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Near Protocol eyes a Terra-like price rally after new $350M funding raise

Published 04/08/2022, 08:06 AM
Updated 04/08/2022, 09:40 AM
Near Protocol eyes a Terra-like price rally after new $350M funding raise

Near Protocol (NEAR) has rallied by almost 30% after announcing on April 6 that it had raised $350 million in a funding round led by Tiger Global, a New York-based hedge fund.

NEAR's price reached over $19.75, just about 2.5% below its all-time high. However, many analysts agreed with the potential for the NEAR/USD pair to reclaim its best level to date, and even rise above it in the coming weeks.

NEAR/USD daily price chart. Source: TradingView
NEAR/USD daily price chart. Source: TradingView

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