SOL and NEAR Reached New Highs While the BTC Price Fell

by in Cryptocurrency News

Near protocol Solana

Native coins of Solana blockchain and NEAR Protocol reached new all-time highs today.

Increasing by around 29% in the last 24 hours, the price of SOL reached $214.96 on CoinMarketCap. The coin now ranks 6th with over $60.2 billion market cap.

Solana is one of the fastest blockchain ecosystems currently as the number of DeFi, NFT, and Web3 projects built on top of it has been growing. NEAR, the native coin of the decentralized application platform Near hit a record high of $11.70. Its price went up by around 96% over the last 7 days.

On September 7, the protocol announced it has updated the protocol roadmap. Earlier, in August the protocol announced a partnership with the team standing behind the development of the programming language Grain.

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NEAR has awarded $50.000 to Grain to support the development of smart contracts on the NEAR blockchain using the Grain language.

Meanwhile, the price of Bitcoin dropped to $46.200. It surpassed $52.000 on September 7 when El Salvador officially recognized the coin as a legal tender. The government planned to give $30 worth of BTC to citizens to promote the use of the coin. However, there appeared technical issues related to the wallet through which the citizens would receive coins. As the government reports that was because of high demand.