CoinDesk 20 index falls led by NEAR Protocol (NEAR) drop
According to the weekly CoinDesk 20 performance report, the price of NEAR Protocol (NEAR) declined by 3.3% over the past day, which became the main factor behind the overall drop in the index.
In addition to NEAR, the cryptocurrency Hedera (HBAR) also showed a notable decline, losing 2.9% over the same period. Experts associate this decline with a general correction in the cryptocurrency market, caused by expectations of further actions by the US Federal Reserve to combat inflation.
Despite the short-term decline, the prospects for NEAR Protocol remain positive. This blockchain project is actively developing, expanding its ecosystem and attracting new users. In the long term, analysts expect the NEAR rate to resume growth against the backdrop of the overall recovery of the cryptocurrency market.