NEAR Price To Explode 46% On Ready Player DAO Partnership News
• Near Protocol recently partnered with Ready Player DAO to advance blockchain-based gaming on the Near Protocol.
• The partnership includes a number of features geared towards helping and supporting gamers on Near Protocol.
• Following the news, the NEAR price rallied 14%, readying for further gains to $3.70.
About the Partnership
The Near Foundation has entered a partnership with Ready Player DAO, one of the world’s top Web3 gaming ecosystems, to advance blockchain-based gaming on the Near Protocol. According to the announcement, the collaboration is aimed at aligning the visions of both parties to build „a self-sufficient gaming ecosystem of creators, developers, entrepreneurs, AND community members… .“ The Ready Player DAO’s announcement said that the partnership includes a number of features geared towards helping and supporting gamers on Near Protocol. This includes collaborating on building and implementing strategic new initiatives within the NEAR Ecosystem to support gaming on NEAR; enabling access to gaming video content and other critical marketing solutions for NEAR-native games; providing gaming communities with access to Ready Player DAO on NEAR for their favorite NEAR-native games; and providing resources from Ready Player DAO for advising NEAR-native gaming projects on product and go-to-market strategies.
Technical Analysis
Prior to partnering with Ready Player DAO, NEAR price was consolidating inside a bullish triangle while trading above key support areas. The technical setup favored an upside breakout as buyers fixated their eyes at $3.70. With this recent development, it is expected that this could provide tailwinds needed to scale NEAR higher in terms of price action.
Price Action
Following the news about their partnership with Ready Player DOA, Near Protocol surged 14% up reaching a high of $2.84 Wednesday morning This indicates that investors are positive about this move potentially leading further gains up ahead as they target breaking past resistance levels set around $3-$3.20 in order reach its next peak at around $3.70 .
Conclusion
Near Protocol’s recent partnership with Ready Play DOA is expected to fuel an uptrend in its price action as investors look forward in anticipation for further gains heading into 2021. With its current technical analysis also favoring an upside break out soon , things are looking very promising for those investing in near protocol as they can potentially gain more than 46%.