{"id":601767,"date":"2024-04-06T17:00:38","date_gmt":"2024-04-06T17:00:38","guid":{"rendered":"https:\/\/wncen.com\/?p=601767"},"modified":"2024-04-06T11:03:24","modified_gmt":"2024-04-06T11:03:24","slug":"breakout-of-the-year-crypto-analyst-predicts-where-near-is-headed-next","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/breakout-of-the-year-crypto-analyst-predicts-where-near-is-headed-next\/","title":{"rendered":"Breakout Of The Year? Crypto Analyst Predicts Where NEAR Is Headed Next"},"content":{"rendered":"

The price of <\/span>Near Protocol\u2019s native token, NEAR<\/span><\/a>, has been on an upward momentum recently, with a crypto analyst projecting further price increases and suggesting that the coin could see a surge to more than $10 soon.<\/span><\/p>\n

Related Reading: Solana Primed For Takeoff? Expert Analysis Points To Buying Opportunity<\/a><\/div>\n

Near Protocol Price Poised For $10 Surge<\/b><\/h2>\n

Popular crypto trader and analyst, identified as Bluntz on X (formerly Twitter) has <\/span>unveiled<\/span><\/a> a major price prediction for <\/span>NEAR<\/span><\/a>. The analyst disclosed that the price of NEAR is exhibiting historical patterns indicative of a bullish rally, potentially surpassing $10.<\/span><\/p>\n

\n

$near<\/a> turbo sends here imo pic.twitter.com\/4o28UEsfE1<\/a><\/p>\n

\u2014 Bluntz (@Bluntz_Capital) April 3, 2024<\/a><\/p><\/blockquote>\n

Bluntz, a pseudonymous analyst known for his eerily accurate prediction of Bitcoin (BTC) in June 2018, forecasted that the <\/span>price of BTC<\/span><\/a> would hit a bottom out at $3,200 after reaching an all-time high of $20,000 at the time. True to his foresight, Bitcoin dropped to around the projected price target by December of the same year.\u00a0<\/span><\/p>\n

Now, using technical analysis based on the Elliott Wave principle, Bluntz has shared a price chart displaying <\/span>Near protocol\u2019s potential rally<\/span><\/a> to over $10.\u00a0<\/span><\/p>\n

<\/p>\n

NEAR market cap currently at $7.4 billion. Chart: TradingView.com<\/a><\/pre>\n

The Elliott Wave theory<\/span><\/a>, developed by Ralph Nelson Elliott is a technical methodology that analyzes recurrent and long-term price patterns related to persistent changes in investor sentiment and psychology. This technical tool is used to predict the price movements of cryptocurrencies based on greed and fear.\u00a0<\/span><\/p>\n

Bluntz provided two charts depicting Near Protocol\u2019s price movements against Tether (USDT) and another against Bitcoin.\u00a0<\/span><\/p>\n

In both charts, Near Protocol had undergone a sequence of price fluctuations, moving between green and red zones before exhibiting strong price fundamentals that could potentially propel its price above $10. The crypto analyst has pinpointed a projected timeline for this price surge around mid April, specifically before the 15th.<\/span><\/p>\n

Insights Into NEAR\u2019s Recent Price Movements<\/b><\/h2>\n

Over the past month, the price of Near Protocol has been on a steady upward trend, boasting an impressive 26% increase. Moreover, the cryptocurrency\u2019s total market capitalization has risen by over 6%, accompanied by a 25% increase in its 24-hour trading volume.\u00a0<\/span><\/p>\n

Related Reading: Trouble Ahead? Binance Coin Futures Market Under Pressure With Negative Funding Rates<\/a><\/div>\n

At the time of writing, Near Protocol is trading at $7.09, reflecting a significant increase of 5.89% in just one day, according to CoinMarketCap. These developments highlight the increasing appeal and demand for the popular token within the dynamic crypto space.<\/span><\/p>\n

