NEAR Protocol Faces Challenges: What’s next for the Token?
NEAR protocol is currently experiencing a downturn, wiht its token value declining. The big question is weather it can recover its former strength.Let’s explore the NEAR Protocol price prediction and its future prospects.
NEAR Protocol is a blockchain platform that enables developers to create smart contracts and decentralized applications. It uses Nightshade technology, a type of Proof of Stake (PoS) consensus mechanism, which allows for dynamic network adjustments. This technology enables NEAR to process up to 100,000 transactions per second.
NEAR tokens are used to support the blockchain economy, reward validators, and participate in governance. As of now, there are 1.23 billion NEAR tokens in circulation.
As of March 2025,NEAR Protocol has seen a significant drop,down 56% from March 2024 and 87% from its all-time high of $20.42 in 2022. The token is currently trading at around $2.54, with a 19% drop over the past week.
Despite its strong technical foundation, NEAR lacks widespread popularity. However, it still holds a key position in the blockchain space due to its sharding technology and focus on scalability.
According to CoinCodex, a small uptick in NEAR’s price is expected in the short term, possibly reaching $2.99 by April 7. However, the analysis leans more toward a bearish trend. Looking ahead to 2025, the NEAR Protocol price prediction suggests the token could trade between $2.11 and $5.47.
DigitalCoinPrice is more optimistic, estimating that the coin will reach its previous all-time high of $20.42 this year. WalletInvestor predicts that NEAR’s maximum price could rise to $8.827 by the end of 2025.
For 2030, CoinCodex expects NEAR to range between $0.744 and $6.81. digitalcoinprice projects that NEAR might exceed $14.01 by 2030. WalletInvestor takes an even more bullish stance, projecting that by March 2030, NEAR’s price could average around $16.4.
Investing in NEAR Protocol is not an easy decision. While projections show potential, the token’s current situation isn’t ideal. Thorough analysis is recommended before making any investment decisions.
