The global cryptocurrency market has been quite generous toward emerging protocols and their native assets. Near Protocol is one such asset that has seen its status rise steadily. With faster transaction speeds, climate neutrality, and lower transaction fees, Near Protocol’s advantages have been further solidified.
NEAR is the native token of the Near Protocol, used to complete transactions and participate in staking activities on the network.
This altcoin has an impressive return on investment (ROI) of 811.75%. Are you considering adding NEAR to your investment portfolio but uncertain about its returns? Look no further—we’ll provide a detailed NEAR price prediction from 2024 to 2025 and beyond!
NEAR Price Prediction 2024
If the team behind Near Protocol continues to release the necessary solutions for the framework while hosting community-driven initiatives, the project could see significant growth.
The third phase of sharding is planned for 2024, which will adjust the number of shards based on supply and demand dynamics. If optimism from Bitcoin’s halving event also comes into play, NEAR’s price could soar to a peak of $14.56.
On the downside, factors like regulatory crackdowns could push the price down to $3.66. As a result, following a linear trajectory, the average price might find a benchmark around $10.61.
NEAR Price Prediction for 2025
Increasing environmental concerns and the growing demand for decentralization could be pivotal for NEAR’s price movement. These factors could lead to a surge in adoption and partnerships, driving NEAR up to $20.02.
On the other hand, negative criticism and the emergence of potential competitors might drag the price down to $9.21. In the absence of satisfying initiatives, the average price could settle at $14.61.
NEAR Protocol Price Prediction for 2026
According to our analysts, Near Protocol’s price in 2026 could range between $13.96 and $26.65, with an average trading price of around $20.30.
What is Near Protocol?
Near Protocol is a decentralized network that employs a Proof-of-Stake (PoS) consensus mechanism. The network is a climate-neutral, high-speed, low-fee Layer-1 blockchain. Its goal is to create a scalable ecosystem accessible to a broader audience.
Near Protocol is compatible with other protocols such as Ethereum, Polkadot, and Cosmos, allowing for seamless asset flow and communication between networks.
The network uses its sharding technology, called Nightshade, and has been utilizing Doomslug, which provides solutions for scaling issues.
Fundamental Analysis
Near Protocol was founded by Alexander Skidanov, along with co-founders Illia Polosukhin and Erik Trautman. Alexander Skidanov is a computer scientist who previously worked at Microsoft and later joined MemSQL. Illia Polosukhin was a major contributor to TensorFlow at Google, and Erik Trautman has experience on Wall Street and is the founder of Viking Education.
The Near Protocol mainnet went live in April 2020. Validators voted to unlock token transfers in October 2020. The network serves as a community-driven cloud infrastructure for deploying and running decentralized applications (dApps). The protocol offers both decentralized databases and a serverless computing platform.
NEAR is the primary native asset of the ecosystem. It is used to complete transactions, store data, and participate in staking and governance programs. The total supply cap of NEAR tokens is 1.2 billion, with a current circulating supply of 1,117,423,027 tokens.
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