🚀 Is $NEAR about to reverse?
Price is still below EMA34 ($3.93) but is bouncing from the bottom area of $2.6 📈
1. Analysis of the NEAR Protocol project (fundamental factors)
• Project objective: NEAR is a layer-1 blockchain aimed at high speed, low fees, supporting smart contracts and dApps similar to Ethereum but more friendly to developers (Rust, AssemblyScript languages).
• Strengths:
• Sharding technology (Nightshade) helps to scale almost infinitely without increasing fees.
• The developer community is quite strong, with many DeFi, NFT, and gaming projects implemented.
