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On Monday, December 27, the price of the NEAR platform token of the same name at the moment exceeded $ 16.4. The asset has gained 70.5% in the past seven days, according to CoinGecko.
Binance’s NEAR / USDT hourly chart. Data: TradingView.
Over the past day, the growth was 3.3%. At the time of writing, NEAR is correcting and is trading at $ 15.1.
Positive dynamics is observed after the announcement of the integration of the UST stablecoin from the DeFi project Terra. On December 23, the NEAR team announced this, after which the price of the token rose from levels around $ 8.8 to levels above $ 14.
The LUNA-backed algorithmic stablecoin UST is a key building block of Terra. On December 24, the price of the native token of the project renewed its maximum, breaking through the $ 100 mark, and on December 27 at the moment it reached $ 103.4.
Bitfinex LUNA / USD hourly chart. Data: TradingView.
LUNA ranks ninth in terms of capitalization. Over the past seven days, the token has risen in price by 26.1%.
In December, the volume of funds blocked in the Terra ecosystem exceeded $ 18 billion. According to this indicator, the project is second only to Ethereum.
Recall that in November, the NEAR team launched the Simple Nightshade solution, designed to be the first step towards a fully segmented and scalable blockchain.
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