Monat: November 2025

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NEAR surges 24% as bulls break key resistance

  • NEAR price rose more than 20% to highs of $2.34.
  • The uptick comes amid gains for several altcoins despite ongoing crypto market weakness.
  • Bulls reclaiming the $2 mark could allow them to target $4.6 for a fresh 100% rally.

NEAR Protocol’s native token has skyrocketed 24% in the past 24 hours, shattering a persistent resistance barrier and reigniting investor enthusiasm amid broader cryptocurrency volatility.

NEAR currently trades at $2.27, slightly off the intraday high of $2.34 that marked its highest level since mid-October.

Gains signal a potential shift in sentiment as multiple tokens eye bounce, including Tezos (XTZ).

NEAR price today

NEAR’s bullish performance has seen the token climb from lows of $1.83 to fresh highs of $2.34 in the past three days.

Although the price is slightly off the intraday peak, market data shows aggressive buying.

Per CoinMarketCap data, the token’s daily trading volume increased by over 300% to $753 million.

It’s a significant show of conviction from bulls and the main metric behind the NEAR price breakout.

Ostensibly, the move saw bulls decisively clear the $2.00 psychological resistance, allowing them to target fresh momentum.

This outlook could gain additional tailwinds from parallel developments in the privacy sector.

In particular, this is a market where Zcash (ZEC) has exploded nearly 700% in the past month, drawing renewed attention to shielded transactions and anonymous DeFi.

Zcash’s resurgence is closely tied to NEAR’s innovative Intents protocol, a cross-chain coordination layer that simplifies complex swaps while preserving user privacy.

Zcash’s official Zashi wallet has deepened its integration with NEAR Intents, enabling seamless on-ramps and off-ramps for shielded ZEC conversions from assets like BTC, SOL, and USDC.

For NEAR, the linkage amplifies its appeal as the “blockchain for AI,” where Intents not only streamlines interoperability but also embeds privacy-by-design features.

As Zcash’s shielded pool nears 30% of its supply, NEAR benefits from the spillover, with ecosystem projects like OceanPal committing $120 million to treasury-backed intents.

Is NEAR price poised for a 100% bounce?

The technical outlook for NEAR paints a decidedly bullish picture, with key indicators aligning for a possible 100% bounce from current levels toward $4.60.

The Relative Strength Index (RSI) on the daily chart has surged to 51, hitting neutral territory after dipping into oversold readings of 28 on Nov. 4.

Meanwhile, the Moving Average Convergence Divergence (MACD) histogram has flipped positive, with the line crossing above the signal.

This suggests a potential bullish divergence, similar to what preceded NEAR’s June-July rally from $1.97 to $3.12.

Trading volume, already elevated, shows sustained spikes, averaging the breakout above $2.00 as genuine rather than a fleeting pump.

A sustained hold above $2.30 could trigger a breakout.

NEAR Chart
NEAR price chart by TradingView

However, downside risks remain as the price hovers near $2.00.

If the confluence of current support fails, bears could push the token’s value well below the psychological mark.

Nonetheless, as Zcash’s boom reflects demand for secure, intent-based DeFi, NEAR stands to benefit from traction.

The post NEAR surges 24% as bulls break key resistance appeared first on CoinJournal.

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Tezos price surges 20% to one-month high on Etherlink and RWA momentum

  • Tezos price jumped 20% to $0.69 and could edge higher amid an altcoin bounce.
  • XTZ bulls could target gains to above $1 amid traction for the Layer 2 platform Etherlink.
  • The Tezos price traded above the $1 mark in July 2025.

Tezos (XTZ) is among the standout performers in the top 100 cryptocurrencies by market cap today, with the token’s price seeing an impressive 20% price surge in 24 hours.

Gains have allowed XTZ bulls to hit highs of $0.69 on November 7, 2025, the highest level in over a month.

While the overall uptick in medium cap altcoins points to Tezos’ price gains, the blockchain platform has notable momentum down to key events within its ecosystem.

Its Layer 2 solution, Etherlink, which continues to drive ecosystem expansion and real-world asset (RWA) integration, boasts yet another milestone.

Gains for XTZ have also come after crypto exchange MEXC added deposits and withdrawals on Etherlink.

Tezos touches multi-week high with 20% spike

Tezos’ XTZ climbed more than 20% to reach a multi-week high of $0.69 during early trading sessions on November 7, 2025.

Key move outlines bullish potential as buyers build from recent consolidation, where XTZ had traded in a narrow range between $0.56 and $0.62 since mid-October.

Notably, bears had taken control as cryptocurrencies began Nov on a losing streak.

XTZ dropped to lows of $0.50, but the price rebounded and retested the $0.60 area before climbing further.

As for what’s next for Tezos, technical indicators reveal a bullish short-term picture.

A crossover in the Moving Average Convergence Divergence (MACD), with the histogram flipping positive, gives buyers the upper hand.

Meanwhile, the Relative Strength Index (RSI) has climbed to 60, but is not extended into the overbought territory above the 70 threshold. There’s also a possible falling wedge pattern breakout.

