Near Protocol: NEAR Price Potential? How High Could It Go?!
Published: 2024-02-22
Status:
Available
|
Analyzed
Published: 2024-02-22
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Near Protocol's dynamic resharding aims for theoretically infinite scalability.
"the Practical effect of this is that near protocol theoretically has infinite scalability"
Pending
Near Protocol's entire initial supply is projected to be in circulation by mid-2025.
"100% of n's initial Supply will be in circulation by mid next year"
Pending
Near Protocol currently has an approximate 5% inflation rate.
"near has around 5% inflation"
Pending
Near Protocol has a published roadmap for 2024 with seven key milestones, focusing on dynamic sharding.
"the near Foundation published an updated roadmap for 2024 back in January and it noted seven Milestones most of which are related to the Project's endgame of dynamic resharding which you will of course remember from earlier"
Pending
Near Protocol will introduce stateless validation in Q2, aimed at improving shard scalability and marking the end of the third phase of its sharding roadmap.
"the first milestone will be the introduction of stateless validation if we understand correctly this will improve the scalability AKA speed of each of near protocol shards stateless validation will be introduced sometime in Q2 and will Mark the end of the third phase of the resharding road map"
Pending
Near Protocol's reported adoption metrics do not include its cryptocurrency decentralized application usage.
"this doesn't count its crypto dap usage"
Pending
Near Protocol partnered with Infura in May 2022, enhancing its accessibility for developers.
"in May 2022 near protocol partnered with infura which creates some of ethereum most important infrastructure"
Pending
Near Protocol's second roadmap milestone is 'congestion control and transaction priority' to prevent single dApp congestion from affecting the entire blockchain, similar to Solana's approach.
"the second milestone will be the introduction of quote congestion control and transaction priority this will localize transaction processing so that congestion caused by a single dap doesn't bloat the whole blockchain note that this is similar to what other crypto projects like salana have implemented"
Pending
Near Protocol's third roadmap milestone is account aggregation, enabling interaction with dApps and protocols on different blockchains via the BOS platform without chain switching.
"the third Milestone relates to something I mentioned earlier and that's account aggregation this will make it possible to interact with daps and protocols on different blockchains without having to switch chains on the aforementioned boss platform"
Pending
The introduction of chunk-only producers by Near Protocol allowed for an increase in the number of validators beyond 100.
"chunk only producers made it possible to increase the number of validators above the limit of 100"
Pending
Near Protocol's fourth roadmap milestone involves developing a zero-knowledge-based smart contract standard with Polygon to enhance scalability.
"the fourth Milestone also relates to something I mentioned earlier and that's the introduction of a zero knowledge-based smart contract standard for near protocol this will be developed as part of the Project's partnership with polygon and it should likewise increase near protocols scalability"
Pending
Fireblocks, an institutional crypto custodian, added support for the NEAR coin.
"institutional crypto custodian fireblocks added support for the near coin"
Pending
Near Protocol's fifth roadmap milestone is a new data availability solution, designed to support and secure Ethereum's Layer 2s, similar to Celestia's approach.
"the fifth Milestone is related to something you may have missed in my earlier comments and that's near protocol's new data availability solution this will make it possible for near protocol to support and secure ethereum's layer 2os if that sounds familiar it's because Celestia is doing something similar"
Pending
Near Protocol launched its blockchain operating system for web3, named BOS (Blockchain Operating System).
"near protocol revealed its blockchain operating system for web 3 dubbed BOS or boss"
Pending
Near Protocol's sixth roadmap milestone may involve MetaMask integration, potentially a consequence of its earlier Infura partnership.
"the sixth Milestone could be related to something I mentioned earlier and that's near protocol integrating with metamask FYI consensus is the creator of both metamask and infura as such it's possible that near protocols metamask integration is a consequence of its infura partnership"
Pending
Near Protocol integrated with the Wormhole bridge to enhance its cross-chain capabilities.
"near protocol integrated with the Wormhole bridge to increase its cross-chain availability"
Pending
Near Protocol's final roadmap milestone is research into the future of blockchain sharding to maintain its position at the forefront of scaling technology.
"now the final Milestone is straightforward and that's to research the future of blockchain sharding this will likely ensure that near protocol stays on The Cutting Edge of this important scaling technology"
Pending
The SEC has identified NEAR as a security in its lawsuit against Coinbase.
"the SEC named near as one of the cryptocurrencies it considers to be a security in its lawsuit against coinbase"
Pending
Phase three of Near Protocol's sharding roadmap will introduce full dynamic resharding, allowing the network to scale almost infinitely by dynamically splitting and merging shards based on resource utilization.
"full Dynamic resharding per a previous blog post quote the network will be dynamically split into shards and then merge based on resource utilization this will enable near to expand almost infinitely"
Pending
The Near Foundation partnered with Alibaba Cloud to boost web3 growth in the Middle East and Asia.
