Thursday, December 8, 2022
 

NEAR Protocol (NEAR) Price Prediction: Will NEAR Price Hit $8 in 2022?

  • Bullish NEAR Protocol (NEAR) price prediction ranges from $4.623-$7.678.
  • Analysis suggests that NEAR price might reach $8 soon.
  • ‌NEAR’s bearish market price prediction for 2022 is $2.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. NEAR Protocol (NEAR) is one of them.

NEAR Protocol is a layer-one blockchain that was built as a community-based cloud computing platform. 

If you are interested in the future of NEAR and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is NEAR Protocol?

As a layer-one blockchain built as a community-run cloud computing platform, NEAR Protocol overcomes issues impacting other blockchains, such as slow transaction rates, low throughput, and poor compatibility. A platform that is conducive to both developers and end users may be established in this way, making it suitable for decentralized applications (dApps). 

Unlike Ethereum’s encrypted wallet addresses, NEAR account names are understandable by humans. NEAR also features an original consensus process called “Doomslug” and innovative approaches to scalability issues. The NEAR Collective is a community of developers, users, and enthusiasts working to improve the NEAR Protocol by fixing bugs in the core code and expanding the platform. 

NEAR Protocol was founded by Erik Trautman. Nightshade is a technology developed by NEAR that drastically increases the speed of business transactions. Nightshade is a variant of sharding that increases the blockchain’s throughput by having several groups of validators process transactions in parallel across different sharded chains.

Human-readable addresses and the ability to create decentralized applications with a registration flow comparable to what users are accustomed to are two ways in which the NEAR Protocol simplifies the otherwise cumbersome onboarding process of other blockchains. In addition, it offers developers modular components, which expedite the launch of projects like token contracts and NFTs.

The NEAR Foundation is a non-profit based in Switzerland that is responsible for the protocol’s governance, as well as its upkeep, ecosystem funding, and leadership. The protocol has also created an intermediary between Ethereum and NEAR, enabling the exchange of ERC-20 tokens between the two networks.

Use cases for the NEAR token include costs associated with handling financial transactions and maintaining a database, operating network validator nodes by staking NEAR tokens, and voting on a policy that controls the distribution of network resources.

NEAR Protocol (NEAR) Current Market Status

With 755,775,027 NEAR in circulation, NEAR Protocol trades at $5.62 at the time of writing. NEAR has a 24-hour trading volume of $528,895,756.74, and during the previous 24 hours, the price of NEAR has increased by 4.7%.

At the moment, the most popular exchanges that trades NEAR Protocol (NEAR) are Binance, Huobi Global, Mandala Exchange, FTX, and OKX. 

NEAR Protocol (NEAR) Price Analysis 2022

Currently, NEAR ranks 22nd on CoinMarketCap’s top list of cryptocurrencies in terms of market capitalization. Will NEAR Protocol’s most recent improvements, additions, and modifications help its price rise? Let’s focus on the charts in this article’s NEAR price forecast first.

NEAR Protocol (NEAR) Price Analysis – Keltner Channel

EAR/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
NEAR/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of NEAR Protocol (NEAR) can be predicted using the Keltner Channel indications for NEAR/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Even after establishing a new uptrend, it is often smart to wait for a downturn or a better entry point to improve the reward-to-risk ratio.

NEAR Protocol (NEAR) Price Analysis – Relative Strength Index

NEAR/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
NEAR/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine whether if it is overvalued or undervalued. The RSI value of the 1-Day chart is 69.77. A movement above 50 indicates that more traders are buying NEAR rather than selling, and are driving the price up. 

NEAR Protocol (NEAR) Price Analysis – Moving Average

NEAR/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)
NEAR/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of NEAR Protocol’s (NEAR’s) 200-day, 100-day, and 50-day Moving Averages (MAs). NEAR is now running sideways. Notably, the NEAR 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bullish. However, the distance between the two moving averages is wide. Because the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term investors.

NEAR Protocol (NEAR) Price Prediction 2022

NEAR/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of NEAR/USDT, NEAR price was swinging from $0.2839 to $5.769 after touching the support level of $2.9-3.4. Bouncing back from the support level, NEAR is now going sideways in the market and slightly forming an uptrend channel to return bullish soon.

Meanwhile, our long-term NEAR price prediction for 2022 is bullish since it cannot break the support level. We can expect NEAR to reach $8 this year. 

NEAR Protocol (NEAR) Price – Resistance and Support Levels

NEAR/USDT 1-Day Chart (Source: TradingView)

This chart shows that the price of NEAR has decreased in the past few months. Moreover, the price of NEAR is up by 13.63% in the past 24 hours after forming an uptrend channel. If this continues, NEAR might keep running bulls, breaking its $6.415 resistance 1 level—eventually moving higher to the $8.

