NEAR Protocol (NEAR) is up 40% In the Last 24 Hours despite market pull-back: A very strange day for Bitcoin today. The crypto market was highly optimistic with BTC nearing $53,000, and yet, in a matter of hours, Bitcoin had its worst crash in months.
During the crash, many major cryptos suffered losses, pushing lower after BTC decreased significantly in a relatively short period. However, NEAR Protocol surged even though some digital assets were all red.
The open-source platform that accelerates the development of decentralized applications (DApps) is in a bullish mode in the last 24 hours. NEAR Protocol surged from $6 yesterday to around $9 today. Thus, it means the token rose by over 40.20% in the past 24-hour period.
Moreover, with a 24-hour trading volume of $1,720,054,645, NEAR Protocol gained 41st place, making it to the list of top 50 largest cryptos by market cap. Currently, it has a circulating supply of 449,669,568 NEAR coins and a maximum supply of 1,000,000,000 NEAR coins.
NEAR Protocol is a DApp platform that runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade. In addition, it aims to provide scalability and stable fees. What is more, the project claims to be a climate-neutral, high-speed, and low transaction fee Layer-1 blockchain platform.
Yesterday, NEAR Protocol announced on Twitter that Humanguild is hosting an AMA with the NEAR Wallet+ Meta Pool. Also, the Meta Pool posted on the medium blog saying,
We are ending the second week with close to 3.2 million NEAR tokens in Total Value Locked (TVL).