- Bullish NEAR Protocol price prediction ranges from $13.42 to $20.23.
- The NEAR price might also reach $25 soon.
- NEAR bearish market price prediction for 2021 is $6.35.
This NEAR Protocol Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our NEAR price analysis and prediction.
Among the cryptocurrencies that are surging this year, NEAR is perhaps one of the most surprising for some. It is not directly related to Bitcoin, nor is it the most hyped cryptocurrency today. But for those that are aware, NEAR has been around since December 2019.
Can NEAR reach $25 in 2021? We will find out shortly. But before we proceed to our NEAR analysis, let us first answer the question “What is NEAR Protocol?” in this NEAR prediction 2021 article.
What is NEAR Protocol (NEAR)?
NEAR Protocol is a layer-one blockchain that was developed as a community-based cloud computing platform and eliminates a few limitations which have been bogging competing blockchains, such as low transaction speeds, low throughput, and poor interoperability.
Moreover, this offers the ideal environment for DApps and builds a developer and user-friendly platform. For instance, NEAR uses human-readable account names instead of Ethereum cryptographic wallet addresses. Besides introducing unique solutions to scaling problems, NEAR has its own consensus mechanism called “Doomslug.”
In addition, the NEAR Protocol is being developed by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. More so, its goal is to build a platform that is “secure enough to manage high-value assets like money or identity and performant enough to make them useful for everyday people.”
Among the projects built on NEAR Protocol are Flux, a protocol allowing developers to create markets based on assets, commodities, and real-world events, and Mintbase, a platform for minting NFT.
Now that we are clear about NEAR Protocol do you think NEAR will be beneficial crypto in 2021? Join me and let us see the charts in this NEAR price analysis and NEAR price prediction.
NEAR Protocol Current Market Status
As of the time of writing this NEAR Protocol price analysis, NEAR trades at $9.38 with a 24-hour trading volume of $372,677,147. The price of NEAR has decreased by 4.84% in the last 24 hours.
Now, let’s proceed to the next part of this NEAR technical analysis for 2021.
NEAR Protocol Price Analysis
Currently, NEAR holds 29th place on CoinMarketCap. But will the latest upgrades, development, and changes in the NEAR blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this NEAR price prediction article.
In the chart above, which is set in a daily time frame, we can see the Ascending Channel pattern. An Ascending channel is the price action that takes place in a downward direction through a sloping parallel line. Also, the chart displays the higher highs and higher lows from this price pattern. More so, this pattern represents a short-term bullish.
As shown above, at the beginning of this month, NEAR turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.
The Relative Strength Index (RSI) is above 52.02, which means that NEAR is in a nearly oversold state. With this traders need to stay cautious while trading, turning away from further losses.
Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of NEAR.
Since the start of 2021, NEAR’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, NEAR has a competitive market this 2021.
NEAR Protocol Price Prediction 2021
The chart below shows that NEAR has performed great over the past few days. Moreover, the NEAR price shows a bullish trend. If this trend continues, NEAR might run along with the bulls, overtaking its $20.23 resistance level and moving higher.
Conversely, if the investors turn towards the crypto, the bears might take over and push NEAR from its uptrend position. In simpler terms, the price of NEAR might plummet to almost $6.35, a bearish signal.
Meanwhile, our long-term NEAR price prediction for 2021 is bullish. It has a high possibility of reaching new heights. More so, this will only happen if it breaks many past psychological resistances.
NEAR Protocol Price Prediction 2022
If this bullish trend continues, NEAR will reach $30 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $35. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $30 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
NEAR Protocol Price Prediction 2023
If NEAR holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $50, making it not plummet but play consistently.
NEAR Protocol Price Prediction 2024
As per the latest upgrades, developments, NEAR price prediction, and new project forecasts of the platform, NEAR investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of NEAR in the crypto market, and it will be the best investment as the price can spike and reach around $65.
NEAR Protocol Price Prediction 2025
In the next four years, NEAR’s price could race up to $70. However, reaching this level could not be so difficult for NEAR as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that NEAR has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
NEAR has a bright future ahead of it in 2021. With the ongoing developments happening within the NEAR ecosystem, as well as in the overall crypto market, we may see NEAR reach new heights.
Bullish NEAR price prediction 2021 is $25. As said above, it may even reach its new ATH if investors have decided that NEAR is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
NEAR Protocol is a layer-one blockchain that was developed as a community-based cloud computing platform and eliminates a few limitations which have been bogging competing blockchains.
Users can obtain NEAR tokens by purchasing them from cryptocurrency exchanges such as Binance, OKEx, Mandala Exchange, Huobi Global, and CoinTiger.
NEAR is a good investment in 2021. Moreover, NEAR has a high possibility of reaching new heights this year.
Yes, it’s very much possible that NEAR might reach $25 in the near future as per the current bullish trend.
NEAR Protocol (NEAR) price is possible to reach $35 by 2022.
NEAR Protocol (NEAR) price is possible to reach $50 by 2023.
NEAR Protocol (NEAR) price is possible to reach $65 by 2024.
NEAR Protocol (NEAR) price is possible to reach $70 by 2025.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.