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NEAR is up 20% and climbs to 19th after an impressive March

After a month of fruitful cooperation and development, NEAR has grown by nearly 21% in the last 24 hours. Despite the low weekend trading volume, investors are reacting positively to the total monthly capitalization.

March results

One of Near Protocol’s biggest partnerships last month was the SaliGP on DAO partnership for sports teams. The protocol announced a multi-year partnership with SaliGP, which is one of the fastest growing sporting events. Now they will build the ream on top of the protocol.

NEAR's March results
March results/ Source: TradingView

The SaliGP DAO is expected to focus on community engagement, which will bring sports fans and crypto enthusiasts closer together.

Following the partnership with SailGP, NEAR announced a partnership with the Orange DAO, created by the Y Combinator team supporting Web3 development. The team has chosen the protocol as the preferred Layer 1 blockchain, and protocol will invest $15 million in the DAO.

The funds provided will help Web3 companies and developers create new solutions and applications on the NEAR blockchain.

According to the TradingView chart, the protocol remains one of the strongest positions in the crypto market as it is up almost 100% from its value since the end of February. In March, NEAR only grew, with almost no correction or consolidation period.

Aside from the impressive short- and medium-term results, the protocol has avoided the 4-month correction that has been observed across most assets in the crypto market. For example, Ethereum has lost almost 30% since peaking in November.

Alternative chains, such as Cardano and Solana, have been unable to avoid a sharp correction in the market since November, resulting in a 60% drop in the past 200 days.