"the near Foundation partnered with alibaba's Cloud division that same month the purpose of the partnership was to accelerate web 3 growth in the Middle East and Asia"
Pending
To offset Near Protocol's 5% annual inflation, a 300x increase in daily transactions to 1.5 billion is needed. Additionally, the Near Foundation holding one-third of the supply may suppress short-to-medium term price, despite long-term benefits.
"near protocol is currently processing around 5 million transactions per day meaning it would need a 300X increase to do this the bigger problem though is that the near Foundation holds a third of n's Supply and history has shown that it will spare no expense when it comes to funding the Project's growth although this will be beneficial for near in the long term it's likely to suppress its price in the short and medium term"
Pending
Circle launched its USDC stablecoin on the Near Protocol blockchain.
"Circle launched its usdc stablecoin on the near protocol blockchain"
Pending
Near Protocol launched an AI Marketplace at its annual conference.
"highlights included the launch of an AI Marketplace"
Pending
Near Protocol's CEO, Ilia, envisions AI playing a role in the protocol's governance, which may introduce new challenges.
"Ilia thinks that AI could play a role in this governance which could create other kinds of issues"
Pending
Near Protocol has not yet aligned with a specific niche or narrative, leading to it being overlooked by the crypto industry, unlike many competitors who have specialized.
"it appears that near protocol has yet to align with any particular Niche or narrative the result is that the project has been largely overlooked by those in the crypto industry and this could continue to be the case meanwhile many of NE protocol's competitors have started to align with specific niches or narratives"
Pending
Near Protocol launched a data availability layer.
"the launch of a data availability layer"
Pending
Near Protocol is gradually aligning with the AI narrative, leveraging its origins. Doubling down on this could position it as a top performer in the next bull market, given AI's projected dominance as a crypto niche.
"it's slowly but surely trying to align itself with the AI narrative given that it's consistent with the Project's Origins if this is indeed the case then all that it needs to do is double down on this narrative and it could easily take over that Niche this could have the potential to make near one of the top performing cryptos during the next bull market because everyone knows that AI is and will likely continue to be the biggest Niche out there"
Pending
For outsized returns, Near Protocol needs to capitalize on its potential by appealing to both crypto investors and users, not just those focused on fitness-related applications.
"all near protocol must do is seize that potential in a way that appeals to crypto investors and users not just no coiners who are looking to lose a few kilos by walking"
Pending
Near Protocol integrated with Igen Layer, Pith Network, Nim, and Polygon for zero-knowledge proofs.
"an integration with pith Network Lightning Fast data Oracle a partnership with Nim for privacy and a partnership with polygon for zero knowledge proofs"
Pending
Near Protocol partnered with Polygon to develop zero-knowledge proofs.
"a partnership with polygon for zero knowledge proofs"
Pending
Near Protocol has been successful in accelerating web3 growth in the Middle East and Asia through its partnership with Alibaba Cloud.
"near protocol has been very successful on that front so far"
Pending
NEAR is predicted to rally to $8 in the short term, based on a bull flag pattern and previous market resistance.
"near could rally as high as $8 in the short term consistent with the bull flag pattern which appears to be forming on the weekly and the zone of resistance from the previous crypto bull market which is likewise around $8"
Pending
Near Foundation partnered with Google Cloud to facilitate tool development on Near Protocol's developer platform, Pagoda.
"the near Foundation partnered with Google Cloud to make it easier to build tools on near protocol's developer platform pagoda"
Pending
Tether's USDT stablecoin is now live on the Near Protocol blockchain.
"tether's usdt stable coin went live on the near protocol blockchain"
Pending
If NEAR follows Solana's previous bull market performance, it could experience a more than 20x rally.
"if Nia follows Soul's footsteps from the the previous bull market it could rally by more than 20x during this bull market"
Pending
Stateless validation, aimed at improving shard scalability and speed, is scheduled for introduction in Q2 of 2024.
"the first milestone will be the introduction of stateless validation if we understand correctly this will improve the scalability AKA speed of each of near protocol shards stateless validation will be introduced sometime in Q2"
Pending
The Near Foundation has partnered with a venture capital firm to establish a $100 million Web3 fund.
"the near Foundation partnered with a VC for a $100 million web 3 fund"
Pending
Near Protocol's second 2024 milestone involves 'congestion control and transaction priority' to prevent single dApps from overwhelming the network.
"the second milestone will be the introduction of quote congestion control and transaction priority this will localize transaction processing so that congestion caused by a single dap doesn't bloat the whole blockchain"
Pending
Near Protocol has officially introduced chunk-only producers as part of the second phase of its sharding roadmap.
