NEAR Protocol is a sharded, developer-friendly, proof-of-stake public blockchain. It is a multi-purpose platform that allows developers to create a wide range of DApps.
NEAR is a decentralised application development platform (DApps). It is built on the NEAR Protocol, which supports its developer-friendly, public, sharded platform with a proof-of-stake (PoS) consensus mechanism. Its scalability and low cost make it appealing to developers who are creating DApps. It’s also climate-neutral, which means the platform has made a conscious decision to measure, reduce, and offset its carbon footprint through green initiatives. Even newcomers who aren’t too familiar with DApps can benefit from NEAR’s smoother onboarding process, which doesn’t require multiple steps or involve pop-ups. Let us review the NEAR price
NEAR Price Prediction
Bullish Scenario: NEAR broke the bearish downtrend line on the lower time frame like 4hour(4H) and is trading above the support zone of $14. If it stays above this zone and the resistance level at $17.95 is broken then we could start seeing a move towards $20.60, $23.80 and above.
Bearish Scenario: NEAR has been in an uptrend channel since the last few weeks but we can’t ignore the bearish scenarios altogether. So failure to hold the support at $11.50 and breaking below $9.60 could lead to a drop towards $7.60 and below.
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