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NEAR Protocol price, market cap on Coin360 heatmap

NEAR Protocol(NEAR)

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$1.6288
(-2.35%)
0.00009853 BTC
Market Cap (Rank#35)
$1,353,034,626
81,851 BTC
Vol 24h
$26,268,467
1,589 BTC
Circulating Supply
830,705,779
Max Supply
1,000,000,000
11h agocryptodaily
2023 Investment Guide: Decentraland (MANA) vs. Flasko (FLSK) vs. The Sandbox (SAND)
The crypto sector has a dynamic environment. Currency favoritism is a result of developments in the digital industry. A few weeks ago, FTX, the second most popular crypto exchange, went bankrupt. As a result, coins like Decentraland (MANA) and The Sandbox (SAND) had a massive decline in value. But do not panic; crypto analysts say there is a light at the end of the tunnel. Flasko is currently in presale, but predictions are that it may be the best investment in the coming months. As Metaverse Loses Appeal, The Sandbox (SAND) Does Too The Sandbox (SAND) is a game at its heart where individuals purchase virtual plots of land (referred to as LAND) and build activities atop them to distribute to other players. The "LAND" depicted by an NFT can be owned by users of The Sandbox (SAND). In contrast to Flasko, where tangible assets underpin NFTs, LAND in The Sandbox (SAND) is only imaginary assets. At the time of this writing, The Sandbox (SAND) is down nearly 40% in the last month while trading at $0.3994. Decentraland (MANA) With The Same Narrative Decentraland (MANA), another Metaverse token, has been slowly losing value over the past month, and analysts believe this trend will persist. With the Decentraland (MANA) coin, individuals may buy, create, and exchange land in a decentralized fashion. Utilizing the buzz around the currency, Decentraland (MANA) rose to its price peak of $5.85 in 2021. Since then, the coin has been showing a red chart, currently trading at $0.4002. Nowadays, investing in the Decentraland (MANA) currency is not a good investment since the Metaverse has yet to gain widespread adoption. Flasko (FLSK) Predicted To Achieve Blue-Chip Status In 2023 While Decentraland (MANA) and The Sandbox (SAND) eagerly wait for the Metaverse to grow, Flasko gains more positive attention. Over the past five years, the whiskey, wine, and champagne industries have witnessed tremendous growth. We can see why Flasko wants to enter this market, given this sector's yearly 28% investment returns. To combine the trillion-dollar alternative investing market with cryptocurrencies, Flasko will launch a brand-new alternative investment platform. On this platform, anyone can buy a fractionalized NFT backed by real-life bottle of whiskey, champagne, or wine. With an entire purchase, Flasko will go above and beyond to deliver the asset like a luxurious Dom Perignon Brut to your front door. The presale price of only $0.085 is expected to rise as crypto experts project eventual growth of almost 4,000% in 2023. You may participate in the Flasko presale by clicking the links below: Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
12h agocryptodaily
Bitcoin Price Analysis: Eyes on 16797 - 27 November 2022
BTC/USD Upside Momentum Continues: Sally Ho’s Technical Analysis – 27 November 2022 Bitcoin (BTC/USD) extended its recent upside movements early in the Asian session as the pair encountered positive momentum above the 16500 area, climbing to the 16693.18 level with many bulls eyeing recent highs around the 16797.28 area. Some upside pressure emerged when BTC/USD bounced higher from the 50-bar, 4-hour simple moving average and the pair is approaching the 100-bar, 4-hour simple moving average. Stops were recently elected above the 16088, 16222, 16717, and 16984 levels as BTC/USD advanced to multi-session highs. BTC/USD recently depreciated to the 15460 level after Stops were elected below the 15512 area, its recent two-year low that represented an exact bearish price objective based on selling pressure that strengthened around the 21478.80 and 18495.50 areas. Associated downside price objectives below current price activity include the 13369, 8837, and 7538 levels. The recent depreciation intensified after Stops were elected below the 16990, 16966, and 16503 levels, areas associated with historical appreciating ranges that commenced around the 3858 and 9819 levels. Technicians continue to eye the 14500.15 and 10432.73 areas as major downside targets. Additional downside price objectives include the 14613, 10727, and 9682 levels, areas that are related to selling pressure that intensified around the 20894.96 and 18495.50 areas. Following the recent move lower to two-year lows, areas of potential technical resistance include the 17791, 18495, 19199, 20070, and 20201 levels. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 200-bar MA (4-hourly)andbelow the100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the100-bar MA(4-hourly) at 16758.69 and the50-bar MA(Hourly) at 16544.87. Technical Supportis expected around14500.15/ 13369.11/ 10727.75 withStopsexpected below. Technical Resistanceis expected around18495.40/ 19199.48/ 20070.64 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