"near protocol officially introduced chunk only producers as part of the second phase of its sharding road map"
Pending
Near Protocol's third 2024 milestone is account aggregation, enabling interaction with dApps across different blockchains via the BOS platform without chain switching.
"the third Milestone relates to something I mentioned earlier and that's account aggregation this will make it possible to interact with daps and protocols on different blockchains without having to switch chains on the aforementioned boss platform"
Pending
Institutional crypto custodian Fireblocks has added support for the Near coin.
"institutional crypto custodian fireblocks added support for the near coin"
Pending
The fourth 2024 milestone for Near Protocol is the development of a zero-knowledge-based smart contract standard, in partnership with Polygon.
"the fourth Milestone also relates to something I mentioned earlier and that's the introduction of a zero knowledge-based smart contract standard for near protocol this will be developed as part of the Project's partnership with polygon"
Pending
Near Protocol began testing a new validator type called chunk-only producers.
"near protocol began testing a new type of validator called chunk only producers"
Pending
Near Protocol's fifth 2024 milestone is a new data availability solution designed to support and secure Ethereum's Layer 2s.
"the fifth Milestone is related to something you may have missed in my earlier comments and that's near protocol's new data availability solution this will make it possible for near protocol to support and secure ethereum's layer 2os"
Pending
Near Protocol partnered with Infura, a key Ethereum infrastructure provider.
"near protocol partnered with infura which creates some of ethereum most important infrastructure"
Pending
A potential sixth milestone for Near Protocol in 2024 is integration with Metamask.
"the sixth Milestone could be related to something I mentioned earlier and that's near protocol integrating with metamask"
Pending
Near Foundation partnered with Alibaba Cloud to accelerate Web3 growth in the Middle East and Asia.
"the near Foundation partnered with alibaba's Cloud division that same month the purpose of the partnership was to accelerate web 3 growth in the Middle East and Asia"
Pending
The final 2024 milestone for Near Protocol involves researching the future of blockchain sharding to maintain its position at the forefront of scaling technology.
"the final Milestone is straightforward and that's to research the future of blockchain sharding this will likely ensure that near protocol stays on The Cutting Edge of this important scaling technology"
Pending
Circle launched its USDC stablecoin on the Near Protocol blockchain.
"circle launched its usdc stablecoin on the near protocol blockchain"
Pending
Phase 3 of Near Protocol's roadmap will introduce full dynamic resharding, allowing the network to split and merge shards based on utilization, enabling near-infinite expansion.
"phase three and it will introduce full Dynamic resharding per a previous blog post quote the network will be dynamically split into shards and then merge based on resource utilization this will enable near to expand almost infinitely"
Pending
Near Protocol integrated with the Wormhole bridge to enhance its cross-chain capabilities.
"near protocol integrated with the Wormhole bridge to increase its cross-chain availability"
Pending
Near Protocol would need a 300x increase in daily transactions (to 1.5 billion) to offset its 5% annual inflation rate, given its current ~5 million daily transactions.
"it would take roughly 1.5 billion daily transactions just to offset n's annual inflation rate of 5% near protocol is currently processing around 5 million transactions per day"
Pending
Near Protocol revealed its Web3 blockchain operating system, named BOS.
"near protocol revealed its blockchain operating system for web 3 dubbed BOS or boss"
Pending
Ilia believes AI could be incorporated into Near Protocol's decentralized governance, potentially creating new challenges.
"Ilia thinks that AI could play a role in this governance which could create other kinds of issues"
Pending
Near Protocol partnered with Google Cloud to simplify tool development on its developer platform, Pagoda.
"the near Foundation also partnered with Google Cloud to make it easier to build tools on near protocol's developer platform pagoda"
Pending
Near Protocol has not yet aligned itself with a specific niche or narrative in the crypto industry.
"near protocol has yet to align with any particular Niche or narrative"
Pending
Near Foundation partnered with a large Latin American food company for a Web3 loyalty program, planned for early 2023.
"the neara Foundation partnered with one of Latin America's largest processed food companies to create a web3 loyalty program it's not clear if the Loyalty program ever came to pass but the announcement noted that it would be implemented sometime in early 2023"
Pending
Near Protocol is gradually aligning itself with the AI narrative, consistent with its origins.
"it's slowly but surely trying to align itself with the AI narrative given that it's consistent with the Project's Origins"
Pending
By doubling down on the AI narrative, Near Protocol could become a top-performing cryptocurrency in the next bull market.
"if this is indeed the case then all that it needs to do is double down on this narrative and it could easily take over that Niche this could have the potential to make near one of the top performing cryptos during the next bull market"
Pending
Near Protocol founder Alexander Skidanov established an AI company focused on creating Artificial General Intelligence (AGI).