If NEAR cannot break the $6.415 resistance 1 level, the bears may seize control and dethrone NEAR to a downtrend stance. In simple terms, the price of NEAR might fall to almost $2, indicating a negative signal given by the previous support level.

NEAR Protocol (NEAR) Price Prediction 2023 

NEAR will hit $9.5 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $8. The growth will thereafter moderate, but no significant drops are forecast. 

NEAR Protocol (NEAR) Price Prediction 2024 

NEAR price can rise to incredible heights, peaking at $12. This is only feasible if the market continues its upward path and only if NEAR Protocol breaks through the past psychological resistance levels.

NEAR Protocol (NEAR) Price Prediction 2025

NEAR prices might grow to $14.3 during the next three years. Furthermore, hitting this level may not be so tough for NEAR Protocol because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

NEAR Protocol (NEAR) Price Prediction 2026

NEAR prices might grow to $17.966 during the next four years. Furthermore, hitting this level may not be so tough for NEAR because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

NEAR Protocol (NEAR) Price Prediction 2027

NEAR prices might soar to $23.084 in the next five years. Furthermore, hitting this level may not be so tough for NEAR Protocol as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, NEAR Protocol has a strong chance of reaching the previous ATH.

NEAR Protocol (NEAR) Price Prediction 2028

In the next six years, NEAR prices could rise to $29.32. Additionally, reaching this level could not be so difficult for NEAR as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, NEAR Protocol has a strong chance of reaching the previous ATH.

NEAR Protocol (NEAR) Price Prediction 2029

In the next seven years, NEAR prices could rise to $33.56. More so, reaching this level could not be so difficult for NEAR as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, NEAR has a strong chance of reaching the previous ATH.

NEAR Protocol (NEAR) Price Prediction 2030

In the next eight years, NEAR prices could rise to $37.94. More so, reaching this level could not be so difficult for NEAR as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, NEAR has a strong chance of reaching the previous ATH.

Conclusion

As said above, the price of NEAR may even reach above $37.94 if investors have decided that the cryptocurrency is a good investment, along with mainstream cryptocurrencies.   

FAQ

What is NEAR?

As a layer-one blockchain built as a community-run cloud computing platform, NEAR Protocol overcomes issues impacting other blockchains, such as slow transaction rates, low throughput, and poor compatibility. A platform that is conducive to both developers and end users may be established in this way, making it suitable for dApps.

How to buy NEAR tokens?

Like other digital assets in the crypto world, NEAR can be traded on many exchanges. Binance, Huobi Global, Mandala Exchange, FTX, and OKX are currently the most popular cryptocurrency exchanges for trading NEAR. 

Will NEAR surpass its current ATH?

Since NEAR provides investors with a number of opportunities to profit from their crypto holdings, NEAR seems to be a really good investment in 2022. Notably, NEAR has a high possibility of surpassing its current ATH in 2027.

Can NEAR reach $21 soon?

In terms of active crypto assets, NEAR is one of the few that continues to rise in value. As long as this bullish trend continues, NEAR might break through $11.694 and reach as high as $21.68. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is NEAR a good investment in 2022?

As one of the fastest-rising cryptocurrencies, NEAR is expected to continue its rise. We may also conclude that NEAR is an excellent cryptocurrency to invest in this year, given the recent partnerships that have improved its adoption.

What is the lowest price of NEAR?

The lowest price that NEAR has is $0.526, which was tapped on November 04, 2020.

Which year was NEAR launched?

NEAR was launched in 2020.

Who are the co-founders of NEAR?

They are Erik Trautman and Illia Polosukhin.

What is the maximum supply of NEAR?

NEAR has a maximum supple of 1,000,000,000 NEAR.

How do I store NEAR?

NEAR can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the NEAR price in 2023?

NEAR price is expected to reach $9.5 by 2023.

What will be the NEAR price in 2024?

NEAR price is expected to reach $12 by 2024.

What will be the NEAR price in 2025?

NEAR price is expected to reach $14.3 by 2025.

What will be the NEAR price in 2026?

NEAR price is expected to reach $17.966 by 2026.

What will be the NEAR price in 2027?

NEAR price is expected to reach $23.084 by 2027.

What will be the NEAR price in 2028?

NEAR price is expected to reach $29.32 by 2028.

What will be the NEAR price in 2029?

NEAR price is expected to reach $33.56 by 2029.

