Neglected Ethereum Challenger Could Soar 400% This Bull Market Cycle, Says Coin Bureau Weekend Payday Loans

Crypto chain host Coin Bureau says an under-the-radar Ethereum rival is ready for an epic rally before the bull market ends.

In a new video, Guy, a pseudonymous crypto analyst, tells his 1.74 million subscribers he’s bullish on Near Protocol (NEAR), a blockchain designed for scalability and stability that allows developers to build Low-cost decentralized applications, enabling users to manage high-value assets. like money or identity weekend payday loans

According to Guy, the Rainbow Bridge, which allows users to move crypto assets between Ethereum and Near, has taken the fundamentals of the chain to a higher level.

Transaction metrics on the Near blockchain are moving in the right direction. The number of daily transactions has increased 30-fold since the Rainbow Bridge was introduced in March, and the total amount of gas spent has increased almost 20-fold with no signs of slowing down.

These strong fundamentals are clearly reversed in the recent Near coin price action and the Near protocol’s mid-sized market cap means it’s possible, if not likely, that Near will pull another 3x to 5x before the bull market ends. .

While Guy is bullish on the Ethereum challenger, he names an issue that could impact Near Protocol’s ability to grow.

“Despite all the developments, updates, announcements, investments and having a fairly large audience, Near Protocol does not appear to have a very large user base. Now I suspect this has something to do with the NEAR token not currently trading on any US stock exchange. “

The crypto analyst also mentions that Near may find it difficult to weekend payday loans"}” data-sheets-userformat=”{"2":513,"3":{"1":0},"12":0}”>weekend payday loans come out of the shadows of other larger smart contract platforms.

“The problem is that Near Protocol is losing ground against other cryptography projects of a similar caliber such as Ethereum (ETH) and especially Solana (SOL). I couldn’t help but notice that Near Protocol smart contracts are coded in Rust. Solana’s smart contracts are also coded on Rust. This means that the two projects are probably fighting over the small group of Rust developers who are interested in cryptocurrency.

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