NEAR Protocol

Rally

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<p>The post <a rel="nofollow" href="https://coinpedia.org/news/the-46-rally-of-near-protocol-near-primary-reason-behind-it/">The 46% Rally of Near Protocol (NEAR), Primary Reason Behind It</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In recent weeks, Near Protocol (NEAR) has taken the market by storm, experiencing an impressive 46% rally. While such price surges can leave investors wondering, a closer look at the underlying factors reveals the driving forces behind this substantial upswing.</p> 
<h2 class="wp-block-heading" id="h-tiger-global-pour-350-million-in-near-protocol"><strong>Tiger Global Pour $350 Million In Near Protocol</strong></h2> 
<p>Near Protocol achieved a significant milestone by securing an impressive $350 million in a recent funding round. This substantial investment, led by digital investor Tiger Global, not only fortified NEAR’s financial foundation but also played a pivotal role in boosting investor confidence.</p> 
<p>Meanwhile, the involvement of such giant investors like Tiger Global serves as a strong endorsement, capturing the attention of both retail and institutional investors.&nbsp;</p> 
<p>However, it introduces certain risks, particularly for retail investors, who may become liquidity providers when larger players decide to cash out.</p> 
<h2 class="wp-block-heading" id="strong-near-s-strategic-partnership-with-nym-strong"><strong>NEAR’s Strategic Partnership with Nym</strong></h2> 
<p>NEAR took a significant step in enhancing network security with its <a href="https://blog.nymtech.net/press-release-nym-partners-with-near-foundation-bringing-web3-privacy-to-users-and-validators-844966df7f0b">partnership with Nym</a>, a respected blockchain security firm. This collaboration aims to introduce end-to-end encryption and metadata privacy services within the NEAR ecosystem.</p> 
<p>Nym, known as a “Layer-0” privacy infrastructure provider, brings its expertise in mixnet tools to the table. The primary goal is to encrypt and conceal blockchain traffic, safeguarding data during transit.&nbsp;</p> 
<p>This alliance enhances security and privacy for NEAR users, a crucial measure against unwanted surveillance, targeted attacks, and cyber threats.</p> 
<h2 class="wp-block-heading" id="strong-near-price-predictions-for-2023-strong"><strong>NEAR Price Predictions for 2023</strong></h2> 
<p>NEAR Protocol has maintained a consistent upward trajectory, reflecting a strong bullish sentiment in the market.&nbsp;</p> 
<p>Following a significant market upswing, the NEAR price successfully reclaimed the $1.27 mark and broke through a key resistance level at $1.1. The recent surge to <a href="https://coinmarketcap.com/currencies/near-protocol/">$1.54</a>, fueled by Tiger Global’s funding news, has attracted attention.&nbsp;</p> 
<p><a href="https://coinpedia.org/price-prediction/near-protocol-near-price-prediction/">Coinpedia</a> has even made a price prediction for NEAR in the upcoming year, considering the prevailing market sentiments. The projected price range for 2023 is estimated to be between $1.965 and $2.7044, with an average of $2.334.</p>

The 46% Rally of Near Protocol (NEAR), Primary Reason Behind It

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