Why Was a Cryptocurrency Called "NEAR Protocol" Skyrocketing Today?
The price of NEAR Protocol (CRYPTO: NEAR) was skyrocketing on Wednesday, up a whopping 28% over the previous 24 hours, according to CoinMarketCap. Pushing the price higher was higher demand from investors as evidenced by its heavy trading volume. As of this writing, trading volume was up more than 125% from this time yesterday.
It's not clear what exactly catalyzed the higher trading volume of NEAR today. But here's one possibility: MoonPay has a cryptocurrency trading app with around five million users. Today, MoonPay announced that it was allowing its users to buy NEAR tokens worldwide.
Image source: Getty Images.
Source Fool.com
