{"id":647297,"date":"2024-10-10T16:00:11","date_gmt":"2024-10-10T16:00:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=647297"},"modified":"2024-10-10T11:43:31","modified_gmt":"2024-10-10T11:43:31","slug":"explosive-growth-near-protocol-caters-to-3-million-daily-users","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/explosive-growth-near-protocol-caters-to-3-million-daily-users\/","title":{"rendered":"Explosive Growth: NEAR Protocol Caters To 3 Million Daily Users"},"content":{"rendered":"<p>As of Q3 2024, CryptoRank stated that 3 million addresses were active every day on NEAR Protocol, making it a major player in the blockchain world. This huge number is higher than both Tron (2 million daily active addresses) and Solana (2.4 million daily active addresses) during the same time period.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/6-million-eth-sale-ethereum-foundation-joins-whale-liquidation-frenzy\/\" target=\"_blank\" rel=\"noopener \">$6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy<\/a><\/div>\n<p>The growth of <a href=\"https:\/\/timestabloid.com\/polkadot-holders-welcome-positive-price-moves-while-near-protocol\/\" target=\"_blank\" rel=\"noopener nofollow\">NEAR<\/a> is in line with a larger trend in the AI cryptocurrency market. This shows that blockchain and AI are becoming more and more intertwined. This point of contact is driving more and more technological progress and user engagement across these channels.<\/p>\n<figure id=\"attachment_647302\" aria-describedby=\"caption-attachment-647302\" style=\"width: 995px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-647302 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_e46ee8.png?resize=995%2C548\" alt=\"\" width=\"995\" height=\"548\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_e46ee8.png?w=995 995w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_e46ee8.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_e46ee8.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_e46ee8.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_e46ee8.png?w=750 750w\" sizes=\"auto, (max-width: 995px) 100vw, 995px\"><figcaption id=\"caption-attachment-647302\" class=\"wp-caption-text\">Source: CryptoRank<\/figcaption><\/figure>\n<h2><strong>Surge In The AI-Cryptocurrency Sector<\/strong><\/h2>\n<p>One of the most important factors influencing user engagement on NEAR is the rapid growth in AI-related decentralized applications or dApps. As DappRadar reported, AI dApps increased by 70% compared with the previous quarter in Q3.<\/p>\n<p>The survey indicated that AI dApps garnered 4.3 million daily unique active wallets, illustrating the growing interest in this sector of the cryptocurrency industry. NEAR Protocol has swiftly leveraged this trend by establishing collaborations with major corporations such as Nvidia and Alibaba to augment its AI capabilities.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/O1tpWgaf\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">NEAR market cap currently at $5.5 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>With this further integration with AI, in addition to NEAR&#8217;s strong growing ecosystem, the network finds itself at the helm of innovation in this emerging blockchain landscape. Although the ecosystem is still experiencing positive growth, market sentiment remains cautious as the price of the protocol decreased by 2.36% to $4.87, along with a more than 30% decrease in trading volume.<\/p>\n<h2><strong>NEAR Protocol: Price Fluctuations Amid Market Ambiguity<\/strong><\/h2>\n<p>The current <a href=\"https:\/\/www.benzinga.com\/insights\/cryptocurrency\/24\/10\/41237721\/cryptocurrency-near-protocol-decreases-more-than-4-within-24-hours\" target=\"_blank\" rel=\"noopener nofollow\">price difficulties<\/a> of NEAR can be ascribed to overarching market conditions rather than the protocol&#8217;s intrinsic value. Despite the optimistic outlook suggested by daily active addresses and collaborations, recent data indicates a 0.4% reduction in NEAR&#8217;s circulating supply, now totaling 1.11 billion tokens. The protocol&#8217;s market capitalization now stands at $5.42 billion, ranking it 23rd overall in the market.<\/p>\n<figure id=\"attachment_647299\" aria-describedby=\"caption-attachment-647299\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-647299 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_6b78cd.png?resize=1024%2C288\" alt=\"\" width=\"1024\" height=\"288\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_6b78cd.png?w=1215 1215w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_6b78cd.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_6b78cd.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_6b78cd.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_6b78cd.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_6b78cd.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-647299\" class=\"wp-caption-text\">NEAR price projected to rise. Source: <a href=\"https:\/\/coincheckup.com\/coins\/near-protocol\/predictions\" target=\"_blank\" rel=\"noopener nofollow\">CoinCheckup<\/a><\/figcaption><\/figure>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/could-xrp-finally-hit-1-key-factors-to-consider-according-to-analysts\/\" target=\"_blank\" rel=\"noopener \">Could XRP Finally Hit $1? Key Factors To Consider, According To Analysts<\/a><\/div>\n<h3><strong>Price Forecast Indicates Rebound Potential<\/strong><\/h3>\n<p>The <a href=\"http:\/\/As of Q3 2024, CryptoRank stated that 3 million addresses were active every day on NEAR Protocol, making it a major player in the blockchain world. This huge number is higher than both Tron (2 million daily active addresses) and Solana (2.4 million daily active addresses) during the same time period. The growth of NEAR is in line with a larger trend in the AI cryptocurrency market. This shows that blockchain and AI are becoming more and more intertwined. This point of contact is driving more and more technological progress and user engagement across these channels. Surge in the AI Cryptocurrency Sector One of the most important factors influencing user engagement on NEAR is the rapid growth in AI-related decentralized applications or dApps. As DappRadar reported, AI dApps increased by 70% compared with the previous quarter in Q3. The survey indicated that AI dApps garnered 4.3 million daily unique active wallets, illustrating the growing interest in this sector of the cryptocurrency industry. NEAR