NEAR Protocol ($NEAR) Crypto Forecast: Down 5.1% Today

What is NEAR Protocol?

NEAR is a cryptocurrency token associated with the Near Protocol platform, known for its scalability and low transaction fees. The overall cryptocurrency market has been volatile recently, with investors closely monitoring various tokens for potential trading opportunities.

Why is NEAR Protocol going down?

NEAR crypto is down 5.1% on Jul 3, 2024 14:46

• Today's strong bearish movement in NEAR could be attributed to profit-taking by investors after a recent price increase.
• Despite bullish attempts to overcome resistance levels, market sentiment may have shifted, leading to a downward trend for NEAR.
• The performance update showing NEAR leading on CoinDesk 20 may have initially sparked positive momentum, but external factors or market dynamics likely influenced the bearish movement.
• For traders, staying informed about developments in the cryptocurrency space, such as rebranding efforts and fundraising activities, is essential as they can impact token prices in the short term.

NEAR Price Chart

NEAR News

Near Protocol (NEAR) Bulls Push to Overcome Resistance

Near Protocol (NEAR) Bulls Push to Overcome Resistance

https://beincrypto.com/near-bulls-seek-to-break-above-resistance/

Top AI Cryptocurrencies to Put on Your Watchlist This Month

Top AI Cryptocurrencies to Put on Your Watchlist This Month

https://cryptopotato.com/top-ai-cryptocurrencies-to-put-on-your-watchlist-this-month/

NEAR Protocol's Price Increased More Than 3% Within 24 hours

NEAR Protocol's Price Increased More Than 3% Within 24 hours

https://www.benzinga.com/insights/cryptocurrency/24/07/39598447/near-protocols-price-increased-more-than-3-within-24-hours?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

What’s New in DePin? ATOR Rebrands to Anyone, Verida Raises $5 Million, Synternet Goes Mainnet

What’s New in DePin? ATOR Rebrands to Anyone, Verida Raises $5 Million, Synternet Goes Mainnet

https://beincrypto.com/depin-news-ator-rebrands-synternet-goes-mainnet/

CoinDesk 20 Performance Update: NEAR and AVAX Lead

CoinDesk 20 Performance Update: NEAR and AVAX Lead

https://www.coindesk.com/markets/2024/07/01/coindesk-20-performance-update-near-and-avax-lead/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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NEAR Protocol Price History

02.06.2024 - NEAR Crypto was up 5.7%

• NEAR's price surged over 3% in 24 hours, surpassing other cryptocurrencies like AVAX.
• Growing interest in smart contract platforms such as NEAR may be influenced by the possibility of an Ethereum ETF.
• The DePin ecosystem, with the rebranding of ATOR to Anyone and successful fundraising by Verida, is enhancing confidence and supporting projects like NEAR.
• NEAR's notable performance could be linked to its inclusion in the CoinDesk 20 Performance Update, leading to increased exposure and attracting fresh investors.

01.06.2024 - NEAR Crypto was up 6.5%

• NEAR experienced strong bullish movement today despite the overall market sentiment being bearish.
• The anticipation of an Ethereum ETF and positive momentum in smart contract platforms may have contributed to NEAR's bullish movement.
• NEAR's resilience in the face of a 3% fall in the past 24 hours showcases its strength compared to other cryptocurrencies like Bitcoin.
• The news of an AI trading exchange raising funds with participation from NEAR Protocol holders could have also boosted investor confidence in NEAR's potential, leading to its bullish performance.

28.05.2024 - NEAR Crypto was down 5.3%

• NEAR Protocol experienced a bearish movement, possibly influenced by the overall negative sentiment in the cryptocurrency market due to Bitcoin's decline.
• Solana's potential spot ETF approval may have diverted attention and investment away from NEAR Protocol, impacting its price negatively.
• Despite the bearish trend, NEAR Protocol holders participating in the AI trading exchange's funding round could indicate long-term confidence in the project, potentially leading to a rebound in the future.

26.05.2024 - NEAR Crypto was down 6.3%

• NEAR faced a bearish movement today despite recent positive price momentum, possibly due to a drop in network activity.
• The surge in NEAR price over the past week, aided by AI technology, may have led to profit-taking by investors today, contributing to the bearish movement.
• The comparison of NEAR with other altcoins like Cardano could have also influenced market sentiment, causing some investors to shift their focus to potentially more promising projects.
• The overall bullish sentiment in the cryptocurrency market discussing a potential breakout rally for another token may have diverted attention and capital away from NEAR today, contributing to its bearish movement.

