NEAR: Confidential Payments Launch Drives Protocol Value

NEAR Protocol activated confidential payments allowing fully private transfers across the ecosystem, as @CryptoMichNL noted in his May 24 post while calling the token heavily undervalued after years of development through the prior bear market.

Strong teams continued building while altcoin narratives faded, and the first deliverables now surface with private ETH transfers that hide sender details from the chain itself. This positions NEAR ahead of standard privacy expectations and fuels ongoing protocol hype.

Price action on the 4h chart shows NEAR at $2.4 inside the Bollinger Bands with upper resistance at $2.58; the neutral RSI reading of 66.26 combined with the MACD death cross suggests a healthy retracement toward the EMA50 support at $2.0 before continuation higher, consistent with prior altcoin momentum episodes that delivered the $8-11 zone.