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NEAR Protocol Price ( Update )

 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 parabolic again on March 6, 2021, reaching an all-time high of $7.48 on March 13, 2021.

The price promptly collapsed and spent the rest of April recovering lost territory until April 11, when it crashed again. It wasn't until May 11 that the price started to rise again, reaching $6.93, before the entire crypto market plummeted.

The price of NEAR has risen for two days in a straight, and it is now trading above $8.66, or 40% higher than the previous all-time high. The platform has a total market capitalization of approximately $3.9 billion, according to CoinMarketCap, making it the world's 45th largest cryptocurrency.

NEAR Protocol Price Prediction 2021

The price of NEAR is predicted to rise over the second half of 2021. NEAR should be valued $11.54 at the end of December.

It should be emphasised that, given the current Bear market trend, the odds of the price hitting that level are dwindling by the day. Although there is still time for the price to rise dramatically, investors should keep their expectations in check before purchasing.

NEAR Protocol  Price Prediction 2022

For the price of NEAR, 2022 is predicted to be a fairly bland year. While there appears to be good growth in the months of April, July, October, and November, the price appears to fall back to around $10.50 in the other months.

Price Prediction for the NEAR Protocol in 2025

Prices would have doubled from 2022 by the time we reach 2025. The average price of NEAR for this year is expected to be $53.68. That's a 6x increase above the current price. Based on the data, you would still be profitable if you invested in either 2023 or 2024.

Is it a good idea to invest in NEAR?

Looking at the charts, it appears that, despite the present weak market trend, investing in NEAR is a sensible decision. Things become much more positive when you ‘look behind the hood' to see what this initiative is all about, including its personnel.

This isn't even taking into account the amount of institutional adoption and investment that has been pouring into the cryptocurrency sector since at least this year. Although the majority of attention is focused on Ethereum, it will only be a matter of time before institutions and investors in general turn their attention to other blockchain platforms in order to expand the crypto market and generate money.

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