NEAR Price Correlates with Revenue Growth Amid 57% Private Trades

The price of NEAR Protocol's token has been steadily increasing, mirroring a similar pattern seen in Zcash (ZEC) rallies. As of August, revenue growth for NEAR Protocol was climbing, with 57% of trades executed privately.

According to analysts, the correlation between NEAR Protocol's revenue growth and token price is a key factor in its recent uptrend. The total volume of NEAR transactions has surpassed $5.9 billion.

The technical analysis shows that the price of NEAR is currently sitting at $2.01 within the Bollinger band, with the EMA50 holding at $1.91 as a support level. The MACD golden cross at 0.03 confirms the trend strength, and the RSI at 59.09 leaves room for further growth before reaching resistance at $2.04.