NEAR - Today's Crypto Rally Led by Near Protocol Theta and Chainlink
The roller-coaster ride that's been the crypto market this year has mostly provided stomach-churning downside for investors through the end of the second quarter. However, in recent weeks, many top cryptocurrencies have started to catch a bid, as investors consider the upside potential of various projects in the event another bull market could be ahead.
Today's rally has been led by Near Protocol (CRYPTO: NEAR) , Theta (CRYPTO: THETA) , and Chainlink (CRYPTO: LINK) , which have appreciated 16.5%, 15.5%, and 5.9%, respectively, over the past 24 hours as of 2 p.m. ET. These moves vastly outpace the broader crypto market, which is up 2.5% over the same time frame.
Near's incredible rise today appears to be tied to reports that the protocol had encountered a breach similar to what Solana saw last week, with user private keys being accessed by attackers. However, Near reportedly took care of this vulnerability before any data was compromised, signaling the developer team behind this project knows what it's doing. That's always good.
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Today's Crypto Rally Led by Near Protocol, Theta, and Chainlink