NEAR Protocol’s native token has emerged as one of the top performers in the last 24 hours. Bitcoin’s price is steadily rising after the recent halving, surging above $66,000 for the first time in a week.
Other altcoins have also seen modest gains, with Ethereum reclaiming $3,200 and BNB surpassing $600.
Bitcoin’s Rollercoaster Week
Bitcoin started the business week with a rebound, reaching close to $67,000 on Monday, showcasing a recovery from the previous weekend’s losses. However, geopolitical tensions, notably between Iran and Israel, among other external factors, exerted downward pressure on the asset once more.
Bitcoin dipped below $60,000 multiple times during the week, including a drop on Friday just before the highly anticipated fourth halving event.
Despite the setbacks, Bitcoin quickly bounced back, soaring to around $65,000 shortly afterward. This surge persisted as the block rewards for miners were halved. Since then, BTC has been steadily climbing, reaching a weekly peak of over $66,000 earlier today.
Its market cap has reached $1.3 trillion on CoinGecko, with its dominance over alternative cryptocurrencies rising to 51%.

Altcoins Follow Bitcoin’s Lead with Mixed Gains
Most altcoins have mirrored Bitcoin’s upward trajectory, albeit with minor gains. Ethereum has seen a 1% increase in the past 24 hours, surpassing $3,200, while Binance Coin has surged over 4%, trading above $600.
Mixed Performance Among Altcoins: Several altcoins, including SOL, XRP, ADA, AVAX, DOT, and LINK, have experienced gains, while others like TON, DOGE, SHIB, TRX, and BCH are slightly down.
NEAR Protocol Leads in Value Addition: Among larger-cap altcoins, NEAR Protocol’s native token has seen the most significant increase in value over the past 24 hours. NEAR has surged by approximately 8%, approaching $7.
Total Crypto Market Cap on the Rise: The total cryptocurrency market cap has risen by an additional $40 billion overnight, exceeding $2.550 trillion on CoinGecko.

In Summary
Bitcoin had a volatile week, initially rebounding to nearly $67,000 but facing downward pressure due to geopolitical tensions, dipping below $60,000 multiple times. However, it quickly recovered, reaching $65,000 as miners’ rewards halved. Bitcoin hit a weekly peak of over $66,000, with its market cap reaching $1.3 trillion and dominance over altcoins rising to 51%.
Most altcoins saw minor gains, with Ethereum surpassing $3,200 and Binance Coin trading above $600. Some altcoins, like SOL, XRP, ADA, AVAX, DOT, and LINK, experienced gains, while others, including TON, DOGE, SHIB, TRX, and BCH, saw slight declines. NEAR Protocol’s token surged approximately 8%, nearing $7, leading among larger-cap altcoins. The total cryptocurrency market cap increased by $40 billion, exceeding $2.550 trillion on CoinGecko.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#NEARProtocol #NEAR

The Near blockchain recorded a 1,902% year-over-year increase in unique active wallets (UAWs) in 2023, the highest among Ethereum competitors.Despite challenges, the DApp industry experienced overall growth in 2023, with a 124% increase in UAWs, averaging 4.2 million daily.
Near’s Remarkable Growth in the DApp Space
In a striking development within the decentralized applications (DApps) ecosystem, the Near blockchain, a competitor to Ethereum, has recorded an exponential increase in user engagement. According to DappRadar’s yearly industry report, Near observed a 1,902% surge in new unique active wallets (UAWs) in 2023, marking the most substantial growth among all blockchain platforms.
Challenging Ethereum’s Dominance
This remarkable expansion positions Near at the forefront of Ethereum’s challengers. It highlights the platform’s successful year in attracting a large user base to its smart contract capabilities and decentralized applications. Near’s impressive growth is a testament to its robust technical infrastructure and developer-friendly environment, which have contributed to its appeal in the blockchain community.
Other Key Players in the Industry
Following Near, enterprise-grade blockchain Klaytn (KLAY) and layer-2 solution Arbitrum (ARB) also reported significant increases in UAWs. Klaytn saw a 1,099% rise, while Arbitrum experienced a 624% increase, underscoring the growing interest in alternative blockchain solutions offering unique features and benefits. These platforms have showcased commendable performances, both in terms of network activity and token value appreciation.
Contrasting Performances Among Rivals
On the other side of the spectrum, Ethereum rival Solana (SOL) faced a challenging year, with a 76% decline in new UAWs, partly influenced by its association with the FTX fallout. However, it witnessed a notable recovery towards the end of 2023. Similarly, the Web3-focused blockchain Hive, known for hosting the trading card game Splinterlands, also experienced a drop in UAWs, indicating a challenging year for the platform.
The DApp Industry’s Resilient Growth
Despite some individual setbacks, the DApp industry as a whole saw substantial growth in 2023. The sector recorded a 124% year-over-year increase in UAWs, ending the year with an average of 4.2 million daily UAWs. This growth reinforces the DApp industry’s position as a significant and evolving component of the global financial and technological landscape.
A Year of Diversified Growth and Evolution
In conclusion, 2023 marked a year of diversified growth and evolution in the blockchain and DApp industry. Near‘s unprecedented growth in UAWs sets a new benchmark for Ethereum’s competitors, showcasing the potential for alternative platforms to carve out significant market share. The overall increase in daily UAWs across the industry indicates a robust and expanding ecosystem, resilient in the face of challenges and poised for continued innovation and development in the blockchain space.
Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#NEARProtocol #NEAR