- Analysts share price expectations for Near Protocol (NEAR) this bull cycle.
- In the short term, analyst encourages accumulation for a 3x – 5x price pump.
- In the long term, analyst expects new ATH at $50 and advocated heavy accumulation.
Bitcoin (BTC) is up to the $61,000 price mark and the asset is up by 3.1% in the last 24 hours and up by 7.2% in the last 7 days. This bullish momentum has led to a bullish surge among altcoin price expectations as well.
While many altcoins like VET, INJ, XRP, JASMY, SOL, ETH, and other popular tokens are all showing exciting bullish signals, Near Protocol’s (NEAR) is one of the tokens set to make a parabolic pump this crypto bull run cycle.
NEAR Price Expects 3x – 5x for the Short Term
According to CoinMarketCap analytics, NEAR price is presently at $4.25 and the asset is up by 5.71% over the last 24 hours. The altcoin also boasts a total market cap of $4,743,866,613 and a 24-hour trading volume of $209,065,251. The previous ATH for near is set at $20.42.
As we can see from the post above, the expectations for NEAR price to pump in the coming months marks it for a target of 3x – 5x according to one analyst. This user says it is a great opportunity for traders to accumulate NEAR between the $3.6 and $4.08 price range.
NEAR Will Set a New ATH at $50 This Bull Cycle
Meanwhile, another popular crypto analyst and trader shares his price expectations for NEAR price including a possible new ATH for NEAR. He first expected NEAR price to drop below $1, which the asset did in October 2023.
Since then he’s been highly advocating for users to accumulate on NEAR. He says the asset will face resistance at $6.5 but once it breaks through this first price target then NEAR is set to make a new ATH in 2025. He expects a bull market top of $50 for NEAR at the peak of this bull cycle.
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