⚡ $NEAR v rose more than 11% to $2.59 after NEAR Intents trading volume exceeded $27 billion across 34 blockchain networks.
The NEAR token moved from $2.32 to $2.59. The RSI reached 74, entering the overbought zone for the first time since the May–June period, while open interest (OI) hit $458 million and the Funding Rate was positive at around 0.0117.
Why is this noteworthy?
The data doesn’t confirm that Intents are the direct cause, but the $27 billion milestone reinforces the NEAR ecosystem growth narrative.
Simply put:
NEAR’s cross-chain asset transfer network is being used heavily by major partners, pulling in capital and buying pressure for the token.
#Altcoins #CryptoNews
🔗 Source: AMBCrypto
⚠️ Information is for reference only and not investment advice. Do your own research before making any decisions (DYOR).
The NEAR token moved from $2.32 to $2.59. The RSI reached 74, entering the overbought zone for the first time since the May–June period, while open interest (OI) hit $458 million and the Funding Rate was positive at around 0.0117.
Why is this noteworthy?
The data doesn’t confirm that Intents are the direct cause, but the $27 billion milestone reinforces the NEAR ecosystem growth narrative.
Simply put:
NEAR’s cross-chain asset transfer network is being used heavily by major partners, pulling in capital and buying pressure for the token.
#Altcoins #CryptoNews
🔗 Source: AMBCrypto
⚠️ Information is for reference only and not investment advice. Do your own research before making any decisions (DYOR).