Illia Polosukhin, co-founder of Near Protocol has also <\/span>commended<\/span><\/a> the NEAR team\u2019s consistent efforts in maintaining the cryptocurrency\u2019s steady growth and development over the past few months. Polosukhin noted that due to the team\u2019s dedication, Near Protocol\u2019s capacity has surged by 50%, ensuring a more effective network to serve users.\u00a0<\/span><\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The price of Near Protocol\u2019s native token, NEAR, has been on an upward momentum recently, with a crypto analyst projecting further price increases and suggesting that the coin could see a surge to more than $10 soon. Related Reading: Solana Primed For Takeoff? Expert Analysis Points To Buying Opportunity Near Protocol Price Poised For $10 Surge Popular crypto trader and analyst, identified as Bluntz on X (formerly Twitter) has unveiled a major price prediction for NEAR. The analyst disclosed that the price of NEAR is exhibiting historical patterns indicative of a bullish rally, potentially surpassing $10. $near turbo sends here imo pic.twitter.com\/4o28UEsfE1 \u2014 Bluntz (@Bluntz_Capital) April 3, 2024 Bluntz, a pseudonymous analyst known for his eerily accurate prediction of Bitcoin (BTC) in June 2018, forecasted that the price of BTC would hit a bottom out at $3,200 after reaching an all-time high of $20,000 at the time. True to his foresight, Bitcoin dropped to around the projected price target by December of the same year.\u00a0 Now, using technical analysis based on the Elliott Wave principle, Bluntz has shared a price chart displaying Near protocol\u2019s potential rally to over $10.\u00a0 NEAR market cap currently at $7.4 billion. Chart: TradingView.com The Elliott Wave theory, developed by Ralph Nelson Elliott is a technical methodology that analyzes recurrent and long-term price patterns related to persistent changes in investor sentiment and psychology. This technical tool is used to predict the price movements of cryptocurrencies based on greed and fear.\u00a0 Bluntz provided two charts depicting Near Protocol\u2019s price movements against Tether (USDT) and another against Bitcoin.\u00a0 In both charts, Near Protocol had undergone a sequence of price fluctuations, moving between green and red zones before exhibiting strong price fundamentals that could potentially propel its price above $10. The crypto analyst has pinpointed a projected timeline for this price surge around mid April, specifically before the 15th. Insights Into NEAR\u2019s Recent Price Movements Over the past month, the price of Near Protocol has been on a steady upward trend, boasting an impressive 26% increase. Moreover, the cryptocurrency\u2019s total market capitalization has risen by over 6%, accompanied by a 25% increase in its 24-hour trading volume.\u00a0 Related Reading: Trouble Ahead? Binance Coin Futures Market Under Pressure With Negative Funding Rates At the time of writing, Near Protocol is trading at $7.09, reflecting a significant increase of 5.89% in just one day, according to CoinMarketCap. These developments highlight the increasing appeal and demand for the popular token within the dynamic crypto space. Illia Polosukhin, co-founder of Near Protocol has also commended the NEAR team\u2019s consistent efforts in maintaining the cryptocurrency\u2019s steady growth and development over the past few months. Polosukhin noted that due to the team\u2019s dedication, Near Protocol\u2019s capacity has surged by 50%, ensuring a more effective network to serve users.\u00a0 Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":601774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,88164,85054,86783,4728],"class_list":["post-601767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-memecoins","tag-near","tag-near-protocol","tag-token"],"acf":[],"yoast_head":"\nCrypto Analyst Predicts Where NEAR Is Headed Next<\/title>\n<meta name=\"description\" content=\"The price of Near Protocol\u2019s native token, NEAR, has been on an upward momentum recently, with a crypto analyst projecting further price increases and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/breakout-of-the-year-crypto-analyst-predicts-where-near-is-headed-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Analyst Predicts Where NEAR Is Headed Next\" \/>\n<meta property=\"og:description\" content=\"The price of Near Protocol\u2019s native token, NEAR, has been on an upward momentum recently, with a crypto analyst projecting further price increases and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/breakout-of-the-year-crypto-analyst-predicts-where-near-is-headed-next\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-06T17:00:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-06T11:03:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_27b3f7.jpg?fit=4656%2C2448\" \/>\n\t<meta property=\"og:image:width\" content=\"4656\" \/>\n\t<meta property=\"og:image:height\" content=\"2448\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/breakout-of-the-year-crypto-analyst-predicts-where-near-is-headed-next\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/breakout-of-the-year-crypto-analyst-predicts-where-near-is-headed-next\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Breakout Of The Year? 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Breakout Of The Year? 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