Bitcoin is currently trading near a 2-month low.
Altcoin Fantom is leading a rally, with
Near Protocol ambitiously eyeing $10 as GFOX meme coin pumps 30%.
NEAR Token impressively gained 10% last week, topping the CoinDesk 20. Despite this success, Bitcoin faces 'several' headwinds that will challenge miners in the near term, according to JPMorgan.
President Biden ordered the closure of a Chinese Bitcoin mine near an Air Force base in Cheyenne and
Biden subsequently banned the Chinese Bitcoin mine near a U.S. Nuclear Missile Base. Success continues to find the
Near Protocol as its price surges due to bullish sentiment surrounding it as a new AI coin. The release of its 'multichain transaction from one account' feature generated further interest in their vision. There are some concerns as its 'darkness' and 'sovereignty' posts raise hack suspicion. But the launch of chain signatures and the expectation of a new game's launch provided much needed positive outlooks. Amidst this,
Near Protocol is bulking up on AI expertise for its roadmap, showing strong vision for its future in the competitive crypto market.However, despite positive speculation on the AI coin's development and growth, numerous reports suggest Bitcoin's near-term downside risks are still a cause for concern, especially as institutions worry about the volatility of the market. Notwithstanding these concerns, technical analysis of NEAR's price trend suggests potential for 2x returns. Over recent weeks, NEAR and Shiba Inu Coin led CoinDesk 20 gainers, with NEAR recording a one-week price jump of 33% while Shib’s price rose just over 30%. There's enthusiasm within the
Near Protocol community as its price recovery eyes $10 amid surging open interest, further bolstering bullish sentiment around the altcoin. The crypto asset’s recovery, potential for growth and recent technological developments are clear examples of its innovative prowess.
NEAR Coin News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sat, 18 May 2024 13:47:00 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 7
