NEAR Protocol is a layer-1 blockchain platform designed to provide a user-friendly environment for decentralized applications (dApps). Despite its technological innovations, such as the Nightshade sharding technology enabling high transaction throughput, and a developer-friendly approach, some analysts and community members consider NEAR to be undervalued.
In early 2023, Bitpush News described NEAR as "one of the most undervalued blockchains," highlighting its technological advantages and substantial venture capital backing.
However, NEAR has faced challenges, including a significant loss in Total Value Locked (TVL) during the bear market and the collapse of its decentralized stablecoin, USN, which contributed to a decline in TVL.
Price predictions for NEAR vary. For instance, ChangeHero reported a price of $1.55 for NEAR, ranking it 38th by market capitalization. Another analysis suggested that NEAR could grow from $4.65 to $8.50 by the end of 2025, driven by the AI narrative.
As of December 19, 2024, NEAR is trading at $5.83, reflecting a -6.72% change from the previous close. The intraday high is $6.30, and the intraday low is $5.38.
In summary, while NEAR Protocol has strong technological foundations and significant financial backing, its valuation is influenced by various factors, including market conditions and project developments. Potential investors should conduct thorough research and consider current market dynamics before making investment decision $NEAR
Chain Signatures allow the signing of any transaction on any blockchain directly from your NEAR Account.
Today, Chain Signatures launch for Bitcoin, Ethereum (and any EVM chain), Dogecoin, XRP, Cosmos, Polkadot, and more. Any ECDSA based chain is compatible.