NEAR Platform Active Users Soar – ‘Sweat Economy’ Boosting Token’s Price?

NEAR, the native token of decentralized application (dApp) platform and Ethereum competitor Near Protocol, managed to pump its price over the last 24 hours. According to tracking from Coingecko, at the time of writing, the crypto is trading at $2.98 and was up by 1.2% on its intraday price. The altcoin, however, is still reeling from significant losses as it is still down by 15.4% over the past week and is -14.6% for the past 14 days. On a month-to-date scale, the coin is down by nearly 30%. But as bleak as the situation may be for the altcoin, hope is not lost as Near Protocol’s recent developments and activities could help the asset mount a bounce back rally. Related Reading: Elrond (EGLD) Price May Break Past $56 Hurdle – Here’s How Near Protocol Active Users Increase Renowned crypto analytics firm Messari shared on Twitter that the protocol outperformed many of its competitors with the help of the “Sweat Economy.” Sweat Economy, much like the STEPN, is a move-to-earn fitness application which enable users to earn tokens just by moving their body. The platform of native token NEAR also recorded a massive surge in terms of active users, indicating growing interest for the dApp and maybe its governance crypto. 🎉Sweat Wallet: 3.5 million active users in the first month💧 An incredible user base. Thank you to everyone for your support! We’ll keep developing new utility and features to inspire you to move 😀🚶...