Near Protocol Price Prediction 2023, 2024, 2025: Will NEAR Price Hit $2.0 This Year?

The post Near Protocol Price Prediction 2023, 2024, 2025: Will NEAR Price Hit $2.0 This Year? appeared first on Coinpedia Fintech News

The global crypto market has been generous enough to emerging protocols and its native assets. A number of sprouting protocols have managed to establish their reign in the industry. One such is the Near Protocol, which has been growing in prominence. The network’s traits such as higher transaction speeds, climate neutrality, and lower transaction fees have been adding feathers to its superiority.

NEAR is the native asset of the Near Protocol, which is used for activities like completing transactions on the network. For participating in the staking procedures and governance procedures, amongst others. The altcoin holds an ROI of 246.47%.

Are you considering NEAR for your portfolio, but doubtful of its returns? Look no further, as we decode the possible price prediction of NEAR for 2023 – 2025 and the years to come!

Overview

Cryptocurrency	NEAR Protocol
Token	NEAR
Price	$ 1.84640884 2.87%
Market Cap	$ 1,845,361,397.0521
Circulating Supply	999,432,711.0000
Trading Volume	$ 357,423,019.3888
All-time High	$20.42 on 17th January 2022
All-time Low	$0.526 on 04th November 2020
24 High	$ 1.9510
24 Low	$ 1.6480

NEAR Price Prediction November 2023

Near Protocol has been constantly trading in a rising pattern, indicating a strong bullish influence for the coin in the market. Following the market pump, NEAR price has successfully reclaimed its $1 mark and has managed to break out of its key resistance level at $1.105. The price further gained momentum and broke out of multiple resistance levels. The price was recently rejected at $1.954, following which the price experienced a minor correction.

The Near Protocol token is constantly trading in a rising channel pattern, indicating a strong bullish sentiment in the market for the coin.

The MACD displays a constant green histogram, indicating an ongoing massive buying and selling power. Further, the averages show a rising pattern, suggesting the price to continue gaining value in the coming days.

If a bulls take over bears in terms of scalability, transaction throughputs, decentralization, and lower transaction costs, it could increase transaction volumes. Which could push the altcoin price to $1.954 soon. Further, if the market continues to gain momentum then the price will make a run and test its upper resistance of $2.25 in the coming days.

On the flip side, if the bulls fail to hold the price above the support level of $1.776, the price will lose momentum and fall toward its lower support level of $1.664 soon. Moreover, if the bears continue to dominate the market, the price will further fall and test its support level at $1.526 in the coming days.

Near Protocol Price Prediction 2023

Since February, NEAR has continued to trade in a descending channel displaying a bearish influence. The coin has erased all its gains from the price surge the market had experienced at the start of this year. The bulls are struggling hard to hold the price.

The RSI is struggling to breach its mid-point since the ending of July and has repeatedly failed to cross it, indicating a long bear power in the market.

If the bulls regain the power and manage to break the trend line and push the price above the $1.200 level then a bullish momentum could ignite the price to new highs for the year.

On the flip side, if the bears overpower the bulls, and continue to trade in the bearish trend, the price will then prepare itself to test the crucial support level of $1.00 in the coming month.

With taking the current market sentiments into consideration, The price could range between $1.965 to $2.7044 for the year, with an average of $2.334.

Near Protocol Price Prediction 2023 – 2030

NEAR Crypto Price Prediction 2024

If the team behind Near Protocol release the necessary resolutions to the framework while hosting community-driving initiatives. The phase 3 of sharding is scheduled for 2024, which will dynamically adjust the number of shards based on demand and supply. Further seeking impetus from the optimism built by Bitcoin’s halving event, NEAR’s price could soar to a maximum of $3.964.

On the downside, factors like regulatory clampdowns can slump the price to $2.713. Consequently, constrained by the linear trajectory, the regular price might find its base at $3.238. 