26.05.2024 - NEAR Crypto was down 5.4%

• NEAR experienced a bearish movement despite recent positive news about AI contributing to its surge.
• The drop in NEAR's price could be attributed to the broader market sentiment affecting altcoins, as seen with the potential dethroning of Cardano by other altcoins like NEAR.
• The focus on Solana rivals may have diverted attention and investment away from NEAR, contributing to its bearish movement.
• The correlation between AI coins' performance and Nvidia's stock drop might have influenced market participants to reallocate their investments, impacting NEAR's price negatively.

25.05.2024 - NEAR Crypto was up 5.1%

• NEAR token surged due to decoupling from market sentiments, indicating strong independent price action.
• Speculation about NEAR potentially dethroning other altcoins like Cardano in the future could have fueled investor interest and buying pressure.
• The positive chart outlook for Render (RNDR) token might have contributed to a bullish sentiment in the overall cryptocurrency market, benefiting tokens like NEAR.
• Despite Nvidia's stock drop, AI coins including NEAR demonstrated resilience, suggesting a shift in investor focus towards alternative digital assets.

25.05.2024 - NEAR Crypto was up 5.2%

• NEAR Protocol's bullish movement today can be attributed to positive sentiment indicating its potential to dethrone Cardano and the decoupling with market sentiments, suggesting a potential 8% rise in the next 24 hours.
• The anticipation of a breakout rally for Render (RNDR) token and the focus on Solana rivals may have also contributed to the overall positive sentiment in the cryptocurrency market, indirectly benefiting NEAR Protocol.
• The mention of NEAR Protocol in the context of top AI cryptos to watch in June could have further fueled investor interest and contributed to the bullish movement of the token.
• Overall, the combination of positive news coverage, market decoupling, and industry trends may have driven investors to take bullish positions on NEAR Protocol, leading to its strong upward movement today.

24.05.2024 - NEAR Crypto was up 5.9%

• NEAR experienced a bullish movement likely due to the positive sentiment surrounding the project and its potential to decouple from the broader market trends.
• The anticipation of an 8% rise in the next 24 hours could have attracted investors looking for short-term gains.
• The focus on NEAR in discussions about AI cryptos and crypto innovations indicates growing interest and recognition in the market, contributing to its upward momentum.
• While Bitcoin remained bearish, the surge in PEPE & AI coins suggests a shifting focus towards alternative cryptocurrencies like NEAR, driving its price higher.

22.05.2024 - NEAR Crypto was down 5.2%

• NEAR's AI innovations and potential price target of $7 generated positive sentiment, but the overall bearish trend in the crypto market, especially with Bitcoin, likely impacted NEAR's price.
• Initial excitement from articles showcasing NEAR's AI capabilities and price target might have been overshadowed by the broader market sentiment.
• The divergence in the crypto market could have contributed to the downward pressure on NEAR's price, as investor focus potentially shifted to other assets.

22.05.2024 - NEAR Crypto was down 5.4%

• NEAR experienced a bearish movement despite the overall positive sentiment towards AI coins in the market.
• The bullish hype around AI coins like NEAR might have led to profit-taking by investors, causing a temporary dip in NEAR's price.
• Market divergence and fluctuations in Bitcoin and other altcoin prices could have influenced traders to shift their focus away from NEAR, contributing to the bearish movement.
• Despite the bearish movement today, NEAR's long-term potential in the AI sector remains promising, as indicated by the ongoing AI innovations and positive price targets.

21.05.2024 - NEAR Crypto was up 5.3%

• NEAR experienced a strong bullish movement today, likely fueled by the overall positive sentiment towards AI-related cryptocurrencies.
• The hype surrounding AI coins, including NEAR, contributed to the surge in price as investors are increasingly interested in projects integrating artificial intelligence technologies.
• The market divergence between Bitcoin and altcoins may have also played a role, with investors seeking opportunities in altcoins like NEAR amid Bitcoin's relatively stagnant performance.
• Analysts predicting a surge in Chainlink (LINK) may have also influenced market sentiment towards altcoins, including NEAR, leading to increased buying pressure and driving up the price.

20.05.2024 - NEAR Crypto was up 7.1%

• NEAR Protocol's bullish movement can be attributed to the rising interest and hype surrounding AI-related cryptocurrencies.
• The overall positive sentiment towards AI coins like NEAR and RNDR contributed to the upward momentum of NEAR's price.
• The analyst's prediction of a major surge in Chainlink (LINK) may have also influenced investors to flock towards AI-related tokens like NEAR, driving up its price.
• The increasing demand for Ethereum due to a significant options expiry could have created a spillover effect, boosting the overall sentiment in the cryptocurrency market and benefiting tokens like NEAR.