Biggest Movers: Near Surges by Over 25% on News of an Upcoming Stablecoin
NEAR rallied by over 25% on Friday, as speculation grew that Near Protocol was set to create a rival stablecoin to Terra’s UST. LUNA fell on the news, as Terra labs plans to purchase around $100 million worth of AVAX, in order to strengthen its own reserves. Near Protocol (NEAR) NEAR was the biggest gainer during today’s session, climbing by over 25%, as traders reacted to two recent fundamental developments. The price surge began yesterday, after it was announced that NEAR had raised $350M in funding from the likes of Tiger Global and FTX Ventures.....
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NEAR has risen by over 20% during today’s session, pushing prices to their highest level since late January. AXS also rebounded on Saturday, following a $640 million hack, which sent its price down this week.
NEAR Protocol (NEAR)
NEAR was undoubtedly one of the biggest gainers in crypto markets to start the weekend, as its price gained by more than 20% on the day.
Following a low of $13.08 on Friday, NEAR/USD rallied to a peak of $16.23 in today’s session, as prices were nearly 22% higher.
Today’s peak is the highest level NEAR has....
Cryptocurrency markets were mostly in the green on Friday, as DOT was up by nearly 40%, moving away from an 18-month low. Although SOL, AVAX, and MATIC all rose by over 20%, it was SHIB that was one of the standout gainers in today’s session.
Polkadot (DOT)
DOT was one of today’s biggest gainers, as it climbed by nearly 40% during Friday’s stretch, moving away from recent lows in the process.
On Friday, DOT/USD surged to a peak of $11.73, which comes less than 24 hours after it hit a low of $7.04
This bottom was the lowest level DOT has....
SHIB was trading by as much as 10% higher on Saturday, as crypto markets were mainly in the green. NEAR was also higher on Saturday, prices having now risen for three consecutive sessions. Overall, crypto markets are up 2.73% as of writing. Shiba Inu (SHIB) SHIB was one of the notable movers in crypto markets on Saturday, as prices rose by over 10% to start the weekend. The price of the meme coin rose to an intraday high of $0.00001178 in today’s session, which is the third straight daily gain in SHIB. As a result of Saturday’s surge, SHIB/USD is now trading nearly 50%....
Filecoin was one of Saturday’s biggest gainers, as prices rose by as much 24% to start the weekend. The move saw the token reach its highest point since early June, and comes despite cryptos being mostly in the red in today’s session. DOT was also higher, as it too hit a multi-week high. Filecoin (FIL) Filecoin (FIL) was one of the big movers in crypto markets on Saturday, as prices of the token surged by over 24%. On Saturday, FIL/USD rose to an intraday high of $7.49, which comes less than a day after being at a bottom of $5.81. As a result of this, FIL reached its highest....
DOGE rallied on Monday, as traders reacted to the news that Elon Musk was possibly nearing a takeover of Twitter. While DOGE surged, AXS and WAVES were also big movers, however they were mainly in the red, as recent losses extended.
Dogecoin (DOGE)
DOGE was trading higher to start the week, as markets reacted to the news that Elon Musk’s bid to acquire Twitter was being considered by the board.
Musk previously stated that he could see DOGE used as a payment or tipping method on the platform, should his attempts to acquire the social media company....