nprecedented Growth in Daily Active Users Amid Price Dynamics

NEAR Protocol (NEAR) is a proof-of-stake blockchain renowned for its focus on efficiency and scalability. Despite hosting a relatively small number of decentralized applications, NEAR Protocol (NEAR) has seen a massive surge in daily active users (DAU), hitting almost 700,000. This increase is remarkable, considering it does not directly correlate with NEAR Protocol’s (NEAR) market cap. The price dynamics of NEAR Protocol (NEAR) create an interesting scenario. While the DAU metric has grown massively, it has yet to translate into a proportional increase in NEAR Protocol’s (NEAR) price. The outlook for NEAR Protocol (NEAR) is somewhat optimistic. This increase in DAU and network’s unique architecture positions NEAR Protocol (NEAR) well for future growth. On November 29, 2023, NEAR Protocol (NEAR) was trading at $1.82. Analysts expect NEAR to hit $2.15 by the end of 2023, supported by increased adoption, making it a good crypto to buy today.