web2 → Web3. Collectively the NEAR Foundation believes these funds will help realize its vision of bringing a billion users to Web3 in a healthier, more decentralized way. — Regional Hubs - Allocation: $100 million Committed: $33 million To be global, we have to be local. As part of NEAR’s ambition to reach a billion people, the Foundation believes we need hubs around the world to connect with people where they are — with local events, in local languages, to find the best people wherever they are and forging partnerships with local organizations. The NEAR Foundation has outlined seven regional hubs as part of its roadmap. So far, three have launched: Ukraine Hub (in exile in Lisbon), Kenya Hub (Sankore), Balkans Hub, In addition to these hubs, the Foundation will soon be announcing Vietnam and Indiahubs and will be launching additional hubs in South Korea and the US. The Foundation has chosen these locations based on a variety of factors, including web3 adoption, # of developers, regulatory environments, and available capital. Funding, Treasury & Decentralisation In addition, the NEAR Foundation has received $560m from the following key backers: Tiger Capital, FTX, a16z, Circle, Dragon Fly, and many others. The Foundation has been very conservative in how the funds have been managed. Exposure to non-NEAR assets has been limited, with over $0.5b of funds raised held in fiat in Swiss bank accounts. This strategy helps ensure that the Foundation maintains sufficient resources throughout the market downturn. This approach has left the Foundation in an extremely strong position to continue to distribute funds to high quality projects for the foreseeable future. The Foundation is on a continued decentralization journey, and as part of this mandate working on its promise to put tokens in the hands of the community. The community has come together in response to Illia’s talk from ECC in Paris to implement an ecosystem-wide self-governance treasury called the NEAR Digital Collective (NDC). The purpose of the NDC is to further decentralize NEAR’s ecosystem governance, distribute more of the Foundation’s token holdings to the community and move decision-making on-chain in order to make our community more resilient, transparent, and fair. A Community Working Group is now forming to take the next steps to launch and implement the NDC framework. This process is led and shaped by the community. Building better, sustainable self-governance at a global level starts with the community. Every voice matters and we believe the process now being launched can serve as a model approach across Web3 for the creation and implementation of truly decentralized, on-chain governance. — The Road Ahead - NEAR’s mission is to: Remove every barrier for Web3 creators, by creating an ecosystem that is uniquely simple, safe, scalable and sustainable. The NEAR Foundation is committed to this mission. We will continue to support the ecosystem, drive awareness to NEAR and web3, and continue to educate regulators around the world. The Foundational will continue to invest and deploy capital in the key verticals mentioned above: infrastructure, integrations, gaming / entertainment, NFTs, and DAOs In addition, the Foundation will continue to decentralize and deploy capital into additional ecosystem funds and regional hubs that are dedicated to the ongoing health of the NEAR ecosystem. As part of this journey, we are also committing to releasing quarterly transparency reports moving forward to show the NEAR community where capital is deployed and why. This will also include performance of the largest investments, grants, funds, and hubs For any questions or feedback, please reach out to email@example.com. All of these efforts are to allow you to create without limits. We believe in a world where creativity is no longer held back by technology. A world without limits. Thank you! NEAR Foundation Transparency Report was originally published in NEAR Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
NEAR and Circle Announce USDC Support for Multi-Chain Ecosystem
NEARCON 2022: Highlights, Talks and Videos
September 12, 2022 — Matt Hussey NEARCON 2022 is at full tilt here in the gorgeous city of Lisbon, where the NEAR ecosystem is on full display, with over 2,000 people in attendance. With a distinct carnival atmosphere, NEARCON has been a vibrant, interactive showcase of the ecosystem’s diverse and inspiring talent and creativity. Beyond the myriad of engaging talks and projects demos, there have also been parties, an IRL hackathon, food trucks from around the world, and much more NEARCON has also seen a bevy of exciting announcements, including some new ecosystem funds, a major Nightshade sharding milestone, and more. Let’s take a quick look at everything that is new on NEAR from NEARCON. A number of other announcements will be rolling out over the course of NEARCON, so stay tuned for those tomorrow. — NEAR to Form Community Working Group on Ecosystem Governance (NDC) - NEAR is thrilled to be reaching a new milestone on the road to decentralization by creating a new framework for an ecosystem-wide self-governance treasury called the NEAR Digital Collective (NDC). The purpose of the NDC is to shift decision-making to the blockchain itself, making the NEAR community more resilient, transparent, and fair. This working group will be led and shaped by the NEAR community and will take the next steps necessary to launch and implement the NDC framework. This process, now being launched, aims to serve as a model for the wider Web3 ecosystem for the creation and implementation of truly decentralized, on-chain governance. — Sustainable Learn2Earn with “Coinbase Earn” - Along with being the world’s leading blockchain for developers, with its low fees, high speeds, and infinite scalability, NEAR has always championed the importance of education and sustainability in its mission toward mass adoption of Web3. Now, in a new, exciting partnership with Coinbase, one of the world’s largest digital currency exchanges, those values will take center stage in Coinbase Earn, a new program aimed at educating users about NEAR and the utility of its native token. The program will be funded through NEAR staking rewards-a first-of-its-kind, sustainable approach to help users learn about the tokenomics of the NEAR ecosystem, and what makes NEAR the best entry point to Web3. — Women Make Web3 - Inclusion and accessibility are at the heart of NEAR Foundation’s mission. Partnering with Forkast, a global digital media platform focused on Web3, NEAR is thrilled to unveil the winners of the inaugural Women in Web3 Changemakers. In total 1,167 votes were tallied for 180 nominations. Of the nominees, eleven were selected (ten + one tie) and it will be a joy to honor them publicly at NEARCON. Here are the names of the 2022 Changemakers listed in alphabetical order: Amy Soon, Founder, Blu3 DAO, Bianca Lopes, Identity Advocate and Investor, Deborah Ojengbede, CEO, AFEN Blockchain, Erikan Obotetukudo, Founder and General Partner, Audacity, Lauren Ingram, Founder, Women of Web3, Medha Parlikar, Co-founder, Casperlabs, Oluchi Enebeli, Nigeria’s first female blockchain engineer, founder Web3Ladies, Sian Morson, Founder and Editor of TheBlkChain, Tammy Kahn, Co-founder and Co-CEO of FYEO, Tricia Wang, Co-founder and lead Crypto Research and Design Lab (CRADL) at CISA, Wendy Diamond, Web3 Impact Investor, LDP Ventures, CEO/Founder Women’s Entrepreneurship Day Organization (WEDO)/#ChooseWOMEN, CEO of NEAR Foundation Marieke Flament said: “Together we can inspire one another, become each other’s role models and level the playing field for the next generation of women.” Selected by public vote, these extraordinary and diverse women hail from all corners of the globe. They are founders, investors, CEOs, engineers, and so much more. “This inaugural list of these incredible eleven Changemakers,” writes Angie Lau, CEO, editor-in-chief, and co-founder of Forkast, “celebrates the trajectory of our collective story. We can’t wait to tell their stories, and share them with the world.” — Tether Finds a New Home at NEAR - NEAR Foundation is excited to announce a new and important partnership with Tether (“USD₮”). The addition of Tether to NEAR’s rapidly growing ecosystem is a major moment for both parties and will be crucial to an increasing presence in DeFi ecosystems. “We’re excited to launch USD₮ on NEAR, offering its community access to the first, most stable, and trusted stablecoin in the digital token space,” says Paolo Ardoino, CTO at Tether Operations Limited. Marieke Flament, CEO of NEAR Foundation, adds “We look forward to seeing what Tether will achieve with the launch of USD₮ and the vital role it will play in shaping the future of finance and the digital economy.” For more information on how the stablecoin works, head over to Tether. — NEAR Foundation announces partnership with Few and Far to grow the NEAR NFT ecosystem - Few and Far, the next-generation NFT marketplace built on NEAR Protocol, has been awarded a grant by the NEAR Foundation — and a partnership to significantly increase the advancement of NFTs across the ecosystem. “We are thrilled to support Few and Far’s mission to provide seamless NFT minting solutions and an easy-to-use marketplace for the NEAR ecosystem and beyond,” says Robbie Lim, GM, Partners & International at NEAR. “The NEAR Foundation embraces the digital asset revolution and the importance of laying the foundations for web3 gaming, the metaverse economy, and much more.” — Nightshade Sharding Phase 1 is live - On NEARCON Day 1, there was some major Nightshade sharding news. Pagoda, the Web3 startup platform and contributor to NEAR Protocol, announced the launch of Sharding Phase 1-a major technical milestone that increases the number of validators, improves decentralization, and bolsters the network’s resilience. This is great news for anyone building or creating on NEAR, the network for creating without limits. Sharding Phase 1 is a significant step toward network decentralization and scaling capacity toward billions of transactions. And it will do this without any disruptions for developers, entrepreneurs, end