NEAR tokens remain largely subdued after starting the year at an all-time high of around $20. The crypto currently trades more than 60% lower in what is attributed to a volatile market.
NEAR blockchain recently entered the stablecoin business with the launch of USN soft-pegged to the USD. Look no further if you are looking for NEAR price predictions for 2022-2025. We will look at the recent pricing to see what to expect from the future price changes.
What is NEAR protocol?
NEAR Protocol is a decentralized layer-one blockchain for dApps. The network’s ecosystem is powered by the NEAR token, which is used as a medium of exchange. NEAR digital assets are used for supporting DApp transactions and staking.
NEAR debuted as a proof-of-stake consensus computing platform with a blockchain generating system called Doomslug. Nightshade’s blockchain sharding design is synchronized into the blockchain for network scalability and better throughput.
NEAR is interoperable with other blockchains through the Rainbow Bridge. The network has two distinct and autonomous layers; a blockchain layer and a runtime layer. The blockchain layer operates its virtual machine with specified fees, while the runtime layer manages the transactions in the network.
NEAR was founded to enable developers to build decentralized, easily scalable applications. The blockchain project was introduced in 2018 by founders Alexander Skidanov and Illia Polosukhin. The NEAR foundation released the mainnet in April 2020.
NEAR enhances the development of decentralized applications through its NEAR Grants Program. The program focuses on decentralized finance projects, NFTs, Decentralized Autonomous Organizations, and gaming. NEAR’s backers include major capital firms like Alameda Research, AU21 Capital, Coinbase Ventures, and Three Arrows Capital.
NEAR protocol: should you invest in NEAR today?
According to our daily chart outlook, NEAR is currently trading at a crucial support zone of around $6. The Relative Strength Index is at 27, showing that the token is oversold and could reverse the trend in the short term.
The MACD shows a strong bearish momentum crossing above and below the signal line. If the price can clear above the support zone with a change of sentiment, then the token could see a bullish momentum, and the reverse is true.
Will NEAR reach 100 USD in 2022?
- Our 2022 price prediction for these tokens is $15 at a maximum and $10 at a minimum. On average, the tokens are expected to trade at around $8 in the year.
- The price is projected to rise to about $20 at a maximum in 2023 and $14 at a minimum. The tokens are projected to trade at about $10 throughout the year.
- Our in-depth analysis put NEAR tokens at a potential price gain of $30 in 2024 and a minimum of $18. The average trading price in the period is expected to be about $15.
- The 2025 price prediction and forecast for this crypto is projected to be $40 at a maximum high and $32 at a minimum. The tokens are expected to trade at $20 at a minimum.
NEAR past price analysis
CoinMarketCap ranks this crypto at Number 21 with a market capitalization of $4,717,630,390.28. The token’s emission is inflationary with a supply cap of 1,000,000,000. There are currently 688,659,904 circulating NEAR tokens.
NEAR token supply is allocated as follows:
- Project investors – 23.7%
- Ecosystem Grants – 17.2%
- Developer team – 14%
- Operations Grants – 11.4%
- Early ecosystem – 11.7%
- Foundation – 10%
- Community sale – 12%
From the latest price data, NEAR is currently trading at $6.75 after a 9.16% jump in the past day and a drop of 37.11% in the past week. The monthly price outlook reveals that it has dipped 58.63% from a high of $16. The past three months have also seen a price drop from $10.5 to $6.63, equivalent to a 36.86% change.
NEAR price is up slightly by 12.37% but more than 50% down from a high of $14.7 year-to-date. Generally, NEAR is exchanging for 66% down since peaking at an all-time high of $20.2 in January 2022.
Staking NEAR tokens
NEAR blockchain applies a consensus model that allows validators to stake a specified amount of tokens as collateral to secure the network. Validators are presented as nodes that complete blocks and update the transactions. The nodes receive rewards every epoch or 12 hours.
Want to buy NEAR?
It is available on major exchanges, including Binance, Huobi Global, Mandala Exchange, FTX, and OKEx. The tokens are listed against USDT, BUSD, and BTC. If you wish to purchase the tokens, follow these steps:
Create an account with Binance on Binance Website or the app.
Buy stablecoins like USDT, BUSD, and USDC from your Binance wallet using the various available options, including the P2P option, Visa or MasterCard. You may also use fiat deposits like EUR or AUD directly from your bank account.
Exchange your stablecoins for NEAR tokens by clicking on ‘Markets’ and choosing Limit order or spot market.
Click confirm and complete the trade.