Among the top cryptocurrencies that are getting a lot of attention lately are NEAR Protocol (CCC:NEAR-USD). This proof-of-stake blockchain has seen developer interest increase. This has generated value for the network’s application ecosystem and has prompted many investors to consider the NEAR protocol price predictions.
NEAR Protocol is part of the blockchain networks that seek to develop the decentralized application space, and Web 3.o. By encouraging the construction of new projects, NEAR Protocol hopes to bring blockchain to the masses.
To accomplish this, NEAR Protocol announced another $150 million funding round to promote Web 3.0 adoption. This funding round included leading financiers, including Andreesen Horowitz and Capital of the three arrows. This $150 million funding comes on top of roughly $800 million invested in new insiders in the DeFi space in 2021. So, it looks like big backers are backing this project. Indeed, for crypto investors, this is a very good thing.
Accordingly, let’s dive into the direction experts think NEAR might take from here.
NEAR Protocol Price Predictions: What’s Next for NEAR Crypto?
For context, NEAR is currently trading at $20.02 at the time of writing.
- Wallet Investor provides one-year and five-year price targets of $26.68 and $78.13, respectively, for NEAR.
- Similarly, Gov Capital predicts that NEAR could reach $47.48 in one year and $338.33 in five years.
- Finally, Currency.com points out that a price prediction for 2023 was between $24.15 and $42.78 for NEAR.
As of the date of publication, Chris MacDonald had (directly or indirectly) no position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.
Article printed by InvestorPlace Media, https://investorplace.com/2022/01/near-protocol-price-predictions-where-will-150m-take-the-near-crypto/.
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