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NEAR Protocol Price Prediction 2024-2030: Is NEAR Protocol a Good Investment?

Key takeaways

  • NEAR Protocol (NEAR) is currently navigating fluctuations in its price dynamics, with recent movements suggesting a balance between the bulls and the bears.
  • NEAR price prediction presents an optimistic outlook, projecting NEAR to surge to $20 by the end of 2024 and reach $33 by the conclusion of 2027.
  • Looking ahead to the year 2030, NEAR Protocol could potentially witness a significant surge, with its price potentially reaching $100 or beyond.

In the United States and beyond, sentiment towards NEAR Protocol is gradually turning bullish, as investors and developers recognize its potential to revolutionize various sectors through decentralized innovation. This growing confidence bodes well for NEAR’s long-term price trajectory and ecosystem expansion.

Overall, the prevailing sentiment within NEAR Protocol’s community is one of cautious optimism, with stakeholders closely monitoring its progress and evolution. As NEAR continues to advance its technology and forge strategic partnerships, questions surrounding its price potential persist, inviting further analysis and exploration of its future prospects.

NEAR Protocol Overview

Market Cap$3,290,953,950 
Price Change (24 hours)-1.16%
Trading Volume (24 hours)$174,366,360 
Price change (7 days)-8.62%
All-time high(Jan 17, 2022) $20.42
All-time low(Nov 04, 2020)$0.5024
From ATH-83.96%
From ATL522.79%
Circulating Supply1.1B EOS

NEAR Protocol Price Prediction: Technical Analysis

MetricValue
Volatility-5.29%
Sentiment Bullish
50-Day SMA $6.81 
200-Day SMA $4.37 
Price Prediction$17.28 (119.28%)
F & G Index 23.63 (extreme fear)
Green Days 10/30 (34%)
14-Day RSI 61.61

NEAR Protocol Price Analysis

NEAR/USDT technical indicators by TradingView

Near Protocol price analysis for today, May 28, shows that the price has made a quick recovery from the $7.760 mark and the bulls move to meet the $8.00 resistance again. The buying pressure is strong is present, with a surge of more than 2.69%. The bullish sentiment has been fuelled by buying activity from the traders. This has allowed the token to remain above the crucial $7.50 level for the day.

The support for NEAR/USD remains strong at $7.61, a key level for the bulls to hold on to. A break below this level could cause prices to fall back into a bearish trend. On the other hand, if traders can push prices above $8.000, they will be in an advantageous position and likely be able to push the token further towards the $8.65 level.

NEAR Protocol Price Prediction: NEAR stumbles after bulls fail to cross $8.50

The MACD is currently bearish as expressed in the red colour of the histogram. However, the indicator only shows low momentum as observed in the short depth of the histogram. Moreover, the lighter shade suggests an increasing bullish pressure across the charts as the price action observes rising volatility across the short-term charts.

The EMAs are trading close to the mean position as net price movement over the last ten days remains low. Currently, the EMAs are trading close to each other showing low bearish momentum at press time. Moreover, the converging EMAs suggest a decreasing bearish momentum.

The RSI has returned to the center of the neutral region as the price action returns to the $7.950 level. At press time, the indicator trades close to the mean at the 50.00 index level as the price suggests low pressure from either side of the market while the downwards slope suggests low activity across the markets.

The Bollinger Bands are currently expanding as the price action increases volatility across the short-term charts. Moreover, the bands will continue converging as the price consolidates around the $7.800 mark. At press time, the bands’ lower limit provides support at the $7.690 mark while the upper limit presents a resistance level at the $8.297 mark.

4-hour NEAR/USDT analysis

Overall, the 4-hour NEAR price analysis issues a buy signal at press time with 14 indicators supporting the bulls. On the other hand, only four of the indicators support the bears showing a low bearish presence. At the same time, eight indicators sit on the fence and support neither side of the market. 

