- NEAR Protocol (NEAR) experienced a surge in value following its integration with Nexo, a blockchain-based crypto lending platform.
- In a matter of hours, NEAR recorded a value increase of over 10%, reaching a price of $1.22.
- The market value of NEAR also surpassed $1 billion following the recent upswing.
NEAR Protocol (NEAR) saw a significant uptick in value after its integration with blockchain-based crypto lending platform, Nexo. The cryptocurrency recorded a value increase of over 10% within a few hours, reaching a price of $1.22. The market value of NEAR also surpassed the $1 billion mark following this surge.
NEAR Protocol Soars Following Nexo Integration
The cryptocurrency market, despite starting the day on a downward trend, rebounded following Bitcoin’s shift in direction. Bitcoin, the leading cryptocurrency, began trading at around $26,500 following its recent value increase. Most altcoins in the cryptocurrency market gained momentum following Bitcoin’s rise. The total market value of the crypto industry reached $1.06 trillion, according to data from CoinMarketCap.
NEAR Protocol experienced a surge in value following the announcement of its integration with Nexo. The cryptocurrency gained momentum as Bitcoin also shifted its direction upwards. NEAR reached a price of $1.23 following its recent value increase.
NEAR Records Nearly 8% Value Increase Within Hours
Nexo, the blockchain-based crypto lending platform, announced its integration with NEAR Protocol via a Twitter post. Following the announcement, NEAR Protocol experienced a surge in value and gained momentum as the cryptocurrency market shifted its direction upwards.
NEAR recorded a value increase of over 10% within a few hours, reaching a price of $1.23 following its recent surge. The market value of NEAR also surpassed $1 billion following this upswing. NEAR was one of the standout cryptocurrencies of the day following the integration announcement. According to CoinMarketCap data, NEAR was among the top-performing cryptocurrencies of the day in terms of percentage increase.
Conclusion
The integration of NEAR Protocol with Nexo, a blockchain-based crypto lending platform, led to a significant surge in the cryptocurrency’s value. NEAR recorded a value increase of over 10% within a few hours, reaching a price of $1.23. The market value of NEAR also surpassed the $1 billion mark following this surge, making it one of the standout cryptocurrencies of the day.