users, and token holders. This launch is the second part of a four-phase plan to implement Nightshade, a novel sharding design that enables an almost infinitely automated scalable blockchain. Phase 1 follows less than a year from the launch of Phase 0, which marked the very beginning of sharding on the NEAR network. Pagoda said Nightshade’s subsequent phases are expected to be complete in 2023. — NEAR and Caerus launch a fund for creators - NEAR Foundation also had some exciting news for creators. The Foundation announced a new strategic partnership with Caerus, a recently launched investment firm, to help revolutionize how Web3 intersects with culture and entertainment. The partnership will see the creation of a $100M venture capital fund to support the development of next-generation platforms, marketplaces, and apps that showcase a range of creators, talent, IP owners and their communities. The Venture Lab, the partnership’s first investment, will be an incubator for creators and IP owners to build and launch projects. “We’re yet to imagine the plethora of use cases for how Web3 technologies will change how culture is experienced, entertainment is consumed, and value is distributed,” said Nathan Pillai, an executive at IMG/Endeavor. “And that was the genesis of Caerus: to be a catalyst for innovation that unleash projects in sport, music, film, TV, fashion, art and gaming which offer greater equity for all.” Stay tuned for more updates tomorrow! Originally published at near.org on September 12, 2022. NEARCON Highlights was originally published in NEAR Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hacking a New World with MetaBUILD III
Six months ago, NEAR wrapped up the MetaBUILD 2 hackathon just as the world shut down. New challenges emerged, both inside and outside the NEAR ecosystem. The crypto market itself was seemingly falling apart, and everyone was talking about the looming “Crypto winter”. It was clear that in order to continue, a new, creative approach would be necessary. NEAR was founded during some of the gloomiest times of the previous “Crypto winter”, so at least some of this was already familiar territory. In fact, NEAR’s resilient design was informed by the uncertainty in the markets surrounding its release. This resilience is not just evident in the technology, but it can also be seen throughout the ecosystem. To maintain the health of its vibrant community, NEAR focused the aim of its hackathons towards a broader, more ambitious journey for participants — what if these hackathons could foster each team from ideation all the way to forming a Web3 start-up with a market-ready product? — MetaBUILD III: A Bigger, Better Impact - MetaBUILD is considered one of the biggest hackathons in the blockchain community. With a $1 million in prizes pool, nearly 4,000 participants, and more than 350 submissions from across the world, it has helped realize ideas from streaming tokens to metaverse worlds. In fact, some of these winners will be featured at NEARCON in September, so the community can listen to their stories and learn from their challenges. This year, MetaBUILD III returns with its $1 million in prizes, with registrations opening today and submissions starting September 23rd. But participants should expect to see the hackathon’s format evolve. It’s shaping it up to become an 8-week product-oriented incubation program, hosted by Pagoda, focused on supporting teams beyond the prize money, towards securing funding, and producing a market-ready prototype. Here’s what else is new: Instead of the Welcome track (for newly created projects), a Web2 track will be established to help existing teams integrate NEAR blockchain into their current products., Only newly created or substantively modified projects are allowed to enter the Native track to ensure that participants are committed to remaining in the ecosystem even after they win. Proofs of concept projects built during NEARCON’s 48hs IRL hackathon are welcome to join MetaBUILD., Challenges instead of bounties: MetaBUILD III is looking for sustained product teams who understand their market and are committed to building solutions addressing some of the most pressing challenges of today: rising unemployment, the energy crisis, refugee crises, climate change, access to education and other resources, media censorship, etc., This shift in perspective centers on an understanding of how impactful $1 million could be in the right hands. It is not only about proving great ideas, but growing them as products that can make a long-term impact in the ecosystem and beyond! — Ways to MetaBUILD - Whether you are a solo hacker or an ecosystem partner, there are several ways to participate in MetaBUILD III: As a developer, Incubate your project from idea to an MVP in 8 weeks. Find some talented teammates, and win $20–60k to continue building. Learn more > As a non-technical person, Pivot your career into Web3, and join one of the teams as a designer, bizdev expert, product manager, or copywriter to build a winning project together. As a NEAR community member, Host a workshop, share your success story, or provide mentorship to participants. Learn more > As a Web3 company or VC, Spread the word about MetaBUILD in your community, apply to become a mentor or a judge, or host an IRL event to inspire and support the MetaBUILD community. Learn more > To help fuel the ideas for the next big wave in Web3, a whole educational program will be added to the incubation process: The Education team behind NEAR University will provide self-paced NEAR workshops., Team Docs will present their Zero to Hero tutorials to make sure the onboarding process is streamlined for everyone., The Pagoda team is already hosting monthly Developer Tooling meetings to demonstrate the features and capabilities of their latest releases., — After the Hack - In addition to all the cash prizes, up to 30 winning teams will be enrolled in an 8-week pre-accelerator program hosted online to shape up their products and prepare them for the next steps in going to market. This preparatory program will include live and self-paced business education workshops designed to help teams write winning grant proposals, navigate funding opportunities, and prepare for the full accelerator program to follow. Stay tuned for more details on the pre-accelerator program, which will be posted on MetaBuild’s page. — The “We” in Web3 - Navigating a bear market is a sobering experience, but it is also an inspiring one, because Web3 is ready to face new challenges, new audiences, and new use cases. All it needs are open minds, ambitious ideas, and a willingness to work together to change the world — one decentralized project at a time. Ready to hack the ever changing world? Build your next project on NEAR. MetaBUILD III is here to guide you from idea to market, and beyond. We have the expertise, the funds, and the drive to face new challenges together. Register Today
NEARCON 2022 is Almost Here: Explore the NEAR Ecosystem in Lisbon!
Olá amigos! There’s a lot of excitement brewing in the NEAR community for what is gearing up to be one of the year’s premier Web3 events. If you’re not already up to speed, NEARCON is more than just a typical Web3 conference with talks and panels. NEARCON will be a showcase of 700+ ecosystem projects spanning all Web3 verticals and layers in the stunning coastal city of Lisbon, in a converted warehouse space located directly on the water. NEARCON will be an interactive demonstration of the talent, creativity, intelligence, and practical use cases of the mighty (and growing) ecosystem. It will also be a pretty rad time, with parties, IRL hackathon, food trucks from around the world, fun swag, and more! — Can’t Stop, Won’t Stop - Start the week off strong on September 11th by picking up your badge and swag bag. The NEARCON Registration Party, which is carnival-themed, will feature a bounce house from SWEAT where you can Bounce to earn SWEAT. Oh, and did we mention there will be a ferris wheel to take in the epic views that Lisbon has to offer? Opening Night at NEARCON kicks off with a soirée of epic proportions hosted by Proximity. You won’t want to miss the future of finance taking over Lisbon in one incredible night. VIP Tickets are FREE, but they must be obtained from one of our 10 fabulous sponsors: Orderly Network, Few and Far, Cornerstone/ MetaWeb, Ref.Finance, Meta Pool, Aurigami, Burrow Cash, Trisolaris, Pembrock Finance, and Bastion. Check out their Twitter, Discord, Telegram today. Tickets will be released this week! Part of the NEARNaut tribe yet? If not, definitely get your NEARNaut NFT from one of NEAR’s marketplaces ( Paras or Few and Far) before NEARCON so you can attend the NEARnaut after party. It will be a great vibe and a chance to get acquainted with this community-driven, randomly-generated NFT PFP project built on NEAR. We hear they are also demoing their mutant serums-you might want to upgrade that NEARNaut! — NEAR UA Takes Lisbon - Since March, the NEAR Ukraine Hub (NEAR UA) has made its home in Lisbon and at NEARCON you’ll get to learn all about what they’ve been up to. NEAR UA is a combination of community, project accelerator, fund pool, product lab, event and marketing service, and a hiring service for the NEAR ecosystem. At their booth you will be able to explore hub activity and discuss current projects and opportunities for collaboration. You’ll also be able to grab some swag with Ukrainian symbols to show off when you get home. On September 13th, NEAR UA is hosting a Ukrainian night called “The Code of Freedom” with headliner ONUKA and opener Miura. You definitely don’t want to miss this or the afterparty thrown by NEARNauts. At “The Code of Freedom” everyone will have the opportunity to learn about Ukraine, including its unique culture, hip styles, yummy food, and funky music that will make you want to get on your feet and shake it. You’ll get to witness the very “code of freedom” that helps Ukrainians now. 100% of proceeds from ticket sales will directly help Ukrainian hospitals procure modular external fixators and prepare for winter in areas in the Kharkiv region with heat, food, and hygiene. Purchase a ticket