Near Protocol Matches Dogecoin Price Performance in March, Is Green Bitcoin the Next Eco-Friendly Crypto To Explode?
Near Protocol has risen by 3% in the past 24 hours, with its move to $7.18 also marking an impressive 63% gain in a week.
With the alt also up by 127% in the last 30 days, it has outperformed numerous other major tokens, with Dogecoin (DOGE), for example, also rising by just over 100% in a month.
Yet it isn’t the only high-potential coin in the market right now, with several newer tokens looking ready to post above-average gains in the near future.
This includes Green Bitcoin (GBTC), a new Ethereum-based version of Bitcoin that has seen its presale raise $3.5 million in only a few weeks.
Near Protocol Matches Dogecoin Price Performance in March
Near Protocol’s chart looks pretty bullish at the moment, with its indicators showing plenty of buying pressure.
Its relative strength index (purple) has hit nearly 80 again after reaching this level last week and seesawing a little, suggesting that its current rally still has some life left in it.
Source: TradingView
Its 30-day average (yellow) is also rising vigorously at the moment, putting more distance between it and the 200-day (blue), a sign that it remains firmly in a growth spurt.
Volume is also healthy at $750 million, compared to about $250 million a month ago, suggesting a good level of demand.
To a large extent, NEAR has benefitted from the current bull market, which has resulted in bullishness across the board.
Yet it has also risen for more fundamental reasons, with the PoS layer-one blockchain network – which uses chain abstraction to allow for a more user-friendly experience – attracting growing usage in recent weeks.
Data Availability is crucial in bringing the vision of Chain Abstraction to light.
That’s why NEAR powers the most cost-effective and reliable DA service. Ever.
They’re not just claims. They’re bringing the receipts.
Compare costs and more here: https://t.co/q0XGWX2616 pic.twitter.com/PEGO5rvZTB
— NEAR Protocol (@NEARProtocol) March 11, 2024
For instance, its total value locked in has risen by over 150% since the start of the year, a sign of more developers and users flocking to its chain.
Such growth has helped the Near Protocol price rise in recent weeks, with the coin enjoying similar gains to that of numerous other big coins, including DOGE.
And assuming that the market will continue rallying at least until the Bitcoin halving in April, NEAR should reach $10 in the next few weeks.
Is Green Bitcoin the Next Eco-Friendly Crypto To Explode?
As well as NEAR has done recently, many traders may be tempted to look towards newer coins, with several presale tokens looking very promising.
A prime example of this is Green Bitcoin (GBTC), a new ERC-20 token that offers a new predict-to-earn staking model.
It recently launched its presale and has already raised $3.5 million from eager investors.
Introducing Green Bitcoin: A Revolutionary Predict-To-Earn Token.
Join us on our Gamified Green Staking Platform, where your predictions can turn into profits!
Website: https://t.co/dG5cEeCtRs
Telegram: https://t.co/bWanoe0vHv pic.twitter.com/eXuGQBkxio
— GreenBitcoin (@GreenBTCtoken) December 3, 2023
Having a max supply of 21 million GBTC, like Bitcoin itself, it differentiates itself from the original cryptocurrency via two main features.
One the one hand, its use of the Ethereum blockchain makes it much greener than Bitcoin, which remains a proof-of-work crypto.
On the other, it offers a unique predict-to-earn staking model that enables users to earn more if they correctly predict future price changes for Bitcoin.
Once it launches, users will be able to make predictions on a daily basis, with the option to lock tokens for longer periods, including up to six months.
The idea of this system is to foster more engagement in the Green Bitcoin ecosystem, with its long-term staking mechanism likely to boost the long-term holding of GBTC.
And given that GBTC has a deflationary supply, like Bitcoin, its staking system could result in high relative demand, pushing up its price over time.
Did you know you can earn HUGE, simply by staking your Green Bitcoin?
If you haven’t yet, go to our website and check out the Staking feature! pic.twitter.com/6wiv99ER0O
— GreenBitcoin (@GreenBTCtoken) February 25, 2024
Investors can participate in its presale now by visiting the official Green Bitcoin website, where 1 GBTC token costs $0.8402.
This price will rise at regular intervals as the presale progresses, yet it could rally big once the token lists on exchanges and users begin staking.
The post Near Protocol Matches Dogecoin Price Performance in March, Is Green Bitcoin the Next Eco-Friendly Crypto To Explode? appeared first on Cryptonews.
