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Cryptoknowmics 2022-05-11 20:30:44

Near Protocol is Bullish Against the Market Trend

Near Protocol (NEAR) is bullish against the present bearish market that has plummeted the price of top cryptocurrencies like Bitcoin and Ethereum. At the time of writing, it increased by 6.99% in the past 24 hours and was trading at $11.05. In the past year, Near Protocol has gained 111%. One could ask why Near Protocol is experiencing this present bullish trend against the trend of most coins and tokens in the market that are bearish? Some of the factors that could be responsible are: Over a 100% increase in its trading volume in the past 24 hours In the past 24 hours, the trading volume of Near Protocol (NEAR) rose over 104%. In other words, it is evident that there are a lot of trading activities, and the number of buyers and investors is high. In response, the sellers raised their prices to maintain the positive trend. It then caused an increase of $0.74 NEAR price in the past 24 hours. If this buying pressure is maintained, Near Protocol might maintain this bullish gain for some time. The recent launch of Nightshade on the Near Protocol Near Protocol, with its native token NEAR, was launched as a layer one blockchain project to meet some challenges that inhibit the growth of Cryptocurrencies in the cloud computing areas. Correcting the low transaction speed and ensuring Blockchain interoperability might be one way to achieve this. With the recent launch of Nightshade on the Near Protocol, developers and decentralized appl...

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