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
NEARUSDT
NEARUSDT Analysis (potential ED)Hello friends.
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Everything on the chart.
ED - gray option.
open pos: market and lower
target: 12 - 14 - 16
after first target reached move ur stop to breakeven
stop: under 6 (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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CRYPTO - NEAR - Triple bottom. Get long CRYPTO - NEAR - Triple bottom. Selling is weakening. Massive buying pressure around. Triple bottom. Time to fly through to 11.50 to start.
Volume - A massive green candle showing interest is there
RSI - higher on each new low showing selling strength is weakening.
STO - Bottomed out and ready for a bounce.
Buy at 9.25
Target 1 is 11.50
Stop 8.50
NEARUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market and lower(11-9)
target: 14 - 17 - 19
after first target reached move ur stop to breakeven
stop: ~7.1(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3.5
Good luck everyone!
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It's not financial advice.
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NEAR/USDT Shorts, some of my callsThe green lines are the shorts I have made over the past 36 hours, the very top one was closed under $9.
NEAR has been overbought even since the 12.4.2021 crash it has trended up more than any other coin when the rest of the market had been showing signs of a clear trend down.
In my opinion crypto market cap revisits $1.7T at least, if not $1.2T before a possible bounce back to a new ATH in Q1 which would complete a third psychological market cycle within the macro cycle started in fall 2020.
That would look like BTC in $40k zone or $30k zone.
The red lines are the local lows and I have highlighted my first profit taking zone for the next 48 hours starting at 21:00 12/13/2021.
Sell NearUSDT and Buy Back in 2 Days From NowHello guys
It seems like bitcoin volatility is too high. You may know Bitcoin is the mother coin of Crypto Markets. Every coin depends on Bitcoin. NearUSDT looks like a big high. But don't purchase Yet... Buy after 2 days... Follow the chart for Pricing...
NEAR - Outlook ✅Let's see how NEAR is behaving.
This is a 1D chart.
The Fib retracement shows that the price is going to the higher levels, approaching retest the resistance and ATH areas.
The market is showing STRONG BUY volumes for NEAR.
Two support areas are holding the price up in case of sudden crashes. And two resistance levels are pushing down on value (one of which is the ATH level.)
NEAR has become overbought six times in the past few months.
The RSI shows that NEAR is above the 50 levels, the center. Given that we're looking at a 1D chart, we might conclude that near might retest ATH once more.
Now is it a good time to enter and buy this coin? I would have waited for a clean and confirmed breakout. But hey, it's just me.
But if you want to wait for the breakout, you should wait until we break the ATH level, and then after closing a 1D candle above that area and turning our resistance into solid support, that's when you can enter.
But this time is a good window if you think it is not a FOMO to get into it now and want short-term profits.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $11.114
Let me know your ideas.
Good luck.
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NEARUSDT Technical Analysis💎 NEARUSDT has broken above the descending channel and the major resistance. The price is back for the pullback and retest. After seeing a bullish setup we can go long.
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 9.302 - 8.000
☕️ TP1 10.167
🍺 TP2 11.198
🍻 TP3 12.086
🍾 TP4 13.000
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 7.905 - 6.900
Good Luck 🎲
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NEAR/USDTNear has a big support above it's head, MACD seems to be crossing, RSI shows some weakness in shortterm. I expect the price to correct a little bit to the 8.9 area which may be first good entry and then I marked on the red another place for entry which is the best in my opinion because there is 0.618 fibo + MA and support which previously was our resistance.
I mainly will be looking to entry in area of confluence which is at 0.618 fibo.
It is not a financial advice, I'm just sharing my personal view.
NEAR setting up to reclaim ATH?Please refer to chart, driving right now, so cannot get into the details.
Chart is showing strength on RSI on the daily as well, similar to what was seen on the 13th October run that gave us a new ATH.
DO NOT BUY until atleast one green 4 hour candle closes above 9.4 (highlighted in yellow).