15h agocointelegraph
Bitcoin new 'worst case scenario' puts BTC bear market bottom near $6K
Bitcoin capitulation action could send BTC price back to an area double the 2018 bear market bottom, says Decentrader's Filbfilb.
1 day agocryptodaily
Analysts Estimate That Flasko (FLSK) Will Overtake Uniswap (UNI) and Dogecoin (DOGE) In 2023
The cryptocurrency market lost its spark at the start of 2022. By the conclusion of May, the market had already started to decline, and the recent FTX crash caused prices to drop much lower. Today, most coins are still having trouble recovering from their recent lows. This impacts some well-known cryptocurrency projects, like Dogecoin (DOGE) and Uniswap (UNI). Investors have nonetheless picked up on Flasko, a promising cryptocurrency. Let's investigate the basis behind the buzz! Uniswap (UNI) Suffers 13% Drop In The Last 30 Days Uniswap (UNI) initially rose to prominence during the decentralized financial surge of 2020. Furthermore, supporters of digital currencies, especially those with essential stakes in DeFi, have traditionally favored the Uniswap (UNI) platform. Sadly, the 13% drop in Uniswap (UNI) this month shows no more need for DeFi operations. Uniswap (UNI) is currently trading at $5.53, and investors are searching for options with greater development possibilities. Dogecoin (DOGE) Still No Applications In The Real World Dogecoin (DOGE) was launched in 2013 as an alternative to well-known digital coins like Bitcoin. The Shiba Inu logo and name are founded on a practical joke. Dogecoin (DOGE) was intentionally developed to be abundant. It has an infinite supply and creates 10,000 coins per minute. The recent decline in their asset price hasn't been enjoyable for Dogecoin (DOGE) holders. Another thing that discourages investors from holding Dogecoin (DOGE) is the lack of real-world use cases compared to Flasko. Flasko (FLSK) Will Provide Incredible Returns Crypto experts predict Flasko will outperform Dogecoin (DOGE) and Uniswap (UNI) coins in the coming months. Let's dive deeper into why that may happen! Investors can buy fractionalized NFTs backed by bottles of expensive and sought-after champagne, whisky, and wines on the alternative investment platform that Flasko is developing. The Flasko has achieved Stage One completion thanks to funders. The Flasko presale is currently in Stage Two, and the project looks well on its way to achieve its full potential. When discussing safety, it is essential to note that Solid Proof has finished its audit, which is a positive development. Additionally, the Flasko team will lock liquidity for 33 years. These details demonstrate that investing in Flasko is among the safest decisions you can make. We agree with experts' forecasts that the value of Flasko will rise by more than 4,000% in 2023. It's a fantastic opportunity to participate in a project that has the potential to run high in the near future for just $0.085. Most seasoned investors know that investing early in reputable businesses typically results in significant returns. This is the reason we implore you to look into Flasko: Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day agocryptodaily
Bitcoin Price Analysis: Bounce at 16450 - 26 November 2022
BTC/USD Tests 16450 Technicals: Sally Ho’s Technical Analysis – 26 November 2022 Bitcoin (BTC/USD) awaited fresh technical guidance early in the Asian session as the pair moderated after recently trading as high as the 16797.28 level. Traders tested the 200-hour simple moving average when BTC/USD came off to the 16450.62 area, and similar technical support is currently projected around the 16254 area. Stops were recently elected above the 16088 and 16222 levels, representing the 50% retracements of the recent depreciating ranges from the 16984.08 and 16717.86 levels. Additional Stops were also triggered above the 16401, 16448, and 16657 areas, additional retracement levels related to the depreciating ranges. BTC/USD recently depreciated to the 15460 level after Stops were elected below the 15512 area, its recent two-year low that represented an exact bearish price objective based on selling pressure that strengthened around the 21478.80 and 18495.50 areas. Associated downside price objectives below current price activity include the 13369, 8837, and 7538 levels. The recent depreciation intensified after Stops were elected below the 16990, 16966, and 16503 levels, areas associated with historical appreciating ranges that commenced around the 3858 and 9819 levels. Technicians continue to eye the 14500.15 and 10432.73 areas as major downside targets. Additional downside price objectives include the 14613, 10727, and 9682 levels, areas that are related to selling pressure that intensified around the 20894.96 and 18495.50 areas. Following the recent move lower to two-year lows, areas of potential technical resistance include the 17791, 18495, 19199, 20070, and 20201 levels. