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

Cryptocurrency Report.

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

22 February 2024

| Read Time :5:00 Mins

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 3.27 billion (as per TradingView as of February 22, 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 310.05 points (~9.33%) to 3631.98 for the week ending February 16, 2024. In the current week starting February 19, 2024, the index is trading with negative momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing negative momentum for the current week.

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