NEAR Protocol
NEAR
$5.48

Sector

Platform

Exchange Debut

2020-10-14

Market Cap

6,038,626,966

Maxim Supply

Circulating Supply

1,101,812,375

Circ. Supply(%)

Near Protocol - LOGO

NEAR Protocol

NEAR

Price

$5.48

Market Cap

Sector

Exchange Debut

6,038,626,966
2020-10-14

Volume 24h

High 24h

Low 24h

125174942
5.483930246332
5.126533056769

Change 24h

Change 7d

Change 30d

5.8601
15.9159
-7.89

Maxim supply

Circulating supply

Circulating supply(%)

1,101,812,375

The opinion of artificial intelligence (AI), based on the fundamental analysis of the NEAR Protocol cryptocurrency:

NEAR Protocol, a layer-one blockchain designed to offer a community-run cloud computing platform, stands out in the cryptocurrency market due to its user-friendly interface and high-performance blockchain technology. Our fundamental analysis of the NEAR Protocol cryptocurrency shows a promising score of 7.53 out of 10, demonstrating a strong potential for development and growth in this innovative digital platform.

SOCIAL & MASS MEDIA: Score 7.8 out of 10

NEAR Protocol has made notable strides in social media engagement and media presence, reflected by its high score in this category. It excels in attracting followers and has significant presence in media. However, it could do more to boost community activity on its social media pages and improve the activities of its social media administrators.

AUDIT & SECURITY: Score 8.08 out of 10

The fundamental analysis of the NEAR Protocol cryptocurrency indicates a high level of trust in its audit and security measures. The project has had good audit results, showing its commitment to transparency and security. Its liquidity on exchanges is commendable, adding to the strength of its financial security.

TOKENOMICS: Score 5.45 out of 10

In terms of tokenomics, the project is somewhat centralized and has an inflationary nature, which may have contributed to its lower score in this area. However, the level of centralization indicates that NEAR Protocol retains a degree of control over its economic operations.

ECOSYSTEM DEVELOPMENT: Score 8.1 out of 10

NEAR Protocol has shown great potential in ecosystem development, as evidenced by its achievements and its planning for new developments. The team behind NEAR Protocol is evidently dedicated to ensuring continuous growth and improvements to the platform.

TEAM & DEVELOPERS: Score 6.8 out of 10

The team behind NEAR Protocol is a mix of seasoned professionals and software developers. While the team’s experience could use some bolstering, it excels in the number of software developers working to improve the platform.

PRODUCT & UTILITY: Score 7.8 out of 10

With a user-friendly interface, NEAR Protocol’s product utility is quite high. Additionally, its tokens serve a significant role in its ecosystem, enhancing its overall utility score.

PARTNERS & INVESTORS: Score 8.75 out of 10

The fundamental analysis of the NEAR Protocol cryptocurrency wouldn’t be complete without mentioning its robust network of partners and investors. This high score signifies the faith and support that these groups have in the potential of NEAR Protocol.

Fundamental analysis of the NEAR Protocol cryptocurrency – The final conclusion

After a comprehensive fundamental analysis of the NEAR Protocol cryptocurrency, we find it to be a promising project. The robust audit and security measures and the vibrant ecosystem development signify that the project has a strong foundation. However, the lower score in tokenomics indicates potential risks related to the inflationary nature of the project and its degree of centralization. While these factors could impact its long-term viability, the team’s evident commitment to continuous improvement and development could mitigate these issues.

With a combined score of 7.53 out of 10, NEAR Protocol demonstrates a substantial investment opportunity. Nevertheless, as with any investment, potential investors should always conduct their own research and consider their risk tolerance before investing in any cryptocurrency project.

In conclusion, NEAR Protocol’s strong social and media presence, robust audit and security measures, and dedicated development team showcase a solid potential for future growth and development in the cryptocurrency market. Therefore, the fundamental analysis of the NEAR Protocol cryptocurrency is favorable, showing this project as a potentially profitable investment opportunity in the rapidly evolving blockchain sector.

What is NEAR Protocol?

Unveiling NEAR Protocol

NEAR Protocol is a community-run layer-one blockchain designed for cloud computing. It targets overcoming limitations like low throughput, slow transaction speeds, and poor interoperability common to other blockchains. Its aim is to build a secure and performant platform to manage high-value assets like money or identity, making them useful for the average person. The fundamental analysis of the Filecoin cryptocurrency may show similar goals, but NEAR’s approach stands out due to its user-friendly features and innovative solutions to blockchain scalability issues.

Unique Features of NEAR Protocol

NEAR employs human-readable account names, distinct from cryptographic wallet addresses used by the likes of Ethereum. It employs Nightshade technology, a unique sharding variation, enabling it to process up to 100,000 transactions per second while maintaining near-instant transaction finality and negligible transaction fees. It simplifies the onboarding process with user-friendly addresses and application registration flows. Furthermore, it provides developers with modular components for faster project kick-off.

Securing the NEAR Protocol Network

The network security of NEAR Protocol hinges on a modified proof-of-stake consensus mechanism called Doomslug. This mechanism is designed for near-instant finality, using a two-round consensus where a block is considered finalized following the first communication round. 

Fundamental analysis of the NEAR Protocol cryptocurrency

NEAR Protocol - NEAR performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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