Near Protocol (NEAR) Price Prediction 2024, 2025,2030 — Will NEAR Hit $100?

Developing protocols and their native assets have been well supported by the global cryptocurrency market. Some emerging protocols have successfully established themselves as the market leaders. An example of this is the recently popularized Near Protocol. Features of the network, like as faster transaction times, neutrality toward the environment, and reduced transaction fees, have been pluming its already lofty perch.

In order to carry out network operations like completing transactions, the Near Protocol makes use of NEAR, its native asset. In exchange for helping out with things like staking and board meetings. The alternative coin has a return on investment of 342.07%. Do you want to invest in NEAR but have doubts about how profitable it would be? Don’t bother looking any farther; we’ve deciphered the NEAR price forecast for 2023–2025 and beyond!

What Is Near Protocol (NEAR)？

The NEAR Protocol is a public Proof of Stake (PoS) blockchain designed with the end user and programmer in mind. In 2018, industry veterans Alexander Skidanov and Illia Polosukhin launched The Protocol. Both men have worked with industry giants including Microsoft and Google. They planned to use their combined skills in machine learning, but instead they found themselves drawn to blockchain technology. After it, the NEAR Protocol was developed.

NEAR is a smart-contract-enabled blockchain built with user friendliness in mind, and is intended to serve as a platform for dApps. To better compete with other blockchains that can execute smart contracts, like Ethereum and EOS, NEAR has added a number of features to improve the user experience.

For instance, the platform combines human-readable account names alongside crypto wallet addresses, so users can interact with smart contracts and dApps without the need for a wallet.

The goal of one of NEAR’s most extensive initiatives is to build a decentralized, permissionless network where no one—not even governments—can interfere. NEAR wants to differentiate itself from Meta and other platforms it sees as “biased, closed ecosystems” by giving its users more agency over their own data.

NEAR’s answer is a “community cloud” where users may keep their data, identities, and finances protected and transact with one another without needing third-party services or approval.

The NEAR Protocol’s storage and transaction costs are paid for with its native coin, NEAR. In addition to ensuring the integrity of financial dealings, NEAR uses its own cryptocurrency tokens to incentivize validators to protect the network against malware and fraudulent activities. The NEAR Protocol is predicted to continue its meteoric rise, which bodes well for the token’s future price.

Near Protocol (NEAR) Overview

Cryptocurrency	NEAR Protocol
Token	NEAR
Price	$ 5.4880 -5.14%
Rank	21
Market Cap	$ 6.7B
24H Trading Volume	$ 949.3M
All-time High	$ 20.4196
All-time Low	$ 0.5267
24 High	$ 5.8365
24 Low	$ 5.3516
Cycle High	$ 8.9659 / 2024-03-15 02:00:00
Cycle Low	$ 0.9720 / 2023-10-19 17:55:00
Update Time	2024-11-21 02:05:02

Near Protocol (NEAR) Technical Analysis

Daily Simple Moving Average (SMA) & Daily Exponential Moving Average (EMA)
Date Calculated:2023-12-14

Weekly Simple Moving Average (SMA) & Weekly Exponential Moving Average (EMA)
Date Calculated:2023-12-14

Bullish-Bearish Indicator

Near Protocol (NEAR) for Today, Tomorrow and Next Week

Near Protocol (NEAR) Price Prediction for 2025-2050

Near Protocol (NEAR) Price Prediction 2024

With over $218 million in total value locked and about 2,500 active developers, Near Protocol is among the most successful Layer-1 blockchains. After its 2020 launch, $NEAR quickly rose to the position of twenty-first largest cryptocurrency by market capitalisation.

Having weathered the crypto winter and posted increases of about 300% since last summer, $NEAR has had tremendous momentum over the last year. According to $NEAR’s technical analysis, the current trend should be maintained.

$NEAR’s daily trading volume has increased from less than $40 million a year ago to approximately $280 million, a 21% increase in the last week. $NEAR is not yet overbought, according to RSI analysis, and momentum indicators, such as MACD, point to a very bright future.

Among blockchain-related initiatives, Near Protocol has had a meteoric rise in activity so far in 2018. The Near Protocol chain experienced a daily transaction increase of approximately 6 million in May. Additionally, in the past year, the number of Near Protocol wallets has increased fourfold, reaching over 116 million today. Instead of a temporary uptick in interest, these figures point to robust and long-term development for the blockchain.

Plus, Near Protocol has recently introduced its Nightshade 2.0 update, which is a huge deal. As compared to Ethereum Layer-2 options, Near Protocol is already appealing, but this enhancement is predicted to quadruple its transaction speed and substantially decrease developer expenses. The development team behind Near Protocol, Near One, is clearly dedicated to the future of the project, as evidenced by the upgrade.

By the end of the year, we expect Near Protocol’s stock will have risen due to all of these favourable factors. Our end-of-year 2024 price prediction is $5.24.

We foresee the following six-month price growth for $NEAR:

Near Protocol (NEAR) Price Prediction 2025

Even more gains are in store for this Layer-1 blockchain in 2025, according to our Near Protocol pricing estimate. When the Near Protocol ecosystem develops and additional high-use decentralised applications (dApps) are added, we expect the rate of growth in developers, users, wallets, and total value locked to accelerate.

