NEAR Protocol (NEAR) Price Prediction – 2023, 2025, 2030

Near Protocol (NEAR) Overview

Near Protocol (NEAR) Introduction

Since its humble beginnings with a small team in San Francisco, NEAR Protocol has quickly grown to partner with some of the industry’s top giants, performing on an upward trajectory since its inception.

With the announcement of an ambitious program to pull ahead in the crypto game and set the groundwork for Web 3.0, the NEAR network is attracting a great deal of attention.

In this NEAR Protocol (NEAR) review, we’ll evaluate the network’s key features, along with technical analysis and our NEAR future price predictions.

What Is NEAR Protocol (NEAR)?

NEAR Protocol is a Layer 1 public Proof of Stake (PoS) blockchain focused on building user and developer-friendly platforms. The Protocol was founded in 2018 by Alexander Skidanov and Illia Polosukhin, who previously held roles in major businesses like Microsoft and Google. Combining their past experience to its greatest advantage, the pair initially had visions of a machine learning project but found themselves gravitating towards blockchain technology. Soon after, the NEAR Protocol was born.

As a smart-contract capable blockchain, NEAR was designed to host dApps (decentralized applications) and focus on user-friendliness. Competing with other smart contract-enabled blockchains like Ethereum and EOS, NEAR has incorporated several features to heighten usability and user convenience. 

For example, the platform allows users to interact with smart contracts and dApps without needing a wallet and incorporates human-readable account names alongside crypto wallet addresses.

One of NEAR’s most ambitious programs is to create a permissionless, open, decentralized web- a space where no company, person, or government can intervene. NEAR aims to stand apart from other platforms like Meta, which it deems a “biased, closed ecosystem,” and instead create a space where users have the power to control their own data. 

NEAR’s solution is titled the “community cloud,” where users can safely secure and transact assets, identity, and money without requiring permission or external platforms.

NEAR Protocol has its own native token called NEAR, which is used to pay for storage and transaction fees on the platform. NEAR not only validates and finalizes transactions but also secures the network against malware and fraudulent activity by incentivizing validators with NEAR crypto tokens. With the NEAR Protocol expected to blow up further in the future, the token’s value is likely to follow suit.

NEAR Protocol (NEAR) Fundamental Analysis

While NEAR can be compared to existing platforms like Microsoft Azure or Amazon Web Services, it has a unique selling point. With the distributed number of validators, the NEAR network is secured with no single point of failure. 

This prevents hacking, tampering, and data loss and also counters other inefficiencies commonly found in most centrally-controlled cloud platforms. The NEAR Protocol’s primary goal is to empower users to regain control of their assets, data, and governance.

Below, we’ve evaluated some of the key features of the NEAR Protocol.

Scalability

The most remarkable aspect of NEAR’s performance is its speed and scalability. Using its Doomslug block production technique and Nightshade sharding system, the NEAR network can process up to 100,000 transactions per second, double that of competitors like Solana. 

The network also finalizes transactions in less than a second, with an extremely low transaction fee. The combination of Nightshade and Doomslug helps increase throughput, improve efficiency, and reduce the load on the network, resulting in lightning-fast transactions.

Simplistic and Convenient 

With human-readable account names, NEAR Protocol makes the world of crypto simpler and more accessible for everyday users around the globe.

Easy Interoperability 

NEAR’s interoperability is yet another strength. Using what NEAR calls its “Rainbow Bridge,” users can bring tokens from Ethereum and easily build Ethereum projects using the Aurora Ethereum Virtual Machine.

Green and Sustainable 

NEAR Protocol was certified as the world’s very first climate and carbon-neutral blockchain in 2021.

Cost-effective 

NEAR Protocol is incredibly cost-effective, offering users 1000x lower transaction fees and empowering developers to earn 30% of transaction fees.

NEAR Protocol (NEAR) Technical Analysis

Since its launch in August 2020, the NEAR network has received backing from many notable names in the industry, such as the reputable capitalist fund Andreesen Horowitz. It has also partnered with other prominent names, such as BlockChange Ventures, Tiger Global, MetaWeb Ventures, and Einsvill Labs. 

