The native token of NEAR Protocol (NEAR), a platform that offers a scalable and developer-friendly environment for decentralized applications (DApps), has emerged as one of the standout crypto projects in the past week. Notably, NEAR has exhibited double-digit gains on the weekly chart, and onchain metrics fuel optimism that these gains may be sustainable in the days ahead.
For instance, the count of active daily addresses on the network has experienced a surge of 975%, soaring from 93,000 to over a million between December 1 and December 19. Simultaneously, the network’s total daily transactions have risen by 170% since December 3.
At the same time, onchain data from Santiment indicates a potential surge in NEAR’s price, fueled by the fear of missing out (FOMO), as the cryptocurrency gains traction in discussions across social platforms. Santiment highlights the extension of NEAR’s buzz into mainstream conversations.
Internet Computer (ICP)
Simultaneously, the Internet Computer Foundation (ICP) has introduced the first-ever European subnet, providing GDPR-compliant infrastructure for decentralized applications (dApps). As a decentralized cloud 3.0 protocol, ICP seeks to empower developers to create tamper-proof services and enterprise systems directly on a scalable public blockchain, enabling trustless interactions with the external environment.
Notably, with recent gains, there is speculation about the next stop for ICP. In this line, ICP’s next move could drive it toward the $17.5 resistance level.
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