NEAR Protocol ($NEAR) Crypto Forecast: Down 5.8% Today

What is NEAR Protocol?

NEAR Protocol (NEAR) is a decentralized application platform designed to make it easier for developers to build applications on the blockchain. The overall cryptocurrency market has been experiencing volatility recently.

Why is NEAR Protocol going down?

NEAR crypto is down 5.8% on Mar 29, 2025 4:46

• NEAR token likely experienced a bearish movement due to the overall market sentiment in the cryptocurrency space, as seen with Ethereum hitting a 4-year low against BTC.
• The introduction of new altcoins like Cardano to a large user base may have diverted attention and investment away from NEAR.
• Despite funding secured for expansion, the positive news did not have a direct impact on NEAR's performance.
• The bearish trend in NEAR could also be attributed to profit-taking by investors following a period of price increase, leading to a temporary downturn in the token's value.

NEAR Price Chart

NEAR Technical Analysis

NEAR News

Why is Crypto Crashing? Ethereum Price Hits 4-Year Low Against BTC

Why is Crypto Crashing? Ethereum Price Hits 4-Year Low Against BTC

https://coinpedia.org/news/why-is-crypto-crashing-ethereum-price-hits-4-year-low-against-btc/

Abound Secures $14 Million Funding to Expand Global Reach

Abound Secures $14 Million Funding to Expand Global Reach

https://coincu.com/328924-abound-14m-funding-global-expansion/

Nubank Introduces Cardano and Other Altcoins to 100 Million Users

Nubank Introduces Cardano and Other Altcoins to 100 Million Users

https://coinpaper.com/8204/nubank-introduces-cardano-and-other-altcoins-to-100-million-users

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NEAR Protocol Price History

01.02.2025 - NEAR Crypto was up 6.1%

• NEAR's bullish movement could be attributed to the partnership with Coinbase to democratize access to AI services, which has generated positive sentiment among investors.
• The alliance formed by NEAR and other crypto firms to develop open AI services may have also contributed to the positive market reaction, showcasing the potential for innovation within the industry.
• The surge in AI crypto tokens ahead of Nvidia's Q4 earnings indicates a growing interest in the intersection of artificial intelligence and blockchain technology, further boosting NEAR's performance.
• The launch of instant blockchain deployment by Aurora Labs and the support for multiple blockchains by Dune could be seen as positive developments for the overall blockchain ecosystem, indirectly benefiting tokens like NEAR.

02.02.2025 - NEAR Crypto was up 5.5%

• NEAR saw a significant increase likely attributed to a collaboration between NEAR AI and Coinbase to enhance AI accessibility, potentially boosting investor confidence in the token's future.
• The positive sentiment in the cryptocurrency market, illustrated by Bitcoin reaching $78K, may have also influenced NEAR's upward trend.
• An alliance between various crypto firms, NEAR and Coinbase included, to create open AI services, might have further uplifted NEAR's value, showcasing a growing ecosystem and potential for innovation in the cryptocurrency sector.

24.02.2025 - NEAR Crypto was up 5.1%

• Strong bullish movement was observed in NEAR today.
• Discussions on advances in decentralized AI were held by the co-founder of NEAR at NVIDIA GTC.
• Jensen Huang's Nvidia partnership with Elon Musk's xAI, Microsoft, BlackRock, and MGX potentially impacted NEAR's positive market movement.
• Speculation on NEAR's potential to increase 10 times as one of the AI crypto tokens gained traction, sparking investor interest and buying activity.

07.02.2025 - NEAR Crypto was down 5.2%

• NEAR experienced a bearish movement likely due to profit-taking after a recent price surge.
• The upcoming White House Crypto Summit could be creating uncertainty in the market, leading to a sell-off in NEAR.
• The overall bearish sentiment in the cryptocurrency market, as evidenced by BTC's decline and market-cap below 2021 levels, may have also contributed to NEAR's downward movement.
• Investors might be shifting their focus to other cryptocurrencies, such as FET and RNDR, leading to a temporary dip in NEAR's price.

