NEAR Protocol 30% Price Jump Just the Start
The festive season always springs a surprise or two, the latest of which is the ~30% price surge of NEAR Protocol (NEAR) since the turn of the calendar year. This, of course, coincides with the spectacular ~5,000% rise in the price of Solana's newly-launched dog coin, Bonk (BONK), in ONE WEEK – yes, you read that right!
NEAR Protocol price statistics
To put things into perspective, NEAR was priced at a low of $1.24 on 1 January, 2023 and a high of $1.62 on 5 January, 2023. That is a substantial price growth of around 30%.
If we look at NEAR Protocol's price increase over the last 24 hours (at the time of writing), the cryptocurrency has advanced by more than 10%. While $1.62 is nowhere near the crypto token's all-time high of $20.44 (16 January, 2022), the signs are positive, as NEAR Protocol (yes, we are talking about the blockchain on this occasion) is a highly-valued ecosystem with a plethora of projects building on it.
There are as many as 750 active projects and 125 DAOs on the blockchain. These include the likes of Aurora, Octopus Network, Ref Finance, Arweave, The Graph, TenK DAO, and more.
Well, you may not have heard of these projects before or delved into the intricacies of the blockchain ecosystem. Here is why you SHOULD NOT be sleeping on the latest NEAR Protocol price surge.
The latest NEAR Protocol price jump is only the start
The blockchain ecosystem’s goal is to build the open web together and provide projects building on it with all feasible support.
This includes strong venture support with more than $120M awarded already, a robust technical base, a vibrant community of in excess of 550k members, collaboration through DAOs, local presence through regional hubs, and several Web3 career opportunities (150+ active openings at the time of writing).
The DApps on the blockchain serve several use cases, including DeFi, NFTs, and community (do try Sweatcoin!).
The Web3 ecosystem is here to stay (DYOR fam!).
Author: Surajdeep Singh
Surajdeep Singh has been working in the tech sphere as a marketing guru and journalist for over 6 years, with his speciality laying in blockchain and Web3. He has donned several hats in marketing and journalism over the years and worked with many reputable brands. Feel free to reach out to him on LinkedIn!