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NEAR Protocol Targets $3 Amid Institutional Adoption and Bullish Momentum
In a remarkable turn of events, NEAR Protocol has been gaining institutional traction, with recent adoption milestones and bullish technical signals propelling its price toward the $3 resistance level.
NEAR’s impressive 6% gain last week was fueled by institutional interest, as evidenced by Bitwise introducing its NEAR staking ETP on Germany’s Xetra exchange. This development underscores strong institutional appetite for the protocol. Furthermore, Grayscale added NEAR to its Decentralized AI Fund with a sizeable 28.41% allocation, further solidifying European adoption and contributing to a 7.6% rally on July 9.
The number of monthly active users surged to an astonishing 46 million as of July 11, reinforcing confidence in the protocol’s long-term fundamentals.
Source: Blockchain.News
