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NEAR Protocol

NEAR Protocol priceNEAR

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NEAR
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1 NEAR = 3.95 USD
Last updated 2024-02-28 00:08:15(UTC-0)

NEAR Protocol price live data summary

The live price of NEAR Protocol is $3.95 per (NEAR / USD) today with a current market cap of $4.12B USD. The 24-hour trading volume is $336.65M USD. NEAR to USD price is updated in real time. NEAR Protocol is -4.58% in the last 24 hours. It has a circulating supply of 1,043,193,660 .

What is the highest price of NEAR?

NEAR has an all-time high (ATH) of $20.42, recorded on 2022-01-16.

What is the lowest price of NEAR?

NEAR has an all-time low (ATL) of $0.5260, recorded on 2020-11-04.

NEAR Protocol price performance in USD

24h7d30d90d1yAll-time
-4.58%+16.40%+37.86%+118.99%+68.10%+227.32%

NEAR Protocol price history in USD

TimeLowHigh
24h$3.87$4.14
7d$3.1$4.19
30d$2.69$4.19
90d$1.79$4.61
1y$0.9724$4.61
All-time$0.5260(2020-11-04, 3 years ago )$20.42(2022-01-16, 2 years ago )

NEAR Protocol market information

Market capCombinedShapeIcon
$4,116,355,967.85
-4.58%
Fully diluted market capCombinedShapeIcon
$4,649,340,568.15
-4.58%
Volume (24h)CombinedShapeIcon
$336,653,030.35
-35.19%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+88.00%
24h volume / market capCombinedShapeIcon
0.0817
Circulating supplyCombinedShapeIcon
1,043,193,660 NEAR
Total supply / Max supplyCombinedShapeIcon
1.18B NEAR
-- NEAR
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NEAR Protocol ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Near Protocol Social Data

In the last 24 hours, the social media sentiment score for Near Protocol was 0, and the social media sentiment towards Near Protocol price trend was Bearish. The overall Near Protocol social media score was 7,775, which ranks 296 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,564,152 times, with Near Protocol being mentioned with a frequency ratio of 0.03%, ranking 156 among all cryptocurrencies.

In the last 24 hours, there were a total of 0 unique users discussing Near Protocol, with a total of Near Protocol mentions of 388. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has increase by 21%.

On Twitter, there were a total of 20 tweets mentioning Near Protocol in the last 24 hours. Among them, 25% are bullish on Near Protocol, 5% are bearish on Near Protocol, and 70% are neutral on Near Protocol.

On Reddit, there were 0 posts mentioning Near Protocol in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Near Protocol. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
0
Social score(24h)
7.78K(#296)
Social contributors(24h)
0
0%
Social mentions(24h)
388(#156)
+21%
Social dominance(24h)
0.03%
Twitter
Tweets(24h)
20
+100%
Twitter sentiment(24h)
Bullish
25%
Neutral
70%
Bearish
5%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About NEAR Protocol(NEAR)

What Is NEAR Protocol?

NEAR Protocol is a decentralized platform tailored for the creation and execution of serverless applications and smart contracts. It was founded in 2017 by Alex Skidanov and Illia Polosukhin. Fundraising events of NEAR Protocol attracted such investors as Andreessen Horowitz, FTX Ventures, and Pantera Capital. The official launch in April 2020 marked the arrival of a platform aiming to bridge the gap between the complex technicalities of blockchain and the end-users. Unlike traditional blockchain platforms, NEAR places a significant emphasis on scalability, usability, and sustainability. These three pillars have shaped its design philosophy, ensuring that as the digital landscape evolves, NEAR remains adaptable and resilient.

One of the defining features of NEAR Protocol is its developer-centric environment. Recognizing the pivotal role developers play in the blockchain ecosystem, NEAR has been engineered to provide them with the tools they need, devoid of the typical constraints seen in other blockchain systems. This facilitates more seamless development of decentralized applications (DApps), ultimately enhancing user experience.

Furthermore, NEAR Protocol's commitment to decentralization goes beyond mere technicalities. The platform embraces a community-driven approach, emphasizing transparency, open access, and a collective drive towards refining and expanding the ecosystem. This ethos ensures that NEAR's growth is not just technological, but also holistic, fostering a vibrant community of users, developers, and stakeholders.

Resources

Official Website: https://near.org

Official Documents: https://docs.near.org

NEAR Wiki: https://wiki.near.org

NEAR University: https://www.near.university

How Does NEAR Protocol Work?

NEAR Protocol is a Proof-of-Stake (PoS) blockchain that integrates the concept of sharding for data processing. By incorporating both PoS and sharding, NEAR Protocol can address two significant challenges faced by traditional blockchains: energy efficiency and scalability.

