NEAR Protocol
Why NEAR Protocol is down 1.7% in the last hour
Analysis
NEAR Protocol (NEAR) slipped about 1.7% over the past hour as broader altcoin sentiment weakened amid reports that a large share of altcoins are trading near their all-time lows. CryptoPotato noted that “over 40% of altcoins” are near ATL levels and described conditions as worse than the last bear market, which likely pressured risk appetite across the altcoin complex, including NEAR.
Contributing Factors (1)
Over 40% of Altcoins Near All-Time Lows, Worse Than Last Bear Market
There are now more than 47 million tokens across major chains, spreading available liquidity thinner than at previous points in the cycle.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.