to the event and help NEAR UA surpass their goal of €20,000! — A Global Happening - Though the talks and panels will be in English, expect to hear a lot of different languages spoken at NEARCON. There will be over 170 countries represented in attendance! In addition to the NEAR UA, other regional hubs featured at NEARCON will include the Balkans, Kenya, and Vietnam. Visit the various Regional Hubs to learn how NEAR is operating around the world. Also, expect to find delicious food trucks representing all these regions in the World Lounge. Who doesn’t love food trucks? — Mainstage Revelry - The Mainstage at NEARCON is the crown jewel of the Conference. The Mainstage is where you’ll hear keynote speeches from some of the most ambitious minds in Web3, including the top leaders at NEAR, Pagoda, Aurora, and Sweat Economy. You’ll also be present for a ton of great panels on a wide variety of Web3 topics, including the “Meaning of Money”, “Why We Need Web2.5”, “Navigating Crypto’s Cycles”, “How NEAR and SailGP Are Revolutionizing Professional Sport”, and much more. — House of Hackstravaganza - Hackers can still grab a free conference pass by applying for the hackathon here. If selected, hackers get free admission to NEARCON, and after submitting a successful hack they get a travel stipend paid in NEAR tokens. There will be a registration party/orientation on September 11th when hackers will be onboarded and teams will be assembled. In addition to receiving hands-on mentoring, hackers will be able to compete for $145k in crypto prizes to be awarded to 10 individuals and teams, including first, second, and third place, as well as winners in categories such as Future of Finance, Web2 to Web3, Governance, and more. Check out the judges and get more information here. — Get Activated - NEARCON will be a hotspot for developer activations, with Pagoda and Aurora leading the way. You will definitely want to stop by their booths and meet their teams, especially if you are participating in the hackathon. Learn about the developer tools the team at Pagoda builds to simplify the dev experience for dapp developers as they build, deploy, test, and launch on NEAR. Hackers will be invited to an Orientation on the 11th during the Registration Party. Meet with the Pagoda team, learn about the latest dev tools, and maybe find future hackathon team members. You’ll also get to meet the core Aurora team and learn from them firsthand how to build dapps on Aurora EVM, enhance the UX of blockchain projects with Aurora+, and network with an array of ecosystem projects that are already up and running on Aurora. Activations aren’t only for devs, though. Creatives will find themselves more than satisfied with the art, music, and creativity present everywhere at NEARCON, both inside and outside of the conference. Come check out artists working on NEAR including Orrin Campbell, Franknines, Strakts, and Zeitwarp. Get your imagination fed! — Women of Web3 - Ten winners of the Women in Web3 Changemakers will be announced at NEARCON and it will be meaningful to honor them and make room for more women to join the Web3 ecosystem. Check out Forkast’s interview coverage to learn more about the shortlist of nominees. There will also be a yummy brunch worth waking up early for on September 12th at Dear Breakfast, which runs from 8:30am to 10:30am. Don’t forget to set your alarm! — Discounts - TAP Air Portugal has partnered with NEAR to get you discounted airfare to NEARCON! Traveling from Paris, London, or some other European destination? Hop on a quick flight to Lisbon on the cheap. Book through flytap.com and insert the event code “IT22TPCG61” in the promotion/congress code box for 10% off your economy or business class tickets. The discount is valid only for trips made ten days before or after NEARCON. And psst! If you want to save a little cash on your conference ticket, Pagoda and Aurora have discount codes for 35% off. Check their Twitter feeds to find them! — Don’t be afraid to say hi! - The NEARCON gathering is a great chance to see what the future holds for Web3. And if you’re developing your own project on NEAR, or thinking about building one, it’s also a fantastic time to get feedback from NEAR’s creative and supportive community. Don’t hesitate to say hello and introduce yourself. Everyone at NEAR is excited to be hosting NEARCON and will be happy to meet you. See you in Lisbon! Originally published at near.org on September 1, 2022. NEARCON 2022 is Almost Here: Explore the NEAR Ecosystem in Lisbon! was originally published in NEAR Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
NEAR Launches Sustainable Learn and Earn Program with Coinbase
NEAR & Gaming: The Future of Gaming on Web3
Most people when asked why they play games will give a simple answer: because games are fun. And though “fun” might mean different things to different people, with Web3 gaming, at least in its present form, “fun” is only sometimes part of the equation. “We tend to conflate games with fun, but the thing is, a game doesn’t necessarily have to be fun to be engaging,” says Chase Freo, CEO and Co-founder of OP Games. “There are a lot of different games out there that evoke different types of emotions.” Though many gamers have a keen sense of what they enjoy and want to see more of, Web3 gaming’s direction will be determined not only by what is fun, but also by what developers and gamers realize is possible through experimentation. Freo compares Web3 gaming to couture fashion season, when designers and runway models often show styles that stretch the limits of taste and the imagination. Think enormous hats, clothes made of garbage, and costumes that would seem extreme even at Burning Man. This couture fashion isn’t meant for the street — it’s made to see what’s possible. In Web3 gaming, the goal isn’t necessarily to make or viral iconic games, but to plant the seeds for what games might one day be able to do. This starts with the technology itself. — Web2.5: The bridge to Web3 - “A lot of times people sacrifice player experience to have a Web3 spin to it — that makes sense,” says Freo, who says gaming needs developers willing to experiment and try new things to evolve the ecosystem. “For example, bring[ing] game states on-chain [is] not optimal…but you kind of want to push it that way, so that you’ll see exactly where you can draw the line.” Freo explains that there are generally two camps of developers: Web2 game designers who focus on gameplay, and devs who really push the envelope with blockchain but sacrifice playability in the process. “Most games in Web3 are actually a combination of Web2 and Web3, so it’s like Web2.5,” says Freo. “[They combine] aspects of what works on the blockchain [and] everything else is centralized because it works better.” Hugo Furneaux and Jon Hook at playEmber, a game-fi middleware company that brings Web3 to Web2 mobile games, echo Freo’s “Web2.5” view. Furneaux, playEmber’s CEO, describes the platform as “an amalgamation” of Web2 and Web3, where developers make extremely fun games while on-ramping Web2 users into Web3. They simply play games they already know and love with Web3 features that are low-key. “There’s an added element now, which makes it more fun, where you can just put in your email [and] we do all the rest in the background,” he says. “And it sets up your NEAR wallet and you’re playing, effectively, a Web3 game but as a Web2 user.” — Getting gamers to board the Web3 train - At the forefront of Web3 gaming is NEAR’s Human Guild. Created in early 2021 by Sasha Hudzilin and Vlad Grichina, both early builders on NEAR, their approach is simple: easy onboarding and gamers earning by doing what they love. “The mission is to help people earn in crypto and join the online economy,” says Hudzilin. Human Guild also helps game designers develop their ideas, launch on mainnet, improve their products, and generally expand an already strong, supportive community of game developers. This makes Human Guild a vital resource within the NEAR ecosystem. “[We] provide support starting with the concept of the game, designing economic upside for the community to get involved, DAO creation, bootstrap community engagement, consider foundries, share initial MVP with the community, and involve influencers,” says Hudzilin. “We know Web3 can be difficult to navigate,” he adds. “So, we want to make sure people are not discouraged and can get the best out of this space.” — Indie versus AAA game studios in Web3 - Currently the most popular Web3 games feature around 200,000 active wallets, says Hudzilin, and there are only a few of them. By comparison, Web2 mobile games can have over 100 million users, and in some cases one billion users. Truly, these early days demand that designers think differently about what games are and what they can be. Perhaps because of Web3 games’ relatively low numbers, most of the creativity in game development comes from smaller indie studios. Not unlike the music, film, or book publishing industries, bigger budget games from AAA studios tend to be more formulaic (and less likely to take risks). This makes some sense, as AAA studios are often more pressed to turn a profit and follow previously successful models. However, Web3’s low market saturation does have its advantages. “If you do launch, you’re almost bound to succeed,” says Hudzilin, who notes the bar for success is about 10k users giving the game a shot. “Especially in an ecosystem like NEAR where very few things have gone live so far.” Human Guild is starting to focus more on smaller indie game developers, as they can deliver on smaller budgets with more creative spark. The idea is that this creativity will carry over into the future of Web3 gaming. Crypto games are labors of love and passion projects. Some developers even sacrifice career stability for their projects. “Sometimes they live below the poverty line, which is kind of crazy because they’re very talented developers,” says Hudzilin. “And so we work with some of them.” While most pure Web3 games don’t have mass market appeal, many companies are trying hard to make that happen. PlayEmber, for instance, is all about mass market appeal with their “hyper