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The NEAR Protocol project appeared in the cryptocurrency rating in October 2020. The starting price of the NEAR coin was slightly above $ 1. In March 2021, when the bull season began, the NEAR coin managed to rise in price to $ 7. The second wave of the bull rally raised the coin to $ 20. This happened in January 2022, which was a little strange, since Bitcoin was already falling in January. The bear cycle had already begun for it. It is quite possible that the NEAR coin simply rose in price with a delay of 1.5 months.
Over the next 3 months, NEAR fell sharply to $ 8. However, in April it rose again to $ 17.5. Bitcoin also rose in price in April from $ 38 to 48 thousand. So we can assume that the NEAR coin exactly followed Bitcoin. If the cryptocurrency reacts to the movement of the market leader, then this is a good sign.
The next 2.5 years were dominated by bears. The price of NEAR dropped to $1. This happened in October 2023.
But then the bulls came. The first bullish wave pushed NEAR to $9. This happened in March 2024. All investors were eagerly awaiting the second bullish wave.
And here it is. Today, November 21, NEAR is trading at around $5.7. And this is despite the fact that Bitcoin is already worth almost $100,000. A very weak result. Investors expected something completely different. But let's not get discouraged, and remember that this coin can surprise - it used to rise in price 2 months later. Perhaps the same thing will happen this time. When the market turns around and goes down, it might make sense to buy NEAR coins.
Our forecast for NEAR Protocol for 2025.
When Bitcoin is above $110,000, NEAR may shoot up to $20. Or even $30.