What will be the NEAR price in 2030?

NEAR price is expected to reach $37.94 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish NEAR Protocol (NEAR) price prediction ranges from $4.623-$7.678.
  • Analysis suggests that NEAR price might reach $8 soon.
  • ‌NEAR’s bearish market price prediction for 2022 is $2.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. NEAR Protocol (NEAR) is one of them.

NEAR Protocol is a layer-one blockchain that was built as a community-based cloud computing platform. 

If you are interested in the future of NEAR and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is NEAR Protocol?

As a layer-one blockchain built as a community-run cloud computing platform, NEAR Protocol overcomes issues impacting other blockchains, such as slow transaction rates, low throughput, and poor compatibility. A platform that is conducive to both developers and end users may be established in this way, making it suitable for decentralized applications (dApps). 

Unlike Ethereum’s encrypted wallet addresses, NEAR account names are understandable by humans. NEAR also features an original consensus process called “Doomslug” and innovative approaches to scalability issues. The NEAR Collective is a community of developers, users, and enthusiasts working to improve the NEAR Protocol by fixing bugs in the core code and expanding the platform. 

NEAR Protocol was founded by Erik Trautman. Nightshade is a technology developed by NEAR that drastically increases the speed of business transactions. Nightshade is a variant of sharding that increases the blockchain’s throughput by having several groups of validators process transactions in parallel across different sharded chains.

Human-readable addresses and the ability to create decentralized applications with a registration flow comparable to what users are accustomed to are two ways in which the NEAR Protocol simplifies the otherwise cumbersome onboarding process of other blockchains. In addition, it offers developers modular components, which expedite the launch of projects like token contracts and NFTs.

The NEAR Foundation is a non-profit based in Switzerland that is responsible for the protocol’s governance, as well as its upkeep, ecosystem funding, and leadership. The protocol has also created an intermediary between Ethereum and NEAR, enabling the exchange of ERC-20 tokens between the two networks.

Use cases for the NEAR token include costs associated with handling financial transactions and maintaining a database, operating network validator nodes by staking NEAR tokens, and voting on a policy that controls the distribution of network resources.

NEAR Protocol (NEAR) Current Market Status

With 755,775,027 NEAR in circulation, NEAR Protocol trades at $5.62 at the time of writing. NEAR has a 24-hour trading volume of $528,895,756.74, and during the previous 24 hours, the price of NEAR has increased by 4.7%.

At the moment, the most popular exchanges that trades NEAR Protocol (NEAR) are Binance, Huobi Global, Mandala Exchange, FTX, and OKX. 

NEAR Protocol (NEAR) Price Analysis 2022

Currently, NEAR ranks 22nd on CoinMarketCap’s top list of cryptocurrencies in terms of market capitalization. Will NEAR Protocol’s most recent improvements, additions, and modifications help its price rise? Let’s focus on the charts in this article’s NEAR price forecast first.

NEAR Protocol (NEAR) Price Analysis – Keltner Channel

EAR/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
NEAR/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of NEAR Protocol (NEAR) can be predicted using the Keltner Channel indications for NEAR/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Even after establishing a new uptrend, it is often smart to wait for a downturn or a better entry point to improve the reward-to-risk ratio.

NEAR Protocol (NEAR) Price Analysis – Relative Strength Index

NEAR/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
NEAR/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine whether if it is overvalued or undervalued. The RSI value of the 1-Day chart is 69.77. A movement above 50 indicates that more traders are buying NEAR rather than selling, and are driving the price up. 

NEAR Protocol (NEAR) Price Analysis – Moving Average

NEAR/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)
NEAR/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of NEAR Protocol’s (NEAR’s) 200-day, 100-day, and 50-day Moving Averages (MAs). NEAR is now running sideways. Notably, the NEAR 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bullish. However, the distance between the two moving averages is wide. Because the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term investors.

NEAR Protocol (NEAR) Price Prediction 2022

NEAR/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of NEAR/USDT, NEAR price was swinging from $0.2839 to $5.769 after touching the support level of $2.9-3.4. Bouncing back from the support level, NEAR is now going sideways in the market and slightly forming an uptrend channel to return bullish soon.

Meanwhile, our long-term NEAR price prediction for 2022 is bullish since it cannot break the support level. We can expect NEAR to reach $8 this year. 

NEAR Protocol (NEAR) Price – Resistance and Support Levels

NEAR/USDT 1-Day Chart (Source: TradingView)

This chart shows that the price of NEAR has decreased in the past few months. Moreover, the price of NEAR is up by 13.63% in the past 24 hours after forming an uptrend channel. If this continues, NEAR might keep running bulls, breaking its $6.415 resistance 1 level—eventually moving higher to the $8.