casual” gaming experiences that look very much like Web2 mobile games. With Ember Coin, playEmber offers a “play and earn” model where gamers don’t even need to think about earning cryptocurrency. Their goal is ambitious: to onboard a million new crypto wallets within a year once their games are live on EmberCoin. — Bridges to the physical world - There is also a real hunger to see games interfacing with the physical world. Endlesss, a live collaborative music creation platform inspired by game mechanics, recently showcased one possibility at NFT.NYC: a MIDI-enabled arcade game. Although arcades are niche, this experience opened a door to other Web3 physical integrations and in-person social interactions. For playEmber’s Jon Hook, the Web3 bridge to the physical world could feature partnerships with big brands for retail experiences. “Imagine partnering with Nike: you’re playing a game and hidden within the game are magic loot boxes,” he muses. “When you find one, it actually unlocks sneakers. It’s a little NFT so that when you go into the Nike store, you redeem it. It’s kind of like gamifying retail.” This is, of course, in addition to designing and buying NFT avatars and using them across a gaming or Web3 ecosystem. Just like in the physical world, Furneaux envisions an experience where “you change moods, you change styles, you change clothes, so why shouldn’t you be able to change your NFT to reflect that too?” NFTs are also useful for re-engagement. Jon Werthen Jr. at ARterraLabs envisions players earning in-game NFTs, then using them as an entry fee for gaming tournaments or a token to redeem real-world prizes. — A tapestry of visionaries - One thing that Web3 gaming has going for it is the abundance of visionaries. No doubt a crucial ingredient for crypto gaming’s future. Human Guild’s Vlad Grichina, for instance, imagines a world where massive multiplayer games keep running forever on the blockchain — especially games from the 2000s and 2010s that disappeared because server costs were just too high for game studios. How? A separate group of validators would essentially run that part of the blockchain. “As long as a community is interested in this kind of game, it should continue,” Hudzilin says. Futuristic possibilities aside, currently Human Guild is gearing up for NEARCON where the NEARCON Gaming Lounge will have up to 20 playable versions of games. This is as much about research as it is entertainment, as the Human Guild will use NEARCON metrics to measure things like retention. Despite the visionary nature of many Web3 game developers, there is little certainty about what it will look like in the future. Will personal computers still dominate Web3 games? Can mobile developers break past gatekeepers like Apple’s App Store? Will consoles jump aboard? What about virtual reality? It is likely to be some combination of all of these, but only time will tell. It’s likely that Web3 game developers, on NEAR’s carbon neutral protocol or others like it, will redefine what is possible. This is something that current and future gamers alike can look forward to. — Join NEAR’s community: - Twitter | Reddit | Youtube | Medium | Discord NEAR & Gaming: The Future of Gaming on Web3 was originally published in NEAR Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
More NEAR Protocol (#NEAR) News
|XRP Price Stumbles Near $0.47, What's Next With Selling Pressure Buildin...
The XRP price has depreciated considerably over the last 24 hours. The price of the altcoin continues to totter near the $0.47 price mark.
The bears seem to be back on the charts for XRP. Over the last 24 hours, the XRP price fell by 4.12%.
On the other hand, the coin has rallied by over 30% in the past week. The technical indicators of the altcoin also started to paint bearish price action on the one-day chart.
The bulls have lost steam in the past week owing to an increase in selling strength in the market.
The indicators have yet to move into the excess selling zone, but the major technical outlook indicated that the buyers were leaving the market.
This could be termed a price pullback for XRP after the positive investor interest over the last week that caused the rally.
The global cryptocurrency market cap today is $971 billion, with a 0.8% negative change in the last 24 hours.
XRP Price Action: One Day Chart
XRP was priced at $0.47 on the one-day chart | Source: XRPUSD on TradingView
The altcoin had secured a rally in the last week when it surged to touch the $0.54 mark. The XRP price was trading within an ascending trendline from which it broke away due to a decline in buying strength.
The resistance mark for the coin stood at $0.48, a move above which XRP could falter near the $0.51 price level. The support zone for the coin rested at $0.42.
A fall from the aforementioned support line will drag XRP to $0.38. The amount of XRP traded in the last session was in red, sign...
|Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain Near Multi-Month L...
Ethereum dropped below $1,300 on Thursday, as markets continued to react to the U.S. Fed's latest decision to raise interest rates. Following speculation of a 100-basis-point hike, the Federal Reserve hiked rates by 0.75%, as it continues to struggle against rising consumer prices. Bitcoin also declined, moving close to the $18,000 level.Bitcoin
Bitcoin (BTC) moved closer to $18,000 on Thursday, as markets slipped following the latest U.S. Federal Reserve policy meeting
The Fed opted to increase interest rates by 75 basis points on Wednesday, with Chair Jerome Powell hinting at further moves, stating, 'In my view, there's a way to go.'
As a result of this, BTC/USD fell to an intraday low of $18,290.32, which is its lowest level in three months.
Looking at the chart, the move saw bitcoin fall marginally below a support point of $18,300, with bulls reentering shortly after, sending prices higher.
As of writing, BTC is trading at $19,217.16, which is nearly $1,000 higher than the aforementioned low.
Prices may see some volatility however, as the 14-day relative strength index (RSI) has collided with a ceiling at 42.00, and if held, we could see bitcoin once again below $19,000.
Like bitcoin, ethereum (ETH) saw its price decline following the Fed's decision to hike rates, with the token falling below $1,300.
Following a high of $1,384.48 during yesterday's session, ETH/USD dropped to a bottom of $1,229.43 earlier today.
In what is another similarity with BTC, the decli...
|NEAR Bulls Charge Their Way Past $4.7 Amid Lack Of Spike In Volume
NEAR Protocol is looking bullish as it darts past the $4.7 support zone.
NEAR’s bullish momentum appears to wane
Price exhibits low trading volume
NEAR price trading at $4.51
However, judging by the price movement, it looks like the bull’s luck may be running out.
On the other hand, NEAR’s trading volume appears to be diminished or low even if the altcoin has amassed roughly 35% gains in that same period. So, does this mean a faltering demand for NEAR?
From a long-term perspective, NEAR’s resistance and support levels could be anywhere near the $3.7, $4.5, and $6.8 levels; respectively.
Originally, the $6.8 zone acted as a support zone in May however the selling pressure has been too overwhelming to control. This level was again retested late in May, but with no luck.
$6 Level Posing Hurdles To NEAR Price
In the coming weeks, it’s more likely that the $6 level would hoist some hurdle to the price. More so, the $4.7 area is another critical support level as this zone has been pivotal on the daily chart since June and July.
While breaching this zone was phenomenal for NEAR protocol, August was rather unkind with a reversal and a seismic price crash.
NEAR’s RSI has been pushed above the neutral 50 zones following a rejection experienced last month. Despite the bullish movement, buying pressure has weakened. More so, the OBV also remained sluggish with unfortunately no new highs formed.
Now, if the OBV can successfully breach and surpass i...
|Near Foundation Introduces a $100 Million Fund Dedicated to Web 3 Develo...
Near Foundation - the Swiss non-profit that oversees the development of Near Protocol - reportedly partnered with the VC firm Caerus Ventures to launch a $100M venture capital fund and venture lab. The main goal will be to support engineers, builders, and developers who work in the emerging Web 3 sector.
Earlier this year, Near Foundation expanded its presence toward Africa, teaming up with the Kenyan blockchain community Sankore. Over the course of the agreement, both parties plan to establish a blockchain unit in the region that will focus on crypto innovations, education, and talent development throughout the continent.
The Multi-Million Fund
A recent coverage informed that Near Foundation and Caerus Ventures are willing to support the efforts of Web3 participants by introducing a venture capital fund. The Swiss entity will lead it, which will have an initial closing of $50 million and a target of $100 million.
'The creators, talent, and franchises with reach and influence spearheaded that growth and will now drive the adoption of blockchain at scale. But this time, they and their fans will have greater access to the value created,' said Marieke Flament, CEO of the Near Foundation.
For his part, Nathan Pillai - Founder of Caerus Ventures - claimed that Web 3 technologies are yet to reveal their real value and change current trends. He said he's been 'hugely impressed' by Near Foundation's approach to back up developers and empower creators and consumers with more control o...
|Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Block...
On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market capitalization.Tether Connects With the Near Protocol
Tether has revealed that tether (USDT) is now supported by the Near (NEAR) network, a smart contract blockchain system launched in April 2020. Near's market valuation makes it the tenth largest smart contract token by market cap, and the 25th out of all 12,905 cryptocurrencies in existence. On September 12, Marieke Flament, CEO of Near Foundation, said USDT support on the Near blockchain will play a vital role in decentralized finance (defi).
