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NEAR Set for 3x-5x Pump in Short Term and Sets Sight for $50 ATH in Peak of Crypto Bull Cycle in 2025

Aug 14, 2024 #仮想通貨
NEAR Set for 3x-5x Pump in Short Term and Sets Sight for  ATH in Peak of Crypto Bull Cycle in 2025

NEAR Protocol (NEAR) is projected to experience significant price gains both in the short and long term. Crypto analysts predict a potential 3x-5x price increase in the short term and a new all-time high (ATH) of $50 by the peak of the 2025 bull cycle.

Points

  • Analysts are optimistic about NEAR Protocol’s price potential in both short and long terms.
  • A short-term price surge of 3x-5x is expected due to market dynamics.
  • The long-term target for NEAR is set at $50, predicted for 2025.
  • Bitcoin’s recent bullish momentum is influencing altcoin markets positively.

Crypto analysts are turning their attention to NEAR Protocol (NEAR), forecasting a strong bullish trend in the coming months. With Bitcoin (BTC) climbing past the $61,000 mark, the market sentiment for altcoins is heating up, and NEAR Protocol is no exception. Analysts suggest that NEAR could see a substantial 3x-5x increase in its price in the short term, making it a prime candidate for accumulation.

NEAR Protocol has been performing steadily since it briefly dropped below $1 in October 2023. This correction provided a strategic entry point for investors, who have since been urged to accumulate NEAR tokens. One key price level to watch is $6.5, which analysts believe will be a critical resistance point. Once NEAR breaks through this level, it could set the stage for an aggressive upward trend.

In the longer term, NEAR is eyeing a new ATH of $50 by the peak of the next bull cycle in 2025. This bullish prediction is based on a combination of NEAR’s strong fundamentals, growing ecosystem, and the overall market trajectory. As we approach this timeline, heavy accumulation is encouraged, particularly by those looking to maximize their returns in the next crypto market surge.

Furthermore, NEAR’s network upgrades and expanding partnerships continue to bolster its appeal among investors. As more decentralized applications (dApps) are built on the NEAR blockchain, the demand for its native token is expected to increase, driving prices even higher.

解説

  • 3x-5x Short-Term Pump: The short-term forecast of a 3x-5x price increase is largely based on current market momentum, particularly the impact of Bitcoin’s rally on altcoins. As BTC rises, it often pulls other cryptos up with it, creating opportunities for significant gains.

  • $50 ATH in 2025: The long-term prediction of a $50 ATH is ambitious but not unrealistic. It hinges on the continuation of NEAR’s growth trajectory, driven by increased adoption and technological advancements. If NEAR’s ecosystem expands as expected, reaching $50 could be feasible by 2025.

  • Accumulation Strategy: For investors, the strategy is clear—accumulate during dips and hold for the long term. The potential for NEAR to reach new highs makes it an attractive investment, especially as the next bull cycle approaches.