NEAR Protocol Eyes $10-$15 as Market Gears Up for Major Rally

• Michaël van de Poppe sees NEAR Protocol ready for its next major rally, targeting $10-$15 in the coming months.
• NEAR Protocol continues to grow with key partnerships and rising daily active addresses, boosting long-term potential.

Founder of MN Capital, Michaël van de Poppe, has tweeted about NEAR Protocol’s bright futures. Citing NEAR as a perfect example, he tweeted hope for the next rising movement of the market.

Van de Poppe mentioned that the markets are preparing for the next significant upward move, pointing out that NEAR has been gradually climbing after retesting its previous consolidation area. His analysis suggests that NEAR’s next target in this rally is between $10 and $15.

The markets are gearing up for the next big leg upwards.$NEAR is a perfect example.

It retested the previous consolidation area and is slowly crawling upwards.

The next target in the rally is $10-15. pic.twitter.com/9tewdd6tQH

— Michaël van de Poppe (@CryptoMichNL) October 24, 2024

But at the time of writing, NEAR is trading at about $4.55, a dip of 2.73% over the last 24 hours and of 5.54% over the last 7 days. The basic advancements around NEAR Protocol offer a more hopeful future even with the temporary price correction.

NEAR Protocol Strengthens Position with AI Partnerships and On-Chain Growth 

One noteworthy advancement noted by CNF is the Zero1 Labs and NEAR Protocol alliance. Through hackathons and community projects, this cooperation seeks to assist grassroots teams and decentralized artificial intelligence builders.

Through encouraging innovation in distributed artificial intelligence, NEAR Protocol and Zero1 Labs are collaborating to equip developers with scalable blockchain infrastructure and the required community support.

Expanding NEAR’s influence in the distributed technology market is considered a significant step forward, thanks in great part to this cooperation.

Apart from the increasing curiosity among artificial intelligence inventors, NEAR has also displayed good on-chain performance. As we previously reported, daily active addresses of NEAR Protocol in Q2 2024 peaked historically and showed a 42% rise in activity.

This increase is a reflection of the growing acceptance and interaction with the protocol, therefore confirming the potential of the platform.

Furthermore, NEAR has lately started TokenBridge, a major project connecting NEAR Protocol with Solana to improve blockchain interoperability. This cross-chain feature will probably make NEAR more valuable, which will attract both developers and consumers looking for flawless interoperability across blockchain networks.