NEAR Protocol ($NEAR) Crypto Forecast: Down 6.2% Today

What is NEAR Protocol?

NEAR is a cryptocurrency token known for its focus on scalability and usability in decentralized applications. The overall cryptocurrency market has been volatile with various tokens reacting to both internal and external factors.

Why is NEAR Protocol going down?

NEAR crypto is down 6.2% on Nov 19, 2024 21:16

• Despite positive developments of Deutsche Telekom joining the NEAR blockchain for enhanced decentralization and network security, NEAR experienced a bearish movement today.
• Mention of NEAR targeting $8.5 in the next rally might have set high expectations among investors, leading to profit-taking and a bearish trend.
• The general rebound of AI tokens amid a Bitcoin rally could have shifted investor focus away from NEAR, causing a dip in its price.
• The upcoming US economic events could be creating uncertainty in the overall crypto market, impacting tokens like NEAR negatively despite positive developments within the project.

NEAR Price Chart

NEAR Technical Analysis

NEAR News

AI Tokens Rebound Amid Bitcoin Rally

AI Tokens Rebound Amid Bitcoin Rally

https://thedefiant.io/news/markets/ai-tokens-rebound-amid-bitcoin-rally

4 US Economic Events That Could Impact Crypto Market This Week

4 US Economic Events That Could Impact Crypto Market This Week

https://beincrypto.com/us-economic-events-third-week-november/

NEAR targets $8.5 in next rally, but can it beat THIS level first?

NEAR targets $8.5 in next rally, but can it beat THIS level first?

https://ambcrypto.com/near-targets-8-5-in-next-rally-but-can-it-beat-this-level-first/

Top 3 Artificial Intelligence (AI) Coins For the Second Week of November 2024

Top 3 Artificial Intelligence (AI) Coins For the Second Week of November 2024

https://beincrypto.com/ai-tokens-of-the-second-week-november/

Deutsche Telekom Joins NEAR Blockchain to Enhance Decentralization and Network Security

Deutsche Telekom Joins NEAR Blockchain to Enhance Decentralization and Network Security

https://cryptodnes.bg/en/deutsche-telekom-joins-near-blockchain-to-enhance-decentralization-and-network-security/

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NEAR Protocol Price History

12.10.2024 - NEAR Crypto was up 7.0%

• Deutsche Telekom and Meta Pool are collaborating to pioneer decentralized AI on the NEAR Protocol, showcasing a strong use case for NEAR's technology in real-world applications.
• NEAR Protocol's announcement to build the world's largest open-source AI model could have sparked investor interest and confidence in the project's long-term potential.
• The upcoming launch of NEAR's crosschain AI Assistant, offering services like booking flights and ordering takeout, demonstrates the token's practical utility and adoption in everyday scenarios, further driving up demand and positive market sentiment.

18.10.2024 - NEAR Crypto was up 5.4%

• NEAR is projected to reach $8.5 in the next rally, benefiting from positive sentiment and investor confidence.
• Collaboration with Deutsche Telekom aimed at enhancing decentralization and network security is seen as a factor pushing up NEAR's value and demonstrating its credibility for growth.
• Market impact from upcoming US economic events might have contributed to NEAR's upward trend, as investors turn to cryptocurrencies for portfolio diversification.
• NEAR's strong performance amidst recent market changes, including a decline in HBAR, underscores its appeal and resilience to investors.

13.10.2024 - NEAR Crypto was up 5.6%

• NEAR experienced a strong bullish movement, rallying by 42% and nearing the $20 mark.
• The partnership between Deutsche Telekom and Meta Pool to pioneer decentralized AI on the NEAR Protocol likely boosted investor confidence in NEAR's technology and potential.
• The positive news surrounding NEAR's technological advancements and partnerships may have attracted more investors, leading to the significant price increase.
• The overall positive sentiment in the cryptocurrency market, coupled with specific developments within the NEAR ecosystem, contributed to the bullish movement of the token.

13.10.2024 - NEAR Crypto was up 6.5%

• NEAR's strong bullish movement today can be attributed to the announcement of Deutsche Telekom joining forces with Meta Pool to pioneer decentralized AI on the NEAR Protocol.
• The news of Upbit Crypto Exchange listing 12 digital assets on the USDT market may have also contributed to the positive sentiment surrounding NEAR.
• The 42% rally in NEAR's price, pushing it closer to $20, could be a result of increased investor interest following the positive developments with Deutsche Telekom and Meta Pool.
• Overall, the partnership with a major telecommunications company like Deutsche Telekom and the focus on decentralized AI have likely boosted confidence in NEAR's potential, driving the bullish market movement.

