Story Highlights
The live price of Near Protocol is 7.8086. Near Protocol is predicted to reach a high of $14.56 this year. NEAR price with a potential rise could reach a high of $52.86 by the end of 2030.
TThe global crypto market has been generous enough towards emerging protocols and its native assets. One such asset is the Near Protocol, which has become increasingly popular. The network’s features such as higher transaction speed, climate neutrality and lower transaction fees added feathers to its superiority.
NEAR is the native asset of the Near protocol, which is used for activities such as completing transactions on the network and participating in the strike procedures.
The altcoin has an ROI of 763.09%. Are you considering NEAR for your portfolio, but have doubts about its returns? Look no further as we decode the possible price prediction of NEAR for 2024 – 2030 and the years to come!
Overview
-1.41% Near Protocol Price Forecast June 2024
The NEAR price recorded a strong bullish price action by registering a jump of 7.45% within the last two days. Furthermore, it has a year-to-date return of over 108%, highlighting increased price action for the Near Protocol token in the crypto space.
Additionally, the Simple Moving Average (SMA) is showing a bullish convergence in the 1D timeframe, suggesting a positive outlook for the altcoin in the coming time.
The technical indicator, MACD, shows a constant decline in the red histogram, indicating an increase in the buy-over-sell pressure in the crypto space. Furthermore, the averages show a high possibility of a bullish convergence, which suggests that the price will continue to gain value in the coming time.
If the market holds the price above the $7.865 support level, the bulls will regain momentum and prepare to test its upper resistance level of $9.00 in the coming weeks. Conversely, if the bears overwhelm the bulls, the price would lose momentum and drop to test its lower limit of $6,225.
NEAR Price Prediction 2024
If the team behind Near Protocol releases the necessary resolutions to the framework while hosting community drive initiatives. Phase 3 of fracking is scheduled for 2024, which will dynamically adjust the number of shards based on supply and demand. Looking for further impetus from the optimism built by Bitcoin’s halving event, NEAR’s price could rise to a high of $14.56.
On the downside, factors such as regulatory restrictions could push the price down to $6.66. Hence, limited by the linear trajectory, the regular price can find its base at $10.61.
Near Protocol Price Forecast 2024 – 2030
NEAR Price Prediction 2025
Increasing environmental concerns and the need for decentralization may be essential in the price action of NEAR. As this could bring an increase in adoption and alliances, it could give impetus to NEAR’s move to $20.02.
On the other hand, negative criticism and emerging potential competitors could push the price down to $9.21. Consecutively, the lack of fulfilling initiatives could land the price at $14.61.
NEAR Crypto Price Prediction 2026
According to our analysts, Near Protocol’s price projection, the price could range between $13.96 and $26.65, with an average trading price of around $20.30.
Near Protocol (NEAR) Price Prediction 2027
Looking ahead to 2027, NEAR’s price could range between $18.65 and $32.29, and an average forecast price of $25.47.
Near Protocol Crypto Price Prediction 2028
In 2028, the price of a single Near Protocol could range between $25.97 and $39.26, with an average price of $32.61.
NEAR Price Prediction 2029
By the end of 2029, NEAR’s price could fluctuate between $34.82 its lowest and $45.81 its highest, with an average trading price of $40.31.
Near Protocol Price Forecast 2030
In 2030, Near Protocol is predicted to reach its lowest price at $40.98, with a high of $52.86 and an average price of $46.92.
What does the market say?
*We 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 previously worked for Microsoft and joined memSQL. Illia Polosukhin worked as a lead contributor for TensorFlow at Google. Erik Trautman has experience in Wall Street and is also the founder of Viking Education.
The Near Protocol’s mainnet went live in April 2020. The validators voted in October 2020 to unlock token transfers. The network is a community-driven cloud infrastructure used for deploying and operating dApps. The protocol provides both a decentralized database and a serverless computing platform.
NEAR is the ecosystem’s primary indigenous asset. It is used to complete transactions and store data. Along with participating in the strike procedure and management procedure. The total supply of NEAR is limited to 1 billion tokens. While the current circulating supply is at 674,853,202.
What is Near Protocol?
Near Protocol is a decentralized network that uses 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, which is scalable and accessible to a wider audience.
Blockchain.com also intends to solve the limitations such as low transaction speed, interoperability and throughput, among others. The Near Protocol works in harmony with Ethereum, Polkadot, Cosmos, and more. Which enables the linear flow of assets and communication between the networks.
The network uses its sharding technology, which is known as Nightshade. The network uses Doomslug, which provides solutions for scaling problems.
Near Protocol Historical Market Sentiments 2020 – 2023
The month of August marks the formation of the Near Protocol. When the founders asked a team to create a scalable, fully sharded and permissionless blockchain. The first known trade value of NEAR of $1,072 and the altcoin closed its annual trade at $1,459. Near Protocol started the year 2021 with a price of $1,305. The digital asset managed to climb to its new ATH of $7,572 by March 13. A prolonged downtrend took the price to $1,537 by July 19. A sideways rise took the price to $11,776 by September 9, and an uptrend took the price to $13,168 by October 26. On November 15, the introduction of “Nightshade” sharding drove the price to $12,046. The NEAR price ended the year at $15,793. The year 2023 started on a positive note as the NEAR price experienced a jump of more than 100% in its value within the first month, after which it traded in a descending channel for six months. During August, the price experienced another decline of around 40% and traded in a consolidated range for two months. After the market pump in October, Near Protocol price regained momentum and recorded a 123% increase, after which the price recently experienced a 21% correction.
CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and summarize it all in one place, just for you!
Frequently Asked Questions
The protocol promotes the network of computers that use a platform for developers to create and launch dApps.
The price of NEAR may rise to $14.56 by the end of 2024.
The high (ATH) of the digital asset is $20.42.
The digital asset could rise to its maximum trading value of $20.02 by the end of the next five years. With a potential rally, the Near price could reach the $52.86 mark by 2030.
At the time of writing, the price of 1 NEAR was $7,562.
NEAR BINANCE
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
UnCirculars – Cutting through the noise, delivering unbiased crypto news
