Basic Overview of Near Coin
Near coin (NEAR) is the native token of NEAR Protocol, which is mainly used to pay for transactions and data storage. It also has other functions, such as token staking to obtain income and governance voting.
NEAR Protocol launched its mainnet on April 22, 2020, and created 1 billion NEAR tokens. 5% of the additional supply is issued each year as block rewards, of which 90% is allocated to validators (4.5% total) and 10% is allocated to the protocol reserve pool (0.5% total). 30% of transaction fees are paid as rebates to contracts that interact with transactions, and the remaining 70% is burned.
Advantages of investing in Nearcoin
1. High Availability
Near Foundation has made availability one of its core values in its plan made at the beginning of the year. By eliminating the technical barriers of web3, Near is committed to converting hundreds of millions of web2 users and enabling more people to easily enter the crypto world.
2. Easy to participate
Near's eco-wallet can be registered and completed through traditional email, which is not as complicated as dedicated wallets such as MetaMask. This convenience makes it easier for more investors to participate.
3. Fast and low cost
Near has traditional advantages in transaction speed and cost, which is relatively more friendly to outside investors and can attract more users.
Recent performance and potential analysis
Although the price of Near's coin has not performed well recently, the project itself has not been flat, but has had many outstanding performances. According to statistics from defillama, Near's recent return of users has surged by 600,000, and the transaction volume has soared to 1.2 million. The main driving force comes from DAPP-kaikai. This is the flagship product of Cosmose AI, which integrates functions such as food, shopping, and retail that link traditional life. In short, it can be understood as the web3 version of Dianping.
The potential of Near coin
As a cryptocurrency with a certain degree of popularity but not yet at the first-tier level, Nearcoin’s greatest potential lies in the possibility of connecting web2 and web3. After the technical difficulties are gradually overcome, how to achieve cross-level growth in the number of users through market and marketing means will be the core factor affecting the currency price in the long run.
Future price predictions and investment strategies
Current technical structure
Currently, the technical structure of Nearcoin does not support an aggressive bullish outlook. Long-term investors can make appropriate fixed investments and increase their investments after the trend is confirmed to reverse upward.
Short-term speculative opportunities
For short-term speculative traders, they can look for opportunities within the upper and lower tracks of the descending triangle. In any case, good fund management and risk control are still the prerequisites for investment or speculation.
Hundred-fold potential analysis
Whether Near coin has a hundredfold potential depends mainly on the following factors:
Ecosystem development: The expansion and maturity of the Near ecosystem.
User growth: Whether web2 users can be successfully converted and the number of active users can be increased.
Market environment: the overall crypto market conditions and trends.
In summary, Nearcoin is a potential project. Although it is volatile at present, its future performance is still worth looking forward to. When investing, you need to remain rational, pay attention to the development of the project, and do a good job of risk control.