Additionally, 2025 may see a significant influence from the Nightshade 2.0 improvement. As a means of improving transaction processing efficiency and cutting expenses even more, Near Protocol plans to raise the number of blockchain shards from 6 to 10. For developers trying to decide between Near Protocol, Ethereum, and other leading Layer-1 crypto projects like Solana, that is a huge selling point.

In 2025, $NEAR might get an extra boost from crypto market macroeconomic conditions. If Bitcoin’s price reaches $200,000, it might attract millions of new crypto users and inspire more programmers to create decentralised applications. Near Protocol can take advantage of the expansion of the cryptocurrency market as a whole, even though Ethereum will probably still be the biggest smart contract blockchain in 2025.

Considering all of this, we calculate that by 2025, the average trade price of Near Protocol will have risen to [coin symbol=”near” period=”2025}]. From the current price, that is a 75.25 percent increase.

Near Protocol (NEAR) Price Prediction 2030

Near Protocol has the potential to emerge as a major blockchain in the future, according to our long-term prediction. Ethereum may still lead Layer-1 smart contract networks by decade’s end, but Near Protocol has a shot at overtaking Solana, Avalanche, and Cardano in terms of market cap and active users.

When compared to other prominent blockchains, Near Protocol’s scalability is clearly the strongest suit. The Nightshade 2.0 upgrade shows that the Near One team can offer more shards in the future, and sharding on Near Protocol has already made transactions more scalable.

The ability of the blockchain to discover a compelling decentralised application (dApp) that can draw in a large number of new users is the most pressing concern surrounding our Near Protocol prediction. The Near Protocol is now seeing a lot of activity from the decentralised applications (dApps) Kai-Ching and Sweat Economy. If blockchain technology wants to keep growing, it will need to branch out from cryptocurrencies.

Potential Highs & Lows of NEAR

Given the intense competition in the Layer-1 blockchain market, it is difficult to predict which chain will ultimately be able to challenge Ethereum’s ecosystem. That being said, we reflected more optimistic and bearish trajectories by developing high and low price predictions for $NEAR.

Is Near Protocol (NEAR) A Good Investment?

To address the issues of slow transaction times, limited throughput, and poor interoperability that plague blockchain technology, Near Protocol was developed.

In addition to being used for staking and paying network transaction fees, NEAR tokens have found a practical use. Token holders also have the right to vote on different suggestions to enhance the platform.

Also, let’s evaluate how well Near Protocol has done in contrast to one of its major competitors, Solana.

Will Near Protocol (NEAR) Hit $100?

At its present price of $1.56, NEAR cryptocurrency would need to increase in value by 641, or to reach $1000. NEAR cryptocurrency will take about 33.21 months to double in value, given its 1.93-fold monthly increase (as calculated above) (less than 3 years).

Once again, the reasons driving the economy and the liquidity environment are different from when it was at its peak. As a result, we shouldn’t anticipate NEAR to continue its rapid expansion at the same rate it has in recent years.

Hence, even if economic fundamentals improve, it will take a much longer for the price to reach $100.

Can Near Protocol (NEAR) Hit $100?

Starting at its present price of $2.34, the NEAR token would need to increase in value by almost 427 times before it would be worth $1000. There was an 11.59-fold increase in NEAR’s value over that same time period, taking it to a price of $20.18.

Taking into account its 1.93-fold monthly growth, we can calculate that it will take Near Protocol at least 221 months (almost 18 years) to reach $1,000.  The time it takes to reach that value, however, is very variable and subject to the macro and micro economic conditions of the moment.

We project that $NEAR might reach a price of $9.31 in 2025 and $74.91 in 2030 according to our Near Protocol price forecast. By the end of the decade, that amounts to a possible gain of 1,310.72% from the current price. Those looking to invest in cryptocurrencies with a high potential that focus on Layer-1 blockchains should consider it.

The scalability and speed of Near Protocol make it a serious contender to Ethereum for the title of best smart contract blockchain. Considering how cutthroat the market is for Layer-1 blockchains, though, Near Protocol’s success is far from assured. To spread their risk in the cryptocurrency market, investors thinking about putting money into Near Protocol could benefit from amassing a variety of Layer-1 blockchain tokens.

Conclusion

The NEAR Protocol stands out from competing solutions thanks to its innovative set of capabilities for developers and its laser emphasis on ease of use. When looking at NEAR’s track record and the features it provides, it’s clear that the coin has enormous potential to become one of the top Web 3.0 cryptocurrencies and generate massive profits.

Despite the current state of the market, NEAR is a crucial token to keep an eye on because of the revolutionary potential it holds.

FAQs

1.Is Near Protocol a good investment?

The last year saw Near Protocol become one of the most widely discussed cryptocurrencies. Given this, it’s safe to argue that NEAR is a smart financial move.

2.How far can Near Protocol progress?

Near Protocol (NEAR) may achieve a yearly average price of $2.62 in 2018. It’s possible that in the next five years, Near Protocol will be worth more than $12.16.

3.What will Near Protocol be valued in five years?

Near Protocol and cryptocurrencies are becoming increasingly popular, therefore investors who hold on to their NEAR for the long term may see a return of $12.16 on their investment in the next 5 years.

Where to Trade Near Protocol (NEAR)  Futures？