The Near Protocol project token has grown by 22.7% over the past day. Capitalization of NEAR crossed the mark of $12 billion.
Over the past 7 days, NEAR has grown by 38.7%, over 30 days – by 88.3%. The asset rose to 16th place in the ranking CoinGeckoahead of the “wrapped” bitcoin WBTC.
The growth of the coin accelerated following the news regarding attraction of $350 million by the project from a number of investors. In addition, Barry Silbert tweeted that NEAR is the third most valuable asset in the portfolio of the Digital Currency Group he leads.
Time for the big reveal…
DCG’s new third largest crypto holding is… $NEAR
1) $ BTC
2) $ ETH
3) $NEAR
4) $ZEC
5) $ZEN https://t.co/PbQ5BoEpC3— Barry Silbert (@BarrySilbert) April 7, 2022
The quotes might have been positively affected by rumors regarding the launch algorithmic stablecoin USN. One of the users found a reference to a token with the corresponding ticker in the interface of the Ref Finance protocol.
$USN might be true following all | An algorithmic stablecoin on the $NEAR blockchain
Here is the source: @finance_ref testnethttps://t.co/C6s7M8SsuR —> Click on stableswaphttps://t.co/we8qZtelN2 pic.twitter.com/OnrtwCnwuD
— ResDegen®️ (@resdegen) April 7, 2022
Twitter account NEAR Blockchain posted a tweet mentioning USN.
U S N ????
— NEAR Blockchain (@NEAR_Blockchain) April 8, 2022
Founder of Zorax Capital Zoran Cole reportedthat the launch of the USN will allegedly take place on April 20. According to him, there will be the possibility of farming a token with an annual yield of ~ 20%.
Recall that in January the NEAR Protocol team introduced a new staking mechanism.
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