$NEAR Price Surge: Will it Reach $5?
Crypto Twitter is abuzz over $NEAR Protocol after a recent price surge. This surge has left many wondering if the price will continue to rise, with some predicting a target of $5.
The current market data shows that NEAR Protocol's price is trading at $2.4047, up 10% in the last 24 hours. The total market capitalization is around $3.13B, and the 24-hour volume is $680.89M.
A notable aspect of this recent surge is the sharp increase in liquidations. According to Coinglass data from Binance, there have been over 1.52M liquidations in the last 24 hours, with shorts taking a bigger hit than longs. This suggests that traders who were betting against the move got squeezed.
$NEAR is also promoting its platform as a multi-chain hub for swapping, sending, earning, and managing over 100 assets. The platform has recently integrated ZEC, allowing users to pay, earn, hedge, and trade from one account.