Can Near Protocol Actually Hit $10? Don't Hold Your Breath.
Alright, let's get one thing straight: the crypto world is full of hype merchants peddling hopium to retail investors. And Near Protocol? Well, it's no exception. These headlines are killin' me. "NEAR Protocol Price Prediction 2025: Usage Growth Signals a Potential $10 Reversal"? Give me a freakin' break.
The "Fundamentals" Argument: A Load of Crap?
So, the narrative is that NEAR is undervalued because its "fundamentals" are strong. Trading volume is up 7,000%? Okay, cool. Active users are exploding? Neat. Fees are hitting all-time highs? Fantastic. But let's be real, none of that matters if the token itself ain't worth a damn.
It's like saying a restaurant is doing great because they're selling a ton of food, but nobody wants to actually own the restaurant. Who cares about TPS rankings when the price action is still dogshit?
And this "Intent layer" bullcrap? Automating on-chain swaps? Cross-chain operations? Sounds like a solution in search of a problem. Sure, the trading volume is approaching $4 billion. So what? It's mostly Bitcoin and Zcash being swapped around. Where's the actual demand for NEAR itself? They even admit that the demand for NEAR is limited. Will Near Protocol rally as Intent layer volume approaches $4 billion?
Don't get me wrong, gas abstraction enabling fees to be paid in stablecoins is a good thing. But, are we really supposed to get excited about this?
Breakout Rally? More Like a Dead Cat Bounce
Oh, and get this: "Near Protocol advances the recovery run for the third consecutive day, breaking out of a short-term descending channel." Translation: a tiny blip of green on a chart that's been mostly red for months.
They're talking about a 50-day Exponential Moving Average at $2.380 as some kind of major resistance. Seriously? We're celebrating scraping past two bucks? And then the 50% Fibonacci retracement level at $2.446? Are we doing astrology now?
The Relative Strength Index is above 50. The MACD crossed above the signal line. Yippee. Technical indicators are about as useful as a screen door on a submarine.
And let's not forget the obligatory "key psychological support" at $2.00. If it slips below that, the "breakout rally" is invalidated. In other words, it's all built on sand.
The $10 Pipe Dream
The other article claims a potential 350% surge toward $10. Three-hundred and fifty percent! That's some serious hopium they're smoking over there. Apparently, investors are "strategically accumulating NEAR at current levels, treating this zone as the 'final chance before the plane departs.'"
If you believe that, I've got a bridge to sell you.
They admit that if it slips below $2, we're in for an "extended accumulation phase." Translation: it's gonna keep going sideways for a while. Maybe even longer.
Then again, maybe I'm the crazy one here. Maybe NEAR really is about to explode to $10. But let's be real... I'm not holding my breath.
So, What's the Real Story?
Look, I'm not saying NEAR is a complete scam. Maybe it has some long-term potential. But the hype is way ahead of the reality. The "fundamentals" are being spun to justify a pump that probably ain't gonna happen. And these "price predictions"? They're just clickbait designed to lure in unsuspecting retail investors. Buyer beware.
