Recent developments in the cryptocurrency world have also hit NEAR, one of the community’s favorite altcoins. NEAR has lost 3.7 percent in the last 24 hours, according to data from CoinGecko.
Although NEAR Protocol (NEAR) is currently trading at $1.29, it made its ATH at $20 in 2022.
NEAR Protocol Long-Term Price Predictions
The Near (NEAR) protocol is a smart contract-enabled, public blockchain conceptualized as a community-run cloud computing platform. Created by NEAR Collective, NEAR is designed so that decentralized applications (dApp) can be built on it.
NEAR Protocol (NEAR) price prediction is based on expert opinions, technical analysis and previous movements.
If we look at the instant view of NEAR, we can see that it has gone through a long decline period and then continues in a horizontal course. NEAR is currently reacting from the $1.27 support. The first rise on the NEAR side can also take us to the $ 1.6 band.
Given the current outlook, it doesn’t make much sense for analysts and experts to make high valuations for NEAR at the end of the year. The inflationary situation in the world and the interest rate hikes by the countries have a negative impact on the price of the NEAR Protocol.
The estimated maximum value for NEAR by the end of 2022 is $1.43, while the minimum value is estimated at $1.26. In 2023, this situation is 1.96 dollars, while the maximum is 2.3 dollars. When we look at 2024, we see a price prediction ranging from $2.75 to $3.35. When we look at when NEAR reaches its ATH, the estimates point to the year 2030. In 2030, NEAR has an estimated minimum value of $24 and a maximum value of $29.9. If we take a look at 2031, the last year of the analysis, we see that the highest estimated value of NEAR is in the band of 41.6 dollars.
Of course, it is also useful to note that these analyzes and estimates are made only by considering the current outlook. Of course, it is difficult to predict what will happen about crypto money and Blockchain in the future. These analyzes are based on opinions and past movements of cryptocurrencies to shed light on the current outlook.