Comprehensive NEAR Protocol (NEAR) Analysis with Latest Data from CoinGecko
1. Latest Data from CoinGecko
• Current price: $4.18
• Market capitalization: $4.62 billion USD
• 24h trading volume: $253.26 million USD
• 24h high: $4.29
• 24h Low: $4.14
• 24h price change: +$0.020 (+0.48%)
• Circulating supply: 1,107,181,322.95 NEAR
• Maximum total supply: 1,183,246,170.68 NEAR
• All-time high (ATH): $20.44 (down 79.59% from ATH)
• All Time Low (ATL): $0.5268 (up 691.71% from ATL)
2. Get News Updates from Primary Sources
1. Investing:
• NEAR Protocol is attracting investor attention thanks to its strong scalability and outstanding features of the next-generation blockchain. Some reports emphasize that NEAR has long-term development potential, especially in the context of DeFi and NFT projects gradually shifting to highly scalable platforms.
2. Bloomberg & Reuters:
• NEAR has announced a series of strategic partnerships and new projects on its platform, which has helped to boost investor confidence. Reports from Bloomberg and Reuters also highlight an increase in trading volume and interest from financial institutions.
3. Reddit:
• The NEAR community on Reddit is very active, with many discussions about recent updates and potential price increases. The community also expects that with continued expansion and technical improvements, NEAR can reach higher price milestones in the near future.
3. Comprehensive Analysis According to Stocknai
Qualitative Analysis
• Market Factors: NEAR Protocol is one of the blockchain projects with potential thanks to its scalability and fast transaction speed. With support for smart contracts and good interoperability with other blockchains, NEAR is attracting a lot of attention from dApp developers and DeFi projects.
• Industry Analysis: The blockchain and cryptocurrency market is in a period of strong growth, with a focus on scaling solutions and optimizing transaction costs. NEAR Protocol is well positioned to capitalize on this trend.
Quantitative Analysis
• Market capitalization: With a market capitalization of over $4.62 billion, NEAR Protocol ranks 25th in the capitalization rankings, demonstrating investor confidence.
• Trading Volume: Trading volume in the last 24 hours reached $253.26 million, showing steady interest from investors, despite small fluctuations in price.
Technical Analysis
• MA (Moving Average): The current price of NEAR is fluctuating around the short-term MA lines, indicating that the short-term trend is unclear and may need more signals to determine the next direction.
• RSI (Relative Strength Index): The RSI is currently neutral, showing no signs of overbought or oversold, which allows further monitoring to identify entry signals.
• MACD (Moving Average Convergence Divergence): MACD recently crossed above the signal line, suggesting a bullish momentum may be forming, but further confirmation is needed.
Volume Analysis
• Trading Volume: Steady trading volume shows continued interest from investors, which could be a positive sign for a price rally if there are additional supporting factors.
4. Investment Recommendations
• Upside Probability: Based on qualitative, quantitative and technical factors, the upside probability of NEAR in the short term is around 65-70%.
• Investment strategy:
• If in: Consider holding the current position and watching the near resistance levels at $4.29 and $4.50. Place a reasonable stop loss below the support level at $4.14 to protect capital.
• If not yet in: Consider entering if price breaks above $4.29 resistance with increased volume, or wait for a small pullback to buy at a reasonable price.
5. Conclusion
NEAR Protocol is currently showing strong growth potential
