NEAR Protocol Higher Low + Higher Volume (55%+ In 24H)

21 gru 2020

What Is Near Protocol (NEAR)?

NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees.

NEAR is the native utility token that is used for:

- Fees for processing transactions and storing data.
- Running validator nodes on the network via staking NEAR tokens.
- Used for governance votes to determine how network resources are allocated.

NEAR tools include:

- NEAR SDKs which includes standard data structures and testing tools for Rust and AssemblyScript.
- Gitpod for NEAR to create a zero time onboarding experience for developers.
- NEAR Wallet that lets application developers create streamlined user experiences.
- NEAR Explorer to aid with both debugging of contracts and the understanding of network performance.
- NEAR Command Line Tools to allow developers to deploy applications from local environments.

-----------

The NEARBTC chart is a pretty easy one to read.

If you look at the brown trendline, you can easily notice the higher highs and higher lows.

We also have a very strong volume breakout with the strongest volume bar so far for this pair.

Prices are currently trading above EMA10.

Multiple bullish signals...
Additional growth can happen next.

Namaste.