Near Protocol Price Prediction $100: Will Near Protocol Reach $100? – Spaxton School

Read our detailed Near Protocol Predictions and Answers to the questions – Will Near Protocol reach $1000, or $100?

Latest Near Protocol Price

Near Protocol Price Performance So Far

Last 7 Days	+13.1%
Last 1 Month	-8.9%
Last 12 Months	+37.6%
Since Launch (2020)	+86.1%

Near Protocol has been trading above $3 for over 48 hours now. What are the signals?

NEAR has been facing resistance at $3.20 and despite multiple attempts by the buyers, the NEAR failed to break above $3.20. On the flip side, $3.10 is the first level of support for the asset. It has been defended by the buyers, but in the event of a breakout below this level, $3 will be the next level of support for the NEAR Protocol coin price.

Technically, the outlook surrounding the asset is positive but there is the least possibility of NEAR breaking above $3.20 in the next 24 hours. NEAR is expected to trade within the narrow price range of $3.10 and $3.20.

UTC: Feb 23rd, 2024 06:27 AM

• Near Protocol Price Prediction in the next 24 hours is between $3.17 and $3.30
• Near Protocol Price Prediction this week is between $3.00 and $3.53

NEAR DeFi

• TVL: $105.9M
• Last 7 days: +14.8%
• Last 1-month: +96.8%

Near Protocol Price Prediction 2024-2025-2030, Aggregated

• Near Protocol Price Prediction 2024 is $4.31
• Near Protocol Price Prediction 2025 is $5.67
• Near Protocol Price Prediction 2026 is $7.23
• Near Protocol Price Prediction 2027 is $8.46
• Near Protocol Price Prediction 2028 is $10.7
• Near Protocol Price Prediction 2029 is $15.1
• Near Protocol Price Prediction 2030 is $20.9

Near Protocol Price Prediction $1000: Can Near Protocol Reach $1000?

Yes, Near Protocol can reach $1000 only if 90% of the Tokens were destroyed.

NEAR token will need to grow by around 316 times to reach the price target of $1000. Further, at $1000, Near Protocol’s market cap would be $1.03 Trillion. If NEAR Coin were to grow at the rate of 25% every year, it would take 26 years to reach $1000. Let us evaluate this

• Quality of Investment– Moderate
• Time and Growth required to reach $1000– Not Feasible
• Market Cap at $1000– Not Feasible

Looking at the above, it looks like Near Protocol has a very low chance of reaching $1000. However, if 90% of the tokens were destroyed, the chances of NEAR reaching $1000 will increase significantly.

• Quality of Investment– Moderate
• Time and Growth required to reach $100– Not Feasible
• Market Cap at $100– Not Feasible

Looking at the above, it looks like Near Protocol has a very low chance of reaching $100. However, if 50% of the tokens were destroyed, the chances of NEAR reaching $100 will increase significantly.

Near Protocol Price Prediction 2024: Is Near Protocol A Good Investment?

The NEAR Protocol is a decentralized, sharded, proof-of-stake blockchain platform that enables developers to build decentralized applications (dApps). Developers can build and deploy smart contracts and dApps using familiar programming languages like Rust, AssemblyScript, and TypeScript. It also features an SDK (Software Development Kit) that allows developers to easily create, test, and deploy smart contracts and dApps on the platform.

NEAR Protocol addresses the key problems faced by current platforms and their developers by prioritizing usability, both for end-users and developers. NEAR uses Web Assembly (WASM), which can be compiled from popular languages, and supports contracts written in AssemblyScript. NEAR also supports developer monetization by natively rewarding them with rebates based on the usage of open components.

The platform supports projects and DAOs, offering venture support, building a strong technical base, creating regional hubs, and providing Web3 career opportunities. There are currently 750 active projects and 125 DAOs on the platform. NEAR’s ecosystem offers financial support, advice, and networking to projects to help them become thriving businesses. The ecosystem provides several funding options, such as ecosystem grants, accelerators and incubators, community-led DAOs, and venture capital.

Key features

• NEAR offers a developer-friendly environment with a range of tools, libraries, and frameworks.
• It supports multiple programming languages and provides a familiar development experience for building decentralized applications (dApps).
• NEAR aims to enhance user adoption by providing user-friendly wallets that simplify the onboarding process.
• The Protocol implements a fee model called “gas,” where users pay for transaction execution and storage.
• NEAR incorporates a governance mechanism that enables token holders to participate in the decision-making process.
• NEAR fosters a vibrant ecosystem by supporting developer grants, hackathons, and community initiatives.
• It aims to encourage innovation and attract talented developers to build on top of the protocol, fostering the growth of the NEAR ecosystem.

Benefits of Near Protocol

• Near Protocol is designed to be scalable, enabling it to support a large number of transactions per second (TPS) and handle the needs of high-performance dApps.
• Its fee structure is designed to keep transaction costs low, making it affordable for users to interact with dApps on the platform.
• Near Protocol provides a user-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, and it utilizes advanced cryptography to protect against malicious attacks.
• Near Protocol is designed to be more energy-efficient than other blockchain platforms, making it a more environmentally sustainable option for users and developers.

Near Protocol partnered with Arbitrum and Ethereum layer-2 scalability solution. The Protocol announced a collaboration with Arbitrum to enhance Ethereum Rollup development.

In 2023, the NEAR ecosystem experienced growth in several areas despite a challenging market environment. Key developments included the launch of the Blockchain Operating System (B.O.S.) and NEAR DA. The ecosystem reported 7 million monthly active accounts, 35 million total accounts, and an average of over 2 million daily transactions. Four of the top ten Web3 apps listed by DappRadar are built on NEAR, with the platform consistently attracting over a million daily active users.

Technological advancements in the NEAR ecosystem in 2023 comprised the introduction of B.O.S. for building decentralized on-chain frontends, FastAuth for streamlined account creation, and the NEAR QueryAPI for serverless infrastructure services. The year also saw initiatives aimed at aligning with Ethereum, such as a collaboration on a zkWASM prover and a partnership to develop a fast finality layer for Ethereum rollups. NEAR DA was launched as a data availability layer compatible with L2s.

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 primary use cases of NEAR tokens:

• Users can pay transaction fees on the Near platform using the NEAR crypto.
• NEAR tokens are used as collateral for storing data on the network.
• NEAR tokens can be staked to earn rewards.
• NEAR token holders can participate in the governance of the platform.

Overall, while NEAR appears to be more developer-friendly and perhaps more efficient, it does not have a huge competitive advantage when compared to other blockchain platforms. This makes NEAR a Moderate case for Investment so far.

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Note: collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.