⇑ Near Coin in the Rise Amid Cryptocurrency Fluctuations

The cryptocurrency market has been very active as per recent developments. First off, Solana continued to fluctuate around the $150 mark, with bearish on-chain metrics presenting a potential concern. Similarly, cryptocurrencies like Litecoin have turned towards options like Koala Coin for comfort. Meanwhile, Bitcoin continued to hover around the $70k mark with outflows from the GBTC picking up once more. Binance Coin was met with resistance whilst Near Protocol worked on launching chain signatures.

Near Protocol was remarkable, positive news came in the form of an Artificial Intelligence hiring effort as a part of its AI roadmap. Near Protocol saw promising traction in the market as it soared up the crypto leaderboard. Parallelly, the protocol was also working on launching multichain transactions from a single account.

Concerned with other cryptocurrencies, Bitcoin was met with brief resistance at $48.5K. However, its halving in 2024 is anticipated to drive prices up. Ethereum's Dencun Upgrade was also in the works aiming for near-zero fees. Cardano and Solana saw minor declines, however, for the Bitcoin ETF, net inflows hovered near $1B after three days. Coinbase stock continued to climb to a near two-year high amidst ETF euphoria, but it may face potential near-term volatility owing to regulatory hurdles.

Ahead of the Nvidia AI conference, Near Protocol surged a commendable 100%. Its value climbed as investor interest peaked. NEAR token rallies were also observed leading up to Nearcon Conference. NEAR Protocol gained 150.90% in the last month and it is predicted to reach $ 10.20 by March 2024. However, NEAR Protocol also experienced a 7% fall.

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