13.10.2024 - NEAR Crypto was up 5.6%

• NEAR experienced a strong bullish movement, rallying by 42% and nearing the $20 mark, following developments related to Deutsche Telekom's collaboration with Meta Pool to pioneer decentralized AI on the NEAR Protocol.
• The partnership with a major telecommunications company like Deutsche Telekom likely boosted investor confidence in NEAR's technology and potential for real-world adoption.
• The positive sentiment surrounding NEAR was further supported by the overall market conditions and the announcement of 12 digital assets being listed on the USDT market by Upbit, indicating a growing interest in cryptocurrencies.
• Despite some tokens like HBAR falling, NEAR's unique developments and partnerships set it apart, driving its impressive price surge.

11.10.2024 - NEAR Crypto was up 11.1%

• NEAR's bullish movement today is due to positive developments in the project, such as the announcement of a crosschain AI Assistant for enhancing user experience.
• The plan to create the world's largest 1.4T parameter open-source AI model reflects NEAR's commitment to innovation, appealing to investors.
• The introduction of a new framework in collaboration with Socket to enhance crypto usability could have boosted confidence in NEAR's long-term potential.
• These positive developments and strategic partnerships likely fuel the bullish momentum of NEAR in the market today.

11.10.2024 - NEAR Crypto was up 8.6%

• NEAR's bullish movement today can be attributed to advancements in AI technology and consumer-friendly frameworks.
• The announcements of building the world's largest open-source AI model and the development of a crosschain AI assistant for everyday tasks have likely sparked investor interest in NEAR.
• The unveiling of a game-changing framework in collaboration with Socket to make crypto more consumer-ready could have also contributed to the positive sentiment surrounding NEAR, leading to its price increase.
• Overall, NEAR's focus on innovative AI solutions and enhancing user experience in the crypto space seems to have resonated well with the market, driving its bullish movement.

12.10.2024 - NEAR Crypto was up 15.4%

• NEAR experienced a strong bullish movement today, rising more than 3% in 24 hours.
• The surge in NEAR's price could be attributed to the series of positive developments highlighting its collaboration with Deutsche Telekom, plans to build the world's largest open-source AI model, and the development of a crosschain AI assistant.
• These announcements have likely generated excitement among investors, showcasing NEAR's potential for innovation and adoption within the decentralized AI space.
• The market movement reflects growing confidence in NEAR's technological capabilities and its ability to revolutionize AI applications on the blockchain, driving up demand for the token.

19.10.2024 - NEAR Crypto was down 6.2%

• Despite positive developments of Deutsche Telekom joining the NEAR blockchain for enhanced decentralization and network security, NEAR experienced a bearish movement today.
• Mention of NEAR targeting $8.5 in the next rally might have set high expectations among investors, leading to profit-taking and a bearish trend.
• The general rebound of AI tokens amid a Bitcoin rally could have shifted investor focus away from NEAR, causing a dip in its price.
• The upcoming US economic events could be creating uncertainty in the overall crypto market, impacting tokens like NEAR negatively despite positive developments within the project.

15.10.2024 - NEAR Crypto was up 5.0%

• NEAR experienced a strong bullish movement, rallying by 42% and approaching the $20 mark after a major telecommunications company joined the NEAR blockchain to enhance decentralization and network security.
• The partnership with a major telecommunications company likely boosted investor confidence in NEAR's technology and future prospects, leading to the significant price surge.
• The positive sentiment towards NEAR was further supported by the overall bullish trend in the cryptocurrency market and the listing of 12 digital assets on the USDT market by a crypto exchange, indicating growing interest and investment in the crypto space.
• Despite some other cryptocurrencies facing a decline, NEAR's collaboration news and the general market optimism propelled its impressive upward movement.

14.10.2024 - NEAR Crypto was down 5.3%

• The bearish movement in NEAR today could be attributed to profit-taking by traders after a significant 42% rally recently.
• Despite positive developments, market sentiment may have shifted leading to the bearish movement.
• The performance of the CoinDesk 20 index, with HBAR falling 11.4%, might have influenced broader market trends and contributed to NEAR's decline.
• The announcement of digital assets listing on the USDT market could have diverted some attention and trading volume away from NEAR, impacting its price negatively.

17.10.2024 - NEAR Crypto was down 5.5%

• NEAR's bearish movement could be attributed to profit-taking by investors after a recent price surge.
• The involvement of Deutsche Telekom in the NEAR blockchain may have initially boosted confidence but was overshadowed by broader market sentiment.
• The market's current focus on AI coins may have diverted attention and investment away from NEAR temporarily.
• The performance update of HBAR falling could have had a spillover effect on other cryptocurrencies, including NEAR, contributing to the bearish movement.