{"id":87275,"date":"2023-11-20T17:48:48","date_gmt":"2023-11-20T15:48:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87275"},"modified":"2025-09-13T10:47:05","modified_gmt":"2025-09-13T07:47:05","slug":"near-protocol-token-price-doubles-over-the-month","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/near-protocol-token-price-doubles-over-the-month\/","title":{"rendered":"Near Protocol token price doubles over the month"},"content":{"rendered":"<p>The native token of the first-layer blockchain <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-near-protocol-blockchain-and-cryptocurrency\">Near Protocol<\/a> (NEAR) continues a monthly rally: since October 20 the asset price has doubled, trading at around $2.1.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/i5_0gD9AswPYTE0zWNqWz75HQGvFct91YqGDv_w7quv2fC48pqUyz5OL8VdQixYZzasulsP8rKSKiDkyFwg5rpSI3UAdJlk__Kf9yQ8sU6AXLU5jYySENgqR6grdtu8G946XuntiNbcJhD_WSEhqu78\" alt=\"\u0426\u0435\u043d\u0430 \u0442\u043e\u043a\u0435\u043d\u0430 Near Protocol \u0437\u0430 \u043c\u0435\u0441\u044f\u0446 \u0432\u044b\u0440\u043e\u0441\u043b\u0430 \u0432 \u0434\u0432\u0430 \u0440\u0430\u0437\u0430\"\/><figcaption class=\"wp-element-caption\">15-minute NEAR\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/NEARUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The rally was accompanied by a surge in trading volumes. On the daily chart the index <a href=\"https:\/\/forklog.com\/en\/news\/what-the-rsi-is-for-and-whether-it-suits-cryptocurrencies\">RSI<\/a> entered the overbought zone.<\/p>\n<p>In early 2023 the coin rose sharply to $2.7, but in March it began a prolonged decline. The local low for NEAR was reached on October 18 at $0.98. Now the altcoin has broken through the resistance level and moved sharply higher.<\/p>\n<p>As of writing, NEAR&#8217;s market capitalization stands at $2.11 billion, with 24-hour trading volume reaching $400 million, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/near\">CoinGecko<\/a>.<\/p>\n<p>According to NearBlocks, the number of unique addresses on the blockchain rose by 5 million over the month. The number of daily transactions in the network in recent months has remained roughly at about 1.4 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I said before <a href=\"https:\/\/twitter.com\/search?q=%24NEAR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$NEAR<\/a> is going for a massive run<br \/>The development and announcements last weeks are fuelling the rally most aren&#8217;t expecting<\/p>\n<p>Volume is a sign something will pop soon ?<\/p>\n<p>We&#8217;ve got volume levels near ATH while price is still in accumulation range<\/p>\n<p>Don&#8217;t sleep on <a href=\"https:\/\/twitter.com\/hashtag\/NEAR?src=hash&#038;ref_src=twsrc%5Etfw\">#NEAR<\/a> <a href=\"https:\/\/t.co\/cSRannswTT\">https:\/\/t.co\/cSRannswTT<\/a> <a href=\"https:\/\/t.co\/lQB5KqZlLZ\">pic.twitter.com\/lQB5KqZlLZ<\/a><\/p>\n<p>\u2014 INVESTMOX (@investmox) <a href=\"https:\/\/twitter.com\/investmox\/status\/1726153779492593878?ref_src=twsrc=twsrc%5Etfw\">November 19, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We have volume levels around ATH, while the price is still in the accumulation range,&#8221; noted the Investmox analyst.<\/p>\n<\/blockquote>\n<p>He added that the rally is driven by the project&#8217;s development and recent announcements.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Near updates<\/strong><\/h2>\n<p>In November, the NEARCON 23 conference took place, during which the project announced a partnership with Eigen Labs to create a \u2018first-level finality\u2019 for Ethereum rollups. The initiative aims to provide fast and cheap transactions.<\/p>\n<p>In addition, LayerZero announced integration with the blockchain to enable cross-chain messaging between more than 40 EVM networks.