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As the larger crypto market bleeds, the Near Protocol coin has been making headlines with its bullish rally. It set a new all-time high of $17.60 on January 4, this year, and despite the short pullback analysts expect the price to continue rallying.
As a result of the rallying, there has been increased demand for NEAR Protocol (NEAR) among investors and Invezz has created a brief article to assist the investors with what NEAR Protocol (NEAR) coin is and where to buy it.
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Best places to buy the NEAR coin
Binance
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Buy NEAR with Binance today
What is NEAR Protocol (NEAR)?
NEAR Protocol (NEAR) is the native utility cryptocurrency used in the NEAR blockchain protocol.
The NEAR protocol is a decentralized blockchain platform for making apps that are usable on the web. It runs on a proof-of-stake consensus mechanism known as Nightshade that enables it to remain scalable while offering stable fees to its users.
The NEAR token is used for paying the fees required for validating transactions and storing data, running validator nodes on the protocol by staking the NEAR tokens, and also for governance.
Should I buy NEAR Protocol coin today?
Going by the recent price movements, the NEAR Protocol coin is a good investment.
Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.
NEAR Protocol price prediction
Going by the recent price movements, NEAR Protocol (NEAR) price is anticipated to continue with its bullish trend and possibly hit $20 by the end of January.
However, it is always important to keep in mind that the cryptocurrency market is extremely volatile and it can unleash surprising moves.
$NEAR social media coverage
Deep dive into the Top 10 #NFT projects building on @NEARProtocol! 💥#NEAR’s NFT community is using Nightshade’s ultra fast, carbon-neutral sharding speeds to build on.
— NEAR Protocol (@NEARProtocol) January 10, 2022
We take a look at @ParasHQ, @OPGames_, @mintbase, @DAOrecords_ and others!
Read 🔽https://t.co/hZW2Q01cXI
📣 @NEARProtocol listed as the 3rd fastest-growing crypto ecosystem for developers in 2021! 🔥 @JeffKauflin of @Forbes dives into @ElectricCapital’s report on which platforms and blockchains attracted the most developers in 2021.
— NEAR Protocol (@NEARProtocol) January 10, 2022
Read the report 🔽https://t.co/8bIdgrNIy5