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As the 2024 Bitcoin halving is approaching, the crypto market is experiencing a bull run, and Bitcoin has also been back above the $72k mark recently. With so much going on, NEAR Protocol (NEAR), Uniswap (UNI), and Jupiter (JUP) have drawn considerable interest due to recent developments and market shifts. Let’s have a look at these top cryptos that you can watch this week.
#1 NEAR Protocol (NEAR)
NEAR Protocol is a layer-1 blockchain engineered as a community-driven cloud computing platform. It addresses several limitations that have hampered competing blockchains, such as low transaction speeds, low throughput, and interoperability challenges. This fosters an optimal environment for Decentralized Applications (DApps) and establishes a user-friendly platform for developers and users alike. For example, NEAR employs human-readable account names, a departure from the cryptographic wallet addresses commonly found in Ethereum. Additionally, NEAR introduces innovative solutions to scalability issues and boasts its unique consensus mechanism, “Doomslug.”
Developed by the NEAR Collective, a community dedicated to refining the initial code and enhancing the ecosystem, NEAR Protocol endeavors to construct a secure platform to handle high-value assets like money or identity and efficient enough to render them practical for everyday users.
The price of NEAR Protocol (NEAR) on WazirX is INR 627.610 today. According to CoinMarketCap, the 24-hour trading volume is $547,357,659, with a circulating supply of 1,059,857,078 NEAR and a market cap of $7,903,335,888.
NEAR Protocol’s recent surge in price can be attributed to its promising market mood, driven by positive sentiment towards its innovative solutions addressing blockchain issues. With a focus on enhancing transaction speeds and network efficiency through sharding, NEAR Protocol has garnered investor interest and funding support, positioning itself as a formidable player in the decentralized application arena.
#2 Uniswap (UNI)
Uniswap is a well-known decentralized trading protocol that helps automate the trading of Decentralized Finance (DeFi) tokens. UNI, the governance token of the Uniswap platform, also allows users to vote on crucial protocol improvements and is, hence, one of the largest cryptos in market capitalization.
Uniswap, launched in November 2018, was one of the first DeFi services to acquire considerable momentum on Ethereum. Many other Decentralized Exchanges (DEX) have since been launched, but Uniswap has always been the most popular by a notable margin.
The price of Uniswap (UNI) on WazirX is INR 1,027 today. According to CoinMarketCap, the 24-hour trading volume is $126,409,182, with a circulating supply of 598,736,140 UNI and a market cap of $7,016,771,104.
Uniswap’s recent price surge amidst market challenges reflects a cautious optimism among traders, with the UNI token showing resilience against resistance levels. Positioned as a frontrunner in DeFi, Uniswap’s governance features continue to attract investors, leveraging its innovative approach and robust governance model to maintain its status as a leading DeFi platform.
#3 Jupiter (JUP)
Jupiter stands out as the industry’s leading swap aggregation engine, providing crucial liquidity infrastructure for the Solana ecosystem. Additionally, Jupiter is actively broadening its range of DeFi products, encompassing a comprehensive suite comprising Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
The price of Jupiter (JUP) on WazirX is USDT 1.4540 today. According to CoinMarketCap, the 24-hour trading volume is $241,506,624, with a circulating supply of 1,350,000,000 JUP and a market cap of $1,944,431,899.
Jupiter’s recent surge in price can be attributed to rising market sentiment, particularly as the anticipated airdrop draws near. With increasing interest from traders and crypto enthusiasts, there’s a heightened activity surrounding Jupiter tokens, fueled by excitement for the upcoming token giveaway and the platform’s growth prospects.
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
