NEAR Protocol announced on Twitter that they had formed a partnership with Google Cloud. According to the official statement, the cooperation was formed so that network developers who had received grants could more easily create and deploy Web3 projects and decentralized applications (dApps). Now, you ask, how did the market react to this new partnership? Instant […]
, the cooperation was formed so that network developers who had received grants could more easily create and deploy Web3 projects and decentralized applications . Now, you ask, how did the market react to this new partnership?The announcement may have had a favorable effect on price activity, as seen by the daily time frame. According to the chart, NEAR’s price increased by a little over two percent between the opening and closing prices on 5 October.
Consequently, the price action on the daily time frame had appeared seemingly sideways for the past few weeks. The weekly chart revealed that the $3.722 area provided support, but that it was being tested. If this level fails to provide support, a new one might form. The acquired information also revealed that the TVL was over $270 million, down from the over $400 million that was secured in June.
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