"Alexander founded an AI company with the goal of creating the first artificial general intelligence or AGI"
Pending
Near Protocol is identified as a large-cap crypto with significant unrealized potential for outsized returns.
"of all the large cap cryptos near is one of the few that has unrealized potential that could result in outsized returns"
Pending
Ledger hardware wallets now support Near.
"The Ledger Hardware wallet added support for near"
Pending
Near Protocol appears to have partnered with MasterCard in April 2023, though the partnership might be limited to a regional hub.
"in April 2023 near protocol appears to have partnered with MasterCard"
Pending
The SEC identified Near as a security in its lawsuit against Coinbase.
"the SEC named near as one of the cryptocurrencies it considers to be a security in its lawsuit against coinbase"
Pending
Circle launched its USDC stablecoin on the Near Protocol blockchain in September 2023.
"in September 2023 Circle launched its usdc stablecoin on the near protocol blockchain"
Pending
Near Protocol's 2023 NCON conference featured the launch of an AI Marketplace, a data availability layer, partnerships with Ethereum's EigenLayer and Polygon for zero-knowledge proofs, and integrations with Pith Network and Nim.
"highlights included the launch of an AI Marketplace the launch of a data availability layer a partnership with ethereum reaking protocol igen layer an integration with pith Network Lightning Fast data Oracle a partnership with Nim for privacy and a partnership with polygon for zero knowledge proofs"
Pending
As of July 2023, the Near Foundation held approximately $350 million in cash and over 315 million NEAR coins, indicating strong capitalization.
"the near Foundation's last transparency report also suggests that it's well capitalized as of July 2023 it held almost 350 million in cash and over 315 million near coins"
Pending
Near Protocol is experiencing significant demand growth, with daily active wallets approaching 1 million and daily transactions showing parabolic growth since September.
"the number of daily active wallets is approaching 1 million and the number of daily transactions has been going parabolic since last September"
Pending
Near Protocol could rally to $8 in the short term if demand momentum continues, supported by a weekly bull flag pattern and previous market resistance.
"if this demands side momentum continues near could rally as high as $8 in the short term consistent with the bull flag pattern which appears to be forming on the weekly and the zone of resistance from the previous crypto bull market which is likewise around $8"
Pending
If Near Protocol mirrors Solana's performance from the previous bull market, it could see a more than 20x rally during the current one.
"if Nia follows Soul's footsteps from the the previous bull market it could rally by more than 20x during this bull market"
Pending
Chunk-only producers introduced transaction sharding, while stateless validation will introduce state sharding. Phase three will bring full dynamic resharding, enabling near-infinite expansion.
"the introduction of Chunk only producers introduce the latter and stateless validation will introduce the former the fourth and Final Phase is phase three and it will introduce full Dynamic resharding per a previous blog post quote the network will be dynamically split into shards and then merge based on resource utilization this will enable near to expand almost infinitely"
Pending
It's unclear if the Near Foundation has sold the hundreds of millions of NEAR committed to various initiatives, and a lack of updated transparency reports is concerning.
"the catch is that the near Foundation had previously committed hundreds of millions of dollars of near to various initiatives it's not clear if this near has been sold yet and what's annoying is that the near Foundation apparently hasn't released an updated transparency report"
Pending
Phase 3 of Near Protocol's sharding roadmap, initially slated for completion by the end of 2023, has been delayed.
"what's odd is that phase 3 was originally scheduled to be introduced by the end of 2023"
Pending
The Near Foundation has not disclosed which wallets it controls.
"what's even more annoying is that it has apparently not disclosed which wallets it controls either"
Pending
Near Protocol has allocated significant funds towards its ecosystem development.
"near protocol has spent a lot of money on its ecosystem"
Pending
Near Protocol partnered with Google Cloud to enhance its developer platform, Pagoda, simplifying tool creation for developers.
"the near Foundation also partnered with Google Cloud to make it easier to build tools on near protocol's developer platform pagoda"
Pending
Near Protocol partnered with Infura in May 2022, a move that enhances its accessibility for Ethereum developers.
"in May 2022 near protocol partnered with infura which creates some of ethereum most important infrastructure"
Pending
Near Protocol's sharded blockchain relies on 215 validators for security.
"Near protocol's sharded blockchain is currently secured by just 215 validators"
Pending
Near Protocol theoretically possesses infinite scalability due to its dynamic resharding capabilities.
"near protocol theoretically has infinite scalability"
Pending
Near Protocol is implementing dynamic resharding, allowing shards to be created and destroyed dynamically based on demand.
"Near protocol is in the process of implementing Dynamic resharding which will make it possible for shards to be created and destroyed based on demand"
Pending
Near Protocol operates on a sharded Proof-of-Stake blockchain with four shards.
