Could NEAR Cryptocurrency be the Next AVAX?

Could NEAR Cryptocurrency be the Next AVAX?

Cryptocurrency
September 7, 2021 by Editor's Desk
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Not too long ago, the world viewed cryptocurrency as a word that had 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
NEAR Cryptocurrency

Not too long ago, the world viewed cryptocurrency as a word that had 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 that is often unable to withstand a recession or the pandemic at the least.

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

 

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 certain 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.

 

The protocol was created primarily to serve as an Infrastructure for Innovation for hosting decentralized applications (dapps). It comes as no surprise that it is being mentioned in comparison to other big giants like Ethereum and the likes. NEAR Protocol has NEAR as its native token, and it is used to pay for transaction fees and storage. The true potential of a new ecosystem championed by the NEAR protocol is being unlocked as silos are being 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 there are growing consumer demands. Being a system hinged on economic fairness, the NEAR protocol has significantly eroded the role of intermediaries by bringing all financial solutions on a decentralized infrastructure.

 

Investors are already signing up for the NEAR coin, which has a plethora of offerings and is fast and 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 NEAR price to be on a long-term increase. For example, wallet investors predicted the future NEAR price forecast for 2026 as $17.32., noting that 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 it is advisable to add a NEAR token to your portfolio as it holds long-term earning potential and may offer a good return on investment. Thus, even in the face of risk, NEAR seems to be an excellent long-term investment.

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.