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Near Protocol posts 28% gain as broader market declines, but faces headwinds
- Near Protocol (NEAR-USD) gained 28.33% over the 30 days ending June 11, rising from $1.60787109 to $2.06331013.
- During the same period, Bitcoin (BTC-USD) fell 21.01% and Ethereum (ETH-USD) dropped 26.51%, creating a significant performance gap.
- NEAR's outperformance follows protocol upgrades announced in May but was tempered by a high-profile investor exit in early June.
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Conclusion
NEAR-USD rose from $1.60787109 on May 12 to $2.06331013 on June 11 (+28.33%). In the same period, BTC-USD fell from $80,474.94 to $63,567.49 (-21.01%) and ETH-USD dropped from $2,274.39 to $1,671.48 (-26.51%). The period included positive catalysts (protocol upgrade announcements in May) and a negative catalyst (a major investor's exit in early June).