Near was at 12$ with the current Market Cap of 7.65Billion Dollars in 2022 but now Near is at 7$ with the same Market Cap.
Why? Because they did a scam by changing their Max Supply from 1Billion$ to INFINITY.
First they attracted people by showing a limited supply and now changed it to infinity and now they can do the same thing like LUNA, they can increase the supply as much as they want whenever they want......
Note: They also issued an algorithmic stable coin like $LUNA named as USN.
It's not a decentralised project, they can make you 🤡 any time!