{"id":59863,"date":"2022-04-08T20:46:45","date_gmt":"2022-04-08T17:46:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59863"},"modified":"2025-09-05T00:16:48","modified_gmt":"2025-09-04T21:16:48","slug":"near-up-23-in-a-day-amid-rumors-of-stablecoin-launch","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/near-up-23-in-a-day-amid-rumors-of-stablecoin-launch\/","title":{"rendered":"Near up 23% in a day amid rumors of stablecoin launch"},"content":{"rendered":"<p>The Near Protocol token rose by 22.7% in the last 24 hours. NEAR&#8217;s market capitalization surpassed $12 billion.<\/p>\n<p><!--more--><\/p>\n<p>Over the past 7 days NEAR has gained 38.7%, over 30 days \u2014 88.3%. The asset rose to 16th in CoinGecko&#8217;s ranking, ahead of the wrapped Bitcoin WBTC.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"275\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-16-1024x275.png\" alt=\"Near up 23% in a day amid rumors of stablecoin launch\" class=\"wp-image-169858\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-16-1024x275.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-16-300x81.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-16-768x206.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-16.png 1277w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>The token&#8217;s rally accelerated after news of <a href=\"https:\/\/u1f987.com\/en\/news\/near-protocol-raises-350-million-led-by-tiger-global-and-other-investors\">the project raising $350 million<\/a> from a number of investors. In addition, Barry Silbert posted a tweet that NEAR is the third-most valuable asset in the portfolio of the Digital Currency Group, which he leads.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Time for the big reveal\u2026<\/p>\n<p>DCG\u2019s new third largest crypto holding is\u2026 <a href=\"https:\/\/twitter.com\/search?q=%24NEAR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$NEAR<\/a><\/p>\n<p>1) <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a><br \/>2) <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a><br \/>3) <a href=\"https:\/\/twitter.com\/search?q=%24NEAR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$NEAR<\/a><br \/>4) <a href=\"https:\/\/twitter.com\/search?q=%24ZEC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ZEC<\/a><br \/>5) <a href=\"https:\/\/twitter.com\/search?q=%24ZEN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ZEN<\/a> <a href=\"https:\/\/t.co\/PbQ5BoEpC3\">https:\/\/t.co\/PbQ5BoEpC3<\/a><\/p>\n<p>\u2014 Barry Silbert (@BarrySilbert) <a href=\"https:\/\/twitter.com\/BarrySilbert\/status\/1512203884063772675?ref_src=twsrc%5Etfw\">April 7, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Rumors of an <a href=\"https:\/\/u1f987.com\/en\/news\/algorithmic-stablecoins-how-alternatives-to-usdt-and-usdc-are-evolving\">algorithmic stablecoin<\/a> USN might have supported the upside. One user spotted a mention of the token in the Ref Finance protocol interface.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24USN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USN<\/a> might be true after all | An algorithmic stablecoin on the <a href=\"https:\/\/twitter.com\/search?q=%24NEAR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$NEAR<\/a> blockchain<\/p>\n<p>Here is the source: <a href=\"https:\/\/twitter.com\/finance_ref?ref_src=twsrc%5Etfw\">@finance_ref<\/a> testnet<a href=\"https:\/\/t.co\/C6s7M8SsuR\">https:\/\/t.co\/C6s7M8SsuR<\/a> \u2014> Click on stableswap<a href=\"https:\/\/t.co\/we8qZtelN2\">https:\/\/t.co\/we8qZtelN2<\/a> <a href=\"https:\/\/t.co\/OnrtwCnwuD\">pic.twitter.com\/OnrtwCnwuD<\/a><\/p>\n<p>\u2014 ResDegen\u00ae\ufe0f (@resdegen) <a href=\"https:\/\/twitter.com\/resdegen\/status\/1512126024846303232?ref_src=twsrc%5Etfw\">April 7, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The NEAR Blockchain Twitter account published a tweet mentioning USN.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"und\" dir=\"ltr\">U S N \ud83d\udc40<\/p>\n<p>\u2014 NEAR Blockchain (@NEAR_Blockchain) <a href=\"https:\/\/twitter.com\/NEAR_Blockchain\/status\/1512279845279272963?ref_src=twsrc%5Etfw\">April 8, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The founder of Zorax Capital, Zoran Koul, <a href=\"https:\/\/captainkole.substack.com\/p\/the-future-is-near?s=r\">said<\/a> that the USN launch is reportedly set for April 20. He says there will be a farming opportunity for the token with an annual yield of around 20%.<\/p>\n<p>Recall, in January the NEAR Protocol team <a href=\"https:\/\/u1f987.com\/en\/news\/near-protocol-developers-unveil-new-staking-mechanism\">unveiled a new staking mechanism<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Near Protocol project&#8217;s token rose by 22.7% in the last 24 hours. NEAR&#8217;s market capitalization surpassed $12 billion.<\/p>\n","protected":false},"author":1,"featured_media":59864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1216,807],"class_list":["post-59863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-near-cryptocurrency","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=59863"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59863\/revisions"}],"predecessor-version":[{"id":59865,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59863\/revisions\/59865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59864"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}