NEAR Protocol Strengthens MPC Network with $8 Price Target in Sight
NEAR activates 17 mainnet MPC operators while traders eye a potential breakout above $8.
NEAR activates 17 mainnet MPC operators while traders eye a potential breakout above $8. NEAR Protocol (NEAR) is trading at ₹478 ($5.03), down 1.6% since this brief published. This is an original Token Times brief based on reporting by TronWeekly, with live market data added, as of Sat, 17 Oct 2026 01:00:01 UTC.
The expansion of NEAR's MPC network through HSP-007 funding enhances the protocol's decentralization and security, potentially attracting more developers and users to its ecosystem.
- NEAR activates 17 MPC operators under HSP-007 program
- NEAR TVL rises 5.8% to $141.93M in past week
- Analysts predict $7.50-$8.00 as potential breakout target
- NEAR price currently at $5.11, up 4.67% over 7 days
NEAR Protocol has expanded its mainnet MPC network by activating 17 new operators, as part of the ongoing HSP-007 funding program. This move is designed to bolster the network's infrastructure, particularly for Chain Signatures and NEAR Intents, which are critical components for the protocol's scalability and security.
The activation of these operators comes as NEAR's Total Value Locked (TVL) has seen a 5.8% increase over the past week, reaching $141.93 million according to DeFiLlama. This growth in TVL indicates a potential increase in developer and user activity within the NEAR ecosystem.
Market analysts, including Cyriptoman4, are watching NEAR's price action closely, with a particular focus on the $6.00 resistance level. If this resistance is broken, the next target is identified as the $7.50-$8.00 range, which could signal a strong bullish trend for the token.
Currently, NEAR is trading at $5.11, down 2.77% in the last 24 hours but up 4.67% over the past week. The overall crypto market remains relatively flat, with a total market cap of $2.81 trillion and a Fear & Greed index of 63, indicating a 'Greed' sentiment among investors.
The strengthening of NEAR's MPC network and the potential for a price breakout are key developments to watch. If NEAR can sustain its upward momentum and break through the $6.00 resistance, it could attract more investors and developers to the platform, further solidifying its position in the smart contract platform landscape.
Since this brief published about 2 hours ago, NEAR Protocol (NEAR) has moved from ₹486.02$5.11 to ₹478.41$5.03 — -1.57%.
The chart plots NEAR's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 NEAR ≈ ₹520.71 (about $5.03), down 6.0% over 24 hours. The rupee itself trades about 8.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
NEAR Protocol Strengthens MPC Network with $8 Price Target i — questions & answers
What is the significance of activating 17 MPC operators?
It enhances NEAR's decentralization and security, supporting critical infrastructure like Chain Signatures and NEAR Intents.
What is the current NEAR TVL and its weekly change?
NEAR TVL is $141.93M, up 5.8% over the past week.
What price levels are analysts watching for NEAR?
Analysts are watching $6.00 as a resistance level and $7.50-$8.00 as a potential breakout target.
How much is 1 NEAR Protocol worth in rupee today?
About ₹520.71 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $5.03. The rupee price moves with both NEAR's US-dollar price and the USDT/INR rate; use our NEAR Protocol in rupee page for any amount.
Has NEAR Protocol's price moved since this brief was published?
NEAR is down 1.57% since this brief first published — trading at ₹478 ($5.03) now versus ₹486 ($5.11) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.