Surge in NEAR of 5% Following Nexo Integration Goes Against Market Tendency

 

A collaboration with the new company Tokenproof was also revealed.
 
Following news that cryptocurrency exchange Nexo has incorporated the Near network, the price of Near Protocol's native token NEAR has risen by 5% over the last 24 hours. Deposits and withdrawals of NEAR may now be made on that trading platform.

CoinDesk's Market Index (CMI) was down 0.7% on Wednesday, so this large increase comes at a time when the wider crypto markets are generally trending down.

Despite today's gain, NEAR is still 15% lower than where it was a month ago.

On Tuesday, Near and Tokenproof, a firm that facilitates interactions between companies and their consumers using tokens, announced a collaboration to integrate with the Near Protocol Blockchain Operating System.

According to the announcement, Tokenproof app users in the vicinity will soon be able to link their digital wallets with the service to get access to virtual and physical goods and services.

 Tags : Trading Market Tendency NEAR Protocol Bitcoin Investing Market Wrap On-chain Data Balancer DeFi