'We champion initiatives that can bring greater stability to the defi ecosystem and help us advance the mass adoption of Web3,' Flament said in a statement on Monday. 'We look forward to seeing what Tether will achieve with the launch of USDT on Near Network and the vital role it will play in shaping the future of finance and the digital economy.'
Near blockchain support will make it the 14th blockchain that hosts tether (USDT) stablecoins. Out of the $153 billion in stablecoin value today, USDT is the largest with a market valuation of around $67.7 billion. Tether's market cap is the third largest out of today's 12,905 cryptos and it increased 1.1% during the past 30 days. Tether's $67.7 billion market cap repres...
|As the Ethereum Merge Draws Near, Google Launches Countdown Clock
Sam Padilla - a Web3 Customer Engineer at Google - said the world's largest search engine launched a countdown clock that shows when exactly Ethereum's Merge will be complete.
The second-biggest cryptocurrency protocol is on its way to shifting from Proof-of-Work (PoW) to Proof-of-Stake (PoS), something unseen in the industry so far. The move is expected to be finalized on September 15.
Ethereum's shift to PoS, known as 'the Merge,' has gathered significant attention as many expect it will be beneficial for the project and the price of its native token.
For one, Ethereum (which has been heavily criticized for harming the environment because of its electricity consumption) will have a much greener focus.
The interest in the event has been so strong lately that web searches for it have skyrocketed to an all-time high.
To give consumers additional information about the highly-anticipated transition, the American multinational technology company - Google - launched a countdown clock that shows how many days are left until the shift is completed.
Sam Padilla - a top engineer at the firm - was the one to announce the feature. The search engine's estimations match previous ones, indicating that 'the Merge' will see the light of day on September 15.
Hey @VitalikButerin @drakefjustin & other @ethereum folks, go google 'the merge' for a fun little surprise & appreciation.
Everyone is so excited for what is coming and appreciative of the work that has been going into this for years. ...
|Biggest Movers: SOL, Near Protocol up by Over 10% to Start the Week
Solana moved closer to the $40.00 mark on Monday, as it rose for a sixth straight session to start the week. Bullish momentum in the world's ninth largest cryptocurrency intensified, following a breakout of a resistance point of $36.35. Near protocol was also in the green, as prices rose by over 10% on Monday.Solana (SOL)
Solana (SOL) climbed to a three-week high to start the week, as the token moved towards the $40.00 level
Following a low of $34.48 on Sunday, SOL/USD was able to reach a peak of $38.15 so far in today's session.
Today's rally comes as the toke rose past a key resistance level of $36.30 for the time since August 19.
As seen from the chart, Monday's rally came as the 10-day (red) moving average crossed its 25-day (blue) counterpart for the first time in over a month.
In addition to this, the 14-day relative strength index (RSI) is currently tracking at 61.31, which is its strongest reading since August 13.
This is marginally below a ceiling of 64.05, which will likely be the main hurdle preventing prices from rising above $40.00.
Near Protocol (NEAR)
Near protocol (NEAR) was another notable mover to start the week, with prices nearing a one-month high.
NEAR/USD was able to climb to a peak of $5.25 on Monday, less than 24 hours after trading at a low of $4.72.
Monday's surge comes as near protocol rose for a sixth consecutive session, with today's top the highest point it has reached since August 16.
This recent rise in bullish momentum comes following an up...
|Tether Launches USDT Stablecoin on NEAR Protocol
Tether will be launching its stablecoin (USDT) on NEAR Protocol. With this, the cryptocurrency will be circulating on a total of twelve different blockchains.
According to a press release shared with CryptoPotato, NEAR Protocol will be the next to adopt the leading stablecoin by means of total market capitalization - USDT.
Commenting on the matter was Paolo Ardoino, the CTO of Tether, who said:
We're excited to launch USDT on NEAR, offering its community access to the first, most stable, and trusted stablecoin in the digital token space. [...] The NEAR ecosystem has witnessed historical growth this year and we believe Tether will be essential in helping it continue to thrive.
It's also worth noting that this particular announcement comes amid a major milestone for NEAR. According to a post on its official Twitter page, the protocol is now home to more than 700 projects.
As mentioned above, with this integration, USDT will be circulating on a total of 12 different networks. Besides NEAR, these include Polygon, Kusama, Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Bitcoin Cash's Standard Ledger Protocol.
According to Tether's Transparency page, the current USDT in the company amounts to a whopping $67.7 billion.
Most of it presently circulates on Tron's network - about $33 billion.
Second in line is Ethereum - $32.3 billion USDT circulates on the network.
The post Tether Launches USDT Stablecoin on NEAR Protocol appeared first on CryptoPotato.
|Solana Gains 11% In 2 Days As SOL Cruises Near Resistance Zone
The 11 percent gain of Solana from its dip on September 7 comes after months of turbulent market conditions. A tenth of that may be meaningless by the time this is published. The market is currently trending upwards.
The market bottomed out at $33.79 on Wednesday before falling 9.29% to $30.89. At this point, both the CCI and the Stoch RSI for SOL showed that the crypto had been oversold.
While SOL was recovering over the course of eight hours, trading volume decreased from the sell-off of 1.650 million to 1.280 million.
Solana Bulls Unfazed By Pressure
The dip was relatively minor, and the bulls continued to push higher. One of the largest positive price movements ever since SOL was introduced was a 16.55 percent increase. Recent research indicates that this price action is very bullish.
We can be upbeat about the price moving as high as $36.50 if it manages to end above the long accumulation zone tension ($33.05) on the charts.
From the most recent available data, we can see that the current support line is located somewhere around the $32.40 price range, but the price has been trading much higher, near $35.26, recently.
Since breaking through several near-term resistance levels at the 50, 38.2, and 23.6 Fib levels, the price of SOL has maintained its support.
SOL is attempting to merge its position above the 23.6 Fibonacci level after breaking through the $34.36 resistance zone. This trend aligns with the mo...
|NEAR Bulls Charge For 20% Profits As Crypto Trades In Green In Last 24 H...
While the NEAR market has been experiencing bearish activity, bulls have recently stepped up their pace with a rally.
NEAR's price movement has turned positive after recent bear market activity. Coingecko data shows that NEAR experienced a series of price increases and decreases before the bulls charged back on September 8.
The bulls have set their sights on profits of 20% as the crypto enjoys trading in green territory in the last 24 hours.
Within the past two days, there have been three noteworthy price movements. There was a big jump on September 7, then a drop later that day. The price continued its ascent and hit a new high on September 8.
Several indicators seem to favor the bulls, according to a recent study.
NEAR Shows Aggressive Upward Pace
The Near Protocol weekly chart displayed a 'Bullish Bat Harmonic' pattern, indicating an upward trend. The second top in such bullish pattern, on the other hand, is lower than the first.
Analysts have interpreted this pattern as evidence that the current trend will continue.
The $4.30 range has provided support for the upwards progression, while $4.60 has offered resistance. But as with any funding, there is always a risk of a downstroke.
Some market observers caution that a bear breakout at $4.30 would be detrimental for the uptrend. This purely theoretical bear growth spurt has the potential to drive the price to $3.80. However, patterns indicate otherwise.
In addition, the price formed yet another reve...
|Biggest Movers: ATOM Hits 4-Month High, NEAR up 10% on Thursday
Cosmos moved to a four-month high in today's session, as crypto markets rebounded following Wednesday's sell-off. Prices of the token broke out of a key resistance point this afternoon, reaching the milestone. Near protocol was another notable mover, as it hit a three-week high.Cosmos (ATOM)
Cosmos (ATOM) raced to a four-month high this afternoon, as prices of the token broke out of a key price point.
Following a low of $11.98 on Wednesday, ATOM/USD rose by nearly $2.00 in today's session, hitting a high of $13.92 in the process.
Thursday's rally comes as the token raced past its ceiling of $13.35, en route to its highest level since May 11.
Looking at the chart, ATOM has been in an ascending triangle since hitting a low of $5.62 in mid-June.
Bulls of the token now look as if they could be targeting the $15.00 mark, which would see the token rise by almost $10.00 in just under two months.
In order to achieve this milestone, the token will need to overcome a hurdle on its relative strength index (RSI), which will come in the form of a ceiling at 63.30.
Near Protocol (NEAR)
Another notable gainer on Thursday was near protocol (NEAR), which rallied to a multi-week high earlier in the day.
NEAR/USD was able to reach a peak of $4.63 today, as prices rose for a second consecutive session.
Unlike cosmos, which moved past its own price ceiling, near protocol was unable to break out of its resistance, after almost colliding with the $4.65 level.
