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4 months ago

What’s Lifting NEAR Protocol and Cosmos in January?

Benzinga
Benzinga
The NEAR Protocol and Cosmos are both gaining massively in January, even as the rest of the crypto market struggles to find a foothold. The cloud-computing layer-one network NEAR Protocol has performed well despite a “gloomy” market in January that has not been kind to other layer-1 blockchains. Meanwhile, Cosmos is gaining as the buzz around the EVMOS (formerly Ethermint) platform grows, with the platform planning to launch sometime in January. Moreover, NEAR prices are rising after Project Aurora launched, allowing users to use Ethereum to pay for gas, ensuring that users don’t need to buy the platform’s native token to do so. At press time, NEAR was up nearly 10%, trading just over $18, closing in on its 24-hour high on decreasing volume but an increasing market cap. NEAR has gained nearly 70% in the past 30 days, and it has gained over 10% on both Bitcoin and Ethereum since 2022 began. Cosmos was up 10%, trading just under $41 on an increasing market cap and more than a 20% drop in volume.

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