"near protocol uses a sharded proof of stake blockchain which consists of four shards"
Pending
Near Protocol secured an additional $500 million in funding from prominent crypto venture capitalists in 2022.
"near protocol raised an additional $500 million from High Caliber crypto VCS in 2022"
Pending
Near Protocol raised approximately $35 million through various ICOs between 2019 and 2020.
"near protocol raised around 35 million in various icos between 2019 and 2020"
Pending
Near Protocol was founded in 2017 by Alexander Skidanov and Ilia Pukin, initially as an AI project.
"near protocol was founded in 2017 by software developers Alexander skidanov and Ilia pukin and it was originally an AI project"
Pending
Near Protocol has experienced the most significant real-world adoption among cryptocurrencies.
"near protocol has seen the most realworld adoption"
Pending
Near Protocol's top two decentralized applications (dApps) have collectively accumulated over 30 million monthly active wallets.
"Near protocol's top two daps alone boast over 30 million monthly active wallets"
Pending
Near Protocol's biggest innovation and competitive edge lies in its ability to abstract away the complexities of using crypto from the end-user's perspective.
"near protocol's biggest Innovation and the biggest Edge it has over other crypto projects"
Pending
The Kai Ching app, a driver of Near Protocol's demand growth, was launched in August of the previous year.
"the kai Ching app apparently launched in August of last year"
Pending
The US launch of the Sweat Economy app in October has likely contributed to increased demand for Near Protocol.
"the launch of sweat economy in the US in October has also likely contributed to the demand growth as well"
Pending
The total value locked (TVL) in Near Protocol's decentralized finance (DeFi) protocols is experiencing rapid growth.
"the total value locked in Nia's defi protocols is starting to grow rapidly too"
Pending
Near Protocol has been very successful in accelerating Web3 growth in the Middle East and Asia.
"it goes without saying that protocol has been very successful on that front so far"
Pending
Near Protocol's supply and demand dynamics are improving, with most of its supply now in circulation.
"this is likely due to the fact that n's supply and demand equation is looking better than it ever has for starters most of the supply is now in circulation"
Pending
Near Protocol's price action has been volatile, with a significant decline since the last coverage, hitting a bear market low in October.
"this all ties into n's price action which has been one heck of a roller coaster near practically went straight down since we last covered the project and seems to have hit its bare market low last October"
Pending
Near Protocol experienced a nearly 5x rally before a correction and shows signs of preparing for another upward move.
"it rallied by almost 5x before correcting and appears to be preparing for another move higher"
Pending
Near Protocol's current market cap of around $3.5 billion suggests significant room for growth compared to other Layer 1 blockchains.
"the fact that Nia only has a market cap of around $3.5 billion means that it has a lot of room to grow relative to the other layer one blockchains"
Pending
Near Protocol partnered with Google Cloud to simplify the development of tools on its Pagoda platform.
"the near Foundation also partnered with Google Cloud to make it easier to build tools on near protocol's developer platform pagoda"
Pending
Near Protocol partnered with Infura, a key infrastructure provider for Ethereum.
"the near Foundation partnered with infura which creates some of ethereum most important infrastructure"
Pending
Near Protocol has achieved significant success in accelerating Web3 adoption in the Middle East and Asia.
"near protocol has been very successful on that front so far"
Pending
A zero-knowledge-based smart contract standard is planned for Near Protocol as part of its partnership with Polygon.
"the introduction of a zero knowledge-based smart contract standard for near protocol"
Pending
Near Protocol partnered with Google Cloud to simplify the development of tools on its Pagoda platform.
"the near Foundation also partnered with Google Cloud to make it easier to build tools on near protocol's developer platform pagoda"
Pending
The SEC has classified Near as a security in its lawsuit against Coinbase.
"The SEC named Near as one of the cryptocurrencies it considers to be a security in its lawsuit against Coinbase"
Pending
Near Protocol integrated with the Wormhole bridge to improve its cross-chain interoperability.
"near protocol integrated with the Wormhole bridge to increase its cross-chain availability"
Pending
Near Protocol introduced BOS, its blockchain operating system for Web3.
"near protocol revealed its blockchain operating system for web 3 dubbed BOS or boss"
Pending
Near Foundation established a $100 million Web3 fund through a VC partnership.
"the near Foundation partnered with a VC for a $100 million web 3 fund"
Pending
Tether's USDT stablecoin is now available on the Near Protocol blockchain.
"tether's usdt stable coin went live on the near protocol blockchain"
Pending
Near Protocol introduced chunk-only producers as part of its sharding roadmap's second phase.
"near protocol officially introduced chunk only producers as part of the second phase of its sharding road map"
Pending
Fireblocks, an institutional crypto custodian, now supports the Near coin.
"institutional crypto custodian fireblocks added support for the near coin"
Pending
Near Protocol started testing chunk-only producers, a new validator type.
