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Near Protocol partners with Google Cloud, should you buy it?

on Oct 6, 2022
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  • Google Cloud will provide technical support for NEAR grant recipients.
  • This will ultimately provide the infrastructure for Near’s Web3 startup platform, Pagoda.
  • NEAR’s value increased by 3%, while its trading volume increased by 96% in the last 24 hours.

Near Foundation made an announcement that they have partnered up with Google Cloud. 

The goal of this partnership is for the companies to provide technical support to Near Grant recipients through the process of providing infrastructure for Near’s Remote Procedure Call node provider to Pagoda.

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Near Protocol (NEAR/USD) is essentially a decentralized application (dApp) that focuses on usability between developers and users, where it leverages sharding as a technology for scalability.

It also enables smart contract functionality and utilizes the Proof-of-Stake (PoS) consensus mechanism.

The Google Cloud partnership as a catalyst for growth 

Pagoda launched in February of 2022 as a startup platform that enables Web3 developers that build on top of the Near Protocol access to a full-stack toolset, through which they can build, launch and maintain Web3 projects and dApps.

Based on an announcement published on October 4, the Near Foundation has established a strategic partnership with Google Cloud to enable Near Protocol users access to technical support. 

Any Near grant recipients will receive an infrastructure for Near’s Remote Procedure Call node provider to Pagoda.

This will ultimately drive the development of Near Protocol further and add an additional level of utility for the NEAR cryptocurrency.

Should you buy NEAR Protocol (NEAR)?

On October 6, 2022, NEAR Protocol (NEAR) had a value of $3.66.

NEAR/USD Chart by Tradingview.

The all-time high of the NEAR Protocol (NEAR) was on January 16, 2022, at $20.44.

When we go over the weekly performance, NEAR Protocol (NEAR) saw its low point of value at $3.44, while the high point was at $3.75. Here we can see an increase of $0.31 or 9%.

Regarding 24-hour performance, NEAR Protocol (NEAR) experienced a low value of $3.56, while its high value was $3.76. This indicates an increase of $0.2 or 5%.

This essentially means that at $3.66, NEAR represents a solid buying opportunity for investors as it can climb to $4 by the end of October. 2022, fueled by the partnership with Google Cloud.