NEAR Protocol Price Prediction: NEAR Pumps 19% As Experts Ask If This Bitcoin Alternative Is The Best Crypto To Buy Now

Updated: 20 December 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The NEAR Protocol price jumped 19% in the last 24 hours to trade at $2.82 as of 4:50 a.m. EST, with trading volume surging 163% to $529 million.

NEAR is currently at a level last observed in mid-February, with its market capitalization at $2.82 billion.

With a 29% surge in the past 7 days, NEAR has outperformed the overall cryptocurrency market, which has seen a modest 0.2% increase.

The Near Protocol Price: Bulls Ride The Ascending Triangle Pattern

NEAR Protocol Price Chart Analysis. Source: Tradingview.com — NEARUSD Chart Analysis. Source: Tradingview.com

The Near Protocol price has rebounded from a bearish trend, demonstrating a robust upward trajectory as bulls received support at the $0.95 level, propelling the price toward the $2.8 resistance level within an ascending channel.

The trading price surpassed the 50-day and 200-day simple moving averages (SMAs), forming a golden cross at $1.35. This establishes short-term support and confirms the bullish momentum for NEAR’s price.

The Relative Strength Index (RSI) remains generally bullish, trading at 71, indicating intense buying pressure.

The Near Protocol Price: Bulls Target $3.5

Optimistic bullish investors are looking ahead, possibly aiming for a target of $3.5 by the close of 2023. However, bearish forces might exert downward pressure, potentially leading to a retracement toward the $2.16 support level.

As the Near Protocol price maintains its upward trajectory, the Bitcoin Minetrix presale offers an excellent opportunity for bullish investors seeking to maximize their profits.

Bitcoin Minetrix Secures $5.6 Million, Less Than Two Days To Price Hike

Bitcoin Minetrix (BTCMTX), a revolutionary Bitcoin cloud mining platform, has secured a staggering $5.6 million in funding and is racing fast towards reaching its $6.2 million goal, showcasing the growing interest in the project’s unique approach to mining Bitcoin.

With less than two days to go before the next price hike, investors and enthusiasts alike are keeping a close eye on this exciting development. You can secure BTCMTX tokens before the price hike for a discounted price of $0.0123 per token.

In 2008, #Bitcoin utilized mining to ensure security. 🛡️

Initially easy, it later became intricate and expensive.

Cloud mining faced scams, causing skepticism. ❓

Today, major corporations restrict individuals' access. #BTCMTX strives to enable $BTC mining for everyone. 🌟 pic.twitter.com/ze5Vm3kKo9

— Bitcoinminetrix (@bitcoinminetrix) December 19, 2023

Bitcoin Minetrix offers an innovative solution to the challenges faced by traditional Bitcoin mining methods, which are often criticized for their environmental impact and high barriers to entry.

By utilizing cutting-edge cloud-based technology, Bitcoin Minetrix aims to decentralize the mining process, making it more accessible and environmentally friendly.

#BitcoinMinetrix represents a cutting-edge cloud mining solution, enabling participation in decentralized $BTC mining.

With its focus on eradicating risks associated with fraudulent third-party cloud mining, it grants users full autonomy over their mining activities. 🔒✨ pic.twitter.com/VTlrHmmXNN

— Bitcoinminetrix (@bitcoinminetrix) December 11, 2023

The influx of funding indicates strong confidence in Bitcoin Minetrix’s potential to disrupt the Bitcoin mining industry.

Additionally, Bitcoin Minetrix offers investors the golden opportunity to earn passive income through its stake-to-mine feature. At present, staking BTCMTX tokens guarantees you a lucrative annual percentage yield (APY) of 109%.

Michael Wrubel, a cryptocurrency expert with a YouTube channel boasting over 310,000 subscribers, recently featured Bitcoin Minetrix in one of his reviews. In the video, he explains why he is bullish on BTCMTX.