Moreover, the NEAR Protocol price is up 18.4% for the month.
According to CoinGecko data, NEAR Protocol has emerged as the leading Zero Knowledge (ZK) coin by market capitalization, currently valued at $6.9 billion.
In second place is Polygon (MATIC), which saw a price increase of 9.4% for the week.
Immutable (IMX) occupies the third position, with its price rising significantly by 24.6% over the last 7 days.
Zero Knowledge coins ranking by market capitalization. Source: CoinGecko
Other Zero Knowledge Coins are Growing
Ronin (RON) has also garnered attention, with its price up by 22% over the week. The coin is ranked 4th in market capitalization at $782.1 million.
Ronin is a popular blockchain for Web3 games, and RON is also classified as a gaming coin. One of the popular games on this blockchain is called Pixels, which we previously discussed how to start playing.
According to Token Terminal, Ronin was one of the leaders in growth for active users over the week, showing an increase of 39.7%. This surpassed TON, which had an increase of 34.7%.
Additionally, Immutable mentioned earlier, showed a weekly growth in active users by 28.05%.
Blockchain ranking by active users growth weekly. Source: Token Terminal
Zcash is One of the Growth Leaders Among ZK Coins
While the NEAR Protocol price showed significant growth over the week, it was outpaced by Zcash (ZEC) among the top 15 ZK coins by market capitalization.
The price of ZEC increased by 35.1% during the week and 41.4% over the month. In comparison, NEAR Protocol’s price increased by 33% over the week and 18.4% over the same period.
Zcash is among the top 15 ZK coins in terms of market capitalization. Source: CoinGecko
What’s Going to Happen to NEAR Protocol Price?
On Jun. 17, Grayscale announced the Decentralized AI Fund, which includes crypto assets such as NEAR Protocol, Filecoin (FIL), Render (RNDR), Livepeer (LPT), and Bittensor (TAO). NEAR is the largest asset in the fund, accounting for 32.99% of the total. Filecoin is in second place with 30.59%.
The ratio of crypto assets in Grayscale Decentralized AI Found. Source: official website
Currently, the price of NEAR Protocol is trading around $6.15. Crypto trader Bluntz believes the coin is close to rising to $10.
i think $near is heading for an ath run to $10 here, defo one of my fav non meme picks atm https://t.co/ov3OhglWXs pic.twitter.com/0KBg2qKreG
— Bluntz (@Bluntz_Capital) July 15, 2024
