NEAR (NEAR Protocol) increased by 10.74% in the last 24 hours.

Gate News Update: As of November 7th, according to CoinMarketCap data, NEAR (NEAR Protocol) is currently priced at $2.14, up 10.74% over the past 24 hours. The price reached a high of $2.20 and a low of $1.73 during this period, with a 24-hour trading volume of $428 million. Its current market capitalization is approximately $2.736 billion, an increase of $265 million compared to yesterday.

NEAR is a modular, high-speed protocol designed for AI, aimed at representing user actions. It offers not only computing power but also supports transactions, coordination, and evolution. On NEAR, AI interacts with users through the front end to execute intentions, while the blockchain handles identity, trust, and data on the back end. By simplifying blockchain user experience, NEAR supports execution of cryptographic models, verifiable computation, and cross-chain operations, providing developers with everything needed to build and scale AI-native systems. Its dynamic sharding system achieves global-scale performance and finality within 600 milliseconds, optimized for low latency, parallel execution, and thousands of concurrent agents.

Recent key updates on NEAR:

1️⃣ Growth in NEAR Protocol Transaction Activity
Daily transaction volume on NEAR is trending upward, reflecting increased network activity. This growth may be driven by new applications deployment or higher user engagement. Rising transaction volume is generally seen as a positive indicator of network health, supporting the value of NEAR tokens.

2️⃣ Positioning NEAR as AI Infrastructure Gains Attention
NEAR’s role as a modular, high-speed protocol designed specifically for AI is attracting more focus. Its low latency and high concurrency make it an ideal foundation for AI applications. As AI technology advances rapidly, NEAR’s advantages in this space could attract more developers and projects, helping expand its ecosystem.

3️⃣ Zcash Wallet Integrates NEAR Intent Functionality
The Zcash Zashi wallet recently integrated NEAR’s intent feature to facilitate private exchanges. This integration significantly boosts NEAR intent activity, opening new use cases and user groups within the NEAR ecosystem, which could drive adoption and increase trading volume.

From a technical perspective, NEAR’s price has rebounded notably from earlier levels around $2.12 and is currently trading at $2.14. In the short term, the trend appears upward, with key resistance near $2.20 and support around $1.73.

Please note: This information is not investment advice. Market risks and volatility should be carefully considered.