As of writing, prices are at $4.60, ...
|NEAR Price Could Drop To $3 If This Bearish Pattern Continues
Since its launch in October 2020, the NEAR token has endured adversity. With the current market at one of its lowest point in history, NEAR could become a bit flaky.
A number of analysts forecast an entirely bearish future for the token. The coin has oscillated near the $3.75 support line and even attempted to escape the bearish market.
The coin attempted to break out of its more recent low of $4.16 with a rally to $4.51, according to data from Coingecko. This upswing is one of the most recent bullish attempts to overcome the $4.44 resistance.
NEAR Price Hounded By Massive Sell-Off
A $4.4 long-rejection candle supports the completion of the previously described bearish pattern. With continued selling, the NEAR price will fall 7% to breach the $3.75 support level.
The price of NEAR token has decreased by almost 90 percent from its recent high of $4.51 to its current price of $4.02.
Also, the coin experienced a massive liquidation between $4.18 and $4.02. This can be interpreted as Wednesday's sudden surge in trading volume.
Even though the market has been extremely bearish recently, the coin's future may still be favorable.
Contrarily, if the NEAR price recovers from the $3.75 level, that could indicate buyers are active at this price and the market is setting up for another attempt to break through the $4.75 resistance.
Crypto Can Still Break Impasse
In light of the fact that the coin's value has recently increased, this interpretation may be correct.
|Bitcoin Diamond Hands: Long-Term Holder Supply Surges Up To Near ATH
Data shows the Bitcoin long-term holder supply has surged up recently to near all-time high values as these 'diamond hands' add to their holdings.
Bitcoin Long-Term Holder Supply Jumps Up By 250k BTC After The Recent Low
According to the latest weekly report from Glassnode, the current total balances of the long-term holders is only 30k away from the ATH.
The 'long-term holders' (or LTHs in short) is a Bitcoin holder group that includes all those investors who have been holding onto their coins since at least 155 days ago, without having sold or moved them.
Generally, the longer holders keep their BTC still, the less likely they become to sell them. Because of this, LTHs are the less likely investor group to sell at any point.
The opposite cohort is the 'short-term holders' (STHs), who have had their coins in their wallets for less than the 155-day mark.
Now, the 'LTH supply' is a measure of the total number of coins currently sitting in the wallets of the investors belonging to this group.
When the STH supply matures enough and reaches the threshold, these coins are then naturally included in the LTH supply.
Here is a chart that shows the trend in the Bitcoin LTH supply over the past couple of years:
Looks like the value of the metric has been going up in recent days | Source: Glassnode's The Week Onchain - Week 36, 2022
As you can see in the above graph, the Bitcoin LTH supply had been on a decline since the ATH and hit a low just a while back.
However, during the last fe...
|Biggest Movers: LEO Hits 6-Week High, as NEAR Jumps Higher for Third Str...
LEO rose to a six-week high on Wednesday, as prices rallied for a fifth consecutive session. The move came as the token raced past a key resistance level, on its way to today's peak. Near protocol was another notable gainer, climbing for a third straight day.UNUS SED LEO (LEO)
Unus Sed Leo (LEO) was one of the big movers in today's session, as the token rose for a fifth consecutive day.
Following a low of $5.33 on Tuesday, the token raced to an intraday peak of $5.68 earlier in the day.
The move saw LEO/USD climb past its resistance point at $5.40, on its way to its highest point since July 10.
As seen from the chart, today's surge took LEO close to another price ceiling at the $5.70 level, however, bullish momentum faded as the session matured.
Currently, the LEO is trading at $5.64, which is marginally below earlier highs, and comes as the relative strength index (RSI) approaches its own obstacle.
The index is tracking at 65.10 as of writing, which is close to a ceiling of 66.50. Should we see this resistance sustained, prices will likely decline.
Near Protocol (NEAR)
Like LEO, near protocol (NEAR) also extended recent gains on Wednesday, as prices moved higher for a third straight day.
NEAR/USD surged on hump-day hitting a high of $4.42, which is its strongest point since August 25.
This one-week high comes as prices broke out of a $4.00 resistance point, two days after trading at the support of $3.70.
As of writing, the token is now at $4.40, which is over 7% higher th...
|TA- Near Protocol Struggles With Resistance, Can Bulls Push Price To $6?
The price of Near Protocol (NEAR) showed bullish signs of going higher to a region of $6-$7, but the price was rejected back to its support area, where it has found high demand for its price. Bitcoin (BTC) and Ethereum (ETH) all saw a relief bounce from their monthly low, leading to altcoins like Near Protocol (NEAR) having a measure of relief bounce. (Data from Binance)
Near Protocol (NEAR) Price Analysis On The Weekly Chart
The price of NEAR showed some great bullish strength after breaking above its weekly resistance of $4.7 and traded to a high of $5.9 before seeing a rejection back to its key support area.
NEAR’s price has again shown bullish strength after closing the week, looking bearish on the weekly chart.
The price of NEAR is currently trading below a key resistance on the weekly timeframe; NEAR needs to break this resistance with good volume to have a chance of trending higher to a region of $6 and possibly $7.
Weekly resistance for the price of NEAR - $4.7,$6.
Weekly support for the price of NEAR - $3.
Price Analysis Of NEAR On The Daily (1D) Chart
Daily NEAR Price Chart | Source: NEARUSDT On Tradingview.com
The price of NEAR found its daily low at $3.7, forming good support as the price bounced off the area. NEAR price has rallied to a region of $4.7, where it has been faced with resistance to breaking above for the price of NEAR to trend to higher heights.
Despite being rejected in recent times from the $6 mark, NEAR price has shown great bul...
|Bitcoin, Ethereum Technical Analysis: ETH Hovers Near $1,600, as Crypto ...
Ethereum was hovering close to $1,600 during Wednesday's session, as market volatility eased today. Following a turbulent week of trading, crypto markets mostly consolidated on hump-day, with the global market capitalization down 0.23% as of writing. Bitcoin's price was mostly unchanged, as it remained above $20,000. Bitcoin
Cryptocurrency markets consolidated on Wednesday, with bitcoin (BTC) largely unchanged from yesterday's session.
Following a high of $20,542.64 on Tuesday, BTC/USD was marginally lower, with today's peak standing at $20,425.97.
The token is now trading in between a support point at $19,500 and a resistance level of $20,600, with sentiment slightly shifting towards bullish territory.
This comes as the 14-day relative strength index (RSI) broke out of a resistance point of 37.90, and is now tracking at 38.60.
Looking at the chart, it appears as if the index is headed towards the 42.00 mark, which has historically acted as a ceiling.
Should this target be hit, it is likely that we will see bitcoin trading at, or slightly above its resistance of $20,600.
Ethereum (ETH) briefly rose higher on Wednesday, as the token continued to hover around the $1,600 region.
ETH/USD raced to a peak of $1,612.36 earlier today, which is close to an interim resistance level of $1,630.
Since approaching this point, prices have since dropped, falling back below $1,600 as bulls retreated, fearing a potential reversal.
As of writing, ethereum is now tracking at $1,588.4...
|Biggest Movers: AAVE, ADA Remain Near 1-Week Highs on Friday
Cardano rose to a one-week high earlier in today's session, despite cryptocurrency markets mostly trading in the red. Aave was also higher on Friday, with the token remaining close to its highest point in the past week. As of writing, the global crypto market cap is 0.43% lower.Cardano (ADA)
Cardano (ADA) was one of Friday's notable gainers, as the token rallied to a one-week high to end the working week.
Following a bottom of $0.4596 during Thursday's session, ADA/USD raced to a peak of $0.4816 earlier in the day.
As a result of today's move, the token collided with its key resistance level at the $0.4790 point.
However, following this collision, earlier bulls appeared to retreat, liquidating their positions at this point of uncertainty.
As of writing, ADA is now trading at $0.4765, which is below the previously mentioned price ceiling.
The drop in momentum began as the relative strength index (RSI), encountered a resistance level of its own at 44.
Until this hurdle is overcome, ADA will likely continue to trade at or below its current level.
Like ADA, aave (AAVE) was briefly higher in today's session, as it too remained close to a one-week high.
AAVE/USD rose to a high of $95.47 on Friday, which is near its highest level since August 19.
The move saw aave hit and marginally break out of its resistance level at $95.40, however as the session progressed, prices declined.
As of writing, the token is now trading at $90.65, almost $5 lower than earlier highs. This...
|Biggest Movers: ATOM up 12% on Tuesday, as NEAR Snaps Losing Streak
Cosmos was a notable gainer on Tuesday, as prices of the token rose by as much as 12% in the day. Today's surge sees the cryptocurrency climb for a third straight day, hitting a five-day high in the process. Near protocol was also in the green, as it rebounded following recent declines.Cosmos (ATOM)
Cosmos (ATOM) was one of Tuesday's big gainers, as prices of the token surged by as much as 12%.
