{"id":639504,"date":"2024-09-03T13:30:12","date_gmt":"2024-09-03T13:30:12","guid":{"rendered":"https:\/\/wncen.com\/?p=639504"},"modified":"2024-09-03T08:53:25","modified_gmt":"2024-09-03T08:53:25","slug":"near-investors-hope-new-projects-will-help-coin-rebound-from-21-loss","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/near-investors-hope-new-projects-will-help-coin-rebound-from-21-loss\/","title":{"rendered":"NEAR Investors Hope New Projects Will Help Coin Rebound From 21% Loss"},"content":{"rendered":"<p><span style=\"font-weight: 400\">While the market has rebounded following a poor start to the month in September, some altcoins are still struggling with the leftover bearishness. NEAR continues with the list of altcoins that keep up their losses even as the majors, including Bitcoin and Ethereum, recover from their respective slumps.<\/span> <span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/near\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, the token fell by 21% since last week despite the market\u2019s 3%uptick today.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/sui-crashes-23-as-september-unleashes-market-panic-is-a-comeback-possible\/\" target=\"_blank\" rel=\"noopener \">SUI Crashes 23% As September Unleashes Market Panic\u2014Is A Comeback Possible?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Although NEAR is underperforming, developments on-chain continue to offset the market\u2019s bearishness. One of the most notable developments on NEAR is Libre Capital <\/span><a href=\"https:\/\/x.com\/NEARProtocol\/status\/50610146\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">offering<\/span><\/a><span style=\"font-weight: 400\"> tokenized real-world assets (RWAs) on chain, bringing institutional interest to the platform\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">RWAs Create Buzz For The Protocol<\/span><\/h2>\n<p><a href=\"https:\/\/x.com\/librecap\" rel=\"nofollow\"><span style=\"font-weight: 400\">Libre Capital<\/span><\/a><span style=\"font-weight: 400\"> is a new crypto asset management firm supported by market giants like Brevan Howard, Hamilton Lane, and Nomura\u2019s Laser Digital. It was founded four months ago and has since experienced huge upward momentum. According to Libre Capital Founder and CEO Avtar Sehra, Libre <\/span><a href=\"https:\/\/x.com\/avtarsehra\/status\/91054388\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">surpassed<\/span><\/a><span style=\"font-weight: 400\"> the $100 million asset under management mark, cementing the firm as one of the fastest-rising crypto asset management companies on the market.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Libre has achieved many milestones since our MVP launch four months ago, surpassing our $100 million aum target and expanding to multiple chains.<\/p>\n<p>Launch on <a href=\"https:\/\/twitter.com\/NEARProtocol?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@NEARProtocol<\/a> marks a crucial step towards our multichain wealth strategy. Learn more here: <a href=\"https:\/\/t.co\/dGCqKENTXu\" rel=\"nofollow\">https:\/\/t.co\/dGCqKENTXu<\/a><\/p>\n<p>\u2014 Avtar Sehra (@avtarsehra) <a href=\"https:\/\/twitter.com\/avtarsehra\/status\/91054388?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 2, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">NEAR and Libre\u2019s partnership will enable NEAR users to access tokenized versions of RWAs. As of writing, users have access to Hamilton Lane\u2019s credit Fund, Brevan Howard\u2019s Master Fund, and Blackrock\u2019s ICS Money Market Fund, bridging the gap between crypto and the traditional finance space.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Sehra, the <\/span><a href=\"https:\/\/x.com\/avtarsehra\/status\/91054388\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">launch<\/span><\/a><span style=\"font-weight: 400\"> of Libre on NEAR is \u201ca crucial step towards our multichain wealth strategy\u201d which hints at future support for more blockchains other than NEAR. But for now, this development might help bring in more institutional investors on the platform.\u00a0<\/span><\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/clqU3jcD\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">NEAR market cap currently at $4.41 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2><span style=\"font-weight: 400\">NEAR On Goldilocks Zone Trading Range<\/span><\/h2>\n<p><span style=\"font-weight: 400\">As of writing, the bears experienced a strong rejection on the $3.8 price floor giving the bulls time to regroup and bounce. NEAR is now trying to stabilize between the $3.8-$4.3 trading range, allowing investors and traders to target $5.2 in the long term.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ripple-unleashes-1-billion-xrp-could-this-trigger-a-price-tsunami\/\" target=\"_blank\" rel=\"noopener \">Ripple Unleashes 1 Billion XRP: Could This Trigger A Price Tsunami?<\/a><\/div>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-639511\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_c3309a.png?resize=564%2C252\" alt=\"\" width=\"564\" height=\"252\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_c3309a.png?w=564 564w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_c3309a.png?w=460 460w\" sizes=\"(max-width: 564px) 100vw, 564px\"><\/p>\n<p><span style=\"font-weight: 400\">NEAR continues to experience a strong bearish momentum in the short term, but the bulls have since gathered enough momentum to cancel out the token\u2019s decline. The problem now is when will NEAR have enough push to break through $4.3 in the medium term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The relative strength index (RSI) suggests that the token might experience a period of low volatility where the bears and the bulls will have an equally strong momentum. But after this, NEAR will have enough push to drive the bears out of the market, breaking through $4.3 in the medium term before settling on the $4.3-$4.7 trading range.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, this price movement is completely dependent on the broader market momentum. If Bitcoin and Ethereum continue to struggle, NEAR will have a lot of ground to retake if the bears succeed in breaking through $3.8.