NEAR emerges as top gainer, open interest at 4-month high
NEAR Protocol’s native token, NEAR, gained bullish momentum over the past week and just reached its 10-month-high. NEAR is up 17.6% in the past 24 hours and is trading at $2.74 at the time of writing — a level last seen in mid-February. The asset’s market cap currently stands at $2.74 billion, making it the 31st-largest cryptocurrency. NEAR price, open interest , Binance funding rate and RSI – Dec. 20 | Source: Santiment NEAR Protocol’s daily trading volume recorded a 144% rally, surpassing the $400 million mark. You might also like: Elastos eyes $700b Bitcoin staking market with Layer 2 network According to data provided by the market intelligence platform Santiment, NEAR’s total open interest (OI) increased by 17.2% — rising from $77.5 million to $90.8 million. While the current OI shows high investor interest , the exact amounts of short and long position holders are not clear. It’s important to note that NEAR’s OI has surpassed the $90 million mark for the ...