The 24-hour NEAR price analysis shares this sentiment and also issues a buy signal with 14 indicators supporting the bulls against only two supporting the bears. The analysis shows bullish dominance across the mid-term charts with a strong bullish presence at the current price level. Meanwhile, the remaining 10 indicators remain neutral and do not issue any signals at press time.

NEAR Protocol Technical Indicators: Levels And Action

Daily Simple Moving Average (SMA)

NameValueAction
SMA (10)$7.94SELL
SMA (20)$7.62BUY
SMA (30)$7.35BUY
SMA (50)$6.95BUY
SMA (100)$6.37BUY
SMA (200)$4.56BUY

Daily Exponential Moving Average (EMA)

NameValueAction
EMA (10)$7.86SELL
EMA (20)$7.65BUY
EMA (30)$7.45BUY
EMA (50)$7.11BUY
EMA (100)$6.31BUY
EMA (200)$5.13BUY

What to expect from NEAR Protocol price analysis

NEAR/USD 4-hour price chart; TradingView

The NEAR Protocol price analysis shows that the market is experiencing strong bearish momentum, causing the price to decline from the $7.20 mark to the $5.90 mark. The bulls found strong support at $6.00 and managed to push the price back up to $7.00 before encountering resistance at $8.50.

Traders should expect NEAR to continue its bullish rally, but it may need to consolidate at the current level as bulls take a brief rest. The strong trade volume suggests increasing activity, indicating a robust force behind the recent push. In the short term, the price is expected to fluctuate between $7.40 and $8.60.

Currently, the closest support level is at $7.75, while NEAR Protocol faces difficulty moving past the $8.20 level.

Is Near Protocol a good investment?

NEAR Protocol distinguishes itself in the cryptocurrency market with its emphasis on scalability, usability, and developer-friendliness. It aims to facilitate the creation of decentralized applications (dApps) and smart contracts, catering to both developers and end-users. NEAR’s innovative technology and user-centric approach make it attractive for mainstream adoption of blockchain applications.

With a focus on user experience and developer tools, NEAR Protocol is positioned to drive significant growth in the decentralized application ecosystem. Its potential to disrupt traditional industries and capture market share in the blockchain space makes it an intriguing investment opportunity for those interested in innovative technology solutions.

Near Protocol Recent News/Opinions

The Protocol is conducting an AMA session to answer community questions and expand on their ideas regarding LiNEAR and its role in the future of Web3.

NEAR Price Prediction 2024

YearMinimum PriceAverage PriceMaximum Price
20246.5214.5316.06

Our NEAR protocol price forecast for 2024 is expected to trade at a minimum price of $6.52, with an average of $14.53, and a maximum price of $16.06 by the end of 2024.

NEAR Price Prediction 2025-2030

YearMinimum Price ($)Average Price ($)Maximum Price ($)
202515.67 17.87 18.57 
202621.43 25.40 26.57 
202728.08 31.42 32.78 
202834.64 36.72 38.77 
202949.26 51.95 54.00 
203071.13 74.83 76.42 

The NEAR forecast for 2025 suggests a continuation of price rise with a minimum value of $15.67, an average price of $17.87, and a maximum value of nearly $18.57.

NEAR Price Prediction 2026

The NEAR Protocol technical analysis and projections for 2026 anticipate the minimum price to be around $21.43, with an average trading price of $25.40, and a maximum value of nearly $26.57 by the end of 2026.

NEAR Price Prediction 2027

In 2027, NEAR price prediction for 2027 estimates Near protocol’s price to be trading at a minimum price of $28.08, with an average price of $31.42, and a maximum price value nearly reaching $32.78 by the end of 2027.

NEAR Price Prediction 2028

The NEAR Protocol price prediction for 2028 suggests the bullish sentiment will continue with a minimum price of $34.64, an average trading price of nearly $36.72, and a maximum value of $38.77 by the end of 2028.

