NEAR Protocol Eyes $10-$15 as Market Gears Up for Major Rally

Founder of MN Capital, Michaël van de Poppe, has tweeted about NEAR Protocol's bright futures. Citing NEAR as a perfect example, he tweeted hope for the next rising movement of the market.

Founder of MN Capital, Michaël van de Poppe, has his eyes set on NEAR Protocol’s promising future. In his latest tweet, he expressed hope for the next rising movement in the market, using NEAR as a prime example.

Highlighting NEAR’s gradual climb following a retest of its prior consolidation zone, van de Poppe anticipates the next target for NEAR in this rally to be between $10 and $15. His analysis suggests that the markets are preparing for the next significant upward move.

The markets are gearing up for the next big leg upwards.

$NEAR is a perfect example.

It retested the previous consolidation area and is slowly crawling upwards.

The next target in the rally is $10-15. pic.twitter.com/9tewdd6tQH

— Michaël van de Poppe (@CryptoMichNL) October 24, 2024

However, at the time of writing, NEAR’s price is around $4.55, showing a slight dip with a 2.73% decrease in the last 24 hours and a 5.54% decline over the last 7 days.

Despite the temporary price correction, the recent developments around NEAR Protocol bode well for its future prospects.

NEAR Protocol Strengthens Position with AI Partnerships and On-Chain Growth

One notable development reported by CNF is the alliance between Zero1 Labs and NEAR Protocol. This collaboration aims to support grassroots teams and decentralized artificial intelligence builders through hackathons and community projects.

As NEAR Protocol and Zero1 Labs join forces to promote innovation in distributed artificial intelligence, they aim to provide builders with scalable blockchain infrastructure and the necessary community support.

This collaboration marks a significant step forward in expanding NEAR’s presence in the distributed technology landscape.

In addition to the growing interest from AI builders, NEAR has also seen strong on-chain performance. As we previously reported, the daily active addresses of NEAR Protocol in Q2 2024 reached a historic peak, indicating a 42% increase in activity on the protocol.

This surge reflects the increasing adoption and interaction with the protocol, highlighting the potential of the platform.

Moreover, NEAR has recently launched TokenBridge, a major project connecting NEAR Protocol with Solana to enhance blockchain interoperability. This cross-chain capability is likely to add value to NEAR, catering to both developers and users seeking seamless interoperability across blockchain networks.