NEAR, as the native cryptocurrency of Near Protocol, has recently shown strong upward momentum in the cryptocurrency market. According to the latest data, NEAR has achieved significant appreciation in just one month, with an increase of more than 50%, and hit a high of $5.21 in trading, and there is still room for growth thereafter. This series of positive performances has undoubtedly triggered widespread market attention and speculation about the future trend of NEAR.
There are many factors driving the price of NEAR tokens, the most critical of which is the continuous breakthroughs of Near Protocol at the technical level. The platform has successfully implemented blockchain sharding technology. This milestone achievement not only greatly improves the scalability and security of the network, but also lays a solid foundation for the long-term growth of NEAR tokens. In addition, as the demand for decentralized applications (DApps) continues to grow, Near Protocol is gradually becoming a leader in the blockchain field with its lightning-fast transaction speed and low transaction fees.
The partnership between Nvidia and Alibaba Cloud also brought positive market response to NEAR tokens. This cooperation aims to promote the development of China's autonomous driving industry, and artificial intelligence, as one of its core driving forces, naturally attracted the attention of a large number of investors. Therefore, artificial intelligence-themed crypto tokens including NEAR have benefited from this and showed a strong upward trend.
Judging from on-chain data, NEAR’s rise is not groundless. Over the past month, activity and adoption on the Near Protocol network have increased significantly. According to statistics from NearBlocks.io, the daily transaction volume and the number of new addresses on the platform have increased significantly, reflecting users' strong interest in the NEAR token and its ecosystem. At the same time, the significant increase in total value locked (TVL) further proves Near Protocol’s appeal and potential.
In the derivatives market, the open interest of NEAR tokens is also growing, indicating the market's confidence and optimism about the token. With the continuous strengthening of the market structure and the active involvement of buyers, NEAR tokens are expected to further break through the existing resistance level and move towards higher prices.
In the future, the upward trend of NEAR tokens is expected to continue. Bullish forces are gradually taking the lead and are expected to drive prices to continue to rise. However, we must also remain vigilant and pay close attention to market dynamics and risk factors.
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