{"id":264444,"date":"2022-10-16T22:00:44","date_gmt":"2022-10-16T16:30:44","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=264444"},"modified":"2024-02-01T14:43:55","modified_gmt":"2024-02-01T09:13:55","slug":"near-protocol-makes-competitors-sweat-with-this-new-development","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/near-protocol-makes-competitors-sweat-with-this-new-development\/","title":{"rendered":"NEAR Protocol makes competitors \u201cSWEAT\u201d with this new development"},"content":{"rendered":"<p><a href=\"http:\/\/ambcrypto.com\/near-protocol-adds-tether-usdt-to-its-pack-but-heres-the-catch\/\"><span style=\"font-weight: 400;\">NEAR protocol<\/span><\/a><span style=\"font-weight: 400;\"> managed to witness a massive surge in terms of its number of active users. One of the reasons for this surge could be the <\/span><a href=\"https:\/\/twitter.com\/SweatEconomy\"><span style=\"font-weight: 400;\">Sweat Economy<\/span><\/a>,<span style=\"font-weight: 400;\"> a move-to-earn application similar to <\/span><a href=\"http:\/\/ambcrypto.com\/stepn-gmt-has-a-new-update-and-you-shouldnt-miss-out-on-it\/\"><span style=\"font-weight: 400;\">STEPN<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">____________________________________________________________________________________<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Here\u2019s AMBCrypto\u2019s <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/near-price-prediction\"><span style=\"font-weight: 400;\">Price Prediction for NEAR <\/span><\/a><span style=\"font-weight: 400;\">for 2022-2023<\/span><\/p>\n<p><span style=\"font-weight: 400;\">____________________________________________________________________________________<\/span><\/p>\n<h3><b>Breaking a sweat<\/b><\/h3>\n<p><a href=\"https:\/\/twitter.com\/MessariCrypto\"><span style=\"font-weight: 400;\">Messari<\/span><\/a><span style=\"font-weight: 400;\">, a leading crypto analytics firm,<\/span><a href=\"https:\/\/twitter.com\/MessariCrypto\/status\/1581283784665669637?s=20&amp;t=VaiSpFbtXzvHPXhX5G5ItQ\"><span style=\"font-weight: 400;\"> tweeted<\/span><\/a><span style=\"font-weight: 400;\"> on 15 October that the number of daily active users on the NEAR platform observed a massive spike. Additionally, the NEAR protocol outperformed a lot of its competitors with the help of \u2018Sweat Economy\u2019.<\/span><\/p>\n<figure id=\"attachment_264445\" aria-describedby=\"caption-attachment-264445\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/pasted-image-0-7.png\"><img decoding=\"async\" class=\"size-full wp-image-264445\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/pasted-image-0-7.png\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/pasted-image-0-7.png 1280w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/pasted-image-0-7-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/pasted-image-0-7-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/pasted-image-0-7-768x432.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><figcaption id=\"caption-attachment-264445\" class=\"wp-caption-text\">Source: Messari<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The number of stakers on the platform also grew immensely over the past few days. The number of <\/span><a href=\"https:\/\/www.stakingrewards.com\/earn\/near-protocol\/\"><span style=\"font-weight: 400;\">stakers grew by 0.48%<\/span><\/a><span style=\"font-weight: 400;\"> since the last week after witnessing a dip on 12 October as can be observed from the image below.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The staker revenue witnessed a consistent growth according to the data provided <\/span><a href=\"https:\/\/www.stakingrewards.com\/earn\/near-protocol\/\"><span style=\"font-weight: 400;\">by Staking Rewards. <\/span><\/a><span style=\"font-weight: 400;\">Furthermore, the amount of revenue that could be earned by staking NEAR increased by 9.76% in 2022.<\/span><\/p>\n<figure id=\"attachment_264446\" aria-describedby=\"caption-attachment-264446\" style=\"width: 1248px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-11.39.53-AM.png\"><img decoding=\"async\" class=\"size-full wp-image-264446\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-11.39.53-AM.png\" alt=\"\" width=\"1248\" height=\"722\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-11.39.53-AM.png 1248w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-11.39.53-AM-300x174.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-11.39.53-AM-1024x592.