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NEAR Protocol Price Prediction

Jan 11, 2023
5 min read

This blog post will cover:

  • NEAR statistics
  • Near Protocol Roadmap
  • Crypto community about NEAR
  • NEAR Price Prediction
  • NEAR Price Prediction 2024
  • NEAR Price Prediction 2025
  • NEAR Historical Price Analysis

Near Protocol is a platform that allows users to build various types of decentralized applications. The main idea of the project is to make the process of creating apps easier for developers and entrepreneurs. Near protocol provides a new business model, built on intuitive experience. It is aiming to build an open web and power its economy. Near blockchain is created as permissionless, performant, and secure. One of the key features of this protocol is an opportunity to use a shared pool of money. Basically, the idea of the Near protocol can be described as a development of a community-run cloud, which is supposed to solve the main important problems: usability, scalability, and security.

The NEAR token has the following use cases: it is used to pay transaction fees and it can also serve as collateral for data storage.

NEAR statistics

Let’s take a look at NEAR token statistics from the CoinMarketCap service:

Price prediction at 09.21.2023:
NEAR price: $1.1216128327852428
Market capitalization: $1056190857.735547
Volume (24h): $41074780.19841503
Circulating supply: 941671517 NEAR
Total supply: 1000000000 NEAR

Near Protocol Roadmap

The team of developers publishes the roadmap for each year. Unfortunately, they have not published their plans for 2022 yet. However, anyone can check it out on the official website when it is ready.
The interesting thing about the roadmap is that anyone can participate in a discussion and ask questions in case needed.

Crypto community about NEAR

All members of the NEAR community on social media are friendly and optimistic about the protocol’s future.

However, not only users are interested in this protocol. It seems that this protocol is considered to be promising to investors as well.

NEAR Price Prediction

Now let’s move to the price prediction. Here you can see what some of the most reliable services foresee for the future of NEAR.

Price prediction at 09.21.2023:
Minimum NEAR price for 2023: $0.0203075
Maximum NEAR price for 2023: $3.534033333333333
Average NEAR price for 2023: $1.3222665949820789

Year-end NEAR price predictions 2023:
Minimum expected: $0.06161374193548388
Maximum expected: $3.319677419354839
Average expected: $1.2818064516129033

NEAR Price Prediction 2024

For 2024 the same pattern is expected by most analysts. However, some of them predict a high volatility period. If we suppose that the interest in the new platform remains, then it will be reflected in the price. By the end of 2024 it may overcome $60. 

NEAR Price Prediction 2025

No surprises are expected in 2025. Stability is supposed to reestablish. In case the protocol continues its development and provides solutions for the current problems, its price should be growing.

NEAR Historical Price Analysis

As of January 17, 2022:

All Time High (Jan 16, 2022): $20.42
All Time Low (Nov 04, 2020) : $0.526

The NEAR protocol is a young project, however, looking at the price chart we can say that it showed stable growth of interest throughout the whole period. Recently, the price of NEAR increased by more than 15% against the background of a bearish market. Undoubtedly, there are a number of reasons behind this success. The most important is the technology that is behind the protocol. It can be seen as a blockchain with the fast-sharded proof-of-stake. At the beginning it may have been undervalued, but those who tried it already, obviously liked the experience, thus the further growth can be expected.

Even though the NEAR protocol is a relatively new project, it is developing with amazing success. The reason for this is a precise analysis of the existing projects and unsolved problems and the team’s desire to provide a better version of the blockchain system for creating decentralized applications easier. As it can be seen from all the predictions, the current work of the project promises a nice future for it.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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