The PoS consensus mechanism differentiates itself from the energy-intensive Proof-of-Work (PoW) models. Instead of relying on computational power to validate transactions, PoS uses validators who lock up a certain amount of tokens as stakes. These validators are chosen based on the amount of token they hold and are willing to 'stake' or lock up as collateral. This ensures a more energy-efficient and faster transaction validation process.

The brilliance of sharding comes into play when you consider the bottleneck issues other blockchains face. Sharding partitions the data into segments, known as shards, which permits simultaneous processing of transactions. Each shard processes its transactions and smart contracts independently. By doing so, it massively increases the overall throughput of the network, allowing for faster and more efficient processing. Thus, the amalgamation of PoS and sharding empowers NEAR Protocol to achieve exceptional speed and scalability.

Beyond these core features, NEAR Protocol has taken significant strides to ensure a seamless interplay with Ethereum, one of the foremost blockchain platforms in the industry. Recognizing the expansive and established ecosystem of Ethereum, NEAR introduced two pivotal solutions. The first is the Rainbow Bridge, which acts as a conduit between NEAR and Ethereum, facilitating the effortless transfer of assets between the two chains. This ensures that users can fluidly move between both ecosystems without the need for third-party intermediaries.

The second initiative is Aurora, a layer-2 solution developed atop the NEAR Protocol. Aurora is crafted to be fully compatible with Ethereum, allowing Ethereum-based decentralized applications (dapps) to operate seamlessly on NEAR. This not only provides dapps with a high-speed environment but also extends the usability and reach of the NEAR Protocol to the vast Ethereum user base.

What Is The NEAR Token?

The NEAR token is the native cryptocurrency of the NEAR Protocol. Since the network is a PoS blockchain, NEAR is needed to become a node. It serves multiple purposes within the ecosystem:

- Staking and Security: NEAR tokens are staked by validators, who in return get the chance to participate in the block production and consensus processes. This staking mechanism ensures network security and trustworthy operation.

- Transaction Fees: Like most blockchain networks, NEAR Protocol charges fees for transaction processing. Users pay these fees using the NEAR token.

- Smart Contract Deployment: Developers deploying and running smart contracts on NEAR Protocol will need NEAR tokens to cover the associated costs.

NEAR Protocol's Impact on Finance

The world of finance is undergoing rapid transformation with the advent of decentralized finance (DeFi) applications. NEAR Protocol, with its focus on scalability and usability, provides a fertile ground for the development and operation of DeFi platforms. Its scalable infrastructure ensures that financial applications can handle high volumes of transactions, a must-have for any serious financial platform.

Moreover, NEAR's efficient fee structure provides a cost-effective alternative for developers and users alike, challenging traditional financial systems in terms of both speed and economy.

What Determines NEAR Protocol's Price

The NEAR Protocol, a significant player in the blockchain space, has been making waves with its innovative approach to decentralized application (dApp) development. The current price of the NEAR Protocol is influenced by a myriad of factors, including its unique technology and the vibrant ecosystem it fosters. As a Layer 1 blockchain, it stands out with its scalability and user-friendly features, pivotal factors in determining the current NEAR crypto price. The NEAR coin market cap is also significantly impacted by its native token, NEAR, which is utilized for transaction fees and storage on the platform, fostering a dynamic NEAR token price today.

An analysis of the NEAR Protocol's price reveals that its unique Nightshade sharding system plays a crucial role in price determination. This system allows the blockchain to scale horizontally, enhancing transaction speeds and reducing costs, which is a significant factor in the NEAR cryptocurrency price prediction for 2023. Moreover, the NEAR Protocol's focus on sustainability and user-friendliness makes it a promising venture in the crypto space, potentially influencing the NEAR Protocol coin price positively. The graph showcasing the history of NEAR Protocol price movements is also expected to be influenced by its compatibility with Ethereum through the Aurora Layer 2 scaling solution, combining the scalability of NEAR with the reach of Ethereum and offering a lucrative platform for dApp developers.

Furthermore, forecasts for the NEAR Protocol price are buoyed by its robust tokenomics. With a maximum supply of 1 billion NEAR tokens and a current market cap exceeding $1 billion as of September 2023, the NEAR Protocol is poised for substantial growth in the coming years. Live updates of the NEAR Protocol price indicate that it is expected to benefit from recent fundraising rounds, which have bolstered its financial position, enabling it to compete effectively with established players in the market. The current NEAR Protocol price in USD is hovering around $1.12, with speculations indicating a potential tripling in value over the next year, making it an attractive investment option.

