- Near Protocol shows an increase in active addresses and market capitalization, indicating sustained growth in the network.
- NEAR price is experiencing a firm recovery, with support at $2.60 and resistance at $3.20.
The Near Protocol is going through a period of considerable growth, reflected in several key indicators on the chain. Data from Messari Crypto reveals a considerable increase in daily active addresses, circulating market capitalization and average daily transactions, exceeding 200% in all these aspects. This progress indicates a strengthening in the health and usage of the Near network.
The increase in active addresses suggests greater user interaction with the Near network. In parallel, the increase in market capitalization and transaction volume signals growth in economic activity and asset valuation, positively impacting asset price performance.
Asfor NEAR’s price performance, it has shown a relevant recovery trend .It is currently trading around $3.00, having established firm support at the $2.60 level, which has resisted recent market fluctuations. This support is decisive, as it could serve as a starting point for future price increases.
Resistance is near the $3.20 level, a level that NEAR is trying to overcome. If successful, this could confirm the continuation of the uptrend, with a possible next resistance zone around $3.60, aligned with previous highs.
If the current momentum is maintained, driven by blockchain growth and cryptocurrency market recovery, NEAR could target higher price levels. In the near future, it could consider reaching $4.00, a figure that represents the local high achieved in December.
The Near Protocol’s commitment to solving the problems of the blockchain trilemma – scalability, security and decentralization – puts it in a favorable position, even against major competitors such as Ethereum.