Tezos Price Chart
Tezos XTZ chart by TradingView

If bulls hold onto gains and benefit from an overall market flip upwards, XTZ could eye a retest of July 2025 highs of $1.07.  Above this, buyers may target $1.50.

XTZ gains as Etherlink powers tokenized Uranium trading

Amid Tezos’ latest momentum is bullish adoption news related to Etherlink, its EVM-compatible Layer 2 network.

Etherlink’s traction in the decentralized finance (DeFi) and real-world assets RWA market has reached a new milestone.

The L2 has seen its Total Value Locked (TVL) surge amid strategic integrations, including with Curve Finance for stablecoin liquidity and Lombard’s LBTC Bitcoin liquid staking token.

On November 6, Etherlink gained further traction in the burgeoning tokenized uranium sector.

Uranium.io, a decentralized application powered by Tezos, UK-regulated custodian Archax and uranium trader Curzon, has unveiled the first tokenized physical Uranium asset.

Users across DeFi can now tap into the asset as collateral for loans.

The impact on XTZ could include institutional interest in the Tezos ecosystem amid DeFi and RWA adoption.

The post Tezos price surges 20% to one-month high on Etherlink and RWA momentum appeared first on CoinJournal.

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Wash trading accounts for a quarter of Polymarket’s activity, Columbia study reveals

  • About 14% of wallets showed behaviour consistent with coordinated wash trading.
  • Artificial trading peaked at 60% in December 2023 and dropped to 5% by May.
  • ICE plans to invest up to $2 billion as Polymarket prepares for a regulated US return.

A new study by Columbia University researchers has found that nearly a quarter of all trading on Polymarket, one of the world’s leading decentralised prediction platforms, has been artificially inflated by wash trading over the past three years.

Using blockchain analytics, the researchers traced millions of transactions on the Polygon network and found widespread patterns of self-dealing that misrepresented market depth and liquidity.

The findings challenge the perceived transparency of blockchain-based prediction markets and raise deeper questions about how decentralised finance can preserve integrity while operating without traditional oversight mechanisms.

Algorithmic analysis exposes trading manipulation

The research team analysed millions of wallet transactions recorded on the Polygon blockchain, where all Polymarket activity is publicly verifiable.

By designing algorithms to detect repetitive and circular trading patterns, they identified that 14% of the platform’s 1.26 million wallets exhibited behaviour consistent with wash trading.

These accounts repeatedly transacted with each other but rarely interacted with the wider market, indicating self-dealing activity rather than genuine speculation.

According to the study, wash trading accounted for an average of 25% of total Polymarket transactions since 2021.

The frequency of this artificial activity fluctuated over time, peaking at 60% in December 2023 before declining to around 5% in May, only to climb again to roughly 20% by October.

The findings illustrate how easily decentralised markets can be manipulated when transaction costs are negligible and identities pseudonymous.

The authors, including Columbia Business School professors Yash Kanoria and Hongyao Ma, economist Rajiv Sethi of Barnard College, and doctoral student Allen Sirolly, emphasised that their estimates are not definitive.

However, the data suggests a consistent pattern that raises questions about how on-chain markets represent real sentiment and liquidity.

Token speculation may have fuelled artificial activity

While the study did not allege direct involvement by Polymarket itself, it identified structural features that make wash trading possible.

The exchange charges no transaction fees, supports self-custodied crypto wallets, and enables stablecoin settlements, allowing traders to operate multiple pseudonymous accounts without meaningful cost.

The researchers also linked several spikes in artificial volume to rumours of a potential Polymarket token launch.

In decentralised finance, such speculation can drive traders to inflate their activity in hopes of qualifying for “airdrop” rewards when a new token is released.

In early October, Polymarket founder Shayne Coplan posted on social media hinting at a possible token, coinciding with one of the sharp rises in wash trading.

Sirolly noted that authentic trading volumes tended to surge around real-world developments like election polls or sports results, whereas wash trading peaks aligned more closely with token-related rumours.

This suggests that some users were trading not for market insight but for eligibility in prospective reward distributions.

Regulatory context and industry competition

Polymarket, founded in 2020, has become one of the most active blockchain-based prediction platforms, allowing users to bet on political, financial, and cultural outcomes.

Its closest competitor, Kalshi Inc., operates under US regulation but does not run on a blockchain, limiting external scrutiny of its data.

The report’s timing is significant. In 2022, Polymarket reached a $1.4 million settlement with the Commodity Futures Trading Commission (CFTC) for operating an unregistered exchange and subsequently barred US users.

Despite regulatory pressure, Polymarket remains attractive to institutional investors.

Intercontinental Exchange Inc., owner of the New York Stock Exchange, recently signalled plans to invest up to $2 billion in the company, underscoring the mainstream financial world’s growing interest in blockchain prediction markets.

The post Wash trading accounts for a quarter of Polymarket’s activity, Columbia study reveals appeared first on CoinJournal.