Protocol has swiftly leveraged this trend by establishing collaborations with major corporations such as Nvidia and Alibaba to augment its AI capabilities. With this further integration with AI, in addition to NEAR&#039;s strong growing ecosystem, the network finds itself at the helm of innovation in this emerging blockchain landscape. Although the ecosystem is still experiencing positive growth, market sentiment remains cautious as the price of the protocol decreased by 2.36% to $4.87, along with a more than 30% decrease in trading volume. Price Fluctuations Amid Market Ambiguity The current price difficulties of NEAR can be ascribed to overarching market conditions rather than the protocol&#039;s intrinsic value. Despite the optimistic outlook suggested by daily active addresses and collaborations, recent data indicates a 0.4% reduction in NEAR&#039;s circulating supply, now totaling 1.11 billion tokens. The protocol&#039;s market capitalization now stands at $5.42 billion, ranking it 23rd overall in the market. Price Forecast Indicates Rebound Potential The medium-term prognosis for NEAR is predominantly favorable. Technical analysis forecasts an upward trend in the forthcoming seven days, with the token presently trading 220% beneath its projected value for the subsequent month. During a three-month interval, the price is anticipated to rise by 240%, indicative of favorable market sentiment and heightened adoption. Prolonged projections are similarly positive, with a six-month growth anticipated at 178% and a one-year projection indicating a 165% increase. Although short-term price fluctuations may indicate general market instability, the long-term prospects for NEAR are clear. Investors must keep tabs of forthcoming ecosystem advancements and AI trends to assess the protocol&#039;s price trajectory.\" target=\"_blank\" rel=\"noopener nofollow\">medium-term prognosis<\/a> for NEAR is predominantly favorable. Technical analysis forecasts an upward trend in the forthcoming seven days, with the token presently trading 220% beneath its projected value for the subsequent month. During a three-month interval, the price is anticipated to rise by 240%, indicative of favorable market sentiment and heightened adoption.<\/p>\n<p>Prolonged projections are similarly positive, with a six-month growth anticipated at 178% and a one-year projection indicating a 165% increase. Although short-term price fluctuations may indicate general market instability, the long-term prospects for NEAR are clear. Investors must keep tabs of forthcoming ecosystem advancements and AI trends to assess the protocol&#8217;s price trajectory.<\/p>\n<p><em>Featured image from Pexels, chart from Avark<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of Q3 2024, CryptoRank stated that 3 million addresses were active every day on NEAR Protocol, making it a major player in the blockchain world. This huge number is higher than both Tron (2 million daily active addresses) and Solana (2.4 million daily active addresses) during the same time period. Related Reading: $6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy The growth of NEAR is in line with a larger trend in the AI cryptocurrency market. This shows that blockchain and AI are becoming more and more intertwined. This point of contact is driving more and more technological progress and user engagement across these channels. Surge In The AI-Cryptocurrency Sector One of the most important factors influencing user engagement on NEAR is the rapid growth in AI-related decentralized applications or dApps. As DappRadar reported, AI dApps increased by 70% compared with the previous quarter in Q3. The survey indicated that AI dApps garnered 4.3 million daily unique active wallets, illustrating the growing interest in this sector of the cryptocurrency industry. NEAR Protocol has swiftly leveraged this trend by establishing collaborations with major corporations such as Nvidia and Alibaba to augment its AI capabilities. With this further integration with AI, in addition to NEAR&#8217;s strong growing ecosystem, the network finds itself at the helm of innovation in this emerging blockchain landscape. Although the ecosystem is still experiencing positive growth, market sentiment remains cautious as the price of the protocol decreased by 2.36% to $4.87, along with a more than 30% decrease in trading volume. NEAR Protocol: Price Fluctuations Amid Market Ambiguity The current price difficulties of NEAR can be ascribed to overarching market conditions rather than the protocol&#8217;s intrinsic value. Despite the optimistic outlook suggested by daily active addresses and collaborations, recent data indicates a 0.4% reduction in NEAR&#8217;s circulating supply, now totaling 1.11 billion tokens. The protocol&#8217;s market capitalization now stands at $5.42 billion, ranking it 23rd overall in the market. Related Reading: Could XRP Finally Hit $1? Key Factors To Consider, According To Analysts Price Forecast Indicates Rebound Potential The medium-term prognosis for NEAR is predominantly favorable. Technical analysis forecasts an upward trend in the forthcoming seven days, with the token presently trading 220% beneath its projected value for the subsequent month. During a three-month interval, the price is anticipated to rise by 240%, indicative of favorable market sentiment and heightened adoption. Prolonged projections are similarly positive, with a six-month growth anticipated at 178% and a one-year projection indicating a 165% increase. Although short-term price fluctuations may indicate general market instability, the long-term prospects for NEAR are clear. Investors must keep tabs of forthcoming ecosystem advancements and AI trends to assess the protocol&#8217;s price trajectory. Featured image from Pexels, chart from Avark<\/p>\n","protected":false},"author":557,"featured_media":647308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10151,142,6664,1623,88164,85054],"class_list":["post-647297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ai","tag-altcoins","tag-crypto","tag-dapps","tag-memecoins","tag-near"],"acf":[],"yoast_head":"\n<title>Explosive Growth: NEAR Protocol Caters To 3 Million Daily Users<\/title>\n<meta name=\"description\" content=\"As of Q3 2024, CryptoRank stated that 3 million addresses were active every day on NEAR Protocol, making it a major player in the blockchain world. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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