NEAR Protocol Skyrockets 156%, Is It Too Late to Invest?

NEAR Protocol has experienced an impressive 156% increase over the past three months, making it the standout performer among major cryptocurrencies.

This growth primarily occurred in September, when NEAR's private trading feature launched on September 17, allowing users to trade perpetual futures without connecting their wallets to their trading positions.

The launch included a small token airdrop, distributing 333,333 NEAR tokens worth approximately $1.7 million after deposits exceeded $70 million in the private trading system.

NEAR has already dropped about 6% since September 30 as some investors took profits following the dramatic price surge.