NEAR Protocol Price Prediction: Will the Near Protocol (NEAR) crypto reach $100 USD in 2022?

Among many appearing competitors of Ethereum, Near Protocol stands out by offering a user-friendly developer interface, improved speed, and network capacity. Many crypto experts see the bright future for the project which is proved by the recent price surge. Read our NEAR token price prediction to make up your mind about the project.

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NEAR Protocol Fundamental Analysis

Project name
NEAR Protocol
Stock Symbol
NEAR
Current Price
5.9526378
Current Supply
691277221.7945464

Near Protocol is a fully operational open source layer-1 blockchain created as the community-ruled cloud computing platform. It overcomes some of the limitations of Web3 adoption that other blockchains face, such as low transaction speed, low throughput, and bad interoperability. Thus it offers a perfect environment for dApps and developers. 

Near Protocol uses its Nightshade technology to massively improve transaction throughput. It is a kind of sharding where the individual validation sets process the transactions in parallel in several sharded chains, thus increasing the capacity of the network. In the Nightshade, each block builds a fraction (a “chunk”) of the next block allowing the network to process over 100 000 transactions per second with almost instant transaction finality due to the one-second block cadence and the fees as close to zero as possible.

In Near account, names are made human-readable and easier to memorize unlike cryptographic wallet addresses on the networks like Ethereum. Additionally, it offers unique solutions for the scaling issues and its own consensus mechanism called “Doomslug”.

The protocol has also built a bridge to Ethereum so the users can transfer ERC-20 tokens from Near to the Ethereum platform. 

The concept of completely sharded blockchain was introduced in 2019 by the Near Collective community, which works on the initial code and the updates of the ecosystem. The mainnet was launched on April 22, 2020. The end goal of the project is to create a “secure enough” blockchain that will be able to manage valuable assets like money and identities with fast enough performance. 

The founder of the protocol is Erik Trautman, an entrepreneur with a Wall Street background, Illia Polosukhin, who has experience working for Google, and a computer scientist Alexander Skidanov. The rest of the team is also known for their experience in building real-world sharding systems at scale.

NEAR Protocol Live Price Chart

Near token experienced a massive setback when the whole crypto market went for a downtrend in April 2021. The asset stayed in a downtrend till the end of July when it reached as low as $1.6. After that the price started to recover slowly, reaching $3.4 by mid-August. From that moment Near started to surge. On August 22 the coin hit the price of $6.14 and then went for the correction.

At the beginning of September, the price started to climb back up, and on September 9 Near skyrocketed to $10.37. It was followed by the market correction that lasted for almost a month and a half. At the end of October though, a new uptrend brought the token to $12.34. 

Near Protocol coin price followed the moderate bullish tendency till December 27, when the value suddenly jumped to $16.15. The token kept the same tendency for a week and on January 12 reached its all-time high of $18.72.

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NEAR Protocol Technical Analysis

Despite the fact that 100% accurate technical analysis for NEAR Protocol cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated NEAR buy-and-sell rating for selected timeframe. The summary for NEAR/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

NEAR Protocol Price Prediction

Below we have collected the most reliable price projections for NEAR Protocol (NEAR) from popular forecast platforms.

NEAR Protocol Price Prediction for 2022

As of the end of 2022, NEAR Protocol price predictions remain predominantly positive, with some analytics promising the price at about $6.85998, while WalletInvestor even cites the possibility of the price reaching $15.454 by the end of the year.
Potential ROI: 70% Buy

NEAR Protocol Price Prediction for 2023

According to WalletInvestor, in 2023 NEAR Protocol investors should expect price growth to $26, which seems a good reason to consider NEAR Protocol as an investment option. TradingBeast, in turn, predicts the price increasing to $6.85491, and PricePrediction.net agrees with a predicted growth to $12.73.
Potential ROI: 155% Buy

NEAR Protocol Price Prediction for 2024

NEAR Protocol price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $18.32–$36.038 range (PricePrediction.net, WalletInvestor), while TradingBeast takes a different view and cites the possibility of the price reaching $4.96054 in December 2024.
Potential ROI: 232% Buy

NEAR Protocol Price Prediction for 2025

Both TradingBeast and WalletInvestor predict the NEAR Protocol market to grow in 2025, resulting in $7.9777 and $47.028 by the end of the year respectively. Other NEAR Protocol price forecasts support the idea: PricePrediction.net forecasts NEAR Protocol to reach $25.35 by December 2025.
Potential ROI: 350% Buy

NEAR Protocol Price Prediction for 2030

Most experts are expecting an encouraging future for NEAR Protocol: long-term NEAR Protocol price predictions promise significant growth by 2030. WalletInvestor predicts the price to reach $11.28672, while TradingBeast goes for $14.918299. PricePrediction.net also puts big hopes on NEAR Protocol in the long term: its NEAR Protocol prediction for 2030 is $162.55.
Potential ROI: 957% Buy
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Summary

As it can be clear from the analysis cited above, NEAR Protocol (NEAR) projections are rather contradictory. There is no universal consensus either about positive or negative future NEAR price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the NEAR Protocol projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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