NEAR experienced a significant increase in value after announcing its integration into Nexo’s blockchain-based crypto credit platform. Within hours, NEAR recorded an average value increase of 10%, trading at $1.23.
NEAR Surges Following Integration Announcement
Although the cryptocurrency market started the day with a decline, it rebounded as the leading cryptocurrency Bitcoin reversed its direction. Bitcoin (BTC) began trading at $26,500 after its recent value increases. The rise in Bitcoin also boosted the value of most altcoins, pushing the total market capitalization of the crypto industry to $1.06 trillion, according to CoinMarketCap (CMC) data.
NEAR experienced a surge in value following the announcement of its integration with Nexo. With the upward movement of BTC, NEAR reached $1.23.
Nearly 8% Increase in Value Within Hours
Nexo, the blockchain-based crypto credit platform, announced its integration with NEAR through a tweet. NEAR Protocol (NEAR) experienced a surge in value after the integration announcement and further increased in value as the crypto market turned upwards.
NEAR recorded a value increase of over 10% within hours, trading at $1.23. With its strong upward momentum, NEAR’s market capitalization surpassed $1 billion.
NEAR’s integration announcement propelled a significant surge, making it one of the standout cryptocurrencies of the day. According to CMC data, NEAR ranked among the top 100 cryptocurrencies with the highest market capitalization and experienced one of the largest percentage increases.
