Decentralized Application NEAR Protocol Reached its New ATH

Decentralized Application NEAR Protcol Reached its New ATH
  • NEAR protocol has reached its new all-time high (ATH) at $17.60.
  • In a day NEAR Protocol (NEAR) price surged over 7%
  • NEAR price gained from $15.01 to $16.29 in the last 24-hour.

A layer-one blockchain developed as a community-run cloud computing platform and decentralized application (dAPP) is NEAR Protocol that eliminates some of the limitations that have been bogging competing blockchains, like low transaction speeds, throughput, and interoperability. Today decentralized application NEAR protocol has reached its new all-time high (ATH) at $17.60.

Accordingly, NEAR uses its Nightshade technology to improve transaction throughput massively. It also improves upon the convoluted onboarding process of other blockchains by having human-readable addresses and building decentralized applications with similar registration flow to what users have already experienced.

Furthermore, NEAR uses a variation of the proof-of-stake consensus mechanism which is known as Doomslug. It based on two rounds of consensus, where a block is considered finalized as soon as it has received the first communication round. The NEAR Foundation, a Swiss-based non-profit dedicated to protocol maintenance, ecosystem funding, and guiding the protocol’s governance.

NEAR Current Market Status

According to CoinMarketCap, at the time of writing NEAR Protocol (NEAR), the price is trading at $16.29 with a 24-hour trading volume of $1,651,290,821. The circulating supply of NEAR is 602,964,783.00 NEAR. It can traded in top crypto exchanges such as Binance, OKEx, CoinTiger, Huobi Global, and KuCoin.

 NEAR Price Chart (Source: CoinMarketCap)

The above chart displays the 24-hour price chart of NEAR, we can find that NEAR is moving a bullish trend for the past 24-hour. In a day NEAR price surged over 7%. It has gained from $15.01 to $16.29, even it has reached its new all-time high at $17.60.

Eventually, the latest incorporation, announced on Monday as a DeFi crypto exchange, Synapse Protocol, and the cross-chain bridge became available on Aurora. This machine lets Etehreum developers easily build on Near Protocol, this might be the reason for the price gain of NEAR.

Therefore, with the upcoming updates and upgrades, NEAR prie can reach more heights by hitting a new all-time high (ATH)

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