Near Protocol Price Prediction 2025 

Growing environmental concerns and the need for decentralization could be imperative in the price action of NEAR. As it could bring in a spike in adoption and alliances, this could impart impetus to NEAR’s move to $5.706.

On the other hand, negative criticism and emerging potential rivals could drag the price down to $3.627. Successively, the lack of fulfilling initiatives could land the price at $4.666. 

Near Protocol Price Prediction 2026

According to forecast prices and technical analysis, Near Protocol’s price is projected to reach a minimum of $5.261 in 2026. The maximum price could hit $6.892, with an average trading price around $6.017.

Near Protocol Price Prediction 2027

Looking forward to 2027, NEAR’s price is expected to reach a low of $7.010, with a high of $8.919 and an average forecast price of $7.926.

Near Protocol Price Prediction 2028

In 2028, the price of a single Near Protocol is anticipated to reach a minimum of $9.669, with a maximum of $11.561 and an average price of $10.616.

Near Protocol Price Prediction 2029

By 2029, NEAR’s price is predicted to reach a minimum of $14.216, with the potential to hit a maximum of $16.027 and an average of $15.115.

Near Protocol Price Prediction 2030

In 2030, Near Protocol is predicted to touch its lowest price at $19.961, hitting a high of $22.656 and an average price of $21.322.

What Does The Market Say?

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

Fundamental Analysis 

Near Protocol was founded by Alexander Skidanov, and his co-founders Illia Polosukhin and Erik Trautman. Alexander Skidanov is a computer scientist, who had previously worked for Microsoft and went on to join memSQL. Illia Polosukhin had worked as a lead contributor for TensorFlow at Google. Erik Trautman holds experience in Wall Street and is also the founder of Viking Education.

The Near Protocol’s mainnet went live in the April of 2020. The validators voted to unlock token transfers in October of 2020. The network is a community-driven cloud infrastructure, which is used for the deployment and operation of dApps. The protocol offers both a decentralized database and a server-less computation platform. 

NEAR is the ecosystem’s primary native asset. It is used to complete transactions and store data. Alongside participation in the staking procedure and governance procedure. The total supply of NEAR is capped at 1 Billion tokens. While the current circulating supply is at 674,853,202. 

What Is Near Protocol? 

Near Protocol is a decentralized network, which employs the Proof-of-Stake (PoS) consensus mechanism. The network is a climate-neutral, high-speed, and low transaction fee, layer-1 blockchain. Which aims to create an ecosystem, that is scalable and accessible to a broader audience.

The Blockchain.com also intends to solve the limitations such as low transaction speeds, interoperability, and throughput, among others. The Near Protocol works in compliance with Ethereum, Polkadot, Cosmos, and more. Which enables the linear flow of assets and communication between the networks. 

The network employs its sharding tech, which is known as the Nightshade. The network has been using Doomslug, which provides solutions to the scaling problems.

Near Protocol Historical Market Sentiments 2020 – 2022

• The month of August marks the formation of the Near Protocol. When the founders had called for a team to create a scalable, fully sharded, and permission-less blockchain.
• The first known trade value of NEAR was $1.072, which was seen on the 14th of October. On the same day, the wick had brushed levels of $1.884. 
• The spike was short-lived as the asset took a downswing. Which led to the price finding support at $0.538, by the 5th of November. Followed by a leg-up the altcoin closed its annual trade at $1.459.
• The year 2021 was initiated with an uptrend at a starting price of $1.305. The digital asset managed to climb up to its new ATH of $7.572, by the 13th of March. 
• A prolonged downswing took the price took the price to $1.537, by the 19th of July. An inclining ascend took the price to $11.776, by the 9th of September, an uptrend escalated the price to $13.168, by the 26th of October.
• November 15th marked the launch of “Nightshade” sharding when the price was seen at $12.046. That said, the annual trade was closed at $15.793. 

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[Source: Coinpedia]