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 200-bar MA (4-hourly)andbelow the100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 16490.63 and the50-bar MA(Hourly) at 16451.49. Technical Supportis expected around14500.15/ 13369.11/ 10727.75 withStopsexpected below. Technical Resistanceis expected around18495.40/ 19199.48/ 20070.64 withStopsexpected above. On4-Hourlychart,SlowKis Bearishly below SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBearishly below MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day agocryptopotato
CoinList Breaks Silence, Assures Users it Is Not Near Bankruptcy
"We hold all user assets dollar for dollar," said CoinList in response to the bankruptcy rumors.
1 day agocryptodaily
Crypto Lender Hodlnaut Under Investigation For Possible Fraud
Singapore-based crypto lender Hodlnaut is reportedly facing an investigation by the Singapore police related to alleged fraud and cheating. The police had received several reports that the crypto lender had downplayed its exposure to a “specific token.” Investigation Based On Multiple Complaints According to several reports circulating in local media, Singapore’s white-collar crime unit, the Commercial Affairs Department (CAD), has launched a probe into crypto-lender Hodlnaut and its founders. The investigation was launched on the basis of multiple complaints received by the police against the platform between August and November 2022. The police stated that a majority of the complaints centered around false representations and misinformation about the company’s exposure to a “certain digital token.” Additionally, the police advised investors impacted by the crisis unfolding at Hodlnaut to file an online complaint and submit any verifiable documents related to their transaction history on the platform. The Unknown Token The “unnamed” token in question most likely refers to Terra’s collapsed USTC token, formerly UST. UST was an algorithmic stablecoin pegged to the US dollar, which rapidly lost its peg in May. So far, there has not been a confirmation from the authorities if this indeed is the token in question. The Terra ecosystem faced an unprecedented collapse, leading to several crypto lenders going bankrupt. These included Celsius, Voyager, and Vauld. The crisis was also the reason behind Hodlnaut’s current liquidity issues. The Hodlnaut Crisis Hodlnaut was badly impacted due to the Terra collapse. The first signs of trouble emerged on the 8th of August when the lender suspended all withdrawals on the platform, citing liquidity issues. The platform stated that it was suspending withdrawals to work with its legal advisors and develop the best possible restructuring and recovery plan for its users. The crypto-lender filed for interim judicial management on the 13th of August so that it could gain protection from any legal claims. At the time, the crypto lender claimed it had no exposure to the algorithmic Terra stablecoin. However, on-chain data showed otherwise, suggesting that Hodlnaut held at least $150 million in USTC. A judicial report later confirmed this, which noted that the crypto lender lost nearly $190 million due to the Terra collapse. Hiding Its Exposure The report also stated that Hodlnaut deleted thousands of documents related to their investments in order to hide their exposure to Terra. This was successful to some extent, as the lender was able to keep its USTC exposure under wraps for three months after the Terra ecosystem collapse. However, the eventual liquidity crisis forced the company to seek judicial management, which the Singapore High Courts granted. Report Reveals Details The high court appointed Ee Meng Yen Angela and Aaron Loh Cheng Lee from EY Corporate Advisors Pte. as the company’s interim judicial managers. The report published by the judicial managers at the end of October revealed the extent of Hodlnaut’s exposure, stating that it lost $189.7 million as a result of the Terra crash and adding that the company downplayed its exposure to Terra. A new report added even further fuel to the fire, stating that nearly 72% of the assets held by the lender on centralized exchanges were deposited in the now-bankrupt FTX exchange. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptopotato
Crypto Exchange Lemon Cash Reduces its Team by 38%
The Argentinean crypto platform Lemon Cash laid off nearly 40% of its staff to keep the firm "sustainable" during the tough times.
2 days agocointelegraph
Ether tests $1,200 but bears better positioned for $1.13B options expiry on Nov. 25
Bears are better positioned to profit roughly $215 million during November's Ether options expiry, putting pressure on ETH's price near a critical resistance level.
2 days agocryptodaily
Fantom (FTM) And Aave (AAVE) are No Longer Desirable As High Potential Flasko (FLSK)
If you intend to invest in the crypto industry, it is beneficial to understand which cryptocurrency offers the highest dividends. Some people could believe that Fantom (FTM) or Aave (AAVE) is the best choice, but this may not imply that it will always yield profitable results. Crypto fans are searching for fresh avenues for profit because the bear market has driven practically all coins under. Additionally, early investment in alternative ventures is a wise move. Fantom (FTM) Has A 6% Drop In Seven Days Using its unique consensus mechanism, the smart contract platform Fantom (FTM) offers users decentralized financial (DeFi) applications. Fantom (FTM), which claims to have decreased transfer times to below two seconds, intends to address issues with smart-contract platforms using its coin Fantom (FTM). After several agreements were announced and investors raised the price of Fantom (FTM) to $3.49, the company saw its most extraordinary sales and profits. Since that time, the price has fallen to and stayed at around $0.2. Fantom (FTM) had a 6% drop over the previous week. The current price of the coin is $0.1791. Aave (AAVE) Investors Remain Bearish Aave (AAVE) coins govern the protocol. Recent changes, services, resources, and policy variables can be proposed, voted on, and approved. Additionally, the Aave (AAVE) platform burns tokens based on the charges the system collects. More and more Aave (AAVE) holders are jumping ship to join the Flasko presale. Analysts are pessimistic about Aave (AAVE), claiming it would inevitably lose momentum in the erratic cryptocurrency industry. And with the fact that the price of Aave (AAVE) has plummeted nearly 32% over 30 days, we can't say that we disagree. Flasko (FLSK) To Dominate The Crypto Market In 2023 Investors may buy fractional NFTs fully supported by premium and exotic wines, whiskeys, and champagne using Flasko, a ground-breaking platform. Due to its unique utility, investors believe Flasko has far greater potential than Fantom (FTM) and Aave (AAVE). Flasko is a trustworthy long-term investment since it will freeze its liquidity for the next 33 years, plus Flasko passed a Solid Proof audit with high marks. Flasko has developed into an alternative investment project with distinctive values that will be a top-tier cryptocurrency. At this time, investors are lining up to participate in the Flasko presale, which is now available for only $0.085. VIP customers are eligible for various benefits and prizes, such as two trips to France's Champagne region and exclusive NFTs. According to coin analysts, the price of Flasko could increase to around $3.50 in mid-2023. This makes it the perfect time to invest in Flasko, a profitable business with huge potential and significant economic advantages. Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
2 days agocryptodaily
Bitcoin Price Analysis: Gunning for 17231 - 25 November 2022
BTC/USD Bulls Looking for More: Sally Ho’s Technical Analysis – 25 November 2022 Bitcoin (BTC/USD) looked to resume its recent upward trajectory early in the Asian session as the pair recently bounced higher from the 16301.50 level before escalating to the 16700 area. Stops were recently elected above the 16088 and 16222 levels, representing the 50% retracements of the recent depreciating ranges from the 16984.08 and 16717.86 levels. Additional Stops were also triggered above the 16401, 16448, and 16657 areas, additional retracement levels related to the depreciating ranges. BTC/USD recently depreciated to the 15460 level after Stops were elected below the 15512 area, its recent two-year low that represented an exact bearish price objective based on selling pressure that strengthened around the 21478.80 and 18495.50 areas. Associated downside price objectives below current price activity include the 13369, 8837, and 7538 levels. The recent depreciation intensified after Stops were elected below the 16990, 16966, and 16503 levels, areas associated with historical appreciating ranges that commenced around the 3858 and 9819 levels. Technicians continue to eye the 14500.15 and 10432.73 areas as major downside targets. Additional downside price objectives include the 14613, 10727, and 9682 levels, areas that are related to selling pressure that intensified around the 20894.96 and 18495.50 areas. Following the recent move lower to two-year lows, areas of potential technical resistance include the 17791, 18495, 19199, 20070, and 20201 levels. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 200-bar MA (4-hourly)andbelow the100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the200-bar MA(4-hourly) at 16476.27 and the50-bar MA(Hourly) at 16477.57. Technical Supportis expected around14500.15/ 13369.11/ 10727.75 withStopsexpected below. Technical Resistanceis expected around18495.40/ 19199.48/ 20070.64 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
2 days agocointelegraph
Crypto lender Hodlnaut reportedly faces police investigation in Singapore
Hodlnaut reportedly lied about its exposure to the now-defunct Terra algorithmic stablecoin and lost nearly $190 million.
3 days agocryptodaily
El Salvador tables bill for Bitcoin bonds project
The El Salvadoran Minister of the Economy has introduced a bill which will enable the Bukele government to raise $1 billion in order to build out its proposed Bitcoin city. Bitcoin bonds The Bitcoin bonds project, also known as Volcano bonds, was an idea initially introduced by the Bukele government back in 2021. The plan was to use the bonds to raise around $1 billion with which to build a Bitcoin city at the foot of the Colchagua volcano. The hydrothermal energy that is emitted by the volcano would be tapped and used to supply a crypto mining farm. After some delays a 33-page bill has now been submitted by Maria Luisa Hayem Brevé, the Minister of the Economy. The bill will establish a National Digital Assets Commission that will oversee the regulation of all parties involved as well as the public offering process. According to an article on Coin Telegraph, the bill could in fact be approved before Christmas. Obstacles for El Salvador El Salvador made Bitcoin legal tender back in September of 2021, and the country has accumulated around 2,300 bitcoin at a cost of nearly $104 million. However, since that time there have been many obstacles for the Bukele government to overcome. Not least has been bitcoin’s vertiginous drop in price. It has lost around 77% in value since the top in November of last year, and given the contagion from the FTX fall-out, it might well fall even further. World financial bodies such as the IMF have called on El Salvador to reverse its Bitcoin stance, but President Bukele has resisted so far. Be that as it may, the bitcoin price will need to go up if the Central American country is not to default on its debt. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days agocryptopotato
Bitcoin Mining Firm Core Scientific Lost $1.7 Billion in 2022
Core Scientific recorded its second consecutive quarterly loss in Q3, which brings the firm's total loss this year to nearly $1.7 billion.
3 days agocryptodaily
Bitcoin Price Analysis: 16401 Hurdle Awaits - 24 November 2022
BTC/USD Seeks to Hold Light Rally: Sally Ho’s Technical Analysis – 24 November 2022 Bitcoin (BTC/USD) sought to extend a light rally early in the Asian session as the pair traded back above the 16000 figure and escalated as high as the 16294.50 area after Stops were elected above the 16088 and 16222 levels, representing the 50% retracements of the recent depreciating ranges from the 16984.08 and 16717.86 levels. Additional upside retracement levels in these depreciating ranges include the 16401, 16448, and 16657 areas. BTC/USD recently depreciated to the 15460 level after Stops were elected below the 15512 area, its recent two-year low that represented an exact bearish price objective based on selling pressure that strengthened around the 21478.80 and 18495.50 areas. Associated downside price objectives below current price activity include the 13369, 8837, and 7538 levels. The recent depreciation intensified after Stops were elected below the 16990, 16966, and 16503 levels, areas associated with historical appreciating ranges that commenced around the 3858 and 9819 levels. Technicians continue to eye the 14500.15 and 10432.73 areas as major downside targets. Additional downside price objectives include the 14613, 10727, and 9682 levels, areas that are related to selling pressure that intensified around the 20894.96 and 18495.50 areas. Following the recent move lower to two-year lows, areas of potential technical resistance include the 17791, 18495, 19199, 20070, and 20201 levels. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 200-bar MA (4-hourly)andbelow the100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the100-bar MA(4-hourly) at 16289.27 and the50-bar MA(Hourly) at 16477.11. Technical Supportis expected around14500.15/ 13369.11/ 10727.75 withStopsexpected below. Technical Resistanceis expected around18495.40/ 19199.48/ 20070.64 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
