NEAR Protocol token rises 45 percent following confidential trading launch

NEAR Protocol's token rose 45 percent in three days, climbing from $2.34 to $3.45 by September 18. The jump followed two new product launches. First, the platform introduced private futures trading, where users can take leveraged positions up to 40 times their investment across more than 50 markets. Second, it started a rewards programme called "Push to $3.33," which gave out 333,333 tokens. These tokens only become usable if the average price stays above $3.33 for three days. Trading volume more than doubled to around $1.24 billion in 24 hours, and the total market value grew from $3.22 billion to $4.46 billion. NEAR now supports trading across 35 or more blockchains. However, high leverage in futures markets can cause prices to fall sharply.