NEAR Price Analysis August 2022

NEAR is a token of the platform NEAR Protocol. Its current price is around $4.05 by the time of writing, with a low of $2.90, and has a market cap of 3.1 billion dollars.

What is NEAR Protocol?

Near Protocol is a layer one blockchain network. Developers use it to build decentralized applications, and Near Protocol is in some ways similar to Ethereum – the most popular blockchain.

What is NEAR?

NEAR is the coin of the NEAR Protocol platform, which is around $4.05 by the time of writing, with a low of $2.90.

After that, it reached $20.42, and its current ranking is #25 according to CoinMarketCap, with a market cap of 3.1 billion. The NEAR native token is called the NEAR token, and it’s used for payment fees, storage, and stakeholders who participate in network consensus as transaction validators.

NEAR Coin Market Analysis 

NEAR has a total supply of 1,000,000,000 coins worth around $4.05 with a market volume of 315 million dollars, whereas the market capitalization is 3.1 billion dollars at writing. Therefore, many analysts think investing in NEAR can be a good decision; however, the crypto market is not too stable, and prices can fluctuate either up or down.

NEAR Price Prediction

On the 1D timeframe, the price action of $NEAR/USDT works inside the horizontal support zone. We must wait for a successful breakout or breakdown to confirm its next direction.

For any time, on-demand analysis on $NEAR or any other coin can join our Telegram channel.

Near  Price Chart August 2022
NEAR Price Chart August 2022

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

Pratyaksh
Pratyaksh

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