NEAR Protocol: These metrics can play a role in pushing NEAR down

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.

Timeline of Near-protocol

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.

Swiss non-profit the NEAR Foundation has launched a $100 million venture capital fund and venture lab for web3, it announced on Monday. The post NEAR Foundation launches $100 million VC fund and lab for web3 appeared first on The Block.

NEAR Protocol is introducing the first Protocol Working Group meeting to discuss the latest enhancement proposals for the network. This group will contribute to the future of NEAR and will be active in developments.

Introduction In a nutshell, cryptocurrency is decentralized digital money based on blockchain technology. The most well-known cryptocurrency, Bitcoin, was introduced to the public in 2009, and thousands of other cryptocurrencies have emerged since then.

The price of Near Protocol (NEAR) showed bullish signs of going higher to a region of $6-$7, but the price was rejected back to its support area, where it has found high demand for its price. Bitcoin (BTC) and Ethereum (ETH) all saw a relief bounce from their monthly low, leading to altcoins like Near Protocol (NEAR) having a measure of relief bounce.