"near protocol began testing a new type of validator called chunk only producers"
Pending
Near Protocol partnered with Infura, a significant infrastructure provider for Ethereum.
"near protocol partnered with infura which creates some of ethereum most important infrastructure"
Pending
The Near Foundation partnered with Alibaba Cloud to foster Web3 growth in the Middle East and Asia.
"the near Foundation partnered with alibaba's Cloud division that same month the purpose of the partnership was to accelerate web 3 growth in the Middle East and Asia"
Pending
Circle launched its USDC stablecoin on the Near Protocol blockchain.
"circle launched its usdc stablecoin on the near protocol blockchain"
Pending
Near Protocol partnered with Google Cloud to simplify tool development on its Pagoda platform.
"the near Foundation also partnered with Google Cloud to make it easier to build tools on near protocol's developer platform pagoda"
Pending
Near Foundation partnered with a Latin American food company for a Web3 loyalty program planned for early 2023.
"the near Foundation partnered with one of Latin America's largest processed food companies to create a web3 loyalty program it's not clear if the Loyalty program ever came to pass but the announcement noted that it would be implemented sometime in early 2023"
Pending
Near Protocol founder Alexander Skidanov established an AI company focused on creating Artificial General Intelligence (AGI).
"Alexander founded an AI company with the goal of creating the first artificial general intelligence or AGI"
Pending
Ledger hardware wallets now support Near.
"The Ledger Hardware wallet added support for near"
Pending
Near Protocol appears to have partnered with MasterCard in April 2023, potentially limited to a regional hub.
"in April 2023 near protocol appears to have partnered with MasterCard"
Pending
The SEC classified Near as a security in its lawsuit against Coinbase.
"the SEC named near as one of the cryptocurrencies it considers to be a security in its lawsuit against coinbase"
Pending
Circle launched its USDC stablecoin on the Near Protocol blockchain in September 2023.
"in September 2023 Circle launched its usdc stablecoin on the near protocol blockchain"
Pending
Near Protocol's 2023 NCON conference announced an AI Marketplace, data availability layer, partnerships with EigenLayer and Polygon for zero-knowledge proofs, and integrations with Pith Network and Nim.
"highlights included the launch of an AI Marketplace the launch of a data availability layer a partnership with ethereum reaking protocol igen layer an integration with pith Network Lightning Fast data Oracle a partnership with Nim for privacy and a partnership with polygon for zero knowledge proofs"
Pending
As of July 2023, the Near Foundation held approximately $350 million in cash and over 315 million NEAR coins, indicating strong financial health.
"the near Foundation's last transparency report also suggests that it's well capitalized as of July 2023 it held almost 350 million in cash and over 315 million near coins"
Pending
Near Protocol is seeing significant demand, with daily active wallets nearing 1 million and daily transactions exhibiting parabolic growth since September.
"the number of daily active wallets is approaching 1 million and the number of daily transactions has been going parabolic since last September"
Pending
Near Protocol could reach $8 in the short term if demand momentum persists, supported by a weekly bull flag pattern and previous market resistance.
"if this demands side momentum continues near could rally as high as $8 in the short term consistent with the bull flag pattern which appears to be forming on the weekly and the zone of resistance from the previous crypto bull market which is likewise around $8"
Pending
Near Protocol could potentially achieve over a 20x rally in this bull market if it follows Solana's trajectory from the previous bull market.
"if Nia follows Soul's footsteps from the the previous bull market it could rally by more than 20x during this bull market"
Pending
Chunk-only producers enabled transaction sharding, while stateless validation will enable state sharding. Phase three will introduce full dynamic resharding, allowing Near to scale almost infinitely.
"the introduction of Chunk only producers introduce the latter and stateless validation will introduce the former the fourth and Final Phase is phase three and it will introduce full Dynamic resharding per a previous blog post quote the network will be dynamically split into shards and then merge based on resource utilization this will enable near to expand almost infinitely"
Pending
It remains unclear if the Near Foundation has sold the hundreds of millions of NEAR allocated to initiatives, and the absence of updated transparency reports is a point of concern.
"the catch is that the near Foundation had previously committed hundreds of millions of dollars of near to various initiatives it's not clear if this near has been sold yet and what's annoying is that the near Foundation apparently hasn't released an updated transparency report"
Pending
Phase 3 of Near Protocol's sharding roadmap was originally scheduled for completion by the end of 2023 but has been delayed.
"what's odd is that phase 3 was originally scheduled to be introduced by the end of 2023"
Pending
The Near Foundation has not disclosed the wallets it controls.
"what's even more annoying is that it has apparently not disclosed which wallets it controls either"
Pending
Near Protocol has invested heavily in its ecosystem.
