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 Despite the crypto market's meltdown in mid-May 2021, cryptocurrencies are growing in popularity and attracting more institutional and retail investors. NEAR protocol, a decentralised application platform aimed to make programmes functional on the web, is one such coin that has received some interest. NEAR is the ecosystem's native utility token. This Near Protocol price prediction article will examine the price projection for NEAR, where it is headed, and whether you should add it to your portfolio.   NEAR Historical Price Analysis CoinMarketCap started tracking the price of the NEAR coin on October 14, 2020. It all started with a $1.35 price tag. Until January of 2021, when it began to rise, the price stayed largely unchanged. The price spiked to $2.65 on January 24 before plummeting, but it swiftly rebounded to new all-time highs in early February 2021. It began to go parabolic on February 11, reaching $5.32 on February 12 before collapsing. It began to go parabo...

The Ethereum <> NEAR Bridge will pave the road for cross-chain interoperability in the future. The Ethereum <> NEAR Bridge, a trustless, universal protocol that opens communication and interoperability between smart contract chains, has been launched by NEAR Protocol, a scalable blockchain-based, developer-friendly platform for decentralised apps. This is also the first bridge that does not rely on external authority for security, instead relying on consensus. The Ethereum network has seen increased demand as a result of innovation in the decentralised finance (DeFi) and non-fungible token (NFT) arenas, pushing transaction costs to new highs. "By introducing the Ethereum <> NEAR Bridge, we are connecting the application and developer ecosystems between NEAR and Ethereum and enabling developers to leverage Ethereum assets and smart contracts within NEAR's fast, scalable and cost-effective environment," said Illia Polosukhin, co-founder of the NEAR p...

  NEAR Protocol has garnered a lot of interest both inside and beyond the cryptocurrency sector in its more than two years of existence. During this time, the NEAR ecosystem has grown rapidly, and many new and exciting projects have joined it. Let's take a look at the ecosystem's most notable components Flux Protocol Flux is the most basic protocol for developers that want to launch markets on virtually anything (any asset, commodity, real-world event, or anything else that can be imagined). Part of that objective is to develop an open source application for open markets that is innovative, easy, and adaptable. The NEAR Wallet is the foundation for the Flux open source programme. NEAR Wallet is a non-custodial wallet in the form of a browser extension that allows users to utilise account names instead of addresses, making it easier and more familiar for web2 users. Mintbase Mintbase is a marketplace similar to Amazon. It enables anyone, even those with little technical kn...

  Near Protocol is a major project aimed at creating a conducive atmosphere for the development of altcoins in the cryptocurrency market. As you may know, the inability of the Ethereum blockchain to properly meet the needs of network users was the trigger for creating this project. The Ethereum network has recently suffered greatly from increased demand (NFT, DeFi). Unreasonably high fees, delayed transactions, and a high barrier to entry for new developers wishing to enter the ETH ecosystem. Near Protocol stood out as a solid blockchain at the start of its journey, with the intention of gaining a high niche in cryptocurrency. The team's prominent programmers were able to entice a number of powerful investors to their ideas, including: Of course, this does not go ignored, and investors are clamouring for the Near Protocol to fulfil its promises to expand and incorporate Near technology into the cryptosphere. Although the Near ecosystem is still in its early stages, it is alread...

  Even as Bitcoin and other cryptocurrencies fell, the Near Protocol price defied the odds and climbed to an all-time high. The NEAR price has risen for two days in a row and is now trading above $8.66, which is around 40% higher than the previous all-time high. According to CoinMarketCap, the platform has a total market capitalization of over $3.9 billion, making it the world's 45th largest cryptocurrency according to CoinMarketCap. What is the Near Protocol? The Near Protocol is the foundation for NEAR, a decentralised development network. The protocol is based on a proof-of-stake model that also incorporates sharding and other technologies. The network, like Ether, Solana, and Polkadot, allows developers to create decentralised apps similar to those found in the DeFi and NFT ecosystems. The platform's key benefit is that it is relatively fast, has low gas prices, and is highly scalable. The NEAR Protocol employs a method known as "sharding," which divides t...

 The total amount of NEAR tokens is presently 1 billion, however only 434 million are in use. NEAR has recently seen an increase in withdrawals from exchangers as well as a scarcity of deposits. The supply of NEAR will not be capped, and new tokens will be created continuously. Staking benefits are one of the motivations for withdrawing NEAR. Another argument is that some NEAR might be converted into Binance Smart Chain tokens and then traded on decentralised markets. According to network statistics, about 39% of the NEAR supply is staked, with a market capitalization of more than $1.5 billion. NEAR can be delegated or included in the delegators' locked-up coin supply. Is NEAR Staking a Good Investment? The current reward for NEAR delegation is roughly 6.2 percent, with validators receiving more than 11 percent. The NEAR network is approaching its desired staking rate of 40%, however staking benefits for retail owners are lower. After a year of holding the tokens, the annua...