The post Near Protocol Price Prediction 2023 – 2025: Will NEAR Reach $10? appeared first on Coinpedia Fintech News

The global crypto market has been generous enough to emerging protocols and its native assets. A number of sprouting protocols have managed to establish their reign in the industry. One such 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. For participating in the staking procedures and governance procedures, amongst others. The altcoin holds an ROI of 342.07%. Are you considering NEAR for your portfolio, but doubtful of its returns? Look no further, as we decode the plausible price prediction of NEAR for 2023 – 2025 and beyond!

Overview 

Near Protocol (NEAR) Price Prediction

Near Protocol Price Prediction December 2022

The second quarter was a tough sail for Near Protocol and its rivals in the business. As aggravating trends led to a parabolic spike in selling pressures. Amidst the turmoil, NEAR lost over 83% in value since the peak of the second quarter. 

Developmental and community-building initiatives alongside positive social sentiments could further drive the price in the fourth quarter. Which could pave the way to its maximum trading value of $8.429. Whilst a balance in trade activities could take the price to $6.931. Bears outweighing the bulls could clutch the price down to $5.860.

NEAR Price Forecast 2023 

The altcoin could set the charts ablaze, provided the developmental initiatives such as Nightshade Sharding, and decentralization for Web 3.0. Manage to bring in mass adoption over the course of time.

Continuing a bullish stance with supplementing catalysts such as scalability, transaction throughputs, decentralization, and lower transaction costs could increase transaction volumes. Which could push the price to $2.704.

On the flip side, an ebbing userbase and a possible market dump could slash the price down to $1.965. That said, the average price can be anticipated at $2.334.  

NEAR Crypto Price Prediction 2024

If the team behind Near Protocol release the necessary resolutions to the framework while hosting community-driving initiatives. Further seeking impetus from the optimism built by Bitcoin’s halving event, NEAR’s price could soar to a maximum of $3.964.

On the downside, factors like regulatory clampdowns can slump the price to $2.713. Consequently, constrained by the linear trajectory, the regular price might find its base at $3.238. 

Near Protocol 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 $5.706.

On the other hand, negative criticism and emerging potential rivals could drag the price down to $3.627. Successively, the lack of fulfilling initiatives could land the price at $4.666.  

What Does The Market Say?

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.

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

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

CoinPedia’s NEAR Price Prediction 

According to CoinPedia’s formulated price prediction of NEAR. The digital asset could escalate to its potential high of $2.017, by the end of 2022. Provided it seeks impetus from initiatives such as Nightshade sharding and decentralization for Web 3.0.

On the flip side, the price could find support at $1.516, if it loses out on steam, amidst stiff competition. That said, its climate-neutral traits could push the price to $20 in the next five years. 

Historical Market Sentiments

2018

• 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.

2020

• The first known trade value of NEAR was $1.072, which was seen on the 14th of October. On the same day, the wick had brushed levels of $1.884. 
• The spike was short-lived as the asset took a downswing. Which led to the price finding support at $0.538, by the 5th of November. 
• Followed by a leg-up the altcoin closed its annual trade at $1.459.

2021 

• The year 2021 was initiated with an uptrend at a starting price of $1.305. 
• The digital asset managed to climb up to its new ATH of $7.572, by the 13th of March. 
• The price of NEAR saw a steep plunge to $4.057, by the 24th of April. Thereafter the price rose to $7.29 by the 15th of May.
• 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. 
• After a pullback to $6.495, an uptrend escalated the price to $13.168, by the 26th of October.
• November 15th marked the launch of “Nightshade” sharding when the price was seen at $12.046. That said, the annual trade was closed at $15.793. 

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