Woke up to find $NEAR had climbed another leg—up 5 points in an hour, with the price back around 4.9. That puts its 24-hour gain at 7–8 points 👀
The same few things are still being talked about all over the market: NEAR Intents has surpassed $31 billion in cumulative cross-chain trading volume; Bitwise’s NEAR spot product began trading in the US last month; and just last week, NEAR overtook XLM to enter the top 20 by market cap.
As far as narratives go, those are all backed by real developments. But at this pace, I feel like the price action is being driven entirely by emotion—and if it pulls back, it could happen just as quickly.
$NEAR #MarketAnalysis
The same few things are still being talked about all over the market: NEAR Intents has surpassed $31 billion in cumulative cross-chain trading volume; Bitwise’s NEAR spot product began trading in the US last month; and just last week, NEAR overtook XLM to enter the top 20 by market cap.
As far as narratives go, those are all backed by real developments. But at this pace, I feel like the price action is being driven entirely by emotion—and if it pulls back, it could happen just as quickly.
$NEAR #MarketAnalysis