With cryptocurrency markets seeing bearish momentum today, most coins registered single-digit percent price drops. However, with all the blood in the market, NEAR Protocol’s price increased by over 36% in the past week. What is NEAR, and why is the price rising? Let’s find out. What Is NEAR Protocol? NEAR describes itself as a collective, a foundation, and a development platform built on a new layer-one blockchain. According to its official website: “The NEAR Foundation (“NF”) is a unique kind of organization. It helped to launch both a technological platform — the NEAR Protocol — and the ecosystem around it.”
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