NEAR (NEAR Protocol) fell 2.13% in the last 24 hours.

Gate News Bot news, on November 3rd, according to CoinMarketCap data, as of the time of writing, NEAR (NEAR Protocol) is currently priced at $2.12, with a 2.13% fall in the last 24 hours, reaching a high of $2.41 and a low of $2.04. The current market capitalization is approximately $2.709 billion, a decrease of about $59.0524 million compared to yesterday.

NEAR Protocol is a modular high-speed protocol designed for AI, aimed at allowing AI to act, trade, coordinate, and develop on behalf of users. NEAR not only provides computing power but also serves as a backend for processing identity, trust, and data, while AI interacts with users and executes intentions as a frontend. NEAR's dynamic sharding system can achieve global-scale performance and finality within 600 milliseconds, specifically designed for low latency, parallel execution, and supporting thousands of concurrent agents. The NEAR ecosystem is building an open AI economy, enabling AI to serve the people rather than platforms, creating a new type of internet where AI serves users.

Important recent news about NEAR:

1️⃣ Zcash wallet integration with NEAR intention feature The Zashi wallet of Zcash has recently introduced the intent feature of the NEAR protocol for implementing private swaps. This integration significantly enhances the activity of NEAR intents, bringing new application scenarios and user groups to the NEAR ecosystem, which is expected to drive the adoption rate and transaction volume of NEAR.

2️⃣ Growth of NEAR Protocol Trading Activity The daily trading volume on the NEAR protocol is showing an upward trend. This increase reflects heightened network activity, possibly stemming from the deployment of new applications or increased user engagement. An increase in trading volume is typically seen as a positive signal for the healthy development of the network, which may support the value of the NEAR token.

3️⃣ NEAR's positioning as AI infrastructure gains attention The NEAR protocol, positioned as a modular high-speed protocol specifically designed for AI, is gaining more attention. Its low latency and high concurrency characteristics make it an ideal underlying infrastructure for AI applications. With the rapid development of AI technology, NEAR's advantages in this field may attract more developers and projects, thereby promoting the expansion of the ecosystem.

From a technical perspective, NEAR's price is currently fluctuating around $2.12, a decline from the previous level of $2.26. In the short term, the price is showing a downward trend, and investors should closely monitor the resistance level around $2.41 and the support level around $2.04.

This message does not constitute investment advice, and investors should be aware of market volatility risks.