Cryptocurrency Price Prediction

Near Protocol Price Prediction 2023 – 2025: Will NEAR Reach $10?

Author: Elena R

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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Story Highlights
  • Near Protocol could reach a maximum of $2.017 by the end of 2023.

  • NEAR plans to launch the Phase 2 in the year 2023

  • Near Protocol is expected to cross the $10 mark by 2028.

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 the years to come!

Overview 

CryptocurrencyNear Protocol
TokenNEAR
Price
Market cap$ 0.0000
Circulating Supply0.0000
Trading Volume$ 0.0000
All-time high$ 0.0000 Jan 1, 1970
All-time low$ 0.0000 Jan 1, 1970

Near Protocol (NEAR) Price Prediction 2023 – 2030

Near Protocol Price Prediction

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 altcoin 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.  

Price PredictionPotential Low ($)Average Price ($)Potential High ($)
20231.9652.3342.704

NEAR Crypto Price Prediction 2024

If the team behind Near Protocol release the necessary resolutions to the framework while hosting community-driving initiatives. The phase 3 of sharding is scheduled for 2024, which will dynamically adjust the number of shards based on demand and supply. 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. 

Price PredictionPotential Low ($)Average Price ($)Potential High ($)
20242.7133.3383.964

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. 

Price PredictionPotential Low ($)Average Price ($)Potential High ($)
20253.6274.3665.106

 Near Protocol Price Prediction 2026 – 2030

Price PredictionPotential Low ($)Average Price ($)Potential High ($)
20265.2616.0176.892
20277.0107.9268.919
20289.66910.61611.561
202914.21615.11516.027
203019.96121.32222.656

What Does The Market Say?

202320242025
Wallet Investor$0.123$0.176$0.128
DigitalCoinPrice$4.37$5.84$7.51
PricePrediction.net$2.58$3.75$5.66
Trading Beasts$1.948$3.089$3.762

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. 

Company Details

near protocol

  • Blockchain Network

NEAR is a layer-1 blockchain network that is scalable and secured, with a focus on ease of useability. The Near Protocol is designed in such a way that both creators and developers can get empowered, who can earn 30% of the fees their contracts generate, and can earn rewards for validating transactions. The community exists to allow community-driven innovation to benefit people around the world. NEAR was established in the year 2017 and the company is based in San Francisco, California.   NEAR operates similarly to other centralised data storage systems. The network serves as the base layer on which applications are built. NEAR is operated and maintained by a distributed network of computers. The NEAR Protocol facilitates a similar architecture built around a network of computers and its native cryptocurrency, the NEAR token. The strong fundamentals of the network make it an ideal option for the creation of dApps.

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 $2.704, by the end of 2023. 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 $1.965, 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. 

Near Protocol Historical Market Sentiments 2020 – 2021

  • 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.
  • 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.
  • 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. 
  • 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, 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. 

FAQs

What Is Near Protocol?

The protocol promotes the network of computers running a platform for developers to create and launch dApps.

How high will NEAR price climb by the end of 2023?

The price of NEAR could possibly rise to $2.704, by the end of 2023.

What is the current ATH of NEAR?

The ATH of the digital asset was hit at $20.42.

What can the near token be used for?

The NEAR token is primarily used to pay transaction fees and as collateral for storing data on the blockchain.

What can be the maximum trading value of NEAR by the end of 2025?

The digital asset could rise to its maximum trading value of $5.106, by the end of the next five years. With a potential surge the Near price could reach $68.29 mark by 2030.

Is near protocol supported by Ledger?

Yes, you can directly manage your near protocol with Ledger Live.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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