NEAR Price today

Nubank has recently expanded its cryptocurrency services by adding four altcoins: Cardano (ADA), Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO). This decision is part of its strategy to cater to the growing demand for digital assets.

The bank’s revenue growth has been extraordinary, climbing to nearly 3 billion USD in 2024, reflecting an increase of 1,124% compared to previous years. This rapid expansion aligns with the overall growth of the Brazilian economy and interest in cryptocurrency.

NEAR is attempting to reclaim a critical support level after trading within a consolidation channel. Currently priced at 3.38 USD, NEAR’s recent 3.80% decline continues its overall downward trend.

Mixed market indicators reveal a negative funding rate of -0.0170, suggesting confidence in a price decline. Moreover, a significant disparity in liquidation values indicates bearish control, despite some bullish signs in the Taker Buy-Sell Ratio.

A notable decline in Daily Active Addresses from 4.2 million to 3.0 million adds downward pressure on NEAR, suggesting reduced network engagement and potential for further selling.

On the eve of Valentine’s Day, Andrew Krynin unintentionally revealed nude images on a livestream, which coincided with a rise in the NEAR token’s price. The Near Protocol team humorously noted the need for better personal device separation.

The Near Protocol team issued a formal apology for the incident and Krynin later expressed his regret publicly, especially towards his girlfriend, while reassuring women that such a situation doesn’t indicate disrespect.

The market cap for AI crypto coins surged to 70 billion USD by November 2024, fueled by Trump’s massive 500 billion USD investment. This investment has notably boosted low-cap AI coins, leading to a 15% increase in just 24 hours.

Despite the impressive growth, the AI crypto sector faces challenges due to volatility and Bitcoin’s dominance, with Bitcoin’s market share down by 7%. Tokens like NEAR Protocol show potential, but the market must adapt to changing conditions for sustained success.