Near Coin Market Cap Market Analysis and Data

Near Coin Market Cap has experienced significant growth, with its market capitalization reaching $10 billion at its peak.

This is a substantial increase from its initial market capitalization, which was around $100 million.

The Near protocol's unique architecture, which combines the benefits of sharding and off-chain transactions, has contributed to its growth.

As a result, Near Coin has attracted the attention of many investors and developers, who see its potential for scalability and usability.

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NEAR Protocol is a next-generation blockchain platform designed to be scalable and user-friendly.

It's built to make it easier for developers to build decentralized applications, or dApps, without the high costs and environmental impact of existing blockchains like Ethereum.

NEAR uses a unique technology called "sharding" to handle large amounts of data and transactions, which helps keep the network fast and costs low.

This innovative approach allows NEAR to process a high volume of transactions while maintaining a low cost, making it an attractive option for developers and users alike.

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NEAR Protocol is a next-generation blockchain platform designed to be scalable and user-friendly, making it easier for developers to build decentralized applications (dApps). It's like a more efficient and eco-friendly version of existing blockchains like Ethereum.

The NEAR Protocol was founded by Illia Polosukhin, a former Google employee, and Alexander Skidanova, a former software developer at Microsoft and MemSQL, in 2017. They initially planned to build an AI project named Near.AI on the Ethereum Blockchain.

NEAR uses a unique technology called "sharding" to handle large amounts of data and transactions, which helps keep the network fast and costs low. This sharding technology is divided into smaller units called sub-chains.

To become a validator on the NEAR network, a user has to stake some amount (67,000 $NEAR) of coins and requires minimum hardware requirements (8-core CPU, 20GB RAM, and 1TB SSD storage.).

The NEAR Protocol has a consensus mechanism called Doomslug, which enhances the efficiency and speed of block finalization. It employs a two-round consensus process, allowing for near-instantaneous finality.

Here's a brief timeline of the NEAR Protocol's development:

NEAR Protocol is a unique project that stands out from the rest. It uses Nightshade sharding, which allows the network to scale efficiently by processing transactions in parallel across multiple shards.

One of the key features that sets NEAR apart is its focus on accessibility. It offers human-readable account names and easy wallet recovery options, making it easy for users to navigate the platform.

The protocol also provides grants and support to developers, encouraging the creation of decentralized applications (dApps). This has led to a thriving ecosystem of innovative projects.

NEAR is committed to being environmentally conscious, offsetting its carbon footprint and striving for sustainability. This is a notable aspect of the protocol's overall approach.

Doomslug, a variation of Proof-of-Stake (PoS), is used to ensure rapid finality and security on the network. This consensus mechanism is a key component of NEAR's architecture.

The Rainbow Bridge enables seamless interactions with other blockchains, making it easy for users to move assets between platforms. This level of interoperability is a significant advantage for users.

Low transaction fees are another key benefit of using NEAR. The platform's economic viability makes it an attractive option for users and developers alike.

The circulating supply of NEAR Protocol token is a significant 1,174,517,409 NEAR. This is the total amount of tokens available for trading.

The live price of NEAR Protocol is currently at 4.66, which is a notable figure. However, it's essential to consider the 24-hour volume, which is a substantial 337,250,953.

Here's a breakdown of the circulating supply over different time periods:

The decentralized exchange (DEX) volume is zero, while the centralized exchanges (CEX) volume is 337,250,953. This indicates a significant amount of trading activity on CEX platforms.

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The NEAR Protocol network is secured through a variation of the proof-of-stake consensus mechanism called Doomslug, which allows for near-instant finality by having validators take turns producing blocks.

Doomslug is based on two rounds of consensus, where a block is considered finalized as soon as it has received the first communication round. This approach eliminates the need for direct competition based on stake, making the network more efficient and secure.

Rainbow, a NEAR-Ethereum bridge, has successfully thwarted two attacks, with the second hack attempt resulting in the hacker losing 2.5 ETH. This demonstrates the effectiveness of NEAR's security measures in protecting against malicious activity.

In September 2022, NEAR protocol successfully mitigated two vulnerabilities on Aurora, its Ethereum sidechain, through its bug bounty program. This proactive approach to security has helped to strengthen the overall integrity of the network.

The NEAR Protocol market cap is a crucial metric to understand its value and ranking among cryptocurrencies. As of January 13, the market capitalization of NEAR Protocol is $5.5 billion, ranking it #30 among all cryptocurrencies.

NEAR Protocol's market cap has fluctuated over time, with a fully diluted market cap (FDV) of $5.2 billion. This calculation is based on the total supply of NEAR Protocol, which is not available, so the max supply is used instead.

The current price of NEAR Protocol is $4.66 USD, with a 24-hour trading volume of $337,083,063 USD. This is a significant decrease of 7.76% in the last 24 hours.

