A significant 42% rally in the price of NEAR Protocol (NEAR) over 7 days has brought its value closer to USD20, following the announcement that Deutsche Telekom has joined as a validator.
Despite a recent 3.92% decline, NEAR's trading volume surged to $1.67 billion, indicating strong market activity. Analysts suggest that breaking the resistance level at $6.20 could lead to further price increases towards $15 to $20 in the coming months. $NEAR is currently traded at $5.28.

$NEAR circulating supply of 1.2 billion coins. Its market capitalization was valued at $6.42 billion.

Technical indicators show bullish momentum, suggesting potential for price appreciation. Deutsche Telekom's involvement is seen as a boost for NEAR's infrastructure and aligns with its focus on decentralized technologies and user data sovereignty.
Additionally, NEAR's ecosystem is showing growth, with a Total Value Locked (TVL) of $257.2 million, stablecoin market cap at $677.78 million, while daily fees and revenue totalled $19,300. Its ongoing funding initiatives raising $33.7 million.


Article : Olivia Stephanie
Edited By: Jibin Mathew George
Posted: November 13, 2024