2021-12-14 19:21 |
NEAR Protocol NEAR/USD is a layer-one blockchain specifically designed to be community-run as a cloud computing platform that eliminates limitations such as low transaction speeds, low throughput, and low interoperability.
The NEAR token is the native utility token responsible for powering the NEAR Protocol blockchain and all applications that use it.
Development of the NEAR Protocol as a catalyst for growthOn December 6, we discussed the sell-off that occurred with the NEAR token.
NEAR Protocol has taken the crypto world by storm through its recent price surge.
In fact, within the last 12 months, the token has seen a growth from $0.9933 on December 14, 2020, to $9.8487 on December 13, 2021. This is a growth of 890% throughout the span of the last 24 months.
On November 15, NEAR Protocol launched Simple Nightshade, their first step towards a fully sharded blockchain. Through this launch, sharding went live on NEAR and opened the doors for an increased level of scalability and performance.
On December 11, NEAR Protocol also announced the “Near Tiger Academy,” which is their collection of 2,000 algorithmically generated NFTs on the NEAR Protocol.
All of these developments have the potential to further increase the value of the NEAR token.
Should you buy NEAR Token (NEAR)?On December 13, NEAR Token (NEAR) had a value of $9.84.
To see what this value point means for the NEAR token, we will go over its all-time high value as well as its recent performance in November.
In terms of the all-time high value of the NEAR token, it went as high as $13.20 on October 26.
Here, we can see that at its ATH value point, the token was $3.36 higher in value or by 34% when compared to its value on December 13.
When we go over its more recent performance In November, we can see that on November 11, the token had its highest value at $12.41.
However, its lowest value of the month was on November 28, when the token fell to $7.82.
Here, we can see that the token decreased in value by $4.59 or by 37%.
However, from November 28 to December 13, the NEAR token increased value by $2.02 or 26%.
With this in mind, we can expect Near Token (NEAR) to reach a value of $11 by the end of December, making it a solid buy.
The post NEAR token price forecast: can the NEAR token reach a new ATH ? appeared first on Invezz.
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