"near protocol has spent a lot of money on its ecosystem"
Pending
Near Protocol partnered with Google Cloud to streamline tool development on its Pagoda platform.
"the near Foundation also partnered with Google Cloud to make it easier to build tools on near protocol's developer platform pagoda"
Pending
Near Protocol partnered with Infura in May 2022, enhancing its integration with Ethereum infrastructure.
"in May 2022 near protocol partnered with infura which creates some of ethereum most important infrastructure"
Pending
Near Protocol's sharded blockchain is secured by 215 validators.
"Near protocol's sharded blockchain is currently secured by just 215 validators"
Pending
Near Protocol possesses theoretical infinite scalability due to its dynamic resharding mechanism.
"near protocol theoretically has infinite scalability"
Pending
Near Protocol is implementing dynamic resharding, allowing for on-demand creation and destruction of shards.
"Near protocol is in the process of implementing Dynamic resharding which will make it possible for shards to be created and destroyed based on demand"
Pending
Near Protocol utilizes a sharded Proof-of-Stake blockchain composed of four shards.
"near protocol uses a sharded proof of stake blockchain which consists of four shards"
Pending
Near Protocol raised $500 million from prominent crypto VCs in 2022.
"near protocol raised an additional $500 million from High Caliber crypto VCS in 2022"
Pending
Near Protocol raised approximately $35 million through various ICOs from 2019 to 2020.
"near protocol raised around 35 million in various icos between 2019 and 2020"
Pending
Near Protocol was founded in 2017 by Alexander Skidanov and Ilia Pukin, with its origins in an AI project.
"near protocol was founded in 2017 by software developers Alexander skidanov and Ilia pukin and it was originally an AI project"
Pending
Near Protocol's two leading dApps have over 30 million monthly active wallets combined.
"Near protocol's top two daps alone boast over 30 million monthly active wallets"
Pending
Near Protocol's primary innovation and competitive advantage is its ability to abstract away the complexity of crypto usage for end-users.
"Near protocol's biggest innovation and the biggest Edge it has over other crypto projects"
Pending
The Kai Ching app, a significant driver of Near Protocol's user activity, was launched in August of the preceding year.
"the kai Ching app apparently launched in August of last year"
Pending
The US launch of the Sweat Economy app in October likely boosted demand for Near Protocol.
"the launch of sweat economy in the US in October has also likely contributed to the demand growth as well"
Pending
The Total Value Locked (TVL) in Near Protocol's DeFi protocols is showing rapid growth.
"the total value locked in Nia's defi protocols is starting to grow rapidly too"
Pending
Near Protocol has been highly successful in driving Web3 adoption in the Middle East and Asia.
"it goes without saying that protocol has been very successful on that front so far"
Pending
Near Protocol's supply and demand equation is improving, with the majority of its supply now in circulation.
"this is likely due to the fact that n's supply and demand equation is looking better than it ever has for starters most of the supply is now in circulation"
Pending
Near Protocol's price has been highly volatile, experiencing a significant downturn and hitting a bear market low in October.
"this all ties into n's price action which has been one heck of a roller coaster near practically went straight down since we last covered the project and seems to have hit its bare market low last October"
Pending
Near Protocol saw a nearly 5x rally before a correction and seems poised for further upward movement.
"it rallied by almost 5x before correcting and appears to be preparing for another move higher"
Pending
Near Protocol's market cap of approximately $3.5 billion indicates substantial growth potential compared to other Layer 1 blockchains.
"the fact that Nia only has a market cap of around $3.5 billion means that it has a lot of room to grow relative to the other layer one blockchains"
Pending
Chunk-only producers enabled transaction sharding, while stateless validation will enable state sharding. Phase three will introduce full dynamic resharding, enabling Near to scale infinitely.
"the introduction of Chunk only producers introduce the latter and stateless validation will introduce the former the fourth and Final Phase is phase three and it will introduce full Dynamic resharding per a previous blog post quote the network will be dynamically split into shards and then merge based on resource utilization this will enable near to expand almost infinitely"
Pending
It's uncertain whether the Near Foundation has sold the NEAR committed to various initiatives, and the lack of updated transparency reports is a concern.
"the catch is that the near Foundation had previously committed hundreds of millions of dollars of near to various initiatives it's not clear if this near has been sold yet and what's annoying is that the near Foundation apparently hasn't released an updated transparency report"
Pending
Phase 3 of Near Protocol's sharding roadmap, initially planned for the end of 2023, has been delayed.
"what's odd is that phase 3 was originally scheduled to be introduced by the end of 2023"
Pending
The Near Foundation has not disclosed the wallets it controls.
"what's even more annoying is that it has apparently not disclosed which wallets it controls either"
Pending
Near Protocol has invested heavily in its ecosystem development.