How to buy NEAR Protocol (NEAR)

Buying NEAR Protocol on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy NEAR Protocol (NEAR) .

Trade NEAR perpetual futures

After having successfully signed up on Bitget and purchased USDT or NEAR tokens, you can start trading derivatives, including NEAR futures and margin trading to increase your income.

The current price of NEAR is $3.95, with a 24h price change of -4.58%. Traders can profit by either going long or short onNEAR futures.

Join NEAR copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or NEAR tokens, you can also start copy trading by following elite traders.

NEAR Protocol news

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Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

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Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

Coindesk2023/11/16 08:00#Business#Sushi#SushiSwap
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Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

Coindesk2023/07/25 12:47#Business#Twitter#DOGE
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The latest update you need to know about Friend.tech

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People are also inquiring about the price of NEAR Protocol.

What is the current price of NEAR Protocol?

We update our NEAR Protocol to USD price in real time. Get the live Price of NEAR Protocol on Bitget.

What is the 24 hour trading volume of NEAR Protocol?

Over the last 24 hours, the trading volume of NEAR Protocol is $336.65M.

What is the all-time high of NEAR Protocol?

The all-time high of NEAR Protocol is $20.42. This all-time high is highest price for NEAR Protocol since it was launched.

Can I buy NEAR Protocol on Bitget?

Yes, NEAR Protocol is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy NEAR Protocol guide.

Can I get a steady income from investing in NEAR Protocol?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy NEAR Protocol with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is NEAR Protocol a good investment?

Key to NEAR's prominence was the Aurora Ethereum Virtual Machine (EVM) launch, ushering in Ethereum compatibility coupled with reduced transaction costs. This move augments NEAR's appeal, offering a cost-efficient alternative for Ethereum enthusiasts. The debut of the Rainbow Bridge seamlessly bridged NEAR Protocol with Ethereum, the dominant dApp playground. This bridge, combined with alliances with heavyweight chains like Polkadot and Cosmos, amplifies NEAR's scalability and its allure for developers. NEAR's expanding toolkit and its positioning in the Web 3.0 frontier is drawing dApp developers in droves. As they flock, NEAR's on-chain activities are anticipated to surge, possibly buoying its market value even further.

What determines NEAR Protocol value and price?

The value and price of NEAR Protocol, like other cryptocurrencies, are influenced by a variety of factors: Supply and Demand: The most basic economic principle that drives the value of any commodity, including cryptocurrencies like NEAR, is the relationship between supply and demand. If demand increases (or supply decreases), the value is likely to rise. Technical Development and Updates: Upgrades, updates, or technical advancements on the NEAR platform can have a positive impact on its perceived value. Adoption by Developers: The more developers build on NEAR, the greater the utility and demand for the token. The growth of dApps and smart contracts on the platform can contribute to its value. Partnerships and Collaborations: Strategic collaborations with other companies, platforms, or even governments can significantly boost the perceived value and utility of NEAR.

What are the advantages of NEAR protocol?

NEAR Protocol has strategically positioned itself as a nexus for cross-chain interactions. Central to this is the Rainbow Bridge, facilitating seamless token transfers from Ethereum to NEAR. This bridge not only enhances liquidity but also encourages Ethereum users to experience the capabilities of the NEAR ecosystem.

Is NEAR Protocol a Layer 1 solution?

Near Protocol is a blockchain network at layer 1. It provides a platform for developers to create decentralized applications (dapps). Near Protocol is both faster and less expensive than Ethereum. More importantly, it is expected to be faster than some of the other major competitors.

What is unique about NEAR Protocol?

In April 2021, the NEAR team introduced the Rainbow Bridge, a groundbreaking solution to facilitate the seamless transfer of ERC-20 tokens between Ethereum and NEAR Protocol. This is what is known as bridging.

What is NEAR Protocol used for?

The NEAR token, representing the core of the NEAR Protocol, serves multiple vital roles within its ecosystem. As the network's native cryptocurrency, it facilitates transactions, acting both as a medium of exchange and a mechanism for allocating transaction fees. Beyond mere transfers, the NEAR token is instrumental in rewarding network participants. Additionally, token holders are empowered to engage in network governance, influencing the protocol's evolution. Furthermore, staking capabilities within the NEAR network offer token holders potential passive returns, underscoring the token's multifaceted utility.
Cryptocurrency investments, including buying NEAR Protocol online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy NEAR Protocol, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your NEAR Protocol purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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NEAR is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support NEAR trades.
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insight536/750
13054.94%
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Total profit $16,263.36
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insight993/1000
569.42%
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Total profit $3,278.24
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