To the Moon: NEAR Price Prediction 2025, 2026

NEAR Protocol is a proof-of-stake (PoS) blockchain that seeks to compete with other platforms through its sharding solution, known as “Nightshade”.

Sharding is a blockchain architecture that allows each participating node to store only a small subset of the platform’s data. This facilitates scalability, increases transactions per second, and reduces transaction fees.

Nightshade allows NEAR Protocol to maintain a single data stream while allocating the computing resources necessary for this data to remain in fragments, managed by nodes that process and append the information to the mainstream. This reduces potential security vulnerabilities by limiting the responsibilities of the participating nodes.

In addition, NEAR Protocol has an application called Rainbow Bridge that facilitates the transfer of tokens between Ethereum and NEAR. To move tokens from Ethereum to NEAR Protocol, users deposit tokens into an Ethereum smart contract, where they are locked. New tokens are created in NEAR to represent the original tokens. This process can be reversed to retrieve the original tokens in the smart contract.

On the other hand, Aurora is a scalable Layer 2 solution designed on NEAR Protocol for developers to launch their decentralized Ethereum applications on the NEAR network. It uses Ethereum encryption technology, Ethereum Virtual Machine (EVM), and a cross-chain bridge that allows developers to link their Ethereum assets and smart contracts with NEAR Protocol. This will enable them to enjoy the benefits of NEAR, such as low fees and high performance while taking advantage of Ethereum’s familiarity and application network.

Brief History

In August, Near Protocol emerged when the founders convened a team to develop a scalable, fully-fragmented, permissionless blockchain. Its first known trade was worth $1,072 on October 14, peaking at $1,884 that same day. However, the rise was short-lived, falling to $0.538 by Nov. 5 before closing the year at $1.459.

Starting 2021 at $1,305, NEAR rose to an all-time high of $7,572 by March 13. A subsequent drop took the price to $1,537 by July 19, only to rise to $11,776 by Sept. 9 and $13,168 by Oct. 26. On November 15, the release of “Nightshade” brought the price to $12,046, closing the year at $15,793.

2023 started positively, with NEAR experiencing a 100% increase in January before trading within a downward channel for six months. There was a 40% drop in August, followed by two months of consolidation. Market pumping in October reignited momentum, resulting in a 123% increase, although a recent 21% correction tempered the gains.

For more context, it is worth noting that Near Protocol’s development has been driven by a vision of a decentralized, scalable blockchain capable of supporting a wide range of applications and use cases. Its emphasis on sharding technology seeks to address existing blockchains’ scalability challenges, making it an attractive option for developers and users.

NEAR and Its Impact on the Financial World

NEAR Protocol possesses value due to several fundamental factors and features of its native platform and token, NEAR.

First, NEAR Protocol is a decentralized blockchain platform that enables the development and execution of decentralized applications (dApps). This means that NEAR provides an ecosystem where developers can create a wide range of applications and services without relying on a centralized authority.

NEAR’s native token, called NEAR, plays a vital role in the operation of the network. Users use NEAR to pay transaction fees, run applications, and pay for network storage. These fees contribute to the security and operation of the network by incentivizing validators to process transactions and maintain the integrity of the blockchain.

NEAR Protocol implements a token-burning mechanism, where some tokens used to pay transaction fees are “burned” or removed from the circulating supply. This helps reduce the overall supply of NEAR tokens, which can increase their long-term value due to relative scarcity.

Validators in the NEAR network also receive rewards for maintaining the security and validity of the blockchain by staking their tokens. This process ensures the network’s reliability and integrity, increasing user and investor confidence in the NEAR Protocol.

In addition, the NEAR Protocol has a token issuance model that allocates 90% of newly issued tokens to validators as a reward for their contribution to the network. This provides additional incentives to participate in the validation of the network and helps ensure its long-term security and stability.

In summary, NEAR Protocol has value due to its utility as a blockchain platform for developing dApps, the importance of its native NEAR token in the operation of the network, the token burning mechanism to reduce the supply in circulation, and the reward model for validators who contribute to the security and integrity of the network

Price forecast this year 2024

According to our price forecast for NEAR Protocol in 2024, it is expected to reach a value of $18.45, indicating significant upside potential compared to its current price of $7.61. This prediction is based on a short- and long-term analysis, where an average price of $10.05 is projected for May and $12.71 for September. However, it is important to remember that these estimates are subject to fluctuations, with an expected price range between $9.35 and $10.76 and between $11.82 and $13.60 by the end of the year. Despite short-term volatility, overall sentiment in the crypto market remains bullish for NEAR, with expectations of a gradual increase in its value during the year.

Future forecast: 2025-2026

According to projections for NEAR Protocol, continued growth in the value of the cryptocurrency is expected in the coming years. By 2025, the price is expected to range from $25.59 to $38.39, with an estimated average price of around $31.99. This represents a significant increase from current levels and suggests upside potential for NEAR in the medium term. These projections are supported by a detailed analysis considering various factors, including technological developments, market adoption, and macroeconomic trends.

Looking further into 2026, expectations are even more optimistic, with price forecasts ranging from $53.26 to $79.88 and a projected median price of around $66.57. These numbers reflect a continued uptrend for NEAR Protocol, suggesting confidence in its long-term potential. However, it is essential to remember that these predictions are subject to change based on various factors, and investors should closely monitor project developments and market conditions to make informed decisions about their NEAR investments.

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