3 days agocryptodaily
Cathie Wood Buys The Dip
Cathie Wood’s ARK Invest has taken advantage of the bear market and bought over a million shares of Coinbase this month. ARK Buys Coinbase Shares Prominent investor Cathie Wood is not running scared by the recent market turmoil. With the FTX contagion spreading, many investors and firms are considering pulling out of their crypto positions. As a result, stocks have suffered significantly. For example, Coinbase shares have plummeted to an all-time low after dropping roughly 20% in just the last week. When the exchange went public in April 2021, the price of each share was $430. Last Monday, it closed out the trading session at a mere $41.23. Analysts from Bank of America and Daiwa Securities downgraded Coinbase stock this month, and the company now has its fewest 'buy' recommendations in over a year. However, for ARK Invest CEO Cathie Wood, the dropping stock values have presented a unique investment opportunity. In the month of November, Wood’s company bought over 1.3 million shares in Coinbase. The total value of these shares is around $53 million. As of now, ARK Invest holds 8.4 million shares, which is around 4.7% of Coinbase’s total outstanding shares. The company holds most of its Coinbase shares in its flagship fund, ARK Innovation ETF. Other Shares Wood has not stuck to Coinbase shares only. So far in November, ARK Invest has been purchasing shares of Grayscale’s Bitcoin ETF, Grayscale Bitcoin Trust (GBTC) and crypto bank Silvergate Capital. Both firms have suffered in the 2022 bear market. Grayscale lost around 76% of its valuation in 2022, while Silvergate has lost 80%. However, this did not deter Wood from making big purchases. Just last week, ARK Invest purchased around 315,000 GBTC shares worth $2.8 million. This latest purchase has upped ARK’s GBTC holdings to nearly 6.357 million, representing 0.4% of the firm’s total investments. Wood’s Prediction - Will BTC Hit $1M? Wood has been a strong proponent of Bitcoin. Earlier this year, before the first blow of 2022, i.e., the collapse of the Terra ecosystem, Wood had predicted that BTC price would reach a million dollars by 2030. However, the crypto’s price back then was $41,000. It has taken a severe beating since then owing to the market inflation, crypto winter, the crash of the Terra ecosystem, and the subsequent FTX debacle. Currently, it is priced at a meager $16,442, significantly lower than its all-time high of $68,789 a year back. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days agocointelegraph
New York governor signs PoW mining moratorium into law
Governor Kathy Hochul signed the PoW moratorium bill into law on Nov. 22, nearly four months after the bill was approved by the state senate.
4 days agozycrypto
Kucoin On The Spot For Holding Nearly One-Fifth Of Its Reserves In Its KCS Token
In the mad rush to calm worried investors and prevent bank runs following the sudden collapse of FTX, crypto exchanges and lending firms have been publishing their proof-of-reserves.
4 days agocoindesk
Crypto Didn’t Fail FTX; People Did
Decentralization was, and still is, the answer, says the co-founder of NEAR Protocol.
4 days agocointelegraph
Cathie Wood's ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows
ARK Invest scoops up bargains as Coinbase shares hit all-time lows and GBTC trades at a near-50% discount to the already suppressed Bitcoin spot price.
5 days agocointelegraph
On the move: FTX hacker splits nearly $200M in ETH across 12 wallets
Meanwhile, Ethereum users are sending encoded messages to the FTX hacker pleading for a share of funds.
5 days agocointelegraph
Lido fundamentals shine even as the wider crypto market struggles to regain traction
Lido protocol boasts $1 million in daily fee revenue for nearly a month, highlighting its growth in daily active users and Ethereum stakers.
6 days agocointelegraph
GBTC Bitcoin discount nears 50% on FTX woes as investors stock up
GBTC shares keep getting cheaper versus Bitcoin — an ideal reason to buy for ARK Invest and Lawrence Lepard.
7 days agocointelegraph
Is DOGE really worth the hype even after Musk’s Twitter buyout?
Though Dogecoin has seen a near 45% rally over the past month, its use cases remain limited, especially given that it can’t interact with smart contracts.

