Market Stats and Forecasts
NEAR Protocol Description
NEAR is a hyped token now popular among crypto enthusiasts. This token was founded by Erik Trautman, the founder of Viking Education. NEAR Protocol has a team of well-experienced developers. Near uses the Doomslug mechanism, a variation of the proof-of-stake methodology. NEAR Protocol (NEAR) is a layer-one blockchain that addresses other blockchain networks' limitations. It positions itself as a community-run cloud computing platform, fostering the development of decentralized applications (DApps). Traditional blockchains often need help with slow transaction processing and limited capacity.
NEAR tackles this with Nightshade, a sharding solution that splits the blockchain into smaller sub-chains, allowing faster and more efficient transaction processing. NEAR uses human-readable account names that are suitable for new users. The Near ecosystem is designed to be DApp-friendly. The main aim of this ecosystem is to attract developers to build innovative applications on its platform. The NEAR ecosystem is rapidly expanding. It focuses on Decentralized finance protocols and web3 social media platforms. Security is the top priority of the NEAR ecosystem.
Independent research security audits were conducted on the NEAR protocol to assess its vulnerability to hacks and exploits. The trading volume of the NEAR protocol has been around $204,313,425 in the last 24 hours. The all-time high value of this token was $20.44 on 16th Jan 2024. The market cap of this token is around $6,036,189,437 and it currently ranks 20. Explore the token distribution and economic model of NEAR. This will give you a better understanding of how the token's value is created and captured.
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of NEAR Protocol, Our analysis, guided by the machine learning experts, yields forecasts for NEAR Protocol price trajectory up to 2024. With a comprehensive understanding of NEAR Protocol historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 5 and an error value of 0.65%.
For the year 2024, our analysis indicates a projected yearly low of $7.46, with the high anticipated to reach $10.81. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-10-06 | 4.33 | 4.47 | 4.64 | 4.35 |
| 2024-10-07 | 4.29 | 4.43 | 4.56 | 4.35 |
| 2024-10-08 | 4.43 | 4.57 | 4.75 | 6.64 |
| 2024-10-09 | 4.33 | 4.47 | 4.6 | 5.47 |
| 2024-10-10 | 4.38 | 4.52 | 4.65 | 5.47 |
| 2024-10-11 | 4.38 | 4.52 | 4.66 | 6.63 |
| 2024-10-12 | 4.38 | 4.52 | 4.7 | 6.63 |
| 2024-10-13 | 4.33 | 4.47 | 4.6 | 5.46 |
| 2024-10-14 | 4.43 | 4.57 | 4.7 | 6.62 |
| 2024-10-15 | 4.43 | 4.62 | 4.8 | 7.79 |
| 2024-10-16 | 4.53 | 4.63 | 4.76 | 10.16 |
| 2024-10-17 | 4.52 | 4.62 | 4.76 | 8.95 |
| 2024-10-18 | 4.67 | 4.77 | 4.91 | 11.35 |
| 2024-10-19 | 4.52 | 4.66 | 4.81 | 10.12 |
| 2024-10-20 | 4.52 | 4.72 | 4.9 | 10.12 |
| 2024-10-21 | 4.72 | 4.77 | 4.87 | 12.54 |
| 2024-10-22 | 4.82 | 4.87 | 4.97 | 15.02 |
| 2024-10-23 | 4.93 | 5.03 | 5.13 | 17.55 |
| 2024-10-24 | 4.88 | 5.04 | 5.24 | 18.84 |
| 2024-10-25 | 4.88 | 4.98 | 5.13 | 17.54 |
NEAR Protocol Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,NEAR Protocol is forecasted to achieve its peak value in 2025 at approximately $14.91, while potentially dipping to a low of $8.07. The average trading value during this period is projected to hover around $13.5.NEAR Protocol Price Prediction 2026
In 2026, NEAR Protocol is anticipated to potentially reach its peak value of $23.39, with a possible lower value of $11.7. The average trading value for this period is estimated to be approximately $21.23.NEAR Protocol Price Prediction 2027
As we look ahead to 2027, the trajectory of the NEAR Protocol coin may offer investors unexpected turns. Projections suggest peaks hitting $32.34 and lows stabilizing around $17.71, with an average trading value resting near $28.57.NEAR Protocol Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the NEAR Protocol coin. Projections point towards a maximum value of $52.81, a minimum of $24.66, and an average value of approximately $46.83.NEAR Protocol Price Prediction 2029
Our market analysis indicates optimistic prospects for the NEAR Protocol crypto in 2029, with projected peaks at $81.93 and floors at $40.89. Moreover, the average trading value of this coin is anticipated to hover around $74.36.NEAR Protocol Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the NEAR Protocol token. Projections indicate highs near $133.67, potential lows around $62.03, with an average value of about $122.11.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $4.82 by the Oct 06, 2024. The Relative Strength Index (RSI) stands at 0.9830, indicating a Rise market stance. Overall, while the long-term forecast is Sell.
About near
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Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The NEAR Protocol is predicted to surge by 10.98% to $4.57 by Oct 08, 2024, though current indicators show a Bearish sentiment with 17 out of 30(57%) green days and a notable 28.88% price volatility over the past month.
