This Made Altcoin ATH! The News That Blows the Price Away, It Can Continue!

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We have always witnessed that crypto currencies make serious pricing with the good news that has come. However, with its latest announcement, NEAR also crossed the ATH region and reached up to $19.77 during the day. So what was the development that was so important for the Near Protocol? Can the price increase continue?

Near Protocol (NEAR) Received Investment

Recently, this altcoinwe have published news on CoinTurk about the fact that it can gain serious momentum. The expectation of popular analysts turned into reality very quickly this time. NEAR, which reached up to $ 19.77 during the day, brought serious profits to the ATHOS investor during the downturn period. Despite Bitcoin’s losses, the price is at an all-time high.

Day Thursday, The Near Foundation it announced the closure of a $150 million funding round. Su ZhuThree Arrows Capital, Mechanism Capital, Dragonfly Capital, Andreessen Horowitz (a16z), Jump, Alameda, Zee Prime and Amber Group such as crypto-focused large funds such as the private token sale has been completed with the participation of crypto-focused funds such as Amber Group.

Dragonfly General Partner Ashwin Ramachandra said:

Near, has done a great job in terms of technology and we want to help them achieve a developer, user, ecosystem adoption level that reflects the current levels of technological innovation”.

With the recent price movement, the 18th-place Near Coin it has reached a market value of exactly $ 11.7 billion.

DeFi Ecosystem

Funding, DeFi it is one of the biggest advantages of a fairly well-capitalized ecosystem for its protocols. In October, the developers Ethereum Near’s Aurora, which will enable it to fork over existing contracts and place the Solidity code on the chain, has raised $12 million. In addition to Near October, DeFi it announced an ecosystem fund of $800 million later in the month, with $350 million allocated to its grants and liquidity mining.

Near“Previously there was a feeling that you had to attract the ecosystem, but now the ecosystem attracts you,” said Illia Polosukhin, co-founder of .

Ramachandran of Dragonfly stated:

“For many people, Near has always been an interesting layer1, but due to the lack of applications in the ecosystem, it found value a little late. There was not much to do, but when we helped people understand that this was going to happen, they were excited because they had been aware of the team for some time”.

NEAR if it can achieve its planned targets this year, it can further increase its current position in the markets. We will be talking about the Near price and ecosystem, saying that this project has become the new Solana (SOL), which has a serious growth area with a market value of $ 11.7 billion yet, perhaps months later.

Disclaimer Of Liability: The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.
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