About NEAR Protocol

The live price of NEAR Protocol (NEAR) today is 1.6288 USD, and with the current circulating supply of NEAR Protocol at 830,705,779 NEAR, its market capitalization stands at 1,353,034,626 USD. In the last 24 hours NEAR price has moved -0.0329 USD or -0.02% while 32,587,696 USD worth of NEAR has been traded on various exchanges. The current valuation of NEAR puts it at #35 in cryptocurrency rankings based on market capitalization.

Learn more about the NEAR Protocol blockchain network and how it works or follow the price of its native cryptocurrency NEAR and the broader market with our unique COIN360 cryptocurrency heatmap.

NEAR protocol is a Layer-1 blockchain that aims to incentivize a network of computers through its native token NEAR in order to create a platform for developers to program and launch decentralized applications in a user-friendly environment. 

NEAR protocol was founded in 2017 by Alex Skidanov, a former director of engineering at memSQL, a database company, and Illia Polosukhin, who previously worked at Google. After almost two years of development, the network launched in April 2020 and become community-operated in September 2020.

NEAR protocol’s mission is to create the ideal environment for the development of DApps by providing better security, lower gas fees, faster transactions, and improved interoperability through its concept of sharding and delegated proof-of-stake (DPoS) consensus mechanism called ‘DoomSlug’. The platform claims that it is more performant, usable, and less expensive than ETH

NEAR price

According to our NEAR/USD live price chart, NEAR’s first local peak came in early 2021, when NEAR price went from under $1 on Dec. 15, 2020, to over $7.5 in March. 13, 2021, marking a gain of more than 780%. However, in the coming months, the price of NEAR saw a downward trend and lost most of its gains as the crypto market crashed as a whole in May 2021.

In autumn 2021, the crypto market saw the bullish trend returning as major cryptocurrencies like BTC and ETH rallied, registering significant gains and setting new records. This bull run saw NEAR protocol set an all-time high, going from $2 in Aug 2021 to around $12 on Sep. 9, 2021, an increase of 370%+. However, the token hit a minor rough patch during the coming days as it traded below $8 but quickly managed to pick up from where it fell. 

NEAR protocol's price saw another strong rally in the coming days, setting a new all-time high of nearly $18 on Dec. 15, after Terra announced that it would issue its UST stablecoins — pegged 1:1 with the U.S dollar on the NEAR network.

Q1 2022 also saw positive developments for NEAR price, especially in January 2022, when NEAR set another all-time high at over $20.

