Near Protocol (NEAR) is a blockchain platform for dApps that was designed to be fast, scalable, and user-friendly. It uses Nightshade which is a sharding technique that splits the blockchain into chunks to achieve high throughput and low fees.
Furthermore, it also has human-readable addresses, modular components, and a community-run cloud computing platform. It is developed by the Near Collective which is a group of contributors who want to make blockchain useful for everyday people.
Near Protocol crypto price currently trades at $2.26 with an Intraday drop of 4.6%. The price drop might be due to the profit booking after a short-term bullish rally.
Moreover, the trend analysis showcases a strong bullish outlook over the charts. The price-performance shows that the NEAR crypto stands at a weekly gain of over 26% and a gain of 43.22% in the past month.
The bulls are dominating in the short term and pushing the price to conquer higher levels. The recent price surge has turned the trend optimistic in both the short term as well as the long term.
The technical indicators imply a bullish outlook above the key EMAs of 50-day and 200-day EMA. The RSI indicator shows the price has entered an overbought zone indicating a short-term correction before resuming further.
Near Protocol Price Prediction 2023
The volume analysis elaborates that it has a 24-hour trading volume of $193.685 Million with a drop of 25.54% as compared to the last day. The live market cap of Near Protocol is $2.26 Billion and it ranks 31st among the top cryptos. The volume-to-market cap ratio is 8.66% indicating mild volatility in the market.
According to the optimistic view of the analysts, the price of Near Protocol crypto can reach up to $2.57 by the end of the year, while the pessimistic view of analysts predicts that it could fall to $1.744.
Near Protocol Price Prediction 2024
As per the analysts, the most optimistic target that the Near Protocol price may achieve is $4.74, indicating an upside potential of 111.17% from the CMP. The average analyst price target is $4.208 by the end of 2024. However, the pessimistic view of analysts estimated the price to reach $3.32.
Near Protocol Price Prediction 2025
The most optimistic analyst forecast for Near Protocol crypto expects the price to reach a high of $7.17 with a potential gain of 226.01% from the CMP. The minimum forecasted price by the end of 2025 is $4.704.
Near Protocol Price Prediction 2026
The NEAR price may reach a high of $9.888 if a positive trend prevails in the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $7.962 by 2026.
Near Protocol Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts estimates a price target of $13.625. The minimum price that Near Protocol may reach by 2027 is $10.202.
Near Protocol Price Prediction 2028
On an optimistic note, the Near Protocol price may advance to a high of $19.91 in the next five years. The minimum price target that the NEAR crypto may achieve is $13.93.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
Source: https://www.thecoinrepublic.com/2023/12/07/near-protocol-price-prediction-will-near-attain-ath-before-2028/