{"id":601767,"date":"2024-04-06T17:00:38","date_gmt":"2024-04-06T17:00:38","guid":{"rendered":"https:\/\/www.ktsl888.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:\/\/www.ktsl888.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:\/\/www.ktsl888.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:\/\/www.ktsl888.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:\/\/www.ktsl888.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:\/\/www.ktsl888.com\/news\/breakout-of-the-year-crypto-analyst-predicts-where-near-is-headed-next\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/breakout-of-the-year-crypto-analyst-predicts-where-near-is-headed-next\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Breakout Of The Year? 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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. 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