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Market Cap
$ 1,994,336,211
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Total Volume
$ 120,333,950
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24 Hour
-1.64%
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7 Day
1.57%
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NEAR Protocol Price Prediction, will NEAR’s price hit $3.24?

NEAR Protocol price prediction, NEAR’s price has dumped by -1.64% in the last 24 hours
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NEAR Protocol
Price Prediction
NEAR Protocol, NEAR could hit $3.24 in 2023
NEAR Protocol’s price prediction for the most bearish scenario will value NEAR at $1.87 in 2023
NEAR Protocol’s previous All Time High was on 16th January 2022 where NEAR was priced at $20.44

NEAR Protocol’s price at the same time last week was $2.57. It has moved by 1.57% in the past week and is currently at $2.34. Infact, in the past 24 hours, NEAR has dumped by -1.64%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and NEAR could hit $5.89 in 2024.

The total circulating supply of NEAR Protocol as of writing this article was $854648293.63 and the marketcap of NEAR remains at $1,994,336,211.

Disclaimer

For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

About NEAR Protocol

 

NEAR Protocol (NEAR): An overview

 

Source: NEAR/Medium


NEAR Protocol is a layer-1 Proof-of-Stake (PoS) blockchain, which is designed to be extremely fast, secure, and scalable. It was launched as a decentralized cloud infrastructure to host decentralized applications (dApps). Infinite scalability is achieved through Nightshade, a unique sharding technology, while the Rainbow Bridge and Aurora, a layer-2 solution, offer cross-chain interoperability. 


NEAR is the native token of the NEAR Protocol, which is used for paying transaction and data storage fees on the network. It is an ERC-20 token with a maximum supply of 1 billion. Token holders can also use NEAR for staking to get rewards or to vote for governance.


 

NEAR Protocol’s journey

 


Source: NEAR/Medium

 

Prior to becoming a blockchain development platform, NEAR, formerly known as Near.ai, was a Machine Learning (ML) project. It was founded in 2017 by Illia Polosukhin, who has more than a decade of industry experience, including three years at Google, and Alexander Skidanov, a computer scientist who worked at Microsoft and later joined memSQL, where he became the director of engineering.


Here’s how it all started and how it’s been going so far:

  • In August 2018, NEAR Protocol was formed
  • In April 2020, the Mainnet Phase 0: PoA Genesis was rolled out
  • In September 2020, Mainnet Phase 1: Restricted took place
  • In October 2020, Mainnet Phase 3: Community Governed took place
  • In April 2021, the Rainbow Bridge was launched
  • In April 2022, NEAR closed a $500M funding round

 

Other key developments

 

Source: NEAR/Medium

 

Despite only being launched in 2020, NEAR has achieved a lot within a short time. Here are some of NEAR’s key developments in the last two years:

  • In February 2021, NEAR and The Graph partnered to bring Indexing and Querying to the NEAR blockchain 
  • In September 2021, Opera, the world’s first browser with Web3 capabilities and a built-in crypto wallet, announced plans to support NEAR Protocol
  • In December 2021, NEAR partnered with Wharton School’s Cypher Accelerator for blockchain growth
  • In December 2021, NEAR partnered with KYVE to bring permanent storage to ecosystem
  • In December 2021, NEAR Foundation and WOO Network completed a $5 million token swap to create a strategic partnership between ecosystems
  • In February 2022, Unchain Fund, a new DAO fund, launched on the NEAR ecosystem to help collect crypto donations for citizens caught up in the conflict in Ukraine. 
  • In February 2022, NEAR Foundation partnered with Elliptic to enhance on-chain security
  • In March 2022, NEAR and SailGP partnered on ground-breaking new sports DAO
  • In March 2022, Orange DAO selected NEAR Foundation as Web3 Startup Partner
  • In November 2022, Binance Custody added NEAR token and NEP-141 Standard to its infrastructure

NEAR Price Analysis


After a move upward in March 2022, a downtrend started dominating NEAR’s charts. The major resistance and support levels stand at $3.0 and $0.98.

 

 

NEAR Weekly Chart


On the weekly price chart, a drop from $17.7 to $3.0 was seen in April 2022, after which a strong bearish momentum followed. 


