NEAR Protocol Surges 138% in a Month, Enters Top 20 by Market Capitalization
Summary
- NEAR Protocol has surged about 138% over the past month, lifting it into the top 20 by digital-asset market capitalization (16th).
- As of 5:25 p.m. on October 8, NEAR was trading at $5.36, with a market capitalization of about $7 billion.
- The recent rally has been supported by the launch of a spot exchange-traded product (ETP) in the U.S. market and NEAR Intents' cumulative trading volume surpassing $31 billion.
Forecast Trend Report by Period
NEAR Protocol has surged over the past month, lifting the token into the top 20 digital assets by market capitalization.
As of 5:25 p.m. on October 8, NEAR was trading at $5.36, up 4.17% from a day earlier. Its market capitalization stood at about $7 billion, ranking 16th among cryptocurrencies.
NEAR Protocol has gained about 138% over the past 30 days.
The recent rally was driven by ecosystem growth and the launch of a U.S. spot exchange-traded product, or ETP. Cumulative trading volume on NEAR Intents, a cross-chain trading protocol built on NEAR Protocol, recently surpassed $31 billion.
Investor access to NEAR Protocol has also expanded in the U.S. market. On September 29, global asset manager Bitwise launched the first U.S. spot ETP tied to NEAR Protocol. The product trades on NYSE Arca under the ticker "NRR."
Uk Jin
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