NEAR Protocol Analysis Bullish On 1D NEAR has more potential than Solana.
Infrastructure projects are now being created in the NEAR ecosystem. The active phase of the project's development has begun. My opinion is that we will see the price for 1 NEAR above $50 in the long run. NEAR is close to updating the ATH . The nearest strong resistance is around $20. NEAR has a strong team that is focused on cooperation in the market, not competition.
NEAR is used to pay for transaction fees and storage. NEAR tokens can also be staked by token holders who participate in achieving network consensus as transaction validators. NEAR Protocol is focused on creating a user-friendly platform.
The NEAR ecosystem announced a monumental $800 million in funding initiatives targeted at accelerating growth.
The announcement, which includes the $350 million in funding announced by Proximity Labs is designed to build on the momentum in the NEAR ecosystem over the last 12 months.
While NEAR is giving all communities access to this record amount of funding, it will be focusing on Decentralized Finance (DeFi) teams who are actively revolutionizing and reimagining the way we interact with money.
There are now more than 1.3 million active accounts on the network,
according to the statement. DeFi projects on NEAR have already hit a significant milestone of more than $150M Total Value Locked ( TVL ). NEAR has an ambitious goal to grow that number quickly and securely. NEAR is also actively looking for projects focused on NFTs, DAOs, and gaming.
NEAR’s next chapter is all about fostering growth by helping developers access best-in-class support and providing users with a frictionless experience using and navigating the web3 world. New funding helps accelerate this process.
Of the $800 million in funding, $100 million will be allocated to Startup Grant Pools. More than 20 startups will be identified and given $5M each in funding to redistribute to key stakeholders – the ecosystem ultimately decides who gets funding.
Some $250 million will be allocated to ecosystem grants helping existing projects further develop and scale. The remaining $100M will be allocated to Regional Funds: money allocated to foster the development of NEAR’s largest community regions in Asia, Europe, and the US.
It’s backed by venture-capital firms such as Andreessen Horowitz’s AI6Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.
Coming soon, Aurora IDO is an EVM built on the NEAR protocol that provides developers with a turnkey solution for running applications on an Ethereum-compatible, high-performance, scalable, and future-safe platform with low fees.
Stay tuned for future news, updates, and more.
Best regards,
Muhammad Ghazanfar
Nearbreakout
NEAR: potential long tradeGartley harmonic pattern has been formed in the daily Timeframe. In case of Harmonic patterns, our job is not pattern forecasting, but waiting for the pattern to form, and taking adequate position. In case of NEAR, Gartley has already formed and we are waiting for reversal patterns, such as a Pinbar, or Harami. No such candlestick pattern has been formed, so patience is suggested.
Don't miss the great buy at NEARUSDTHi guys !
First of all happy new year to my Persian friends ❤️ !
I buy it on 6.3 in the triangle but for publishing, I'm waiting to break the bearish trend of the triangle and then publish it for you!
Although the next retracement at 6.6 doesn't break yet, you can buy it in pullbacks of the triangle in the first step and then buy again after braked the 6.6 in the second step!
Entry price :
1: 6.38-6.40
2: 6.60 ( after a sure break )
TAKE PROFITS :
Short term
TP1: 7.45
TP2: 7.90
Long term
TP3: 8.26
TP4: 9
STOP LOSS :
Short term
SL1 : 5.77 OR below the bullish trend of a triangle
Long term
SL2 : 5.41 OR below the support line that I determined
Happy New Year again and hope to take a lot of profit on everything and be healthy whit your family ❤️❤️❤️
NEAR/USDT Prediction AnalysisGood Morning to All Respected Investors and Traders,
I made a simple analysis about NEAR/USDT
I reckon you guys to entry the market at my sign!!
Also TP at "Potential Target" 1 and 2
Happy trading y'all !!
Critiques and Comments are really appreciated
Thank You!!
PS: This not Financial Advisory or even education. PLEASE DYOR !!!!
NEAR / BTC bullish Breakout ?NEAR / BTC
just broke descending channel pattern
If bulls keep pushing and hold the price above trendline resistance the next potential target will be around 700 sats lr more
If bulls lost and price return into channel again and break horizontal support below (red color) it will find a new bottom
Please have a plan before trading
Good luck
Near is looking bullish, But WAIT!Near is looking great short term, however on the 1day chart it clearly shows consolidation. I would Hold off about a week and wait until the volume pushes us over the first yellow arrow (25 day moving average line and SSL Chanel line) Once it completes this and or Hits 0.0000377 Feel free to go ahead and throw your stack in ;) I think Near is a solid project with a solid team and should have no problem making gains in the future. Cheers!