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Near Protocol (NEAR) showed the largest increase in the number of open wallets, according to the interim results of Coin98 analysts. From the beginning of the year to February 6, new blockchain addresses increased by 92%, this percentage increase is higher than any of the potential competitors of Ethereum, including the largest altcoin, which added 4% of users.
Vitalik Buterin’s cryptocurrency still holds the lead in the number of wallets, which are about 190 thousand, launched in 2020, NEAR attracted just over 4 million users, but has a high development potential.
The developers of the Near Protocol have already implemented in the network not only the PoS algorithm, but also sharding. Ethereum will switch to PoS consensus at best in the summer, but sharding will only work next year, and then not in full.
NEAR is already in the top 30 ranking of cryptocurrencies, ranking 22nd and became one of the few altcoins that maintained a positive trend in November-December 2021 at the time of the strong fall of most digital currencies. Unfortunately, arbitrageurs used this fact to open a large number of short positions by January 2022, bringing down the NEAR rate by 65%.
It was this “drain” that caused the activation of users, one of the parameters of which is the number of new wallets opened on blockchains. According to CoinTelegraph analysts, the altcoin is still undervalued and may continue to rise in the coming week.
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