The Near Protocol (NEAR) token has seen a strong rally in the past 24 hours as the network partners with Panther to develop privacy solutions for DeFi
The Near Protocol token is currently trading at $7.19 at the time of writing. The NEAR token could 2X if the bulls can maintain control of the current rally. The first target for the NEAR coin is its all-time high (ATH) currently located at $11.84. The token could soon breach its ATH if the volumes keep rising.
How & where to buy Near Protocol in the UK and elsewhere
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What is Near Protocol?
The Near Protocol is used for developing dApps and is comparatively cheaper than other platforms like Ethereum. It provides support for ERC-20 tokens via a bridge. The NEAR token is used for governance purposes inside the network and is also used for paying transaction fees.
Should I buy NEAR today?
The Near Protocol is currently enjoying a strong rally with a steady increase in buy volumes. The token could rally further in the short term if the whales continue to purchase huge quantities. The early adopters of NEAR could benefit from the long term price rise of the token as the ecosystem expands. Traders could also exploit the price volatility for short term gains.
This article is informational only—none of the contents should be construed as financial or investment advice.
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