Near Protocol Collapses Despite Rounded Bottom, Is $6 Possible?

NEAR price continues to struggle on both low and high timeframe despite showing signs of recovery in recent times.  NEAR price trades in a range as the price looks set for a retest of key support areas.

Timeline of Near-protocol

NEAR Protocol is looking bullish as it darts past the $4.7 support zone. NEAR's bullish momentum appears to wane Price exhibits low trading volume NEAR price trading at $4.51 However, judging by the price movement, it looks like the bull's luck may be running out.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. NEAR Protocol has seen fairly steady trading volume in the past two weeks, even though the price made around 30% gains and counting in the same time period.

The NEAR Foundation will be launching a $100 million venture capital fund to support web3 developments and entertainment.  Venture Lab Initiative The project includes a venture capital fund and a venture lab.

NEAR recently outperformed several other cryptos with a larger market capitalization as it registered double-digit gains in the last seven days. The unprecedented surge sparked excitement in the community and gave investors hope for brighter days ahead for the token.

On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market capitalization.

NEAR Protocol (NEAR/USD) ecosystem wallet Sender has successfully raised $4.5 million in a private round that attracted several leading crypto-focused venture firms. An announcement the NEAR-based eco-wallet team published on Monday states that the investment firm Pantera Capital led the funding round. Participation included Crypto.

Solana moved closer to the $40.00 mark on Monday, as it rose for a sixth straight session to start the week. Bullish momentum in the world's ninth largest cryptocurrency intensified, following a breakout of a resistance point of $36.35. Near protocol was also in the green, as prices rose by over 10% on Monday.

The Swiss non-profit behind the NEAR Protocol is to collaborate with Caerus Ventures in launching a $100 million venture capital (VC) fund and venture lab. The post NEAR Protocol Announces $100M Web3 Fund For Entertainment, Fashion, and Sports appeared first on BeInCrypto.

Pantera Capital, a cryptocurrency hedge fund, led a $4.5 million investment that valued Near wallet Sender at $45 million. The post Pantera Capital leads $4.5 milllion round for NEAR-based wallet Sender appeared first on The Block.

Near Protocol (NEAR) initiated a significant upward movement on Sept 7, which is still ongoing. It is possible that the move has occurred as a result of the anticipation for NEARCON and a newly announced $100 million venture capital fund.