NEAR Protocol’s recent price rise may be just the beginning, as it is currently trading at $4.47, a 12% increase. Market sentiment is significantly tilted towards optimism, as is clearly reflected in the fact that 63% of NEAR traders hold bullish long positions. Network activity cannot be ignored. Daily transaction volume has surged, almost hitting a peak in the past two weeks, highlighting users' high frequency of use and strong demand.
In-depth analysis of on-chain data shows a sharp increase in the number of new addresses, with nearly 900,000 new addresses pouring into the NEAR ecosystem every day. This number fully illustrates the rapid expansion and increasing attractiveness of its community. In addition, NEAR’s open interest climbed to $184 million, reaching an eight-week high, a strong hint that traders are optimistic about higher prices in the future.
Behind this series of positive developments is partly due to the improvement of the overall market atmosphere, especially driven by the Federal Reserve's interest rate cut policy, the entire cryptocurrency market has ushered in a rising wave. It is worth mentioning that NEAR has also demonstrated extraordinary strength in the field of artificial intelligence currency, accounting for 15% of the total market value of the market. This achievement further consolidates its leading position in the industry.
To sum up, the long-term development prospects of NEAR Protocol appear particularly optimistic. If you want to explore further, you can consider the following aspects: such as NEAR's technical updates and upgrades, cooperation dynamics with other blockchain projects, the market's exploration and expansion of its application scenarios, and the potential impact of the policy and regulatory environment on it. Impact etc.