"near protocol has spent a lot of money on its ecosystem"
Pending
Near Protocol partnered with Google Cloud to simplify tool development on its Pagoda platform.
"the near Foundation also partnered with Google Cloud to make it easier to build tools on near protocol's developer platform pagoda"
Pending
Near Protocol partnered with Infura in May 2022, integrating with key Ethereum infrastructure.
"in May 2022 near protocol partnered with infura which creates some of ethereum most important infrastructure"
Pending
Near Protocol's sharded blockchain is secured by 215 validators.
"Near protocol's sharded blockchain is currently secured by just 215 validators"
Pending
Near Protocol theoretically offers infinite scalability through its dynamic resharding capabilities.
"near protocol theoretically has infinite scalability"
Pending
Near Protocol is implementing dynamic resharding, enabling shards to be created and destroyed based on demand.
"Near protocol is in the process of implementing Dynamic resharding which will make it possible for shards to be created and destroyed based on demand"
Pending
Near Protocol operates on a sharded Proof-of-Stake blockchain with four shards.
"near protocol uses a sharded proof of stake blockchain which consists of four shards"
Pending
Near Protocol raised $500 million from high-caliber crypto VCs in 2022.
"near protocol raised an additional $500 million from High Caliber crypto VCS in 2022"
Pending
Near Protocol raised approximately $35 million through various ICOs between 2019 and 2020.
"near protocol raised around 35 million in various icos between 2019 and 2020"
Pending
Near Protocol was founded in 2017 by Alexander Skidanov and Ilia Pukin, initially as an AI project.
"near protocol was founded in 2017 by software developers Alexander skidanov and Ilia pukin and it was originally an AI project"
Pending
Near Protocol's leading two dApps have collectively garnered over 30 million monthly active wallets.
"Near protocol's top two daps alone boast over 30 million monthly active wallets"
Pending
Near Protocol's core innovation and competitive advantage lies in abstracting away the complexities of crypto usage for end-users.
"Near protocol's biggest innovation and the biggest Edge it has over other crypto projects"
Pending
The Kai Ching app, a key contributor to Near Protocol's user activity, was launched in August of the previous year.
"the kai Ching app apparently launched in August of last year"
Pending
The US launch of the Sweat Economy app in October likely contributed to increased demand for Near Protocol.
"the launch of sweat economy in the US in October has also likely contributed to the demand growth as well"
Pending
The Total Value Locked (TVL) in Near Protocol's DeFi protocols is experiencing rapid growth.
"the total value locked in Nia's defi protocols is starting to grow rapidly too"
Pending
Near Protocol has achieved considerable success in fostering Web3 growth in the Middle East and Asia.
"it goes without saying that protocol has been very successful on that front so far"
Pending
Near Protocol's supply and demand dynamics are improving, with most of its supply now in circulation.
"this is likely due to the fact that n's supply and demand equation is looking better than it ever has for starters most of the supply is now in circulation"
Pending
Near Protocol's price has been highly volatile, experiencing a significant decline and reaching a bear market low in October.
"this all ties into n's price action which has been one heck of a roller coaster near practically went straight down since we last covered the project and seems to have hit its bare market low last October"
Pending
Near Protocol saw a nearly 5x rally before a correction and appears to be gearing up for another upward move.
"it rallied by almost 5x before correcting and appears to be preparing for another move higher"
Pending
Near Protocol's market cap of approximately $3.5 billion indicates significant potential for growth compared to other Layer 1 blockchains.
"the fact that Nia only has a market cap of around $3.5 billion means that it has a lot of room to grow relative to the other layer one blockchains"
Pending
Chunk-only producers enabled transaction sharding, stateless validation will enable state sharding, and Phase three will introduce full dynamic resharding, allowing Near to scale infinitely.
"the introduction of Chunk only producers introduce the latter and stateless validation will introduce the former the fourth and Final Phase is phase three and it will introduce full Dynamic resharding per a previous blog post quote the network will be dynamically split into shards and then merge based on resource utilization this will enable near to expand almost infinitely"
Pending
It's unclear if the Near Foundation has sold its committed NEAR for various initiatives, and the lack of updated transparency reports is a concern.
"the catch is that the near Foundation had previously committed hundreds of millions of dollars of near to various initiatives it's not clear if this near has been sold yet and what's annoying is that the near Foundation apparently hasn't released an updated transparency report"
Pending
Phase 3 of Near Protocol's sharding roadmap, initially planned for the end of 2023, has been delayed.
"what's odd is that phase 3 was originally scheduled to be introduced by the end of 2023"
Pending
The Near Foundation has not disclosed the wallets it controls.
"what's even more annoying is that it has apparently not disclosed which wallets it controls either"
Pending
Near Protocol has invested significantly in its ecosystem development.
"near protocol has spent a lot of money on its ecosystem"
Pending