NEAR Protocol surged 198% in Q3 2024, significantly outperforming Bitcoin (+43%) and Ethereum (+71%). Bitwise CIO Matt Hougan highlighted NEAR as one of the few small caps worth watching, citing NEAR Intents which reached a record monthly volume of $4.80 billion in September, up from under $500 million a year earlier. The token subsequently lost nearly 16% from its October 8 opening price of $5.34, dropping as low as $4.30 during the session. Despite this pullback, NEAR remains up 3x from its August low near $1.60.
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