Alt Coin

New Ethereum Competitor Soars After Announcing $150,000,000 Fundraising Round

The price of Ethereum (ETH) challenger Near (NEAR) is surging after finishing a brand new funding spherical.

From a low of $13.38 on Monday, the altcoin hit a excessive of $19.92 on Thursday following studies that the Near Foundation simply raised $150 million in further investments.

Three Arrows Capital CEO Su Zhu tells his 456,400 followers in regards to the fundraising spherical on Twitter, revealing that the cryptocurrency hedge fund led the non-public token sale.

Other members include crypto-focused funds Mechanism Capital, Dragonfly Capital, Andreessen Horowitz, Jump, Alameda, Zee Prime and Amber Group.

The Near protocol is a proof-of-stake blockchain and decentralized software platform that makes use of sharding know-how. The Ethereum rival is a newcomer within the crypto house, however buyers and analysts alike have bullish outlooks for the crypto asset.

According to Su, macro buyers are holding on to the cryptocurrency at the same time as they exit their different positions amid the market correction. Meanwhile, pseudonymous crypto analyst Cantering Clark says that the altcoin could rise above $20 and even climb to $50.

At time of writing, NEAR is buying and selling at $19.32.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are usually not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses you could incur are your accountability. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please observe that The Daily Hodl participates in affiliate internet marketing.

Featured Image: Shutterstock/zeber/Sensvector

Related posts

Top Ethereum Gaming Altcoin Erupts After $1,700,000,000 Treasury Plans Are Unveiled

Crypto Advisor

This Ethereum Competitor Is Likely To Break Into the Top 5 Crypto Assets by Market Cap, According to Coin Bureau

Crypto Advisor

Three Low-Cap Altcoins Explode Over 52% or More in Just One Day As Bitcoin (BTC) and Ethereum (ETH) Build Strength

Crypto Advisor

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More