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NEAR Surge Linked to Zcash Rally, Analyst Predicts Price Increase

Guavy AI Editorial Team
Instruments
HYPE NEAR ZEC
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Near Protocol (NEAR) surged over 10% on Sunday after analyst Michaël van de Poppe linked its rally to Zcash's performance, citing a near one-to-one correlation between the two assets.

Zcash surpassed Hyperliquid to become the top altcoin by market cap, with a record $2.4 billion open interest. Van de Poppe pointed out that the correlation between NEAR and ZEC is nearly 1:1.

Van de Poppe wouldn't be surprised to see NEAR hit $4.50-$5.00 in the next few weeks, suggesting a potential over 100% price increase from its current trading price of $2.42.

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