One Cryptocurrency Sustaining Below the Resistance Levels- NEAR Protocol (NEAR)

Cryptocurrency Report.

One Cryptocurrency Sustaining Below the Resistance Levels- NEAR Protocol (NEAR)

30 May 2024

| Read Time :5 min

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 8.21 billion (as per TradingView as of May 30, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a positive note and maintained a bullish momentum for the entire week. The index advanced by 261.37 points (~5.78%) to 4786.65 for the week ending May 24, 2024. In the current week starting May 27, 2024, the index is trading with negative momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bearish momentum for the current week.

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