Could NEAR Cryptocurrency be the Next AVAX?

Could NEAR Cryptocurrency be the Next AVAX?

Cryptocurrency
July 14, 2022 by Editor's Desk
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Not long ago, the world viewed cryptocurrency as a word with fishy undertones or some form of underworld banking system where evasive people transact. Still, recently, there has been a wholesome paradigm shift, and more people and countries have become receptive to the crypto world. The world has seen cryptocurrency as more reliable than the
Could NEAR Cryptocurrency be the Next AVAX?

Not long ago, the world viewed cryptocurrency as a word with fishy undertones or some form of underworld banking system where evasive people transact. Still, recently, there has been a wholesome paradigm shift, and more people and countries have become receptive to the crypto world. The world has seen cryptocurrency as more reliable than the fiat system, which is often unable to withstand a recession or a pandemic.

These days, digital currencies are gaining momentum and are standing firm against all forms of monetary storms. Popular cryptocurrencies are leading the area, which include Bitcoin, Ethereum, and recently NEAR. The entire cryptocurrency space is decentralized and is built on the blockchain algorithm.

 

NEAR protocol, Raising Eyebrow 

Although NEAR does not boast of the same popularity as Bitcoin, following the widespread growth and attention of Solana, AVAX, and Luna, NEAR looks sure to be the next big thing. NEAR protocol is the brainchild of famous developers Alex Skidanov and Illia Polosukhin, both of whom have extensive experience in programming.

 

NEAR Protocol has NEAR as its native token and is used to pay for transaction fees and storage. The protocol was created primarily as an Infrastructure for Innovation for hosting decentralized applications (dapps). It is no surprise that it is being mentioned compared to other big giants like Ethereum and the likes. The potential of a new ecosystem championed by the NEAR protocol is being unlocked as silos are removed from the network, allowing quick, secure, and low-cost payment gateways to be realized. 

 

The NEAR Advantage

Projects are being built on the NEAR ecosystem, and consumer demands are growing. Being a system hinged on economic fairness, the NEAR protocol has significantly eroded the role of intermediaries by bringing all financial solutions into a decentralized infrastructure.

 

Investors are already signing up for the NEAR coin, which has many offerings and is fast, reliable, and cost-efficient. The NEAR protocol is user-friendly and incorporates features like human-readable account names instead of only cryptographic wallet addresses. Also, it has a different approach to scalability through sharding. It has helped provide solutions by communicating and validating transactions to other nodes. Check out this tweet to see how a project on the NEAR ecosystem is faring.

 

The NEAR Boom!

Although the crypto space is volatile and difficult to predict, some top experts predict that the NEAR price to be on a long-term increase. For example, wallet investors predicted the future NEAR price forecast for 2026 as $17.32. With a 5-year investment, the revenue is expected to be around +359.28%.

The growth tendency of the NEAR protocol led the Digital Coin Price to predict that the coin might hit its next resistance level of $5.52 by the end of this year. 

Source: Twitter – The insane APR on Ref Finance (A project on NEAR)

With the optimistic predictions and analysis, experts have noted that adding a NEAR token to your portfolio is advisable as it holds long-term earning potential and may offer a good return on investment. Thus, NEAR seems to be an excellent long-term investment even in the face of risk.

Twitter influencers like Oddgems are up on the wave and future of the NEAR protocol. Without a doubt, the NEAR protocol is out as the next big thing in the crypto space. To know more about the NEAR protocol, click here.

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