Can NEAR Protocol reach $1000, $100? NEAR Protocol Price Prediction 2023-2030

Near Protocol Latest Price

Near Protocol Price Performance So Far

Last 7 Days	+2.6%
Last 1 Month	+44.3%
Last 12 Months	+8.0%
Since Launch (2020)	+9.4%

NEAR DeFi

• TVL: $49.3M (Declined)
• Last 7 days: +1.4%
• Last 1-month: +1.9%

Total Transactions: 499M, Transaction Trend: Negative

NEAR Protocol achieves a significant milestone by surpassing Ethereum and Bitcoin in crucial activity metrics, including daily active addresses, as per the latest data by The Defiant.

Near Protocol Price Prediction Today, Tomorrow and Week

• Near Protocol Price Prediction in the next 24 hours is between $2.21 and $2.31
• Near Protocol Price Prediction this week is between $2.01 and $2.43

Near Protocol Price Prediction 2023-2025-2030, Aggregated

• Near Protocol Price Prediction 2023 is $2.34
• Near Protocol Price Prediction 2024 is $3.60
• Near Protocol Price Prediction 2025 is $4.97
• Near Protocol Price Prediction 2026 is $6.54
• Near Protocol Price Prediction 2027 is $7.76
• Near Protocol Price Prediction 2028 is $10.3
• Near Protocol Price Prediction 2029 is $14.7
• Near Protocol Price Prediction 2030 is $20.5

Can Near Protocol Reach $1,000?

NEAR token will need to grow by around 600 times to reach a price level of $1000. Also, NEAR’s all-time high value is $20.18, during which it grew by 11.59 times in 6 months. Thus, considering its 1.93 times growth in one month, we can say that Near Protocol will need a minimum of 221 months (more than 18 years) to reach $1000. This is impossible to attain.

Further, at $1000, Near Protocol’s market cap would be $1.5 Trillion (half that of Apple’s Market Cap today). This too is not feasible

The only way NEAR protocol will be able to reach $1000 is by burning a larger proportion of the Tokens (Say 90%)

Will Near Protocol Reach $100?

NEAR crypto needs to grow by 60 times to reach $100. As it has shown a 1.93 times growth in one month (as calculated above), NEAR crypto will need roughly 33.21 months (less than 3 years).

Again, the macroeconomic factors and liquidity conditions are not similar to those when it reached its all-time high. Therefore, NEAR cannot be expected to show a similar growth that has been shown during that time. Therefore, it will certainly need much more time to reach a price level of $100, even when the economic factors ease out.

Will Near Protocol Reach $10?

To reach a price of $10, NEAR needs to grow by 6 times. Note that, NEAR crypto reached its all-time high price of $20.18 in January 2022, where it grew by 11.59 times in just 6 months (from the lowest value of $1.74 in July 2021). Hence, it grew by around 1.93 times in one month. Thus, NEAR just requires 3.32 months to reach a price level of $10.

However, the current market situation of liquidity and inflation is definitely not in favor of the crypto market. Therefore, it cannot even reach $10 in the time calculated above. Nonetheless, reaching $10 is a comparatively easy target for NEAR crypto if we go by its past price movements.

Can Near Protocol reach $1,000? What is Near Protocol?

NEAR Protocol is a scalable, decentralized blockchain platform for creating dApps and smart contracts. It promotes developer-friendly tools and languages and focuses on usability for developers and users. NEAR supports projects and DAOs with financial aid and advice, fostering a vibrant ecosystem. It implements a gas fee model and enables platform governance via its native token, NEAR. Despite its features and efficiency, its competitive edge is moderate, making it a reasonable investment choice.

Near Protocol Price Prediction 2023: 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 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 poor case for Investment so far.

Also Read: Dent Price Prediction and Cardano Price Prediction

Note: Crowdwisdom360 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. 

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