Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»NEAR Protocol Daily Active Addresses Hit 3M – A Bullish Signal?
ALTCOIN NEWS

NEAR Protocol Daily Active Addresses Hit 3M – A Bullish Signal?

By Crypto FlexsOctober 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
NEAR Protocol Daily Active Addresses Hit 3M – A Bullish Signal?
Share
Facebook Twitter LinkedIn Pinterest Email
  • NEAR hit 3 million daily active addresses in the third quarter of 2024.
  • Addresses are interested in NEAR as the AI ​​token outperforms the broader market.

Artificial intelligence (AI) cryptocurrencies have witnessed significant growth with most cryptocurrencies including: Bit Tensor (TAO) Outperforms the broader cryptocurrency market.

In addition to TAO, other AI-related cryptocurrencies that have seen significant growth include: NEAR Protocol (NEAR).

Over the past 30 days, NEAR is up 25%. These gains were fueled by network growth, increased usage, and interest.

During the third quarter of 2024, the number of daily active addresses of the NEAR protocol reached 3 million per CryptoRank, making it the best network according to this metric.

In comparison, the second and third ranked networks according to this metric, Solana (SOL) and Tron (TRX), recorded 2.4 million and 2.1 million daily active addresses, respectively, during the quarter.

Source: X

This growth coincided with the growth of the AI ​​cryptocurrency sector. According to recent reports DappRadarAI-related decentralized applications (dApps) reported 71% growth in the third quarter compared to the second quarter.

Additionally, AI dApps reported an average of 4.3 million unique active wallets per day, suggesting industry growth.

As the AI ​​cryptocurrency sector continues to grow, will NEAR remain bullish, or will the price continue to succumb to broader market sentiment?

NEAR price analysis

NEAR was trading at $4.87 at press time after falling 2.36% in 24 hours. Trading volume also decreased by more than 30%. CoinMarketCap, It shows a lack of market participation.

NEAR has been on a downward trend since the beginning of the month, as can be seen in the Moving Average Convergence Divergence (MACD) indicator.

The MACD line is trending below the signal line, indicating a bearish trend. The downtrend can also be seen in the red MACD histogram bars.

Source: TradingView

Buyers are also inactive and the Relative Strength Index (RSI) is 51, indicating neutral market sentiment. However, the RSI line below the signal line indicates weak momentum.

If the bears continue to gain control, the price is likely to move lower to test the support level of the 0.236 Fibonacci level ($4.761).

Conversely, if buyers intervene, NEAR is likely to surge towards the next resistance level at $5.31, after which the price could target prices above $6.


Read 2024-2025 price prediction for NEAR Protocol (NEAR)


Technical indicators currently show momentum is bearish, but Binance’s long/short ratio shows traders are betting on a bullish recovery.

According to Coinglass, 71% of Binance accounts took long positions, while only 28% were short.

Source: Coinglass

Next: Will Bitcoin Hit $67,000 as Major Liquidation Level Approaches?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The CZ suggests a dark full dex to suppress the operation.

June 2, 2025

TRON: Inversion in the future? -TRX trader will have to see the following next time.

June 2, 2025

Traders change their strategies in tariff confusion

June 2, 2025
Add A Comment

Comments are closed.

Recent Posts

The CZ suggests a dark full dex to suppress the operation.

June 2, 2025

Analysts said that XRP could fall to $ 1.70.

June 2, 2025

PRIMEXBT expands its global reach with FSCA regulatory password asset service.

June 2, 2025

Stablecoin’s market cap surpasses $ 250 billion, accelerating regulatory momentum.

June 2, 2025

NVIDIA Rapids improve machine learning with zero code acceleration and performance gain.

June 2, 2025

Bitcoin Bear Rishi reached $ 97,000

June 2, 2025

TEZOS unveils uranium token shoes in consensus 2025.

June 2, 2025

Hong Kong monetary authorities surprise the public about fake accounts.

June 2, 2025

TRON: Inversion in the future? -TRX trader will have to see the following next time.

June 2, 2025

Rooster Run Slot is an obstacle course with the theme of poultry during the crash!

June 2, 2025

WES Cockx uses Redshift to explore bold 3D art in the render network.

June 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The CZ suggests a dark full dex to suppress the operation.

June 2, 2025

Analysts said that XRP could fall to $ 1.70.

June 2, 2025

PRIMEXBT expands its global reach with FSCA regulatory password asset service.

June 2, 2025
Most Popular

Bitcoin (BTC) soared past $82,000 as investor interest rose again.

November 12, 2024

Bitcoin will reach $150,000 in 2024

February 21, 2024

Sygnum Pioneers Treasury Tokenization with $50 Million Fidelity MMF Investment

March 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.