04.02.2025 - NEAR Crypto was down 16.8%

• NEAR saw a bearish trend today, potentially due to investors taking profits following a bullish period.
• Collaborative efforts between NEAR AI and Coinbase in open AI services development might have sparked concerns regarding a shift away from NEAR's core blockchain technology.
• Negative market sentiment, exemplified by Bitcoin's price decrease and overall market cap decline, likely influenced NEAR's bearish performance.

11.02.2025 - NEAR Crypto was up 11.5%

• NEAR experienced a strong bullish movement today, potentially driven by its partnership with RSS3 to enhance the decentralized web.
• The upcoming White House Crypto Summit could have also contributed to the positive sentiment around NEAR, as investors anticipate potential discussions and outcomes that could benefit crypto assets like NEAR.
• The market's optimism towards NEAR, FET, and RNDR, especially in comparison to BTC, indicates a growing interest in alternative cryptocurrencies with unique value propositions and potential for outperformance.
• Overall, NEAR's bullish movement today may be a combination of positive news catalysts, strategic partnerships, and broader market trends favoring innovative crypto projects.

05.02.2025 - NEAR Crypto was up 5.9%

• The bullish movement in NEAR today can be attributed to the following factors:
• NEAR AI partnering with Coinbase to make AI more accessible could have increased investor confidence in the project's long-term potential.
• The positive sentiment surrounding the White House Crypto Summit 2025 may have boosted interest in cryptocurrencies, including NEAR.
• The overall bullish trend in the cryptocurrency market, with BTC reaching $78K, could have led to increased buying pressure on NEAR as well.

14.02.2025 - NEAR Crypto was up 5.5%

• NEAR's bullish movement is linked to its partnership with RSS3 to enhance the decentralized web, highlighting its dedication to innovation and growth in the blockchain space.
• The varied performance in the cryptocurrency market, with NEAR showing positive results, suggests that investors are strategically selecting assets based on fundamental advancements and growth potential.
• NEAR's collaboration with RSS3 might have boosted investor confidence, leading to increased token demand and driving its upward movement.
• The partnership's emphasis on strengthening the decentralized web aligns with the current decentralization trend, potentially exciting traders and contributing to NEAR's strong performance.

08.02.2025 - NEAR Crypto was down 5.2%

• NEAR experienced a bearish movement despite the upcoming White House Crypto Summit, indicating a possible disconnect between market expectations and actual performance.
• The bullish sentiment towards other crypto tokens like FET and RNDR could have diverted attention and investment away from NEAR.
• The negative impact of tariffs on BTC and the overall crypto market cap being below 2021 levels might have contributed to the bearish trend in NEAR, reflecting broader market uncertainties.
• The price prediction for NEAR in the long term may not have provided immediate positive sentiment, leading to profit-taking and selling pressure in the short term.

29.02.2025 - NEAR Crypto was down 5.8%

• NEAR token likely experienced a bearish movement due to the overall market sentiment in the cryptocurrency space, as seen with Ethereum hitting a 4-year low against BTC.
• The introduction of new altcoins like Cardano to a large user base may have diverted attention and investment away from NEAR.
• Despite funding secured for expansion, the positive news did not have a direct impact on NEAR's performance.
• The bearish trend in NEAR could also be attributed to profit-taking by investors following a period of price increase, leading to a temporary downturn in the token's value.

01.02.2025 - NEAR Crypto was up 8.6%

• NEAR's partnership with Coinbase to make AI accessible for billions likely boosted investor confidence in the token, leading to the bullish movement.
• The formation of an alliance with other crypto firms to develop open AI services could have also contributed to the positive sentiment surrounding NEAR.
• These collaborations and initiatives in the AI space showcase NEAR's commitment to innovation and market expansion, attracting more investors to the token and driving up its value.

28.02.2025 - NEAR Crypto was down 5.3%

• NEAR's bearish movement could be attributed to profit-taking by investors after a recent price surge.
• The introduction of Cardano and other altcoins to 100 million users by Nubank may have diverted some attention and investment away from NEAR.
• Abound securing $14 million funding to expand its global reach may have shifted investor focus towards other projects, leading to a sell-off in NEAR.
• Overall market sentiment and profit-taking behaviors likely contributed to NEAR's bearish movement despite positive developments in the cryptocurrency space.