Here you can find NEAR Protocol price prediction for 2030, 2025 and 2023. Let’s look back at NEAR Protocol past prices to see how experts predict its price movement in the future.
This prediction is based on the opinions of some analysts and market experts. NEAR’s current price is $2.04.
What is NEAR Protocol?
NEAR Protocol, a blockchain-based decentralized platform that allows developers to build decentralized apps (dApps), and digital assets. The network is secured by a Proof-of-Stake consensus system. Transaction fees are low and transactions can be completed quickly. NEAR Protocol is designed to help developers build secure, scalable and usable dApps on a network.
Platform is developer friendly and includes features such as sharding which increases throughput, scaling and WebAssembly runtime, which enables programmers to create smart contracts using familiar languages like Rust AssemblyScript and C++. NEAR Protocol has also created its native currency, NEAR. This is used for payment of transaction fees as well as other network activity.
Who is the creator of NEAR Protocol?
NEAR Protocol is the brainchild of a group of developers, led by Alexander Skidanov. Alexander Skidanov also serves as the CEO and co-founder of the NEAR Protocol project. Skidanov was a former software developer at Microsoft and co-founded MemSQL, a company that provides distributed databases. Many of the NEAR Protocol’s team members have worked for companies such as Microsoft, Google and MemSQL. NEAR Protocol also has the backing of major venture capital companies such as Andreessen Horowitz Pantera Capital and Electric Capital.
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Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
NEAR Features
NEAR has its own unique selling point. It is similar to other platforms, such as Microsoft Azure or Amazon Web Services. The NEAR network has no single failure point due to the large number of validators.
It prevents data loss and hacking as well as the other common problems that plague most cloud-based platforms. NEAR Protocol’s primary objective is to allow users to take back control over their data and assets.
Below are some of the most important features of NEAR Protocol.
Interoperability
NEAR’s interoperability is another advantage. NEAR’s “Rainbow Bridge” allows users to bring Ethereum tokens and build Ethereum projects easily using the Aurora Ethereum virtual machine.
Scalability
NEAR is a system that excels in terms of speed and scalability. NEAR’s network is able to process 100,000 transactions per sec using the Doomslug block-production technique and Nightshade shattering system. This is twice as fast as competitors like Solana.
A transaction is completed in under a second, and the network charges very little for it. Combining Nightshade with Doomslug increases throughput and efficiency while reducing the network load. This results in transactions that are lightning fast.
Convenience
NEAR Protocol makes crypto accessible and simpler for everyday users around the globe with human-readable account names.
NEAR Protocol Price Prediction Technical Analysis
NEAR Protocol currently trades at $2.04 with a $1,766,506,358 market cap and $87,354,649. NEAR Protocol has an circulating supply currently of 866 021,029 NEAR. The all-time price of the cryptocurrency was $20.42. It is currently trading at an 87.99% low.
The value of NEAR has fallen from almost $20 to an embarrassing $2.45. The token’s performance must be similar to its peak.
What is unique about NEAR Protocol?
NEAR’s Nightshade Technology significantly increases transaction throughput. Nightshade, a variant of sharding in which multiple chains are shared and individual validators work in parallel to process the transactions. This increases the overall capacity of the blockchain. Nightshade, unlike “regular”, sharding produces a fraction, or “chunks,” of the block to come. NEAR Protocol is able to process 100,000 transactions in a second, and has a block cadence of one second. This allows for near instantaneous transaction completion.
NEAR Protocol improves the complex onboarding of other blockchains, by using addresses that are readable to humans and creating decentralized apps with registration flows similar to those users already know. It also provides modular components to developers, which allows them to launch projects such as token contracts and NFTs more quickly.
Ecosystem Fund
NEAR, in a move similar to other Layer-1 Blockchains like Avalanche and Fantom, announced an ecosystem funding initiative of $800,000,000 on October 25th, 2021. The funds will be used for initiatives that aim to accelerate the NEAR ecosystem’s growth. Proximity Labs has contributed $350 millions to the fund.
The total fund will consist of $250 million for existing projects and $100 million allocated to Startup Grant Pools that will give $5 million each to 20 startup companies. NEAR prioritizes funding teams that focus on Decentralized Financing (DeFi), which “actively reinvent and reimagine the way we engage with money.” NEAR actively seeks projects that utilize NFTs, DAOs and gaming.
Three Arrows Capital also led an investment of $150 million in NEAR. Mechanism Capital, Dragonfly Capital and other investors participated, including a16z Capital, Jump Capital, Alameda Capital, Zee Prime and Zee Prime. The money raised will help accelerate the adoption of Web3 technology.
NEAR Protocol Price Prediction
NEAR Protocol Price Prediction 2023
As the market recovers after the crypto winter Bitnation expects NEAR Protocol to reach its maximum price of $3.70. Expected minimum is $2.47 with an average of $3.09
Wallet Investor predicts that the average price for NEAR in May will be $0.180. The low is $0.0898, and the high $0.269, according to Wallet Investor. The year’s lowest, average and highest prices were $0.118, 0.235 and $0.353, according to Wallet Investor.
AMBCrypto estimates that the average NEAR Protocol price in 2023 will be $4.76. The price range is $3.81 to $5.71.
NEAR Protocol Price Prediction 2025
According to Wallet Investor, NEAR will start 2025 with a price of an average $0.3044. The minimum is $0.152, and the maximum $0.457. The year’s end saw the highest, lowest and average prices at $0.391, $0.196 and $0.587 respectively.
CryptoNewsZ’s NEAR forecast shows that the maximum possible price is $9.30 with a low value of $7.11. NEAR Protocol’s price is predicted to fluctuate moderately by 2025 with an annual average of $8.2.
NEAR Protocol Price Prediction 2030
Bitnation believes that NEAR’s price will rise to $18.10 by 2030. NEAR Protocol’s price could fall to as low as $16.87 if this support does not come through.
In 2030, the NEAR Protocol is predicted to drop as low as $41,57. Price Prediction predicts that the NEAR Protocol price will reach $49.17 with an average forecast of $43.03.
BitcoinWisdom has predicted that the price of Near Protocol would surpass previous ATHs and reach new records in 2030. Minimum price is $16.42; maximum price can be $17.45. Average price would be $16.83.
FAQs
Will NEAR go up?
NEAR Protocol is expected to rise in value and achieve greater heights according to different asset forecasts. NEAR’s price may peak as the market starts to experience a large number of new projects.
Is NEAR Protocol a wise investment?
Your risk tolerance will determine whether you invest in NEAR Protocol or NEAR. You can see that the price of NEAR Protocol increased by 2,58% over the past 24 hours, and by 0,31% in the last 30. It all depends if this investment meets your trading goals.
Is there a future for NEAR?
We believe that the future for NEAR will be bright because NEAR Protocol is a strong protocol with solid fundamentals. A large number of investors are also invested in NEAR.
