THELOGICALINDIAN - A contempo basic accession and rumors that the Layer 1 alternation will barrage a built-in stablecoin arise to be fueling the contempo rally
NEAR is bound abutting its best aerial price. A contempo $350 actor accession accumulated with rumors of a native, high-yield, algebraic stablecoin accept contributed to the Layer 1 chain’s ascent.
NEAR Approaches All-Time High
NEAR is outpacing the crypto market.
The sharded Layer 1 blockchain has soared 20% over the accomplished 24 hours and is bound abutting its above-mentioned best aerial of $20.44 set in January. Over the accomplished month, NEAR has climbed added than 90%, acceptable the better gainer in the top 20 cryptocurrencies by bazaar capitalization.
Several catalysts arise to be fueling NEAR’s rally. On Apr. 6, the Layer 1 announced its additional above basic accession this year, bringing in $350 actor from Tiger Global, Dragonfly Capital, and FTX Ventures, amid others.
Elsewhere, Barry Silbert, architect and CEO of Digital Currency Group, revealed the company’s third-largest crypto captivation was currently NEAR afterwards Bitcoin and Ethereum. Others accept additionally acicular out the Layer 1’s aciculate access in alive developers. According to data from Electric Capital, NEAR currently has over 140 full-time developers, outpacing battling Layer 1 platforms BNB Chain, Terra, and Avalanche, admitting sitting at a lower bazaar capitalization.
Additionally, several rumors surrounding NEAR’s development are circulating on amusing media, potentially accidental to the bullish momentum. A blog post from Twitter user Captain_Kole1 claims that NEAR will be listed on Coinbase in the abutting “couple of months” and that the exchange’s accessible NFT exchange could abutment NEAR NFTs.
Captain_Kole1 additionally claimed that NEAR would advertise the barrage of its own algebraic stablecoin on Apr. 20. They said that the dollar-pegged coin, which will allegedly accept the ticker USN, will action holders 20% crop on deposits, apery the crop amount Terra users can acquire on UST via Anchor Protocol.
As Captain_Kole1 did not accommodate any absolute affirmation for his claims, Crypto Briefing cannot affirm their credibility. However, it’s account acquainted that NEAR started accretion in amount anon afterwards Captain_Kole1’s blog column was published. Whether the claims are accurate or not, the bazaar appears to accept responded with a vote of confidence.
Disclosure: At the time of autograph this piece, the columnist endemic ETH, NEAR, and several added cryptocurrencies.
