1
NEAR crypto price is currently trading at $1.11313085 with a 3.30% drop in the last 24 hours with a market cap of $1.049 Billion.
2
NEAR crypto price decreased by 1.02% over the past seven days.
Near Protocol has seen a surge in user activity and network fees since January. The Layer 1 (L1) blockchain network has witnessed a huge increase in the daily count of users, reaching a peak of 926,943 on September 5th. This is a 2500% jump from the 36,211 users recorded on January 1st. The growing demand for the network’s native token NEAR Protocol has also driven up the network fees and revenue.
Source: Twitter
The price action of the NEAR crypto showed that selling pressure was noted on the charts and was in a downtrend, forming lower lows over the past few months. Moreover, due to declining investor interest, trading volume was below average.
The ongoing trend favors bears. The crypto was also in a corrective phase, which made buyers cautious. Moreover
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