If NEAR cannot break the $6.415 resistance 1 level, the bears may seize control and dethrone NEAR to a downtrend stance. In simple terms, the price of NEAR might fall to almost $2, indicating a negative signal given by the previous support level.

NEAR Protocol (NEAR) Price Prediction 2023 

NEAR will hit $9.5 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $8. The growth will thereafter moderate, but no significant drops are forecast. 

NEAR Protocol (NEAR) Price Prediction 2024 

NEAR price can rise to incredible heights, peaking at $12. This is only feasible if the market continues its upward path and only if NEAR Protocol breaks through the past psychological resistance levels.

NEAR Protocol (NEAR) Price Prediction 2025

NEAR prices might grow to $14.3 during the next three years. Furthermore, hitting this level may not be so tough for NEAR Protocol because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

NEAR Protocol (NEAR) Price Prediction 2026

NEAR prices might grow to $17.966 during the next four years. Furthermore, hitting this level may not be so tough for NEAR because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

NEAR Protocol (NEAR) Price Prediction 2027

NEAR prices might soar to $23.084 in the next five years. Furthermore, hitting this level may not be so tough for NEAR Protocol as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, NEAR Protocol has a strong chance of reaching the previous ATH.

NEAR Protocol (NEAR) Price Prediction 2028

In the next six years, NEAR prices could rise to $29.32. Additionally, reaching this level could not be so difficult for NEAR as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, NEAR Protocol has a strong chance of reaching the previous ATH.

NEAR Protocol (NEAR) Price Prediction 2029

In the next seven years, NEAR prices could rise to $33.56. More so, reaching this level could not be so difficult for NEAR as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, NEAR has a strong chance of reaching the previous ATH.

NEAR Protocol (NEAR) Price Prediction 2030

In the next eight years, NEAR prices could rise to $37.94. More so, reaching this level could not be so difficult for NEAR as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, NEAR has a strong chance of reaching the previous ATH.

Conclusion

As said above, the price of NEAR may even reach above $37.94 if investors have decided that the cryptocurrency is a good investment, along with mainstream cryptocurrencies.   

FAQ

What is NEAR?

As a layer-one blockchain built as a community-run cloud computing platform, NEAR Protocol overcomes issues impacting other blockchains, such as slow transaction rates, low throughput, and poor compatibility. A platform that is conducive to both developers and end users may be established in this way, making it suitable for dApps.

How to buy NEAR tokens?

Like other digital assets in the crypto world, NEAR can be traded on many exchanges. Binance, Huobi Global, Mandala Exchange, FTX, and OKX are currently the most popular cryptocurrency exchanges for trading NEAR. 

Will NEAR surpass its current ATH?

Since NEAR provides investors with a number of opportunities to profit from their crypto holdings, NEAR seems to be a really good investment in 2022. Notably, NEAR has a high possibility of surpassing its current ATH in 2027.

Can NEAR reach $21 soon?

In terms of active crypto assets, NEAR is one of the few that continues to rise in value. As long as this bullish trend continues, NEAR might break through $11.694 and reach as high as $21.68. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is NEAR a good investment in 2022?

As one of the fastest-rising cryptocurrencies, NEAR is expected to continue its rise. We may also conclude that NEAR is an excellent cryptocurrency to invest in this year, given the recent partnerships that have improved its adoption.

What is the lowest price of NEAR?

The lowest price that NEAR has is $0.526, which was tapped on November 04, 2020.

Which year was NEAR launched?

NEAR was launched in 2020.

Who are the co-founders of NEAR?

They are Erik Trautman and Illia Polosukhin.

What is the maximum supply of NEAR?

NEAR has a maximum supple of 1,000,000,000 NEAR.

How do I store NEAR?

NEAR can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the NEAR price in 2023?

NEAR price is expected to reach $9.5 by 2023.

What will be the NEAR price in 2024?

NEAR price is expected to reach $12 by 2024.

What will be the NEAR price in 2025?

NEAR price is expected to reach $14.3 by 2025.

What will be the NEAR price in 2026?

NEAR price is expected to reach $17.966 by 2026.

What will be the NEAR price in 2027?

NEAR price is expected to reach $23.084 by 2027.

What will be the NEAR price in 2028?

NEAR price is expected to reach $29.32 by 2028.

What will be the NEAR price in 2029?

NEAR price is expected to reach $33.56 by 2029.

What will be the NEAR price in 2030?

NEAR price is expected to reach $37.94 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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