NEAR (NEAR Protocol) rose 8.18% in 24 hours.

Gate News Bot news, on November 20, according to CoinMarketCap data, as of the time of writing, NEAR (NEAR Protocol) is currently priced at $2.37, with a rise of 8.18% in the last 24 hours, reaching a high of $2.61 and a low of $2.15. The 24-hour volume is $476 million. The current market capitalization is approximately $3.041 billion, an increase of $230 million compared to yesterday.

NEAR is a high-speed modular protocol designed for AI, aimed at enabling AI to act on behalf of users. On NEAR, AI interacts with users as the front end and executes intentions, while the blockchain handles identity, trust, and data as the back end. NEAR's dynamic sharding system offers globally scalable performance, achieving final confirmation within 600 milliseconds, specifically designed for low latency, parallel execution, and supporting thousands of concurrent agents. NEAR simplifies the blockchain user experience, with agents defining outcomes, while NEAR manages routing, signing, and execution across any chain in the background, without the need for wallets, bridges, or tokens.

Recent important news about NEAR:

1️⃣ NEAR protocol trading activity shows significant rise The daily volume on the NEAR protocol shows a significant rise trend. This rise reflects a notable increase in network activity, possibly due to the deployment of new applications or an enhancement in user participation. The increase in volume is usually seen as a positive signal for the healthy development of the network, helping to support the value of the NEAR token.

2️⃣ NEAR solidifies its position as AI infrastructure The NEAR protocol, designed as a modular high-speed protocol specifically for AI, is gaining increasing attention. Its low latency and high concurrency characteristics make it an ideal underlying infrastructure for AI applications. With the rapid development of AI technology, NEAR's advantages in this field may attract more developers and projects, thereby promoting the expansion of the ecosystem.

3️⃣ Zcash wallet integrates NEAR intent feature The Zashi wallet of Zcash recently introduced the intent feature of the NEAR protocol for private exchanges. This integration significantly enhances the activity of NEAR intent, bringing new application scenarios and user groups to the NEAR ecosystem, and is expected to promote the adoption rate and volume of NEAR further.

From a technical perspective, NEAR's price has experienced significant fluctuations in the past few days. Recently, NEAR reached a high of $3.14, followed by a pullback. The current price is around $2.37, and investors should closely monitor the short-term resistance level around $2.61 and the support level around $2.15.

This message is not to be taken as investment advice, and investors should pay attention to market volatility risks.