How NEAR works

NEAR protocol was conceptualized as a community-run cloud computing platform capable of smart contract development. It was built by the NEAR collective to host decentralized applications and compete with Ethereum. Its native token NEAR can be used to pay for transaction fees, and storage, while also allowing users to stake tokens to participate in network consensus as transaction validators. 

NEAR operates similarly to Amazon Web Services (AWS) — a centralized data storage system on which applications are built. However, instead of being run and operated by a single institution, NEAR is maintained by a network of distributed computers. 

Built on the delegated proof-of-stake (DPoS) consensus mechanism, NEAR lets users who don't have the coins or computer parts to setup up their own validator nodes to delegate (stake or lend) their coins to others. Their proof-of-stake protocol is called DoomSlug, and it allows achieving block finality after just 1 round of communication, unlike ETH which takes roughly 35 blocks.

To achieve high throughput, speed, and scalability, NEAR uses its own sharding mechanism called Nightshade which processes 100,000 transactions per second (TPS). Sharding splits the platform's data into smaller fragments (shards) which are stored by participating nodes on the blockchain and the main blockchain has snapshots of all of these shards. With each node only responsible for its own code on the blockchain, nodes can conduct computation in parallel with each other, increasing network scalability as the number of nodes increases.

Besides the obvious lower gas fees and faster transactions, NEAR boasts another competitive edge over Ethereum — Aurora. Aurora is a Layer-2 scaling solution built using the Ethereum Virtual Machine (EVM) which enables developers to link and deploy ETH smart contracts and decentralized applications on the NEAR network smoothly.

NEAR news, updates, and highlights

In May 2020, during a fundraiser round led by Andreessen Horowitz, NEAR protocol raised $21.6 million. Celebrating the early launch of the NEAR protocol’s MainNet Genesis, the fundraiser was attended by Pantera Capital, Distributed Global, Blockchange, and many more. The new funds were to be used to give over the network’s governance to the community while handing over tokens to incentivize developers and investors around the world.

The launch of Aurora was announced by NEAR via Twitter on May. 12, 2021. As mentioned earlier, Aurora allows Ethereum-based smart contracts to be deployed on NEAR to benefit from extremely low gas fees and faster transaction times of the NEAR protocol.

NEAR protocol raised another $350 million in April. 6 2022, in funding led by hedge fund Tiger Global. The bid was put into motion to accelerate the decentralization of the NEAR ecosystem. Crypto investors present in this funding were Republic Capital, FTX Ventures, and Dragonfly Capital among others. This was NEAR’s second nine-figure raise in 2022.

Frequently asked questions about NEAR

  • Can you mine or stake NEAR?

NEAR is a proof-of-stake (PoS) blockchain, which means it cannot be mined. However, you can stake your NEAR tokens to vote on network governance, and network security or become a validator node to earn staking rewards.

  • What are some of the best NEAR wallets?

NEAR offers its own in-house software wallet which can be used for staking to earn rewards up to 5% per year. If you are looking for more software wallet options then Trust Wallet and Guarda are worth looking at. Among hardware wallets, Ledger Nano S, and Ledger Nano S Plus will work just fine.

  • What can you do with NEAR?

Users can use NEAR tokens to pay for transaction fees on the NEAR protocol network or stake them to become validators and earn rewards. NEAR tokens can also be traded for ETH tokens.

  • How to buy NEAR?

NEAR can be bought by exchanging your BTC, ETH, and USDT through exchanges like HitBTC or by using fiat currency on exchanges like MEXC Global.

NEAR Protocol Price1.6288 USD
Market Rank#35
Market Cap1,353,034,626 USD
24h Volume26,268,467 USD
Circulating Supply830,705,779 NEAR
Max Supply1,000,000,000 NEAR
Yesterday's Market Cap1,337,040,900 USD
Yesterday's Open / Close1.6424 USD / 1.6095 USD
Yesterday's High / Low1.6951 USD / 1.5908 USD
Yesterday's Change
-0.02% ( 0.0329 USD )
Yesterday's Volume32,587,696 USD
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