In the words of the team behind the project, NEAR is a chain abstraction stack, empowering builders to create apps that scale to billions of users across all blockchains.
It is a community-run cloud computing platform designed to provide high transaction speeds, large throughput, and excellent interoperability.
This article is your one-stop guide to understanding the Near protocol and its gas token NEAR. I will discuss the important features of the platform, and the economics of its token, and give you expert price forecasts.
In the end, I will also add how you can buy the tokens. Let’s dive in without any further ado.
Near Protocol Key Features
| Nightshade Technology | NEAR protocol uses Nightshade, which allows the processing of multiple transactions together, significantly improving the throughput. |
| Transaction Finality | NEAR maintains a one-second block cadence, ensuring quick confirmation. |
| Low Transaction Fees | NEAR has practically zero transaction fees. |
| Pragmatically secure | The protocol is secure enough for high-value assets all the while remaining performant for everyday use. |
Near Protocol (NEAR) Tokenomics
At launch, 1 billion NEAR were minted. The initial distribution of token went like this:
Community Grants and Programs: 17.20%
Core Contributors: 14.00%
Community Sale: 12.00%
Early Ecosystem: 11.76%
Operations Grants: 11.40%
Foundation Endowment: 10.00%
At present, there is a total supply of 1,178,266,083 NEAR tokens, and out of these, 1,043,193,664 NEARs are in circulation.
Near Protocol (NEAR) Current Status
As I am writing this article, NEAR is traded for $3.97 a piece, up 6.83% from yesterday. It has a 24-hour trading volume of over $500 million and a market capitalization of $4.13 billion.
Near Protocol (NEAR) Price Forecast 2024
Technical indicators suggest that the current sentiment about NEAR is bullish and the Fear & Greed Index scores 79 signaling Extreme Greed.
The token recorded 19(63%) green days in the last month, with an above-average price volatility of 9.45%. Our experts think that the price of NEAR will drop by 7.32% and reach $ 3.71 by next week.
Near Protocol (NEAR) Price Forecast 2025
By next year, NEAR is expected to trade between $ 3.48 on the lower end and $ 9.24 on the higher end.
If we compare that with today’s price, it will deliver a return of 132.62% if the token reaches the upper price target.
Near Protocol (NEAR) Price Forecast 2030
We are now entering the realms of speculation when we talk about the price of NEAR or any asset 5 years down the line.
However, our analysis of key technical indicators suggests that, in 2030, NEAR will be traded between $ 21.47 and $ 40.47.
The upper price target will translate into a whopping 918.32% return for the investors.
Where to Buy Near Protocol (NEAR)
You can buy NEAR from Binance, OKX, Bybit, Gate.io, Coinbase, KuCoin, Kraken and HTX.
How to Buy Near Protocol (NEAR)
Here, I will explain how you can buy NEAR from OKX. But if you have another preference or already have an account with another exchange, you can go with it.
Conclusion
As a community-run cloud-computing platform, Near Protocol has attracted a loyal customer base from developers and blockchain enthusiasts.
In the backdrop of the ongoing crypto and web3 boom, the ecosystem shows great potential for the future.
Thanks to the current crypto bull market, the same is also reflected in the price performance of the platform’s utility token. Our expert forecasts are bullish on NEAR in the long term.
At the same time, I would like to add some caution to the reader about the risk associated with the crypto market.
Users are encouraged to do a comprehensive and independent analysis of the assets before investing in them. More importantly, refrain from investing with borrowed money or emergency funds.
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