Near Protocol Price Prediction 2024, 2025, 2030: NEAR Price To Hit New High This Year?

The global crypto market has been generous enough to emerging protocols and its native assets. One such asset 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 and participating in the staking procedures.

The altcoin holds an ROI of 763.09%. 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 2024 – 2030 and the years to come!

Overview

Cryptocurrency	NEAR Protocol
Token	NEAR
Price	$ 7.58406854 8.81%
Market Cap	$ 8,161,722,167.9838
Circulating Supply	1,076,166,721.0000
Trading Volume	$ 583,510,889.8822
All-time High	$20.42 on 17th January 2022
All-time Low	$0.526 on 04th November 2020
24 High	$ 7.5970
24 Low	$ 6.9450

Near Protocol Price Prediction May 2024

The NEAR token continues to trade under a bearish influence despite starting the year with a bullish jump of over 100% in valuation. The Near Protocol price has recorded a correction of 12.09% within the past week and 8.09% over the past 30 days.

Moreover, the Cross EMA 50-day displays a bearish convergence in the price chart, suggesting the price may continue losing value in the coming time.

The Moving Average Convergence Divergence (MACD) displays a rising red histogram, highlighting an increase in the selling pressure in the crypto market. Further, the averages show a bearish convergence in the 1D time frame, indicating a bearish price action for the Near Protocol price in the coming time.

If the market holds the price above the support level of $6.225, the bulls will regain momentum and prepare to test its upper resistance level of $7.685 in the upcoming weeks. Conversely, if the bears overpowered the bulls, the price would lose momentum and fall to test its lower limit of $4.925.

NEAR Price Prediction 2024

If the team behind Near Protocol releases the necessary resolutions to the framework while hosting community-driving initiatives. 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 $14.56.

On the downside, factors like regulatory clampdowns can slump the price to $6.66. Consequently, constrained by the linear trajectory, the regular price might find its base at $10.61. 

Near Protocol Price Prediction 2024 – 2030

NEAR 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 $20.02.

On the other hand, negative criticism and emerging potential rivals could drag the price down to $9.21. Successively, 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 forward 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 range between $34.82 as its low and $45.81 as its high, with an average trading price of $40.31.

Near Protocol Price Prediction 2030

In 2030, Near Protocol is predicted to touch its lowest price at $40.98, hitting a high of $52.86 and an average price of $46.92.

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 April of 2020. The validators voted to unlock token transfers in October 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.

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 Nightshade. The network has been using Doomslug, which provides solutions to scaling problems.

Near Protocol Historical Market Sentiments 2020 – 2023

• 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 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 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, and an uptrend escalated the price to $13.168, by the 26th of October.
• On November 15th, the launch of “Nightshade” sharding led the price to $12.046. The NEAR price concluded the year at $15.793.
• The year 2023 started on a positive note as the NEAR price experienced a jump of over 100% in its value within the first month, following which it traded in a descending channel for six months.
• During August, the price experienced another drop of approximately 40% and traded in a consolidated range for two months.
• Following the market pump in October, Near Protocol price regained momentum and recorded a surge of 123%, after which the price recently experienced a correction of 21%.

CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!

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