On March 2024, NEAR Protocol experienced a significant price dip, despite a robust $6.53 billion market cap, reflecting its pivotal role in DApps adoption through sharding. The Arbitrum token unlock event marked a major market movement with over $2 billion ARB tokens released. BlockDAG stands out as a promising long-term crypto investment, blending DAG with PoW for scalability and security, aiming for substantial growth. The BlockDAG presale has hit $6.2 million in record time signalling its promise.
NEAR’s Price Dips 22.84%
On March 20, 2024, the NEAR Protocol’s price saw volatility, dipping from $6.970073 to $6.034235, a decline of 8.51% in 24 hours, and plunging 22.84% over the week. Despite these swings, shown on the NEAR price chart, its market cap remains robust at $6.53 billion, ranking it 18th.
NEAR stands out for pioneering DApps via sharding, boosting transaction speeds and DApps adoption. The ecosystem thrives, bolstered by a $800 million fund to spur growth in DeFi, NFTs, DAOs, and gaming, highlighting NEAR’s commitment to expanding its technological and community footprint.
Arbitrum’s Big Move in the Ecosystem Arena
On March 16, 2024, the Arbitrum token unlock event released over $2 billion worth of ARB tokens, dramatically impacting the market. This event, involving more than 1.1 billion tokens, or 87% of the circulating supply, primarily benefited the project’s team, advisors, and investors. Opting for a “Cliff Unlock” strategy, Arbitrum chose to release these tokens all at once, marking a pivotal moment for its integration into platforms like Robinhood and highlighting a significant development in its adoption within the crypto ecosystem.
Go to Source to See Full Article
Author: AMBCrypto Team
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
