NEAR drops to 16-month low to start the week.
Overall, cryptocurrencies started the week trading lower, following increased speculation on a prolonged market crash. Algorand was another notable token to fall, dropping by over 11% today.Near protocol dropped to its lowest level in over one year, as the token extended recent declines.This drop in price has seen NEAR move to its weakest point since July 20 last year, and it has since settled on its floor of $1.50.
In order for NEAR to move further away from the $1.50 point, we will likely need to see the index climb closer to a reading of 25.00.Algorand was another notable mover to start the week, with prices dropping by over 11% in today’s session.
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