NEAR (NEAR Protocol) up 9.46% in the last 24 hours

Gate News Bot message, November 10th, according to CoinMarketCap data, NEAR (NEAR Protocol) is currently priced at $2.97, up 9.46% in the past 24 hours, with a high of $3.14 and a low of $1.73. The 24-hour trading volume reached $945 million. The current market capitalization is approximately $3.805 billion, an increase of $329 million from yesterday. NEAR is currently ranked 33rd in the global cryptocurrency market cap list.

Recent important news about NEAR:

1️⃣ Significant Growth in NEAR Protocol Trading Activity Daily trading volume on the NEAR protocol has shown a clear upward trend. This growth reflects a notable increase in network activity, possibly driven by new applications deployment or increased user engagement. An increase in trading volume is generally seen as a positive sign of network health and development, supporting the value of NEAR tokens.

2️⃣ Consolidation of NEAR as AI Infrastructure NEAR Protocol, designed as a modular high-speed protocol specifically for AI, is gaining increasing attention. Its low latency and high concurrency features make it an ideal underlying infrastructure for AI applications. As AI technology advances rapidly, NEAR’s advantages in this field may attract more developers and projects, further expanding its ecosystem.

3️⃣ Zcash Wallet Integrates NEAR Intent Functionality Zcash’s Zashi wallet has recently introduced NEAR Protocol’s intent feature for private exchanges. This integration significantly boosts the activity of NEAR intents, bringing new use cases and user groups to the NEAR ecosystem, which could drive further adoption and trading volume growth.

From a technical perspective, NEAR’s price has rebounded significantly from the previous level of $2.14, currently trading around $2.97, showing strong upward momentum. In the short term, investors should closely watch the resistance level near $3.14 and the support level near $2.97.

This message is not investment advice. Please be aware of market volatility risks.