Everything is red⊠except $NEAR đą
While $BTC slips -1.9% to ~$82,600, NEAR is up +8.1% to ~$5.38 on Binance. Against BTC it's even stronger: +10.7% in 24h.
Only 8 of the 25 most-traded USDT pairs are green today. NEAR is one of the few with real volume behind it (~$182M in 24h).
What's driving it (reported):
âą Robinhood Chain assets (ETH, USDG) now tradable through NEAR Intents, against 180+ assets on 30+ networks, no bridge needed
âą A Bitwise report counts ~$30B in cumulative Intents volume
âą A US spot NEAR ETF with staking launched late September
âą A proposal to cut yearly token issuance from 2.5% to 1.6% over 24 months
In simple words: "Intents" means you say what you want (swap A for B), and the network finds the route across chains for you. Less issuance means fewer new tokens diluting holders.
The catch: price is pushing into the $5.47â$5.50 zone (today's high), and it has roughly doubled in a month. Strong coins in a red market can lead, or get sold first if BTC breaks $82.5K.
Is NEAR the leader of the next altcoin move, or a late breakout to fade? đ
Not financial advice.
#NEAR #Altcoins #CryptoNews #Binance
While $BTC slips -1.9% to ~$82,600, NEAR is up +8.1% to ~$5.38 on Binance. Against BTC it's even stronger: +10.7% in 24h.
Only 8 of the 25 most-traded USDT pairs are green today. NEAR is one of the few with real volume behind it (~$182M in 24h).
What's driving it (reported):
âą Robinhood Chain assets (ETH, USDG) now tradable through NEAR Intents, against 180+ assets on 30+ networks, no bridge needed
âą A Bitwise report counts ~$30B in cumulative Intents volume
âą A US spot NEAR ETF with staking launched late September
âą A proposal to cut yearly token issuance from 2.5% to 1.6% over 24 months
In simple words: "Intents" means you say what you want (swap A for B), and the network finds the route across chains for you. Less issuance means fewer new tokens diluting holders.
The catch: price is pushing into the $5.47â$5.50 zone (today's high), and it has roughly doubled in a month. Strong coins in a red market can lead, or get sold first if BTC breaks $82.5K.
Is NEAR the leader of the next altcoin move, or a late breakout to fade? đ
Not financial advice.
#NEAR #Altcoins #CryptoNews #Binance