NEAR Price Prediction 2029

In 2029, NEAR protocol price prediction forecasts NEAR to be trading at a minimum of $49.26, with an average price of nearly $51.95, and a maximum value of $54.00 by the end of 2029.

NEAR Price Prediction 2030

The NEAR Protocol forecast for 2030 suggests a sustained bullish sentiment with a minimum value of $44.12, an average trading price of nearly $76.42, and a maximum value of $55.44 by the end of 2030.

NEAR Price Prediction by Analysts

Firm20242025
Coincodex$ 23.79$ 34.28
DigitalCoinPrice$14.53 $17.87

Cryptopolitan’s NEAR Protocol (NEAR) Price Prediction

At Cryptopolitan, we are bullish on NEAR Protocol’s future price as the market sentiment is extremely impressive. By the end of 2024, NEAR Protocol might record a maximum price of $16.06, with a minimum price of $6.52 and an average price of $14.53

We expect NEAR price to create a high of $16.06 by the end of 2024

NEAR Protocol Historic Price Sentiment

  • The Near Protocol (NEAR) began its journey in August with a vision of creating a scalable and permissionless blockchain. In October 2020, the first known trade value for NEAR was recorded at $1.072. NEAR then saw a recovery, closing the year with an annual trade price of $1.459.
  • The year 2021 Near Protocol price movements show an uptrend, as NEAR began trading at $1.305. By March 13th, it reached a new all-time high (ATH) of $7.572. However, a prolonged downward movement in the market pushed the price down to $1.537 by July 19th. An upward trend followed, driving the price to $11.776 on September 9th and further to $13.168 on October 26th.
  • In 2022 NEAR saw its price crash down to below the $2.00 mark, a decline of over 90% of its peak value.
  • 2023 saw NEAR maintain an almost horizontal line as the price volatility remained low with NEAR sticking below the $2.50 mark till the year end.
  • Since the start of 2024, NEAR has observed an incredible recovery with the price rising to $7.80 and only expected to go higher as the months pass.

Despite occasional setbacks, including market corrections and regulatory uncertainties, NEAR Protocol demonstrates resilience and potential for sustained growth. With a vibrant community and robust technological infrastructure, NEAR remains well-positioned to capitalize on emerging opportunities in the blockchain space.

FAQs

What is the future of the NEAR Protocol?

The future of the NEAR Protocol is highly dependent on the overall performance of the crypto industry. When investing in NEAR, you must use the right strategy. This investment type is unsuited for those with an asymmetric risk profile. However, it is still an excellent investment for those with a high-risk tolerance and a solid financial position. In addition to its speculative nature, NEAR offers exposure to global technology and an ever-growing ecosystem.

What is a good project summary for NEAR?

NEAR is a sharded, public, proof-of-stake blockchain and smart contract platform. It is built in Rust, and contracts compile to WASM. It is conceptually similar to Ethereum 2.0.

What's special about NEAR?

NEAR is the blockchain for builders. Suppose you understand the basics of web development. In that case, you can write, test and deploy scalable decentralized applications in minutes on the most developer-friendly blockchain without learning new tools or languages.

Is NEAR Protocol (NEAR) a good investment?

NEAR Protocol's value is expected to expand as shortage tends to encourage price rises. Please note there is some risk to any investment. Just invest in what you can accomplish before coming to any conclusions and conduct the maximum research possible.

What problem does NEAR Protocol solve?

NEAR Protocol aims to resolve the bandwidth-sharing problem between users and telecom providers using blockchain technology.

How long do NEAR transactions take?

The process takes somewhere in the order of 100,000 transactions per second (tps) and achieves transaction finality near-instantly thanks to a 1-second block cadence.

What is the block size in NEAR Protocol?

The NEAR Protocol wants a large pool of participants (called witnesses) to make decisions during a specific time (set to 1 day). Every interval splits into block slots, which are 1440 slots per minute. The number of witnesses is set at 1024 per block.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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