Following a low of $10.25 to start the week, ATOM/USD rallied earlier today, hitting a high of $11.93 in the process.
Today's peak sees ATOM climb higher for a third straight session, hitting its highest level since August 18 in the process.
Looking at the chart, today's move came as the token briefly broke out of a key resistance level of $11.55.
As of writing, ATOM continues to trade above this ceiling, however earlier gains have faded, with price currently at $11.56.
Overall, it appears as if previous bulls have turned bearish, liquidating their positions shortly after today's breakout.
Near Protocol (NEAR)
In addition to cosmos, near protocol (NEAR) was also in the green in today's session, as prices rebounded following recent losses.
NEAR/USD rallied to an intraday peak of $4.41 on Tuesday, climbing over 8% higher than Monday's low.
Yesterday saw NEAR briefly fall below its support point at the $4.10 level, however bulls rejected a full break, and instead bought the dip.
Today's rebound in price comes as another rebound took place, on this occasion it was via the 14-day relativ...
|Biggest Movers: SHIB Remains Near 3-Month High, Whilst LEO Hits 2-Week H...
Shiba inu remained close to a three-month high to start the week, after breaking out of a key resistance level over the weekend. The surge of the meme coin came despite the crypto market mostly being in the red on Monday. Another token that rose during today's bearish session was unus sed leo, which hit a two-week high.Shiba inu (SHIB)
Shiba inu (SHIB) was a notable gainer to start the week, as the meme coin remained near to a three-month high.
Following an intraday high of $0.00001790 on Sunday, SHIB/USD rallied to a peak of $0.00001774 earlier in today's session.
The initial surge came as SHIB broke out of a key price ceiling of $0.00001290, which had been holding firm since May 11.
Looking at the chart, this came as the 14-day relative strength index (RSI) rose above its own resistance at 62.40.
After surging above this point, the index hit a high of 83.24, which is its strongest reading since October 2021.
Since this peak, the RSI has moved marginally lower, and as of writing is tracking at a point of 74.18.
Overall, it appears as if SHIB bulls have abandoned their previous positions, as a result of prices becoming overbought.
Unus Sed Leo (LEO)
In addition to SHIB, unus sed leo (LEO) was another big mover in today's session, with it climbing to its highest point in two weeks.
LEO/USD raced to an intraday high of $5.35 to start this week's session, as bulls attempted to break a resistance level of $5.40.
Today's peak comes as the token rose for a fifth consecutive sessi...
|Filecoin Cruises Near Resistance, Now Attempts For A Breakout
Filecoin (FIL) price action shows the formation of a flag and pole pattern that indicates a bullish movement.
Filecoin price displays a robust uptrend with a bullish flag and pole pattern. Four-hour time frame for Filecoin showed the formation of a symmetrical triangle pattern
Filecoin currently trades at a long-term supply range following a breach of short-term key resistance
Currently, Filecoin price trades at a long-term supply level after successfully breaching a short-term key resistance.
Prior to the breach, FIL price has been in convergence for quite some time. With that said, the breach of the supply level has made a tremendous impact which blasted a robust bullish streak.
Filecoin Shows Robust Upward Movement
Following a robust bullish movement, FIL coin price has started consolidating once again and creating higher high as well as higher low patterns seen on a daily time frame.
According to CoinMarketCap, the Filecoin price has been highly bullish trading at $8.55 with a surge of 0.69% as of this writing.
As of press time, FIL coin price has breached the critical 50 and 100 EMAs. More so, the coin currently trades midway of the Bollinger band indicator after it failed to outpace the upper bands. More so, trading volumes for the coin have also surged following the breach.
At this point, investors are advised to keep an eye for any signs of a breach in the bullish flag and pole pattern, and then act fast.
FIL Price To Surge Once It Breaches Flag, Pole Pattern...
|Decentraland Consolidates Near $1.05 – Can MANA Attract Buyers Now...
Decentraland (MANA) shows an uptick after it has successfully breached a critical supply level adjacent to $0.9405.
Decentraland (MANA) on an uptrend following breach on critical supply mark near $0.9405. MANA price remains bullish with a daily candlestick hovering above $1.0605 hinting further gains. MANA price plunged for the second straight session spotted on Saturday. Current price analysis also shows a prolonged consolidation as a couple of candlesticks would need to close higher than its current level in order to sprint further.
MANA Trades At $1.07
According to CoinMarketCap, MANA/USD trades at $1.07 or up by 2.43% as of press time. The 24-hour trading volume improved a bit compared to a couple of hours ago and is currently riding at $148,165,816 or down by 13.47%.
MANA price was down by 28% a couple of hours ago so this is definitely a huge improvement so far. A downtrend in price with a reduction in trading volume would usually hint a downside trend but so far the numbers are definitely improving by the hour.
Judging by the daily chart, MANA price certainly looks bullish with established higher highs as well as higher lows. Interestingly, the MANA bulls are trying to shift the support into a resistance zone. More so, MANA price was able to break the important 50-day EMA seen at $0.947.
Buying Pressure Can Trigger Uptick In MANA Prices
It’s wise to note that Decentraland has been trading below the EMA since April. The chart also shows a Doji candlestick patter...
|Solana Price Positive As It Trades Near $44, Are The Bulls Back On Chart...
Solana price has attempted to revisit the $44 price mark again and it is a matter of time till the coin displays its next move. Over the last week the coin rose by 14% and in the past one day there has been a close to 3% increase in market value.
The coin has demonstrated steady recovery in the last 24 hours. At the moment bullish force has built up considerably in the market and it could push price of SOL higher with sustained demand. Technical outlook for the coin remained positive at the time of writing.
Solana price previously in the past had not managed to break past the $44 price mark. For SOL to finally break past that level, demand needs to consistently go up. If the coin does not remain above the $44 level, it would fall to trade near its support zone. The global cryptocurrency market cap today was at $1.21 Trillion, with a 0.6% hike in the last 24 hours.
Solana Price Analysis: Four Hour Chart
Solana was priced at $44.79 on the four hour chart | Source: SOLUSD on TradingView
SOL was trading at $44.79 at the time of writing. After multiple attempts the bulls were again attempting to move past the aforementioned price level. Overhead resistance for the coin stood at $46, however, moving past the $44 price zone will itself be a challenge for the bulls considering the bulls failed twice previously.
Local support for Solana price stood at $40. If the bulls manage to cross the $46 price level then it could touch the $50 price level. Amount of SOL traded in the p...
|TA: Bitcoin Price Tops Near $25K, Why Dips Might Be Limited
Bitcoin traded close to $25,000 before it corrected lower against the US Dollar. BTC must stay above the $23,500 support to start another increase.
Bitcoin started a fresh increase above the $24,000 resistance zone. The price is now trading above the $23,600 level and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $24,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now approaching a major support zone near $23,600 and $23,500. Bitcoin Price Corrects Lower
Bitcoin price gained pace after there was a clear move above the $24,000 resistance zone. BTC broke the $24,200 level to move further into a positive zone.
The price even climbed above the $24,500 level and traded close to the $25,000 level. A high was formed near $24,900 and the price started a downside correction. There was a move below the $24,500 support level.
Besides, there was a break below a major bullish trend line with support near $24,000 on the hourly chart of the BTC/USD pair. Bitcoin price even traded below the 23.6% Fib retracement level of the upward move from the $22,686 swing low to $24,901 high.
However, the price is now trading above the $23,600 level and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $24,200 level.
Source: BTCUSD on TradingView.com
The next key resistance is near the $24,500 zone. A close above the $24,500 resistance zone could start another increase. I...
|Fidelity Analyst: Bitcoin Is Cheap — Ethereum Could Be Near Bottom
Fidelity's director of Global Macro has shared his bitcoin and ether price outlook. His analysis shows that bitcoin is cheap but ether could be even cheaper. 'Ethereum could be close to a bottom,' he added.Fidelity's Director on Bitcoin and Ether Price Outlook
Jurrien Timmer, director of Global Macro in Fidelity Investments' global asset allocation division, shared his bitcoin and ether price analysis in a series of tweets Friday. Timmer specializes in global macro strategy and active asset allocation. He joined Fidelity 27 years ago as a technical research analyst.
He explained why bitcoin is cheap. 'I use the price per millions of non-zero addresses as an estimate for bitcoin's valuation, and the chart below shows that valuation is all the way back to 2013 levels, even though price is only back to 2020 levels,' he detailed, emphasizing:
In other words, bitcoin is cheap.
