What Is NEAR Protocol?
The NEAR Protocol network is a secure blockchain platform designed for Web3 founders, developers and users alike.
Founders: NEAR Protocol has many growth and marketing resources for Web3 founders building on NEAR. They have marketing-based educational resources, ways to apply for marketing support, updates on NEAR "pitch-day" events, and a curated list of social media creators as well as events (X spaces, youtube streams, etc) in the NEAR ecosystem. They also make it easy for you to apply for and seek out funding for your NEAR project.
Developers: NEAR Protocol allows developers to easily create decentralized apps whether you're an experienced blockchain developer or only used to building with "traditional" web or app techniques. They have features that allows you to onboard users onto your app smoothly, even if they have never used crypto or the blockchain. Unlike congested competitors, NEAR gracefully handles thousands of transactions per second, paving the way for mass adoption of dApps. Scaling your app is easy as the underlying platform for NEAR Protocol automatically expands its capacity via sharding, with no additional costs or work by the developer. NEAR is Web3, so you alone hold the keys to your data, unlike with the "traditional" ways of doing things where centralized providers give developers access to their web services in exchange for control of their data and assets. With NEAR you can be a developer with less setup, fewer costs, and less to worry about. Think of NEAR Protocol like iOS for a whole new breed of apps that run without any big brother corporations pulling the strings. Pretty cool, right?
Users: NEAR's "Doomslug" consensus mechanism consumes minimal energy compared to proof-of-work chains, and is completely carbon neutral as certified by South Pole. NEAR being environmentally friendly is just the start! Transaction finality in mere seconds? NEAR achieves this through "sharding," splitting the workload across multiple chains, leaving Ethereum's glacial pace in the dust. Not only are the transactions lightening fast, due to the proof-of-stake and scalability of NEAR these transaction fees are often super low. Users can also benifit from staking, acquiring validator seats, and buying/selling $NEAR token. Want to ditch the banks and take control of your finances? NEAR's DeFi scene is booming, with lending, borrowing, and earning opportunities galore. No gatekeepers, just you and your crypto.
What Is $NEAR Token?
$NEAR is the lifeblood of this vibrant ecosystem. Simply speaking, it's the native token of the NEAR blockchain. It powers transactions, secures the network, and grants voting rights for governance. But its uses extend far beyond:
- Staking: Hold $NEAR to earn passive income and support the network's security. Users can delegate $NEAR to validators (staked) to earn NEAR rewards.
- Fees: Pay for transactions and smart contract execution within the NEAR ecosystem. All transactions on the NEAR blockchain must be paid for using $NEAR.
- Governance: As a $NEAR holder you can participate in shaping the future of NEAR Protocol through proposals and voting.
- Acquire A Validator Seat: A minimum amount of $NEAR is required to become a validator on the NEAR blockchain.
- dApps Features: Developers on the NEAR ecosystem can choose to leverage $NEAR tokens in different ways, which expands the utility of the token.
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$NEAR is a top 50 cryptocurrency by market cap as of December 2023. In order to buy/sell $NEAR you need to create a NEAR wallet. NEAR also has a bunch of great NEAR NFTs. There are also a plethora of NEAR memecoins out there as well. $REFLO and $PPL are popular ones, as well as $NEKO.
NEAR DAOs
DAOs (Decentralized Autonomous Organizations) are redefining how we govern and collaborate online. And NEAR Protocol, with its focus on scalability, security, and user-friendliness, is proving to be a fertile ground for these innovative entities to flourish. NEAR offers several advantages for DAOs compared to other blockchains. NEAR's sharding technology allows for fast and efficient transaction processing, crucial for large and active DAOs. Compared to Ethereum, transaction fees on NEAR are significantly lower, reducing the financial burden on DAO members. NEAR's intuitive interface and tools make it easier for non-technical users to participate in DAOs. NEAR's vibrant developer and user community actively builds tools and resources specifically for DAOs.
The possibilities are endless! Here are some examples:
- Investment DAOs: Pooling funds and expertise to invest in promising projects on the NEAR ecosystem.
- Media DAOs: Funding and managing the creation and distribution of independent content.
- Protocol DAOs: Governing the development and evolution of NEAR-based protocols.
- Social DAOs: Building communities around shared interests and goals, using NEAR tokens for membership and governance.
NEAR offers a growing ecosystem of tools and resources to support DAOs:
- SputnikDAOs: A popular framework for building DAOs on NEAR, offering customizable governance modules and voting mechanisms.
- AstroDAO: A platform for managing DAO treasuries, facilitating token distribution and voting on proposals.
- NEAR Grants: Funding opportunities for DAO-led projects that contribute to the NEAR ecosystem.
- NEAR Community Forum: A vibrant space for DAO members to connect, share ideas, and collaborate.
$NEAR isn't just another crypto chasing hype. It's the foundation for a decentralized future where you, the user, are in control. So, keep your eyes on the NEAR horizon, do your research, and who knows, maybe you'll be one of the pioneers shaping the new web.
How Our Exclusive In-House Analysts Are Playing $NEAR
“Option one is the main scenario and would offer us the best risk to reward long trade setup. We want to wait until $NEAR retraces back to a weekly bullish order-block that runs from $2.521 to $2.269. A move below either of those levels, then a 4H candle close back above to go long. When we go long, stop loss below $2.10. Targets $3.30, $3.80 and leaving a runner for $5.30. Other option is waiting for $NEAR to get back above $3.80 with a 4H candle close to go long if that happens. Targets $5.30 and $7.30, stop loss if price closes below $3.50 on the 4H timeframe.” -BTC_Jay
Option 1
Entry: Wait for the price to go below $2.521, then enter upon a 4H candle close above $2.521
Targets: $3.30, $3.80, $5.30+
Stop Loss: Below $2.10
Option 2
Entry: If price breaks below $2.521 and keeps dropping: wait for the price to go below $2.269, then enter upon a 4H candle close above $2.269
Targets: $2.521, $3.30, $3.80, $5.30+
Stop Loss: Below $2.10
Option 3
Entry: 4H candle close above $3.80
Targets: $5.30, $7.30
Stop Loss: Candle close below $3.50 on 4H chart
