NEW YORK – The cryptocurrency market experienced a surge as Bitcoin, and Near Protocol posted significant gains today. The value of Bitcoin increased 4.42% in the past 24 hours, while investors showed a clear preference for altcoins such as Solana and Near Protocol, which increased 12.4% and 15.8% respectively.
The positive trend in the cryptocurrency market is partly due to ongoing discussions involving Blackrock, Nasdaq and the US Securities and Exchange Commission (SEC) regarding the possibility of launching an exchange-traded fund Bitcoin exchange (ETF). The prospect of a Bitcoin ETF has historically been seen as a positive development for the cryptocurrency industry, as it would provide a regulated means for traditional investors to gain exposure to Bitcoin .
Solana’s impressive performance is linked to its cost-effectiveness benefits, which have recently allowed it to surpass Ethereum in decentralized transaction volume. This milestone reflects Solana’s growing appeal among users looking for lower transaction fees and faster processing times than its more established counterpart.
Near Protocol’s remarkable growth is credited to its expanding developer community. The platform has attracted developers with its user-friendly features and scalable infrastructure, which are important factors in fostering a positive ecosystem around the technology. blockchain.
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