'At its recent low of $17,600, bitcoin is now below even my more conservative S-curve model, which is based on the internet adoption curve,' the Fidelity director added.
Timmer noted that it is clear from looking at Bitcoin's network growth that 'the adoption curve is tracking the more asymptotic internet adoption curve, rather than the more exponential mobile phone curve.' He continued: 'Per Metcalfe's Law, slower network growth suggests a more modest price appreciation.'
However, 'based on a simple power regression line, Bitcoin's network appears to be intact,' the director opined. 'That continued growth ...
|Biggest Movers: SAND up 15% on Friday, as MATIC Rebounds From Near 10-Da...
SAND was up by over 15% on Friday, as crypto prices rebounded following sell-offs during Thursday's trading session. SAND fell to a one-week low yesterday, with MATIC, another notable gainer, dropping to nearly a ten-day low on Thursday. Overall, crypto markets are up 1.30% as of writing.
The Sandbox (SAND)
SAND was one of the most notable movers during today's trading session, as crypto prices rebounded on Friday.
Following a low of $0.9644 on Thursday, SAND/USD rallied to an intraday peak of $1.17 to start the month of July.
Prices of the token have mostly rallied during the last two weeks, after hitting a floor of $0.7393 on June 18.
This was the lowest level that SAND had hit since October 2021, prompting bulls to reenter the market and buy the dip.
Looking at the chart, and despite the recent price uncertainty, the 10-day moving average (MA) has marginally crossed with the 25-day MA.
This upward trend could mean that bulls may attempt to lift prices even further, with the $1.50 point a possible target.
MATIC has been trading in a channel of lower lows for the past seven days, however that run was snapped following today's rally.
The token dropped to a bottom of $0.4224 on Thursday, however rallied to a peak of $0.4957 on Friday.
As of writing, MATIC/USD is now trading nearly 9% higher than yesterday's low, however volatility continues to remain high.
Bears appear to be trying to take prices to the support level located around $0.3975, however bulls ha...
|Biggest Movers: AVAX, SOL Slip by 14% on Wednesday, as Prices Near 1-Wee...
SOL was down by as much as 14% on Wednesday, as prices fell close to a one-week low earlier today. In addition to this, AVAX saw a similar decline, as the token dropped for a fourth consecutive session, with prices moving below $20.
SOL was lower in today's session, as prices fell for a fourth straight session following a false breakout of the $40 level.
The world's ninth largest cryptocurrency dropped to an intraday low of $34.24 in today's session, which is its lowest point since June 23.
Wednesday's six-day low comes less than 24-hours after prices were trading at a peak of $39.71.
Despite today's nearly 14% decline, SOL is currently only 3.9% lower than at the same point last week, when prices rose to a peak of $43.
Looking at the chart, SOL/USD is currently trading at $34.27, however we could be set to see further declines, as bears target the $30 mark.
However, in order to reach this point, price strength will have to fall below the support point on the 14-day RSI of 42.30.
AVAX was on a similar path to SOL on Wednesday, as prices also fell by as much as 14% in today's session.
Following a peak of $20.48 on Tuesday, AVAX/USD plunged to an intraday low of $17.39 earlier in the day.
This drop saw the avalanche token fall for a fourth straight day, with prices now nearing its recent support point at $14.50.
The recent bear run commenced on Sunday, when prices attempted, but failed, to break out of the $21.90 resistance level.
|Biggest Movers: SHIB Surges 10% on Saturday, as NEAR Hits 2-Week Hi...
SHIB was trading by as much as 10% higher on Saturday, as crypto markets were mainly in the green. NEAR was also higher on Saturday, prices having now risen for three consecutive sessions. Overall, crypto markets are up 2.73% as of writing.
Shiba Inu (SHIB)
SHIB was one of the notable movers in crypto markets on Saturday, as prices rose by over 10% to start the weekend.
The price of the meme coin rose to an intraday high of $0.00001178 in today's session, which is the third straight daily gain in SHIB.
As a result of Saturday's surge, SHIB/USD is now trading nearly 50% higher in the last seven days alone, making it one of the biggest movers within that period.
Looking at the chart, today's rally has seen prices near this week's high of $0.00001209, which is the highest the token has hit since May 31.
Should this week's momentum continue upward, then bulls will likely attempt to recapture this point over the next few days.
A stumbling block could come via the 14-day RSI, which is currently tracking at a resistance point of 56.60, which is also its highest point since late March.
If SHIB bulls were to apply even more pressure on current bears, then we would likely need to see a breakout of this ceiling.
Near Protocol (NEAR)
NEAR was another big gainer on Saturday, as bulls extended recent gains to a third consecutive session.
The world's 25th largest crypto token rose to a peak of $4.39 earlier in the day, and this comes as its ceiling at $4.20 was breached.
The move sees NE...
|TA: Ethereum Tops Near $1,200, Why Dips Could Be Attractive
Ethereum started an upside correction above the $1,050 zone against the US Dollar. ETH traded close to the $1,200 resistance zone before it faced sellers.
Ethereum started an upside correction above the $1,100 resistance zone. The price is now trading below $1,150 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could revisit the key $1,050 and $1,040 support levels in the near term. Ethereum Price Corrects Lower
Ethereum was able to climb above the $1,050 resistance zone. ETH even recovered above the $1,120 resistance zone and settled above the 100 hourly simple moving average.
Finally, the price surpassed the $1,150 resistance and traded close to the $1,200 level. A high was formed near $1,192 before the bears appeared. Ether price failed to continue higher and traded below the $1,150 level.
There was a break below the 23.6% Fib retracement level of the upward move from the $880 swing low to $1,192 high. Besides, there was a break below a key bullish trend line with support near $1,180 on the hourly chart of ETH/USD.
Ether price is now trading below $1,150 and the 100 hourly simple moving average. An immediate resistance is near the $1,120 level. The next major resistance is near the $1,150 zone. A clear move above the $1,150 resistance zone may perhaps push the price towards $1,200.
Source: ETHUSD on TradingView.com
The next major resistance ...
|Biggest Movers: DOGE, SHIB Near 10-Day Highs, Following Recent Surges in...
SHIB was trading almost 15% higher during today's session, as its price approached a ten-day high. Its fellow meme coin, DOGE, was also in the green on Tuesday, with prices hitting their highest point since June 12.
Shiba Inu (SHIB)
SHIB was once again in the green on Tuesday, as it continued to move away from this weekend's lows.
Over the weekend, SHIB/USD fell to an intraday low of $0.00000707, which was its lowest point since October 2021.
Since then, prices have picked up momentum, and today saw prices hit an intraday peak of $0.000009556.
This is the most the meme coin has traded at since June 12, and comes as bulls are attempting to recapture a key resistance point.
Looking at the chart, this ceiling appears to be the $0.00001135 point, which hasn't seen a true breakout since early May.
Overall sentiment in SHIB seems to have turned bullish, with relative strength now tracking at its highest point since April.
Since Elon Musk stated that he will continue to support DOGE despite its recent declines in price, the token has racked up steady gains.
These gains have seen prices of DOGE/USD climb to an intraday high of 0.0668 in today's session, which is the most prices have traded at in nine days.
Overall, prices have climbed from a bottom of 0.0494 on Saturday, which was a 15-month low, to now trading nearly 20% higher.
However, this momentum may be challenged, with the 14-day RSI appearing to have reached a key resistance point.
This is the 44.50 ceiling...
|TA: Bitcoin Consolidates Near Key Juncture, Can The Bulls Make It
Bitcoin is struggling near the $21,000 resistance zone against the US Dollar. BTC could rally if it clears the $20,900 and $21,000 resistance levels.
Bitcoin is showing a few positive signs above the $20,000 support. The price is now still above the $20,000 level and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $20,275 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if it stays below the key $21,000 resistance zone. Bitcoin Price Eyes Upside Break
Bitcoin price started an upside correction after it traded as low as $17,600. There was a decent recovery wave above the $18,500 and $19,000 levels.
The price surpassed the 50% Fib retracement level of the main drop from the $22,951 high to $17,600 low. The price even cleared the $20,000 level and the 100 hourly simple moving average. There is also a connecting bullish trend line forming with support near $20,275 on the hourly chart of the BTC/USD pair.
However, the bears are now defending major gains above the $20,500 zone. Bitcoin is also struggling near the 61.8% Fib retracement level of the main drop from the $22,951 high to $17,600 low. An immediate resistance on the upside is near the $20,800 level. The first major resistance is near the $20,900 and $21,000 levels.
Source: BTCUSD on TradingView.com
A clear move above the $21,000 level could even push the price towards $21,800. Any more gains might send the price ...