【Market Flash】The day after Bitwise released a bullish report, $NEAR instead plunged 16%, and market sentiment shifted from bullish to bearish in an instant.
In a market report on October 7, Bitwise Chief Investment Officer Matt Hougan singled out NEAR as one of the few smaller coins worth watching. The report revealed that NEAR gained 198% in the third quarter, far outpacing Bitcoin’s 43% and Ethereum’s 71% gains over the same period.
Behind the rally is NEAR Intents, NEAR’s on-chain intent-based trading business. Its monthly trading volume reached $4.8 billion in September, up from less than $500 million a year earlier. Co-founder Illia Polosukhin said users are becoming less reliant on centralized exchanges year by year.
#NEAR #Market Flash
(Source: AMBCrypto)
⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.
In a market report on October 7, Bitwise Chief Investment Officer Matt Hougan singled out NEAR as one of the few smaller coins worth watching. The report revealed that NEAR gained 198% in the third quarter, far outpacing Bitcoin’s 43% and Ethereum’s 71% gains over the same period.
Behind the rally is NEAR Intents, NEAR’s on-chain intent-based trading business. Its monthly trading volume reached $4.8 billion in September, up from less than $500 million a year earlier. Co-founder Illia Polosukhin said users are becoming less reliant on centralized exchanges year by year.
#NEAR #Market Flash
(Source: AMBCrypto)
⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.