Due to NEAR being in a downtrend, the Relative Strength Index (RSI) indicates bearish momentum. It was below neutral 50, while the downtrend of the OBV also showed steady selling volume behind the asset since March. The indicators do not yet show a reversal to this downtrend.


The same was seen on the daily chart, which has left little space for bulls in the market. Furthermore, $0.61$0.80$0.98, and $1.30 support levels were found below the $1.72 level between October 2020 to January 2021 on the daily time frame.

 

Should you consider buying NEAR?


Traders can look to buy NEAR at $3.0. Moreover, the $1.5-$2.0 level can be an area where demand can step in. If $3.0 is flipped from resistance to support, bulls might find the momentum necessary for a strong move upward.


NEAR’s recent integration with Binance Custody, aiming to help institutional users easily secure their assets along with other NEP-141 compatible tokens, is an important development for the token.

NEAR Protocol Price Prediction

NEAR Protocol has had an eventful 2021. To simplify the latest NEAR price prediction, we have divided up the prediction by short term NEAR Protocol price prediction and long term NEAR Protocol price prediction. As of writing this article, NEAR had a trading volume of $120,333,950. NEAR Protocol has gone up by 49.03% in the past 30 days.

According to our analysis in the short term, NEAR Protocol price prediction for April 2023 shows the average price of NEAR at $2.00 and the highest possible price for April 2023 would be $2.14.

Further, according to our analysis in the long term, NEAR Protocol price prediction for August 2023 shows the average price of NEAR at $2.35 and the highest possible price for August 2023 would be $2.52.

NEAR Protocol's Short Term Price Prediction

DateAvg PriceLowest PriceHighest Price
7 Feb 2023$2.37$2.20$2.53
8 Feb 2023$2.38$2.21$2.54
9 Feb 2023$2.38$2.21$2.54
10 Feb 2023$2.34$2.18$2.51
15 Feb 2023$2.24$2.09$2.40
20 Feb 2023$2.16$2.01$2.31
2 Mar 2023$2.00$1.86$2.14
April 2023$2.00$1.86$2.14
May 2023$2.09$1.95$2.24
June 2023$2.18$2.03$2.33
July 2023$2.27$2.11$2.42
August 2023$2.35$2.19$2.52
September 2023$2.44$2.27$2.61
October 2023$2.53$2.35$2.70
November 2023$2.61$2.43$2.80
December 2023$2.70$2.51$2.89

NEAR Protocol price prediction 7 Feb 2023: NEAR Protocol’s price for 7 Feb 2023 according to our analysis should range between $2.20 to $2.53 and the average price of NEAR should be around $2.37.

NEAR Protocol price prediction 8 Feb 2023: NEAR Protocol’s price for 8 Feb 2023 according to our analysis should range between $2.21 to $2.54 and the average price of NEAR should be around $2.38.

NEAR Protocol price prediction 9 Feb 2023: NEAR Protocol’s price for 9 Feb 2023 according to our analysis should range between $2.21 to $2.54 and the average price of NEAR should be around $2.38.

NEAR Protocol price prediction 10 Feb 2023: NEAR Protocol’s price for 10 Feb 2023 according to our analysis should range between $2.18 to $2.51 and the average price of NEAR should be around $2.34.

NEAR Protocol price prediction 15 Feb 2023: NEAR Protocol’s price for 15 Feb 2023 according to our analysis should range between $2.09 to $2.40 and the average price of NEAR should be around $2.24.

NEAR Protocol price prediction 20 Feb 2023: NEAR Protocol’s price for 20 Feb 2023 according to our analysis should range between $2.01 to $2.31 and the average price of NEAR should be around $2.16.

NEAR Protocol price prediction 2 Mar 2023: NEAR Protocol’s price for 2 Mar 2023 according to our analysis should range between $1.86 to $2.14 and the average price of NEAR should be around $2.00.

NEAR Protocol price prediction April 2023: NEAR Protocol’s price for April 2023 according to our analysis should range between $1.86 to $2.14 and the average price of NEAR should be around $2.00.

NEAR Protocol price prediction May 2023: NEAR Protocol’s price for May 2023 according to our analysis should range between $1.95 to $2.24 and the average price of NEAR should be around $2.09.

