NEAR Protocol Surges: A 6% Price Climb in 24 Hours
NEAR Protocol Sees Significant Price Gain
In the world of cryptocurrencies, NEAR Protocol has made headlines with its remarkable price increase of 6.68% in the last 24 hours, now sitting at $4.14. This upward trend adds to its weekly performance, showcasing a growth of over 1.0% from a previous value of $4.0.
Historical Price Insights of NEAR
Currently, NEAR Protocol holds an all-time high of $20.44. This high is a testament to the coin's potential and its status within the volatile cryptocurrency market.
Price Movement Analysis
To illustrate recent price volatility, a comparison can be drawn between the past 24 hours and the previous week. The dynamics of market fluctuations are displayed in a graphical representation, with Bollinger Bands showcasing the volatility level. The wider the bands, the more significant the fluctuations experienced by NEAR Protocol.
Trading Volume Actions
Moreover, the trading volume for NEAR Protocol has seen a decrease of 13.0% over the past week. This movement aligns with a slightly decreased circulating supply of 0.17%, now recorded at 1.11 billion coins. These factors reflect a tightening market atmosphere.
Current Market Standing
As of now, NEAR Protocol ranks #25 in market capitalization, boasting a valuation of approximately $4.59 billion. Such standing demonstrates its resilience and presence in the competitive crypto landscape.
Frequently Asked Questions
What caused the recent price increase of NEAR Protocol?
The recent price surge can be attributed to a combination of market demand and positive investor sentiment, resulting in a 6.68% increase.
What is NEAR Protocol's all-time high?
NEAR Protocol's all-time high stands at $20.44, indicating its potential for substantial growth.
How has the circulating supply changed?
The circulating supply of NEAR Protocol has decreased by 0.17%, currently totaling 1.11 billion coins.
Where does NEAR stand in market capitalization?
As of now, NEAR Protocol holds the #25 ranking in market capitalization with a total valuation of approximately $4.59 billion.
What do Bollinger Bands indicate about NEAR's volatility?
Bollinger Bands serve as a visual tool to illustrate price volatility; wider bands suggest increased fluctuation while tighter bands indicate stability.
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