<\/p>\n<p>Representatives of Near also announced an upcoming <a href=\"https:\/\/forklog.com\/en\/news\/near-and-polygon-to-develop-a-zero-knowledge-solution-based-on-wasm\">partnership with Polygon<\/a>, under which they will develop a zero-knowledge proof-based solution for networks on <a href=\"https:\/\/webassembly.org\/\">WASM<\/a>.<\/p>\n<p>Subsequently the project named the winners of the hackathon held during the conference:<\/p>\n<ul class=\"wp-block-list\">\n<li>Quex \u2014 an AI-based storage for the Near Grant program;<\/li>\n<li>Click \u2014 a tool for programming on the Blockchain Operating System;<\/li>\n<li>B4B \u2014 a social graph on the Near blockchain;<\/li>\n<li>Proof of Reputation \u2014 a mechanism that enables lending to users based on their activity history in the network;<\/li>\n<li>DeFi Builder \u2014 an AI assistant for writing code for DeFi projects;<\/li>\n<li>Web3 Plugin \u2014 a suite of plugins for the ecosystem;<\/li>\n<li>Magic Build \u2014 a tool for creating smart contract interfaces;<\/li>\n<li>Obrigado \u2014 a utility for performing heavy calculations, distributing tasks across multiple resource providers.<\/li>\n<\/ul>\n<p>Parallel to this, Near Protocol unveiled NEAR Tasks \u2014 an AI marketplace built on the blockchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Reimagining AI training with <a href=\"https:\/\/twitter.com\/hashtag\/NEARTasks?src=hash&#038;ref_src=twsrc%5Etfw\">#NEARTasks<\/a> ? <\/p>\n<p>Experience AI development empowered by human-centric innovation <\/p>\n<p>AI and Web3 ? <\/p>\n<p>Read more: <a href=\"https:\/\/t.co\/GHSGjtxyKb\">https:\/\/t.co\/GHSGjtxyKb<\/a> <a href=\"https:\/\/t.co\/H90uaplbp0\">pic.twitter.com\/H90uaplbp0<\/a><\/p>\n<p>\u2014 NEAR Protocol (@NEARProtocol) <a href=\"https:\/\/twitter.com\/NEARProtocol\/status\/1725152013099401594?ref_src=twsrc=twsrc%5Etfw\">November 16, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This is a self-service platform where anyone can easily browse and undertake tasks in AI training, setting a new standard for high-quality data labeling,&#8221; the press release states.<\/p>\n<\/blockquote>\n<p>The statement says the initiative aims to unite AI and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-web3\">Web3<\/a> to optimise data verification and governance processes. Users will be rewarded in NEAR tokens for actions on the platform.<\/p>\n<p>Looking ahead, NEAR Tasks is envisioned as a broad platform for the AI community, where companies will seek contractors on outsourcing and professionals will find suitable projects.<\/p>\n<p>As a reminder, in June the Near Foundation <a href=\"https:\/\/forklog.com\/en\/news\/near-foundation-partners-with-alibaba-cloud\">announced<\/a> a partnership with Alibaba Cloud&#8217;s cloud computing division. The collaboration aims to accelerate Web3 initiatives across Asia and the Middle East.<\/p>\n<p>Earlier, the blockchain developers <a href=\"https:\/\/forklog.com\/en\/news\/near-protocol-unveils-a-blockchain-operating-system\">presented<\/a> the Blockchain Operation System, touted as an operating system for blockchains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The native token of the first-layer blockchain Near Protocol (NEAR) continues a monthly rally: since October 20 the asset price has doubled to around $2.1.<\/p>\n","protected":false},"author":1,"featured_media":87276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1216,1150,596],"class_list":["post-87275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-near-cryptocurrency","tag-news-plus","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87275"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87275\/revisions"}],"predecessor-version":[{"id":87277,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87275\/revisions\/87277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87276"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}