NEAR Protocol is a blockchain platform designed to be scalable, allowing it to support a large number of transactions per second and manage the needs of high-performance dApps. Its commission structure is designed to keep transaction costs low, making it accessible for users who interact with
dApps on the platform.
NEAR Protocol offers a developer-friendly development environment with support for various programming languages and tools. The platform is built with interoperability in mind, allowing it to integrate with other blockchain networks and traditional systems.
Its architecture is designed to ensure high security and protect user data, using advanced cryptography to protect against malicious attacks
.
NEAR is the native token of the NEAR platform and has a maximum supply of 1,000,000,000 NEAR tokens. The following are the main functions of NEAR tokens:
- Users can pay transaction fees on the NEAR platform using the NEAR cryptocurrency.
- NEAR tokens are used as collateral to store data on the network.
- NEAR tokens can be staked to earn rewards.
- NEAR token holders can participate in the governance of the platform.
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Near Protocol Price Performance So Far
- Last 7 Days: +25.9%
- Last Month: +108.6%
- Last 12 Months: +25.3%
- Since Start (2020): +24.2%
Near DeFi and Performance Data
- TVL (Total Value Locked): $55.7M
- Past 7 Days: +15.6%
- Last Month: +62.4%
- Total Transactions: 471.1M
- Transaction Trend: Positive
Binance Research reported that NEAR Protocol experienced an increase in daily average active addresses, exceeding 650,000 in September. This number exceeded the daily active addresses of both Ethereum and Solana over the same period, in contrast to a decrease in other protocols
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Near Protocol Price Forecasts
- Price Prediction for the Next 24 Hours: $1.95 — $2.16
- Price Prediction for the Week: $2.00 — $2.07
Near Protocol Price Forecasts 2023-2025-2030
- Price prediction for 2023: $2.24
- Price prediction for 2024: $3.48
- Price prediction for 2025: $4.85
- Price prediction for 2026: $6.42
- Price prediction for 2027: $7.64
- Price prediction for 2028: $10.2
- Price prediction for 2029: $14.6
- Price prediction for 2030: $20.4
Near Protocol: Will it reach $1,000?
For NEAR to reach $1,000, the token will need to grow about 600 times. However, considering its 1.93-fold growth in a month, NEAR would need at least 221 months (more than 18 years) to reach $1,000. This is impossible to achieve.
Additionally, at $1,000, Near Protocol’s market capitalization would be $1.5 trillion (half of Apple’s today), which isn’t feasible.
Near Protocol: Will It Reach $100?
To reach $100, NEAR will need to grow 60-fold. Considering its growth of 1.93 times in a month, NEAR will need approximately 33.21 months (less than 3 years). However, macroeconomic and liquidity conditions are not similar to when it reached its all-time high, so NEAR will need much longer to reach $100
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Near Protocol: Will it reach $10?
To reach $10, NEAR must grow 6-fold. Considering that NEAR reached its all-time high of $20.18 in January 2022, growing 11.59 times in just 6 months, NEAR will only take 3.32 months to reach $10. However, the current market situation in terms of liquidity and inflation is not favorable to the crypto market. Therefore, it cannot reach even $10 in the calculated time. However, reaching $10 is a relatively easy goal for NEAR when we consider its past price movements
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Near Protocol Assessment in 2023: Is It a Good Investment?
The NEAR Protocol is a decentralized, shardata, and proof-of-stake blockchain platform that allows developers to build dApps. The platform addresses the key issues faced by current platforms and developers, giving priority to usability, both for end users and developers. NEAR uses Web Assembly (WASM), supports contracts written in AssemblyScript, and offers an SDK that allows developers to easily create, test, and deploy smart contracts and
DApps on the platform.
NEAR Protocol has a vibrant ecosystem that offers financial support, consulting, and networking to projects to help them become prosperous companies. The ecosystem provides diverse funding options, such as ecosystem grants, accelerators and incubators, community-managed DAOs, and
venture capital.
In summary, while NEAR seems more developer-oriented and perhaps more efficient, it doesn’t have a huge competitive advantage over other blockchain platforms. This makes NEAR a hitherto unexceptional investment case.
