NEAR Protocol Review: What The Data Tells Us
Let's talk about NEAR Protocol for a moment. I've pulled together some key metrics that paint an interesting picture.
📈 Current Price Action
At $1.18, the price action has been relatively stable lately. We're seeing bearish pressure over the past week. The monthly chart shows significant correction from recent highs.
NEAR Protocol price movement over the last 7 days
💰 Market Metrics
With a market cap of $1.52B, it's ranked #63 in the crypto market. The 24h volume of $232.28M represents 15.27% of the market cap, which indicates strong trading activity.
| Metric | Value |
|---|---|
| Current Price | $1.18 |
| 24h Change | -1.09% |
| 7d Change | -18.49% |
| 30d Change | -29.29% |
| Market Cap | $1.52B |
| 24h Volume | $232.28M |
| Market Rank | #63 |
🪙 Supply Dynamics
Currently $1.29B coins are circulating from a total supply of $1.29B.
📊 Historical Context
The all-time high was $20.44, and we're currently 94.21% below that level. The all-time low sits at $0.53, which means we're 124.47% up from the bottom.
That's a significant discount from ATH, which could present opportunity - or suggest fundamental changes in the project's prospects.
🤔 My Take
Looking at the underlying metrics, NEAR Protocol is in a consolidation phase. The fundamental metrics show room for growth if fundamentals improve.
Remember, higher volatility means higher risk. Position sizing is crucial.
🎯 Final Thoughts
There you have it - my breakdown of NEAR Protocol. The metrics tell a story, but everyone interprets data differently. What do you see that I might have missed?
This is not financial advice. Always do your own research before making investment decisions.
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