<\/span><\/p>\n<p><em>Featured image from Electromechanical Contractor Philippines, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the market has rebounded following a poor start to the month in September, some altcoins are still struggling with the leftover bearishness. NEAR continues with the list of altcoins that keep up their losses even as the majors, including Bitcoin and Ethereum, recover from their respective slumps. According to CoinGecko, the token fell by 21% since last week despite the market\u2019s 3%uptick today.\u00a0 Related Reading: SUI Crashes 23% As September Unleashes Market Panic\u2014Is A Comeback Possible? Although NEAR is underperforming, developments on-chain continue to offset the market\u2019s bearishness. One of the most notable developments on NEAR is Libre Capital offering tokenized real-world assets (RWAs) on chain, bringing institutional interest to the platform\u00a0 RWAs Create Buzz For The Protocol Libre Capital is a new crypto asset management firm supported by market giants like Brevan Howard, Hamilton Lane, and Nomura\u2019s Laser Digital. It was founded four months ago and has since experienced huge upward momentum. According to Libre Capital Founder and CEO Avtar Sehra, Libre surpassed the $100 million asset under management mark, cementing the firm as one of the fastest-rising crypto asset management companies on the market.\u00a0 Libre has achieved many milestones since our MVP launch four months ago, surpassing our $100 million aum target and expanding to multiple chains. Launch on @NEARProtocol marks a crucial step towards our multichain wealth strategy. Learn more here: https:\/\/t.co\/dGCqKENTXu \u2014 Avtar Sehra (@avtarsehra) September 2, 2024 NEAR and Libre\u2019s partnership will enable NEAR users to access tokenized versions of RWAs. As of writing, users have access to Hamilton Lane\u2019s credit Fund, Brevan Howard\u2019s Master Fund, and Blackrock\u2019s ICS Money Market Fund, bridging the gap between crypto and the traditional finance space.\u00a0 According to Sehra, the launch of Libre on NEAR is \u201ca crucial step towards our multichain wealth strategy\u201d which hints at future support for more blockchains other than NEAR. But for now, this development might help bring in more institutional investors on the platform.\u00a0 NEAR On Goldilocks Zone Trading Range As of writing, the bears experienced a strong rejection on the $3.8 price floor giving the bulls time to regroup and bounce. NEAR is now trying to stabilize between the $3.8-$4.3 trading range, allowing investors and traders to target $5.2 in the long term.\u00a0 Related Reading: Ripple Unleashes 1 Billion XRP: Could This Trigger A Price Tsunami? NEAR continues to experience a strong bearish momentum in the short term, but the bulls have since gathered enough momentum to cancel out the token\u2019s decline. The problem now is when will NEAR have enough push to break through $4.3 in the medium term.\u00a0 The relative strength index (RSI) suggests that the token might experience a period of low volatility where the bears and the bulls will have an equally strong momentum. But after this, NEAR will have enough push to drive the bears out of the market, breaking through $4.3 in the medium term before settling on the $4.3-$4.7 trading range. However, this price movement is completely dependent on the broader market momentum. If Bitcoin and Ethereum continue to struggle, NEAR will have a lot of ground to retake if the bears succeed in breaking through $3.8. Featured image from Electromechanical Contractor Philippines, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":639506,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,85054,86783],"class_list":["post-639504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-near","tag-near-protocol"],"acf":[],"yoast_head":"\n<title>NEAR: Will New Projects Help Coin Rebound From 18% Loss<\/title>\n<meta name=\"description\" content=\"While the market has rebounded following a poor start to the month in September, some altcoins are still struggling with the leftover bearishness. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"NEAR Investors Hope New Projects Will Help Coin Rebound From 21% Loss","url":"http:\/\/wncen.com\/news\/near-investors-hope-new-projects-will-help-coin-rebound-from-21-loss\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/near-investors-hope-new-projects-will-help-coin-rebound-from-21-loss\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_b8c62c.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_b8c62c.jpg?fit=1280%2C853"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","near","near protocol"],"dateCreated":"2024-09-03T13:30:12Z","datePublished":"2024-09-03T13:30:12Z","dateModified":"2024-09-03T13:30:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"NEAR Investors Hope New Projects Will Help Coin Rebound From 21% Loss\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/near-investors-hope-new-projects-will-help-coin-rebound-from-21-loss\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/near-investors-hope-new-projects-will-help-coin-rebound-from-21-loss\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/a_b8c62c.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/a_b8c62c.jpg?fit=1280%2C853\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"near\",\"near protocol\"],\"dateCreated\":\"2024-09-03T13:30:12Z\",\"datePublished\":\"2024-09-03T13:30:12Z\",\"dateModified\":\"2024-09-03T13:30:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_b8c62c.jpg?fit=1280%2C853","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/639504"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=639504"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/639504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/639506"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=639504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=639504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=639504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}