NEAR Hits All-Time High as Upstart Blockchains Win With 'FOAN Trade'

NEAR Hits All-Time High as Upstart Blockchains Win With 'FOAN Trade'
Near Protocol’s NEAR token reached an all-time high Wednesday on signs the up-and-coming blockchain might be undervalued as it attracts more activity. The token has risen in the current bear market for cryptocurrencies like bitcoin, bucking the trend to increase in price over 18% in the last seven days and doubling over the past month. As of press time the NEAR price was $18.70.Near Protocol is a layer 1 blockchain that aims to overcome some of the limitations of its competitors such as slow transaction rates, limited throughput and poor cross-compatibility.Why is the NEAR price going up?There are a few…