↘ Mixed performance and ambitious steps shape Near Coin's Outlook

Changes in the cryptocurrency market present a mixed outlook for NEAR Coin. The Solana network is said to be not meeting its expected performance, and the NEAR and SHIB rally has sparked interest in Koala Coin. Expected trading metrics surge for both NEAR Protocol and Shiba Inu in April implies increased market activity, and the success of KangaMoon's presale might positively influence NEAR Protocol.

Crypto analysts are optimistic about five unidentified coins, echoing mixed sentiments about Solana's near $150 value. Bitcoin showcases stability near $71K, with its quadrennial halving event looming, which capsizes market conditions. NEAR Protocol and Litecoin show promise, alongside the growing popularity of Koala Coin. However, a 4% price drop triggered talks of a potential crash in the Near Protocol.

Different cryptos like Render and Raboo are gaining investors' attention as Near Protocol climbs the crypto leaderboard. Near's focus on integrating AI and hiring AI-engineers indicates long-term ambitions. Bitcoin takes liquidity near $69K as the market flutters.

Given the high funding rate, a Bitcoin pullback may still occur. Enabling multichain transactions from a single account enhances NEAR's utility. A new collaboration with Polygon Labs on a ZK solution hints at NEAR's forward-thinking steps.

The bearish outlook suggests a further 7% fall in the NEAR price, potentially testing its crucial support. Concurrently, Bitcoin ETF's net outflows nearing $500M, and Blackrock's Bitcoin ETF nearing 200k BTC imply cryptomarket fluctuations. Despite all these, fresh partnership with Nym and the upcoming Nearcon conference might boost Near Token's outlook in the near term.

NEAR Coin News Analytics from Tue, 16 Apr 24 22:22:10 GMT to Wed, 17 Apr 2024 22:22:10 GMT - Rating -3