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Here's a quick overview of NEAR Protocol's market data:

The circulating supply of NEAR Protocol is 1,174,517,409 coins, and the max supply is not available. The market cap of NEAR Protocol is significantly higher than the average market cap of other cryptocurrencies launched in 2021, which stands at $628K.

The performance of NEAR coin has been quite impressive, with a total supply of 1.2 billion coins as of 2024. This includes a circulating supply of 1.11 billion coins.

NEAR coin has a 5% inflation rate per year, which means that an additional 5% supply is issued annually as epoch rewards to support the network. This inflation rate is designed to support the network and reward validators and developers.

The NEAR coin reached an all-time high of $20.44 on January 16, 2022, and hit an all-time low of $0.53 on November 4, 2020. This significant price fluctuation highlights the volatility of the cryptocurrency market.

Here's a breakdown of NEAR coin's quarterly returns over the past few years:

As you can see, NEAR coin's quarterly returns have been quite volatile, with some quarters experiencing significant growth and others experiencing significant losses.

The NEAR Protocol's daily price chart is sending mixed signals, but one thing is clear: the short-term trend is bearish. The Relative Strength Index (RSI) is at 42.64, indicating that the price is in a natural state.

The Commodity Channel Index (CCI) is extremely low at -171.76, suggesting that it's a good time to buy. The Williams Percent Range (WPR) is also oversold at -90.58.

Here's a breakdown of the moving averages:

The Average Directional Index (ADX) is at 38.28, which is in a natural state. The Ultimate Oscillator is also at 38.28, indicating a natural state.

You can buy NEAR Protocol on multiple exchange platforms, including Binance, Huobi Global, Mandala Exchange, and OKX.

NEAR tokens are listed on 124 exchange platforms, making it easily accessible to a wide range of users.

Some popular exchange platforms for trading NEAR Protocol are Binance, KuCoin, Gate.io, Huobi, and MEXC, offering various exchange pairs such as NEAR/USDT, NEAR/BTC, and NEAR/ETH.

US users can also buy NEAR on Coinbase, Kraken, Gemini, and other platforms, making it convenient for those in the USA to get involved with NEAR.

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You can buy NEAR Protocol on various exchange platforms, including Binance, Huobi Global, Mandala Exchange, and OKX.

As of 2024, NEAR tokens are listed on 124 exchange platforms, with up to 92 being CEX and 32 being DEX.

Some popular exchange platforms for trading NEAR protocol are Binance, KuCoin, Gate.io, Huobi, and MEXC.

You can also find NEAR/USDT, NEAR/BTC, NEAR/ETH, NEAR/USD, and NEAR/USDC exchange pairs on these platforms.

US users can access NEAR on platforms like Coinbase and Binance, as well as Kraken, Gemini, and others.

Wrapped Near, being the native token for managing transaction fees, storage costs, and staking activities on the NEAR Protocol, is also available on these platforms.

This token plays a crucial role in ensuring the smooth operation and security of the network, underpinning its decentralized nature.

Wrapped Near is available on the same platforms as NEAR Protocol, allowing users to seamlessly transact and interact within the ecosystem.

By serving as a wrapped version of the NEAR token on non-native blockchains, Wrapped Near bridges the gap between the NEAR Protocol and other blockchain ecosystems.

This interoperability is essential for the decentralized finance (DeFi) sector, where liquidity and the ability to move assets across different platforms can significantly impact the efficiency and effectiveness of financial services and products.

If you're looking to store your Near Coins safely, there are several wallets to choose from. MyNearWallet is a browser-based wallet that's available for use.

Some community-built wallets on the blockchain include Meteor Wallet, which is available as a browser and extension wallet. Sender Wallet is another option, available as both a mobile and extension wallet.

You can also consider HERE Wallet, a non-custodial mobile wallet. Nightly Wallet is a mobile and extension wallet that's worth checking out. WELL DONE Wallet is a multi-chain extension wallet that supports Near Coins.

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If you're using a mobile device, you might want to consider NEAR Mobile, a non-custodial mobile wallet. Mint base Wallet is a passkey meta transaction browser wallet that's also available.

Here's a list of some wallets that support Near Coins:

The live NEAR Protocol price today is $4.66 USD with a 24-hour trading volume of $337,083,063 USD. We update our NEAR to USD price in real-time.

NEAR Protocol is currently ranked #27 on CoinMarketCap, with a live market cap of $5,477,526,661 USD. This ranking is subject to change based on market fluctuations.

The circulating supply of NEAR coins is 1,174,517,409, with a max supply not available. You can check the current price and market cap on CoinMarketCap.

Here's a comparison of the current market cap rankings for NEAR Protocol and Wrapped Near:

Both NEAR Protocol and Wrapped Near have experienced a decline in value, with NEAR down 7.76% and Wrapped Near down 8.18% in the last 24 hours.

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