NEAR Protocol’s NEAR token has experienced a 7% decrease in value over the past week, currently trading at around $7. Despite this decline, most leading cryptocurrencies have seen price appreciation in the market. NEAR Protocol is a Proof of Stake blockchain that launched in 2020, positioning scalability as its unique feature due to its sharding solution called ‘Nightshade.’ Sharding is a data storage technique used by blockchains to process transactions more efficiently and cost-effectively. Other tokens associated with “Ethereum killer” blockchains have also seen losses, including Solana (SOL), Avalanche (AVAX), and the Internet Computer (ICP), with ICP experiencing the most significant decline of 12% over the week.
NEAR’s trading chart highlights the volatile journey of NEAR token holders in the past three months. Starting February trading around $3, the token rallied to $9 by mid-March before dropping to around $6, which has become a strong support level. With a Relative Strength Index (RSI) of 50, the price movements are currently stable. Recent trends suggest that the token may find support at its current level, and the upcoming Bitcoin halving could drive NEAR Protocol to climb higher. The Bitcoin halving event, scheduled for April 20, historically triggers market-wide bull runs by reducing Bitcoin mining rewards, limiting the issuance of new Bitcoin. This event, coupled with increasing institutional demand, has propelled Bitcoin to new price highs, surpassing its 2021 bull run performance.
Crypto enthusiasts are eagerly anticipating the Bitcoin halving, expecting a surge in market activity and investor interest. A new incentivized crypto learning platform, 99Bitcoins, has been launched to educate users about the industry and offer opportunities to earn $99BTC tokens by completing courses or engaging with the community. Established in 2013 as BitcoinWithPayPal, the platform brings a vast community of subscribers and registered users for its courses, providing a comprehensive learning experience. Holders of $99BTC tokens can access premium content, discounts on partner products, and exclusive token holder events. The platform aims to bridge the gap in public knowledge about cryptocurrencies and blockchain technology while introducing an innovative learn-to-earn model. Investors should be cautious, as crypto investments are high-risk.
As the market prepares for Bitcoin’s halving and expectations for increased market activity, NEAR Protocol’s NEAR token has experienced a 7% decline in value over the past week. The blockchain’s scalability feature, Nightshade sharding, sets it apart from other platforms, but it has also faced intraweek losses along with other tokens related to “Ethereum killer” blockchains. The trading chart indicates a volatile journey for NEAR token holders, with recent price movements suggesting potential support at the current level. The upcoming Bitcoin halving event on April 20 is anticipated to spark a market-wide bull run, historically preceding significant price increases and attracting new investors. The launch of the incentivized crypto learning platform, 99Bitcoins, offers users the opportunity to earn and learn about cryptocurrencies through courses and community engagement. This platform aims to educate the public about blockchain technology and fill gaps in knowledge while introducing an innovative learning model powered by $99BTC tokens.
