NEAR/ETH Exchange Rate Climbs After Integration

Two weeks ago, I shared a post about NEAR’s integration with the Ethereum ecosystem.

In that post, I noted how a similar integration between Cardano and Bitcoin had led to a significant rise in the ADA/BTC exchange rate. I suggested we watch to see if NEAR/ETH would experience a similar boost.

And it did. Over the past two weeks, the NEAR/ETH exchange rate has climbed by nearly 20%.

Of course, “after” doesn’t always mean “because of.” But this is now the second instance where the market has reassessed the value of a smaller blockchain’s token following its integration with a larger, more prominent ecosystem. Both ADA and NEAR have seen their exchange rates rise after such integrations.

This could be a lesson for other blockchain developers, encouraging them to pursue similar connections with major ecosystems.

Let’s keep watching. In the meantime, you can swap NEAR, ADA, ETH, and BTC in any combination at the best rates on rabbit.io.