Zooming NEAR: Solid 75% Growth Sparks Crypto Frenzy
Cryptocurrency analysts are abuzz with chatter surrounding NEAR Protocol (NEAR) as the token experiences a meteoric rise in value.
The past month has been nothing short of phenomenal for NEAR, with its price leaping by an impressive 130%.
Related Reading: Bitcoin Hodlers Eye Long Term: $520 Million BTC Go To Cold Storage Will NEAR Hit $8? This surge, which translates to an impressive $7.91 per token at the time of writing, has not gone unnoticed, igniting a firestorm of interest and speculation within the investment community.
But is this a genuine upswing or simply a fleeting fad? Source: CoinMarketCap Breaking A Downtrend Or Chasing A Fad? While some analysts, like the prominent Rekt Capital, view this surge as a potential reversal of a multi-year downtrend, others urge caution.
The cryptocurrency market, after all, is notorious for its wild fluctuations.
A token’s price can reach dizzying heights only to come crashing down just as quickly.
$NEAR Finally – Near Protocol has revisited its multi-year Macro Downtrend Now #NEAR will try to break this to further build on its current bullish momentum Breaking this Macro Downtrend would likely see price revisit the old All Time High resistance area #BTC #NEARprotocol…