NEAR Protocol surged 26.52% in 24 hours to about $2.19, driven by a short squeeze at $1.72 that liquidated $5.8 million in shorts. This breakout ended a long-term downtrend and was supported by strong NVIDIA earnings, which bolstered confidence in AI-focused cryptos. NEAR's unique AI privacy features and recent tokenomics changes add to its bullish outlook, with technical analysts projecting further gains. However, on-chain activity shows declining user engagement, posing a cautionary note despite price strength.
Ahead of the first Federal Open Market Committee (FOMC) decision under new Fed Chair Kevin Warsh, Bitcoin slipped below $65,000 and most cryptocurrencies softened, with traders focusing on Warsh's inflation outlook rather than immediate rate changes....
Shiba Inu (SHIB) is currently ranked 29th on CoinMarketCap with a market cap of $2.93 billion but may rise significantly due to a potential "mean reversion" trading pattern. This pattern suggests that after a deep price decline, SHIB could experience...
The CoinDesk 20 index fell 0.7% to 1829.21, with only six of its 20 assets trading higher. Uniswap (UNI) was the top performer, gaining 12.9%, followed by Stellar (XLM) with a 2.7% increase. Meanwhile, laggards included Cardano (ADA) down 3.4% and NE...
NEAR Protocol surged 14% recently, driven by a $19.6 million increase in Total Value Locked (TVL), signaling growing investor confidence and healthy on-chain capital. However, despite this bullish momentum, spot market data shows more selling than bu...
The CoinDesk 20 Index rose 5.9% since Friday, driven by strong gains in Bittensor (TAO), which surged 31.9%, and Near Protocol (NEAR), up 22.2%. All 20 assets in the index traded higher, with the smallest gains seen in Binance Coin (BNB) and Bitcoin ...
