One Cryptocurrency Sustaining Above the Support Levels- NEAR Protocol (NEAR)

Cryptocurrency Report.

One Cryptocurrency Sustaining Above the Support Levels- NEAR Protocol (NEAR)

22 August 2024

| Read Time :5:00 Mins

NEAR

Investment Type

Crypto

Risk Level

Action

Rec. Price (US$)

Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. NEAR Protocol (NEAR) was created by NEAR Collective, a community that works on initial coding and releases updates to resolve blockchain constraints such as slow transaction speeds, inferior throughput, and poor interoperability. NEAR has a market capitalization of ~USD 4.72 billion (as per TradingView as of August 22, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a negative note and maintained a bearish momentum for the entire week. The index declined by 49.92 points (~1.28%) to 3838.48 for the week ending August 16, 2024. In the current week starting August 19, 2024, the index is trading with positive momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bullish momentum for the current week.

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