NEAR Protocol price prediction June 2023: NEAR Protocol’s price for June 2023 according to our analysis should range between $2.03 to $2.33 and the average price of NEAR should be around $2.18.

NEAR Protocol price prediction July 2023: NEAR Protocol’s price for July 2023 according to our analysis should range between $2.11 to $2.42 and the average price of NEAR should be around $2.27.

NEAR Protocol price prediction August 2023: NEAR Protocol’s price for August 2023 according to our analysis should range between $2.19 to $2.52 and the average price of NEAR should be around $2.35.

NEAR Protocol price prediction September 2023: NEAR Protocol’s price for September 2023 according to our analysis should range between $2.27 to $2.61 and the average price of NEAR should be around $2.44.

NEAR Protocol price prediction October 2023: NEAR Protocol’s price for October 2023 according to our analysis should range between $2.35 to $2.70 and the average price of NEAR should be around $2.53.

NEAR Protocol price prediction November 2023: NEAR Protocol’s price for November 2023 according to our analysis should range between $2.43 to $2.80 and the average price of NEAR should be around $2.61.

NEAR Protocol price prediction December 2023: NEAR Protocol’s price for December 2023 according to our analysis should range between $2.51 to $2.89 and the average price of NEAR should be around $2.70.

NEAR Protocol's Long Term Price Prediction

NEAR Protocol’s long term Price Prediction below is a look at NEAR’s future prospect with regards to price. NEAR Protocol was last seen at $2.34, with a market cap of $1,994,336,211 and trading volumes of $120,333,950. NEAR’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.

YearsAvg PriceLowest PriceHighest Price
2023$2.70$2.16$3.24
2024$4.91$3.93$5.89
2025$6.24$4.99$7.49
2026$7.92$6.34$9.51
2027$10.06$8.05$12.07
2028$12.78$10.22$15.33
2029$16.23$12.98$19.47
2030$20.61$16.49$24.73
2031$26.17$20.94$31.41
2032$33.24$26.59$39.89
2033$42.21$33.77$50.66
2034$53.61$42.89$64.33

NEAR Protocol price prediction 2023: NEAR Protocol’s price for 2023 according to our analysis should range between $2.16 to $3.24 and the average price of NEAR should be around $2.70.

NEAR Protocol price prediction 2024: NEAR Protocol’s price for 2024 according to our analysis should range between $3.93 to $5.89 and the average price of NEAR should be around $4.91.

NEAR Protocol price prediction 2025: NEAR Protocol’s price for 2025 according to our analysis should range between $4.99 to $7.49 and the average price of NEAR should be around $6.24.

NEAR Protocol price prediction 2026: NEAR Protocol’s price for 2026 according to our analysis should range between $6.34 to $9.51 and the average price of NEAR should be around $7.92.

NEAR Protocol price prediction 2027: NEAR Protocol’s price for 2027 according to our analysis should range between $8.05 to $12.07 and the average price of NEAR should be around $10.06.

NEAR Protocol price prediction 2028: NEAR Protocol’s price for 2028 according to our analysis should range between $10.22 to $15.33 and the average price of NEAR should be around $12.78.

NEAR Protocol price prediction 2029: NEAR Protocol’s price for 2029 according to our analysis should range between $12.98 to $19.47 and the average price of NEAR should be around $16.23.

NEAR Protocol price prediction 2030: NEAR Protocol’s price for 2030 according to our analysis should range between $16.49 to $24.73 and the average price of NEAR should be around $20.61.

NEAR Protocol price prediction 2031: NEAR Protocol’s price for 2031 according to our analysis should range between $20.94 to $31.41 and the average price of NEAR should be around $26.17.

NEAR Protocol price prediction 2032: NEAR Protocol’s price for 2032 according to our analysis should range between $26.59 to $39.89 and the average price of NEAR should be around $33.24.

NEAR Protocol price prediction 2033: NEAR Protocol’s price for 2033 according to our analysis should range between $33.77 to $50.66 and the average price of NEAR should be around $42.21.

NEAR Protocol price prediction 2034: NEAR Protocol’s price for 2034 according to our analysis should range between $42.89 to $64.33 and the average price of NEAR should be around $53.61.