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-16-at-11.39.53-AM-768x444.png 768w\" sizes=\"(max-width: 1248px) 100vw, 1248px\" \/><\/a><figcaption id=\"caption-attachment-264446\" class=\"wp-caption-text\">Source: Staking Rewards<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The interest from stakers could be attributed to the increasing staker revenue. However, the growth in development activity may have also peaked trader and investor interest. <\/span><span style=\"font-weight: 400;\">Over the last month, <\/span><a href=\"http:\/\/ambcrypto.com\/near-holders-should-take-a-look-at-this-stat-before-taking-profit\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">NEAR<\/span><\/a><span style=\"font-weight: 400;\">\u2019s development activity grew significantly indicating that the NEAR protocol\u2019s team might be working on new updates and upgrades.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This spike in dev activity may also compel traders to go long on <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/near-price-prediction\"><span style=\"font-weight: 400;\">NEAR<\/span><\/a>.<span style=\"font-weight: 400;\"> However, they should keep NEAR\u2019s weighted sentiment in mind before making this decision. <\/span><span style=\"font-weight: 400;\">The weighted sentiment for the <\/span><a href=\"http:\/\/ambcrypto.com\/near-rounds-off-a-strong-week-on-the-back-of-these-indicators\/\"><span style=\"font-weight: 400;\">NEAR <\/span><\/a><span style=\"font-weight: 400;\">protocol declined over the past few days. This indicated that the public sentiment for NEAR was slightly negative.<\/span><\/p>\n<figure id=\"attachment_264450\" aria-describedby=\"caption-attachment-264450\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-11.46.52-16-Oct-2022-1.png\"><img decoding=\"async\" class=\"size-full wp-image-264450\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-11.46.52-16-Oct-2022-1.png\" alt=\"\" width=\"2048\" height=\"693\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-11.46.52-16-Oct-2022-1.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-11.46.52-16-Oct-2022-1-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-11.46.52-16-Oct-2022-1-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-11.46.52-16-Oct-2022-1-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-11.46.52-16-Oct-2022-1-1536x520.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/a><figcaption id=\"caption-attachment-264450\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h3>A long journey to the end&#8230;<\/h3>\n<p><span style=\"font-weight: 400;\">Along with the sentiment, NEAR\u2019s volume decreased as well. In the last two days, NEAR\u2019s volume decreased from 416 million to 105.6 million at press time. This could imply a bearish outlook for NEAR in the coming future. <\/span><span style=\"font-weight: 400;\">Additionally, NEAR witnessed a decline in its market cap and stood at 2.4 billion at the time of writing.<\/span><\/p>\n<figure id=\"attachment_264451\" aria-describedby=\"caption-attachment-264451\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-12.00.23-16-Oct-2022.png\"><img decoding=\"async\" class=\"size-full wp-image-264451\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-12.00.23-16-Oct-2022.png\" alt=\"\" width=\"2048\" height=\"693\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-12.00.23-16-Oct-2022.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-12.00.23-16-Oct-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-12.00.23-16-Oct-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-12.00.23-16-Oct-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/NEAR-Protocol-NEAR-12.00.23-16-Oct-2022-1536x520.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/a><figcaption id=\"caption-attachment-264451\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">NEAR was trading at $2.97 at press time and its price had depreciated by 0.87% in the last 24 hours. Along with NEAR\u2019s declining prices, its volatility also witnessed a depreciation and fell by 18.73% in the past week.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEAR protocol managed to witness a massive surge in terms of its number of active users. One of the reasons for this surge could be the Sweat Economy, a move-to-earn application similar to STEPN. ____________________________________________________________________________________ Here\u2019s AMBCrypto\u2019s Price Prediction for NEAR for 2022-2023 ____________________________________________________________________________________ Breaking a sweat Messari, a leading crypto analytics firm, tweeted on<a href=\"https:\/\/ambcrypto.com\/near-protocol-makes-competitors-sweat-with-this-new-development\/\">Continue reading <span class=\"sr-only\">&#8220;NEAR Protocol makes competitors \u201cSWEAT\u201d with this new development&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":264452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-264444","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NEAR Protocol makes competitors \u201cSWEAT\u201d with this new development - AMBCrypto<\/title>\n<meta name=\"description\" content=\"NEAR protocol managed to witness a massive surge in terms of its number of active users. 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