NEAR (NEAR Protocol) as Large-cap Coin is 46th in the 2100NEWS ranking. The quality of the order book of NEAR is Ordinary. The average quality of the order book for large caps members of the NWSL100 index is 17.6. What is the valid value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.
NEAR has been launched in 16 exchanges.
NEAR Protocol as Large-cap Coin is 46th in 2100NEWS ranking (after Index Review of 12th February 2021). It is an Index member: NWST1100, NWSL100, NWSCo100.
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 17.3, (Average for Large caps: 17.6)
Over the past week, the average market cap was $1,112 million; the average daily volume was $92.1 million.
In this section, we will examine how the market, with price changes, evaluates project progress. It seems essential to us if the project is outside of the expected tide of crypto project prices. We gauged the NEAR (NEAR Protocol) with 2100NEWS DA Coin Index (NWSCo100) to make an appropriate peer comparison. On average (violet area chart), the relationship between NEAR to NWSCo100 has shown that it was more potent over the last three months. It has beaten NWSCo100 by 47.8%. Let’s compare the NEAR green area graph with the orange index area graph while observing the correlation graph. The correlation graph explains that the correlation is strong (Pearson’s correlation coefficient = 0.96). However, 95% of the time, it was moving in the same direction as the NWSCo100. So, it has been a good representative of the NWSCo100 index in terms of price changes.
*The chart below shows the NEAR compared to NWSCo100 at the top, the box in the middle of the chart shows the original NEAR price, and at the bottom of the chart, we see NWSCo100 and the correlation between NEAR and NWSCo100.
NEAR is being built by a global group of people and organizations who are collaboratively building this project. They develop what the community wants. Therefore, we also probably cannot find their plan for the future. Community orientation is seen through intensive communication with the community and on their website, as the site is user-oriented, user-friendly instructions for developers and complete beginners. They have 39.7 K followers on Twitter.
About NEAR Protocol – what they do
NEAR is a decentralized application platform with the potential to change how systems are designed, how applications are built, and how the web itself works.
It is a complex technology with a simple goal — it allows developers and entrepreneurs to easily and sustainably build applications that secure high-value assets like money and identity while making them performant and usable enough for consumers to access.
To do this, NEAR is built from the ground up to deliver intuitive experiences for end-users, scale capacity across millions of devices, and provide developers with new and sustainable business models for their applications. In doing so, NEAR is creating the only community-run cloud strong enough to extend Open Finance’s reach and power the future of the Open Web.
The key elements of NEAR’s technology are:
- Sharding: The system is designed to scale horizontally and near-infinitely by distributing computation across multiple parallelized shards.
- Consensus: Consensus is achieved across all of the nodes which make up the network operators across all of the shards using the new Nightshade algorithm.
- Staking Selection and Game Theory: To participate in the validation process, stakers are selected using a secure randomized process that optimally distributes seats across parties and provides incentives for them to operate with good behavior.
Randomness: NEAR’s randomness approach is unbiasable, unpredictable, and can tolerate up to 1/3 of malicious actors before liveness is affected and 2/3 of malicious actors before anyone can actually influence its output.
NEAR Collective is a globally distributed group of teams, made up of many individual organizations and contributors, who self-organize to bring this technology to life.
Exchanges: AOFEX, Bilaxy, Binance, BiONE, Bitkub, BitZ, CoinEx, CoinTiger, Crypto.com Exchange, Gate.io, HitBTC, Huobi Global, MXC.COM, OKEx, WazirX, ZBG.
You can follow them: GitHub YouTube Twitter
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The Crypto Highlights are considered the opinion of 2100NEWS, and the material is for informational purposes only, and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security, nor is it construed as investment advice. At the time of this article’s writing, the author did not hold any tokens NEAR.