Other organizations like Kurtosis, Flux, Mintbase, and Paras have also successfully used NEAR to build inexpensive, quick, and decentralized open market protocols, alongside the $350 funding round led by Tiger Global leading to significant price appreciation for NEAR crypto holders. If NEAR’s history of close partnerships continues, the coin’s value will likely take off significantly in the future.

NEAR Protocol (NEAR) Current Price

Near Protocol is currently worth $6.98 USD. NEAR has moved -1.01% in the last 24 hours with a trading volume of $441,492,831. Near Protocol is currently ranked 17 amongst all cryptocurrencies with a market capitalization of $7,439,525,888 USD.

Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Near Protocol (NEAR) to decide wether it is going to have a bullish or bearish year.

NEAR Protocol (NEAR) Price Prediction

We formulate our NEAR Protocol price predictions on technical analysis, using real-time NEAR Protocol market data to live update our website with dynamic price predictions. We employ technical indicators such as moving averages, trendlines, MACD, Fibonacci retracement, and RSI to determine our NEAR price predictions.

Have a look at our NEAR Protocol price predictions below.

Our price prediction forecasts use real-time Near Protocol (NEAR) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.

Near Protocol (NEAR) Price Prediction 2023

Near Protocol, according to some, is one of the most amazing cryptocurrencies to rise this year (NEAR). The NEAR price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $10.47.

As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $9.77 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. NEAR is expected to have a minimum value of $8.38.

Near Protocol (NEAR) Price Prediction 2024

In 2024, Near Protocol NEAR price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of NEAR will soon surpass $17.46. However, we should wait to see if the NEAR’s relative strength index comes out of the oversold zone before placing any bullish bets.

Considering the market volatility, NEAR will trade with a minimum trading price of $13.96 and an average trading price of $15.36.

Near Protocol (NEAR) Price Prediction 2025

If the upward trend continues until 2025, it could reach $24.44 and NEAR may profit. If the market experiences a decline, the goal may not be met. NEAR is expected to trade at an average price of $22.34 and a low of $20.95 in 2025.

Near Protocol (NEAR) Price Prediction 2026

If Near Protocol successfully boosts market sentiment among cryptocurrency enthusiasts, the NEAR coin price could remain stable for the next five years.

According to our projections, NEAR will be green in 2026. The NEAR is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $31.42, with a minimum price of $27.93 and an average price of $29.32.

Near Protocol (NEAR) Price Prediction 2027

After some extensive forecasting and technical analysis, we estimate the NEAR price is expected to cross an average price level of $36.31 by 2027, with a minimum price of $34.91 expected before the end of the year. Furthermore, NEAR has a maximum price value of $38.40.

Near Protocol (NEAR) Price Prediction 2028

Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $43.29. If NEAR manages to break the resistant level in 2028, we could see a maximum price of $45.38, failing to gather the support NEAR needs by 2028 could result in a low of $41.89.

Near Protocol (NEAR) Price Prediction 2029

While NEAR is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $48.87 and a yearly price close above $52.37 in 2029.

Near Protocol (NEAR) Price Prediction 2030

By 2030, Near Protocol will finally surpass its previous ATH values and record new price levels. The minimum price could be $55.86 and potentially reach a maximum price value of $59.35, averaging out at $57.25.

Near Protocol (NEAR) Price Prediction 2031

The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum NEAR price in 2031 is projected to be $68.42 in the event of a bull run, with an average price level of $65.63.

Conclusion

With its distinct developer features and razor focus on user-friendliness, the NEAR Protocol has successfully distinguished itself from the crowd. Considering NEAR’s past performance and unique offerings, the token shows immense potential to become one of the best Web 3.0 cryptocurrencies and produce outsized returns. Even with the market volatility in play, the NEAR Protocol has revolutionary potential and is undoubtedly an important token to watch out for in the future.

Premium Near Protocol (NEAR) Price Predictions

Create your account below to receive exclusive access to a wide range of trading tools such as premium Near Protocol price predictions, advanced NEAR buy/sell signals and much more.

FAQ

Latest Predictions