A Historical look at NEAR Protocol, NEAR’s price:

NEAR/USD Pair

NEAR
compare-icon
USD
6 February 2021
2.87
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NEAR
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USD
6 February 2022
12.87
signal-icon
448.81
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NEAR
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USD
7 February 2023
2.34
signal-icon
18.18
trend-icon

NEAR/EUR Pair

NEAR
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EUR
6 February 2021
2.38
signal-icon
NEAR
compare-icon
EUR
6 February 2022
11.24
signal-icon
472.32
trend-icon
NEAR
compare-icon
EUR
7 February 2023
2.18
signal-icon
19.39
trend-icon

FAQs about NEAR Protocol

What is price of NEAR Protocol as of today 7th February 2023?

NEAR Protocol’s current price is $2.34 and witnessed a -1.64% decrease in the past 24 hours. NEAR/BTC pair saw a -2.53% decrease in the past 24 hours.

Is NEAR a good investment?

Investing in NEAR Protocol, NEAR will purely depend on your personal risk appetite. As you can see over the past 24 hours NEAR Protocol’s price has witnessed a -1.64% decrease and over the past 30 days NEAR Protocol has increased by 49.03%. So it all depends on if this investment will hit your trading goals.

How high can NEAR Protocol’s price go this year in 2023?

According to our latest NEAR Protocol Price prediction for 2023, NEAR should vary between $3.24 and $2.16 Please keep in mind that the crypto market is very volatile and this NEAR Protocol price prediction does not account for extreme wild swings in price.

How much will NEAR Protocol be worth in 2023?

As per the NEAR Protocol price prediction undefined model above, NEAR’s price for undefined should range between $undefined to $undefined with the average price for undefined being $undefined.

How much will NEAR Protocol be worth in 2024?

According to the NEAR Protocol Price Prediction model above, NEAR’s price in 2024 would be $4.91. This price would however would range from $5.89 and $3.93.

How much will NEAR Protocol be worth in 2025?

According to the NEAR Protocol Price Prediction model above, NEAR’s price in 2025 would be $6.24. This price would however would range from $7.49 and $4.99.

How much will NEAR Protocol be worth in 2026?

According to the NEAR Protocol Price Prediction model above, NEAR’s price in 2026 would be $7.92. This price would however would range from $9.51 and $6.34.

How much will NEAR Protocol be worth in 2027?

According to the NEAR Protocol Price Prediction model above, NEAR’s price in 2027 would be $10.06. This price would however would range from $12.07 and $8.05.

How much will NEAR Protocol be worth in 2028?

According to the NEAR Protocol Price Prediction model above, NEAR’s price in 2028 would be $12.78. This price would however would range from $15.33 and $10.22.

How much will NEAR Protocol be worth in 2029?

According to the NEAR Protocol Price Prediction model above, NEAR’s price in 2029 would be $16.23. This price would however would range from $19.47 and $12.98.

How much will NEAR Protocol be worth in 2030?

According to the NEAR Protocol Price Prediction model above, NEAR’s price in 2030 would be $20.61. This price would however would range from $24.73 and $16.49.

How much will NEAR Protocol be worth in 2031?

According to the NEAR Protocol Price Prediction model above, NEAR’s price in 2031 would be $26.17. This price would however would range from $31.41 and $20.94.

How much will NEAR Protocol be worth in 2032?

According to the NEAR Protocol Price Prediction model above, NEAR’s price in 2032 would be $33.24. This price would however would range from $39.89 and $26.59.

How much will NEAR Protocol be worth in 2033?

According to the NEAR Protocol Price Prediction model above, NEAR’s price in 2033 would be $42.21. This price would however would range from $50.66 and $33.77.

How much will NEAR Protocol be worth in 2034?

According to the NEAR Protocol Price Prediction model above, NEAR’s price in 2034 would be $53.61. This price would however would range from $64.33 and $42.89.

What was the highest price of NEAR Protocol?

The highest price for NEAR Protocol was recorded in 16th January 2022 during which NEAR hit an All Time High of $20.44

What is the price of 1 NEAR Protocol?

The price of 1 NEAR Protocol according to current market rate is $2.34